10 of the most expensive Home Repairs That Can Break the Bank
Your greatest fear as a homeowner is that an unnoticed problem — such as a blocked gutter or cracked foundation — could cost you thousands of dollars. We were fortunate to have a home warranty that covered most of our major home-related problems, but not all. Maintaining your home is the best way for you to avoid costly repairs. You could save thousands of dollars by spending a few hours cleaning the gutters. You could save thousands of dollars by sealing the driveway with a quick coat.
We have compiled 10 of the costliest home repairs and the best maintenance tips for DIY homeowners to save money.
1: Repairing Fallen Tree Damage
The white oak tree that towers over your front yard was planted from an acorn by your great-great-grandmother when she was still in diapers. It adds cooling shade to your property in summer and can also increase its value by thousands of dollars. However, if the right conditions are not met — such as high winds, lightning, or heavy snowfall — falling branches from your oak tree could cause severe damage to your home or vehicles.
Call professional tree services to inspect the tree and trim it every few years for large trees such as oaks or elms. They can trim limbs too close to your house or use cables to reinforce your trunks and limbs against stormy weather.
2: Repairing Smoke or Fire Damage
A wood stove or fireplace is used as the primary heat source in more than three American homes. Unfortunately, 36 percent of rural home fires in the U.S. result from faulty fireplaces. This can cause millions of dollars of damage and even death. You can take simple safety precautions to protect your home and family from fire and smoke damage. First, make sure your chimney is clean. A chimney sweep should inspect your chimney and fireplace at least once per year. make sure there are no bird nests and debris.
Open the damper when the fireplace is clean and empty. Then, look up through the chimney. It should be possible to see the sun. You could be experiencing dangerous accumulations of creosote, partially burned wood ash, in your flue. Creosote, which is highly flammable, can ignite a chimney fire and spread to other parts of the house.
3: Replacing a Driveway
Asphalt driveways are tricky. They must withstand large vehicles’ weight and endure the elements: winter cold, summer heat, and rain. Asphalt driveways can crack and fall apart if they are not protected. It costs about $5,000 to install a new driveway. However, it is worth the extra expense of excavating and hauling away an old one. It is essential to seal your asphalt driveway against the elements. Give the driveway a scrub using a mild mix of warm water, laundry detergent, and hot weather. After the driveway is dry, seal it with a driveway sealer. To evenly spread the sealer, you will need a unique tool called a squeegee.
4: Replacing a Septic System
You probably have a Septic Tank on your property if you live in an area, not within the municipal sewage system’s reach. Septic tanks function in the same way as a city’s sewer treatment plant. They separate solids from fats and allow the liquid to seep into a drain field, where beneficial bacteria complete the process.
Some people take septic systems for granted. They require special care and maintenance. You could have a system-wide problem if you use the wrong chemicals or fail to pump your tank. It could cost as much as $2,000 to replace the old system—[source: Huber].
Professionals should inspect your septic system annually. The inspector will inspect your tank, measure the solids and grease on the top and check the water level. The inspector will generally recommend that the tank be pumped out every three to five years, although it may vary depending on how often you live. The system is more likely to be clogged if you have a garbage disposal.
Between inspections, be sure to look out for signs of septic problems, such as:
• Foul odors in the house, including toilets
• The tank or drain field is above any standing water or soil.
• Above the septic tank, a patch of bright green grass
5: Replacing the Deck
A wooden deck can add value to your home and provide the perfect place for summer barbecues. If you neglect to maintain your deck, it could become rotted or even fall apart. While retaining a deck costs less than $100 per year, the average cost to replace it from the ground up ranges between $7,000 and $10,000 [source: HomeAdvisor].
Keeping your deck clean is the first step. Clear away all leaves and twigs between the floorboards. Then scrub every wood surface with a deck cleaning solution or your bleach and water mixture. After the deck dries, you can either apply a wood stain or sealant to revive the color. The adhesive keeps moisture out of wood and prevents it from rotting.
6: Repairing Broken Water or Sewer Lines
Your home is connected to the water and sewer systems via your water and sewer pipes (assuming that you don’t own a septic tank). The responsibility for the system rests with the city or municipality. Homeowners are responsible for the length and condition of the pipe beneath their homes. It’s not going to cost you a lot to repair or replace broken water or sewer line. The average cost is between $1,000 and $2,000 Cleaning up the mess is what’s going to cost you.
7: Replacing an HVAC unit
HVAC is shorthand for Raleigh heating, ventilation, and air conditioning. Your furnace and air conditioner units could need costly repairs or even die if they are not appropriately maintained. The average gas furnace costs $1,000 to $2,000 at Home Depot. However, professional furnace installations can cost between $4,000 and $8,000.
8: Replace the siding
Water can seep through vinyl, wood, or aluminum siding to cause damage, rot, and insect infestations. While spot repairs to individual siding panels are usually affordable, a complete replacement can cost upwards of $10,000.
You can protect yourself by taking a walk around your house every six months. Check for cracks and holes in the siding. Also, check for missing or damaged caulking around windows or doors. Ensure that any tree branches are at least a foot away from your home’s side [source: Kirchheimer].
9: Roof Repairs
While you are defending your foundation from water damage, remember to look after the roof. It is susceptible to leaks, rotting, and worse, just like the foundation. Spot leaks and lost shingles are easily fixed for a few hundred bucks. if the damage is too severe or dangerous, you may need to replace the entire roof. This could cost you anywhere from $3,000 to $12,000 plus the cost of replacing the roof materials and any damage to your home’s interior.
10: Foundation Repairs
Water can be a natural killer. Water seeps through concrete and settles in basements. It can also cause mold growth and empty wallets. Water can cause your foundation to weaken, cracking, and settle, which can then spread havoc throughout the house. A foundation that is damaged or destroyed can cost as much as $10,000. It can also cost as much as $40,000 to repair and seal it.
This will prevent costly repairs. The ground surrounding a built home should slope slightly from the house. Rainwater can pool around the foundation, exploiting any structural weaknesses to make its way into your house. Consider applying soil to the correct slope if you notice standing water at the point where the house meets with the ground. Problem spots include blocked gutters and downspouts. Rainwater must flow freely from the roof to the gutters and down the downspouts. You can add downspout extensions to discharge water from 5-10 feet (11.5-3 meters) above the foundation.