Top 7 Most Expensive Home Repairs

Home remodel in progress
Maintaining a home is expensive. Here are the 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.

New Roof

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.

New Foundation

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

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.

Termite Damage

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?