No matter what home you own, it is a certainty that you will be faced with various costly repairs. You simply cannot avoid them. You need to be prepared so let us think about the home repairs that are the most expensive. This will allow you to properly prepare in the future and have the money that you will need for them.
This is definitely not a surprise. Remodeling a kitchen will vary a lot based finishes and sizes but this is definitely a highly expensive repair, no matter the size. As a difference when looking at the other repairs, many see the remodeling of a kitchen as being a luxury, not truly a necessity. However, there are situations in which this is not the case. All appliances will have to be replaced sooner or later and the great thing about kitchen remodeling is that the return on the investment made is around 80%. Associated costs vary from a few thousands to even $50,000.
Second only to the kitchen remodeling, bathroom remodeling will vary based on size and what you want to achieve. In USA the average for bathroom remodel jobs is $15,000. Out of the money you will spend, 20% needs to be dedicated towards labor and the smallest part of the investment, around 4%, should be added to the design fees. Savings are possible when you do some work alone, like design work.
Building A New Roof
Most of the roof repairs are not costly. Even large roof sections can be replaced without having to work too hard and invest a lot of money. However, when you want to build a brand new roof, the cost will be really high. All roofs have to be replaced eventually and when necessary repairs are often seen, it is time to consider this costly repair. An area of around 2200 square feet will cost $1,000 to $3,000 and the professional can easily charge around $5,000, which is definitely a lot more than you would expect at first glance.
Fixing Or Adding A Garage
Garage necessity is something that is subjective. If you decide that this is necessary, you want to think about garage costs. These are largely connected to garage size, if there is a connection that needs to be done between the garage and the home. We can easily expect around $40 per one square foot. The garage door would basically cost around $1,000. That investment will surely pay itself rather fast when you try to sell the home with the garage so you have to consider this.
Home siding is normally quite expensive, around $8,000 for the regular home. There are various home projects that would be done but the truth is that siding is really time consuming, normally requiring the help of a professional. After siding is finished, it can easily last for up to 50 years. Maintenance is minimum and you do want to work with someone that knows everything about the work that is to be done.