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repair man on ladder

 

There's a reason why home renovation shows are so popular on TV. There's a lot of satisfaction to be had watching people transform their old homes into absolute wonders of design and function.

 

 

For the average homeowner though, renovations can be a trying time, full of hidden costs and nasty surprises that can quickly put an enormous strain on renovation budgets.

To help you avoid any nasty surprises, we've put together a handy list of the top 5 home repairs that you should be aware of and budget for.

 

Top 5 Home Repairs to Budget For

 

1. Roof Repairs

One of the most common – and costly – home repairs is fixing a damaged or leaking roof. Given that the roof is quite literally the only thing separating your home from the elements, it's not something to put off. If possible, have a qualified inspector either conduct a in-person inspection or have a drone roof inspection done.

 

What it Can Cost

Depending on the severity of the damage, roof repairs cost upwards of $650 to over $10,000 for a full replacement. It's best to speak to a qualified and experienced roofing contractor to get a proper idea of the costs.

2. Foundation Repairs

Another, often overlooked, area of the home that can sometimes be in dire need of repair is the foundation. Foundation problems can be caused by a number of things including poor construction, water damage, or even just the natural settling of your home over time. It's always recommended to have a home inspector survey the foundation every five years or so, just to make sure everything is in order.

 

What it Can Cost

You can expect the costs for foundation repairs to start from $5,000 and can easily climb into double digits should the repair work needed be extensive. Again, it's best to speak to house construction contractor for a qualified estimate.

3. Plumbing Repairs

Issues with the plumbing are extremely common, even in newer homes. Which is why it's essential to have them inspected regularly, particularly if you live in states that are prone to temperature extremes.

 

What it Can Cost

Fixing leaks or replacing pipes and water heaters can vary greatly in costs, but depending on the severity of the problem, plumbing repairs can cost anywhere from a few hundred dollars to tens of thousands.

4.House Siding Repairs

Like the roof, the siding on your home protects it from the elements and can often be overlooked until there's an issue. And while most modern sidings are built to last, they can still succumb to wear and tear, especially if they're not properly maintained. A good idea in this instance is to have high-quality siding installed from companies like James Hardie by experienced siding contractors.

 

What it Can Cost

The costs of having your siding repaired will depend on the severity of the damage and what type of siding you have. On average, you can expect to pay anywhere from $500 to over $5,000.

5. HVAC System Repairs

The HVAC system in your home is responsible for keeping you comfortable all year round, so it's important to keep it well-maintained. Usually, a qualified inspector will be able to examine the equipment and identify any potential issues before they become a major cause for concern.

 

What it Can Cost

The costs of having your HVAC system repaired will depend on the type of problem and the severity, but it's always best to budget for at least a few hundred dollars just in case.

 

Conclusion

As you can see, there are a number of home repairs that you should be aware of and budget for. And while they may not all be as exciting as a kitchen renovation, they're essential nonetheless. So make sure to keep this list in mind the next time you're planning any home improvements.