Once you purchase a home, you come to realize that it’s a whole lot more costly than renting a house is. Of course, your money is going towards something that is yours, not towards making your landlord money, but there are common home repairs that can get quite costly.
While there are pros and cons to buying a home, most homeowners agree that the benefits way outweigh the disadvantages. However, the fact remains that there are common home repairs that need to be taken care of and they can be costly. That’s why in this article, we’re going to go into a few of those repair and their costs.
A New Roof or Roof Repairs
Whether in the beginning or on down the line, you’re going to need to have your roof repaired or replaced. This is one of the most common home repairs and it can get quite costly. Most roofs last quite a few years if they are maintained properly. This means having annual inspections and repairs done when needed.
It’s also a good idea to have your gutters inspected and replaced when needed because faulty gutters can lead to backups of water on your roof. Gutter installation is certainly more affordable than having your entire roof replaced. Have the professionals come in and install your gutters for you to ensure it’s done the right way. Gutters will cost you pennies on the dollar, whereas having to replace your roof can run you anywhere from $5,000 to $12,000 according to the area you live in.
Replacement of Doors and Windows
While the doors and windows on your home may be in prime, tip-top shape when you purchase the house, they will wear down, break, and become worn with time. Checking into a door and window installation in East Hanover, NJ is something you want to do before the winter snows hit to ensure your home is warm throughout the winter season. Many homeowners replace their windows one or two at a time, so they can afford to work it into their budget. Replacement windows and doors can cost you anywhere from $350 to $500 each, including installation if you have them replaced professionally, which is recommended.
A Working Water
You go to take a nice, hot shower on a cold winters day only to find that the water heater has given up the ghost. You know from friends and family that own their own homes that water heaters burst or give up the ghost with very little warning. This is a common problem for homeowners and can cost you a pretty penny. Replacement costs for waters run anywhere from $300 to $900 and an extra $250 to $300 if you have it professionally installed.
Central Heating and Air Conditioning Units
One of the more expensive, and yet still common, home repairs you can expect as a homeowner is having to repair or replace your home’s central heating and air conditioning unit. Even if you don’t need a new unit, you’re going to have to pay for maintenance and repairs on the unit to keep it in good working condition. You can expect to pay from $350 to $500 for an annual checkup. If you have to replace the unit, however, you’re looking at over $5,000 at least.
These are just a few of the most common home repair projects and their costs that you can expect as a homeowner. Your best bet is to budget for these eventualities by setting aside so much out of your paycheck each week to cover unexpected household repairs and replacement needs.