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8 Ways to Reduce the Risk of Costly Home Repairs

8 Ways to Reduce the Risk of Costly Home Repairs

8 Ways to Reduce Costly Home Repairs

Home Repairs are something you get used to as a homeowner. However, detecting signs of problems can be the difference between cheap and costly repairs. If you’re looking for ways to reduce your risk of costly home repair bills, here are eight expensive home repairs you should avoid.

Foundation

Repairing a damaged foundation costs in the range of $1800 to $6,500, but those with hydraulic piers can cost upwards of $10,000. The foundation can get damaged by water and mold formation. Check for paint peeling off, cracks, and water collecting in and around the house. To prevent foundation damage, make sure it slopes downwards to drain water properly. Also, keep the soil around the house hydrated during dry periods.

Fire Damage

The cost for cleanup after a fire and smoke damage can be around $3000 to over $26000, according to the HomeAdvisor cost guide (used for all our estimates). Besides the soot and smoke cleanup, you may also have to pay for repairing water damage from the water used for putting out the fire. To avoid the substantial costs, invest in fire extinguishers and smoke detectors for sensitive areas of the house.

Ways to Reduce Costly Roof RepairsRoof Repairs

Roof repairs typically cost around $350 to over $1300. A leak in the roof can damage the electrical system and the interior. Check for missing shingles, corroded pipes, leaks, broken masonry, and ice dams. Hire a professional to repair the roof, and also check its condition yourself periodically.

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Water Heater

The water heater is one of the most used appliances in the home. Repairing a water heater is affordable compared to other repairs, especially if you have a home warranty. For example, replacing a thermostat costs between $100 and $300. In an electric heater, replacing the heating element cost between $200 and $300. Check the heater for leaks and unusual operating sounds. A leaking heater can flood the home and cause severe damage, so it’s essential to get it repaired or replaced in time.

Exterior Wall

Damage to the exterior wall can expose the interior to the elements. Check the exterior walls for paint peels and damaged caulks around the openings. If you notice any potentially serious damage, hire a contractor to fix the problem. Fixing siding runs will cost between $40 and $50 per hour.

Electrical System

Preventive Ways to Reduce the Costs of Electrical SystemsOpening the walls of an existing home to replace wiring is an expensive process, costing between $3000 and $8000 for a 1200 square-foot space. Signs of a failing electrical system include electric shock from appliances, tripping of the circuit breakers, very hot outlets, and flickering lights. A professional should be able to identify these and any other problems.

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Mold

Mold is a fungus that can grow in several places in the house and carries health risks, such as allergic reactions. Check for leaks, odor, discoloration, and allergic reactions. The cost will vary depending on location. For instance, basement mold abatement can cost anywhere from $500 to $3000. The average price of removal is around $10 to $25 per square foot.

Image of leaking faucetPlumbing

A reinstallation of pipes can be an expensive affair, and it may involve removing parts of an existing wall or floor. Replacing the water main costs in the range of $600 to $2300. Problem indicators include rust in water, leakage, running toilets. To prevent damage, locate the leaks, insulate pipes, and keep the sewage pipes clean.

Courtesy of Amanda Turner, a freelance writer and recent graduate who is exploring her passions through writing. 

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