Some of the Most Costly Home Repairs
The average cost of annual home maintenance and repairs is estimated to be about 2 to 4% of the value
of a home. No matter how well you maintain your home, you’ll ultimately be faced with repairs at some
point. Here are some of the most costly.
Most roofs last 20-25 years. While minor roof repairs can cost under $500, replacing the roof can easily
cost $5,000 or more depending on the size and type of materials used.
Minor repairs to your home’s heating and air conditioning system are also usually hundreds of dollars,
but a replacement can cost $5,000 or more with an average system lifespan of 20 years.
Maintaining siding is typically very affordable but re-siding an entire home can cost over $10,000. If your
home’s electrical system needs to be replaced, also expect to spend over $10,000.
Lastly, foundation repairs can be complicated and can cost tens of thousands of dollars if there is a major
Keep in mind, regular maintenance is still the best way to avoid the most costly home repairs.