Owning a home is a huge responsibility, especially if you want to live in the place for the rest of your life. There are some things you have to do to upkeep the structure of your home that really have the potential to break the bank.
To avoid a financial disaster, it’s good to arm yourself with knowledge. Check out a quick look at some of the most expensive home repairs you’ll have to face someday as a homeowner.
The central air/heating unit in your home
A comfortable temperature inside your home is a vital element to you and your family remaining healthy and safe throughout the most extreme outdoor temperatures. While you may have a high-quality HVAC unit for your home, it’s still a machine.
Machines need repairs and repairing/replacing your HVAC unit can be fairly expensive. It’s a significant enough concern that you should always have a healthy savings account to cover any sudden repair or replacement costs of your air conditioning or heating unit.
Reworking the roof is expensive
You may have bought your home with a brand new roof, but that doesn’t mean it will last forever. There’s a general lifespan of 15-30 years on a new roof, so it’s likely that you’ll have to do some work on your roof during your ownership.
You can spend more than ten grand on a new roof, so it’s important to take an accurate assessment of the situation. Sometimes you can get by with a cheaper fix. However, there’s no substitute for a newly laid roof.
Replacing windows and doors
You will likely only have to replace your windows and doors once during the time that you own your home, but the renovation can be pretty expensive. The seals on your doors and windows will eventually wear out and cease to efficiently do their job.
To effectively manage your energy consumption, it’s wise to make certain your windows and doors are in good shape. Keep your family warm in the winter and cool in the summer with new energy efficient windows and doors.
Repainting the exterior of your home
Depending on where you live, your home’s exterior will need a refresher every ten to fifteen years. The cost of a new paint job will also vary depending on where you live, the size of your home, and the materials on the exterior of your home.
Fixing cracks or repaving your driveway
Proper maintenance of your driveway can save you money in the long run, but a broken down slab of concrete or asphalt will need a full repair. If your driveway is asphalt, it should be resealed every two to five years.