Top 7 Most Expensive Home Repairs
There’s nothing like expensive home repairs to ruin your day, except expensive home repairs while trying to sell your house.
Many homeowners don’t know what they’re in for when they buy a house and find out just how many problems it has later on.
Here are the 7 deadly home repairs that are insanely costly to fix.
One of the most significant expenses that you’ll ever pay in terms of home repairs is the cost of a new roof. A well-built roof is supposed to last 15-30 years, but that doesn’t mean that all roofs hold up for that long.
Needing a new roof can put you in a real tight spot, especially if you’re about to try to put your kid through college while staring down the barrel of a series of late house payments.
A new roof can cost anywhere from $5,000 to $10,000 depending on your roof’s square footage and where you live.
Foundation issues are a problem that keeps homeowners up at night, at least the ones that are unfortunate enough to experience them.
A crack in the foundation is a sign of bad things to come, expensive things. The cost to replace a foundation can cost around $8,000.
Electrical problems can stop the sale of a home in its tracks and set you back quite a bit in terms of cost. If your home is on the older side, odds are it will need to be rewired at some point.
When you start seeing black smudges forming around the outlets in your house, you’ve got a real problem on your hands, an expensive one at that.
Rewiring an entire house can cost anywhere from $1,500 to $10,000.
Termites can wreak havoc on a home, especially when the damage goes left unchecked for several years.
Termite damage keeps compounding, worsening year after year, and it can be expensive to correct, which is one reason why it commonly goes unaddressed for long periods of time.
Repairing termite damage is costly, averaging nearly $7,000!
Replacing a Furnace or AC System
We all enjoy having heat from a furnace to warm our bones in the cold months and having AC to cool us off in the hot ones, but what happens when these systems give out?
You have to open your wallet and try not to cringe, that’s what.
The cost of replacing a furnace or AC system depends on how extensive, complicated, and old the system is. The price can surpass $10,000, which is more than most people have in their back pocket.
If you’re trying to sell your house and have a faulty furnace or AC system, you’re going to have a hard time making a sale, and the value of your home will go down.
Reseeding a Lawn
When selling a home, the landscaping is one of the first things a buyer will look at.
Keeping a well-maintained lawn might not have been your first priority when living in the home for the first few years, but when it’s time to sell, you’re going to need to spruce it up a bit.
A new lawn can cost up to $4,500.
Installing New Pipes
Most people don’t think about what’s going on in the pipes behind the walls until there’s a problem.
Sometimes it starts with a lot of loud, obnoxious creaking or low water pressure, and sometimes there’s no warning at all. The pipes can burst, gushing water everywhere, causing even more damage.
Put Your Problems on Our Shoulders - Sell to Contenza Properties
If your mortgage is about to go under and you just discovered that your house has a bunch of problems that will be too expensive for you to fix in time to sell, it’s time to consider a cash offer from Contenza Properties.
With a cash offer from Contenza properties, you won’t have to worry about satisfying a home inspector or waiting weeks on end for the bank to approve financing to close the deal.
You will receive a fair price for your home and the freedom to leave all of those expensive home repairs behind. When you sell your house to Contenza Properties, you’ll receive payment promptly via wire transfer or cashier's check.
Are all those expensive home repairs keeping you up at night? Give Contenza Properties a call, and see how much we can offer you!