Owning a home is a dream come true, but it’s not always a source of happiness. When something breaks down, you’re financially responsible because you don’t have a landlord. Keep in mind the three costliest home repairs you may face — HVAC problems, water damage, and roof repairs.
On average, it costs between $2,259 and $5,511 to replace a furnace, and between $3,698 and $7,154 to replace an air conditioning unit. However, with some HVAC preventive maintenance, you can reduce repair costs over the life of your HVAC systems and extend their life span. It’s important to clean condenser coils, lubricate moving parts, tighten electrical connections, and check parts. If you don’t know how to do these things yourself, hire a HVAC professional to inspect your systems once a year.
Water damage is another costly repair you don’t want to encounter in your home. Water can cause mold, damage drywall, mess with your ceiling, and warp hardwood floors. It can cost thousands of dollars to fix these problems, especially if you need mold remediation. Watch for all the signs of water damage like mildew, warped and cracked flooring, stains on your ceiling, and a musty odor. Also, know how to turn off the water in your home in the event of a burst pipe.
It can also cost a lot of money to get your roof replaced. The average cost is between $3,700 and $7,500. However, you can extend the life of your roof by getting it inspected every couple of years and repairing issues at the first sign of deterioration. For more information on costly home repairs, check out the following infographic that was originally published by Integrity Air. It will help you plan for preventive maintenance and minimize your repair costs.