What are the most expensive home repairs?

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When it comes to saving money on home repairs, it’s generally best to take care of repairs swiftly, when they’re still minor. If you have the attitude that you don’t need to fix the problem because it’s so small, it will likely develop into a more costly, major issue.

If you’re juggling a tight budget and wondering what you should take care of first, it helps to know which repairs will cost the most. From furnace replacement and installation to plumbing fixes, here are some of the most expensive home repairs.

Structural and foundation repairs

News of structural damage is a nightmare for any homeowner. That’s because foundation repairs can potentially cost in the tens of thousands to fix.

If you only have minor foundation cracks, you may be able to get them fixed for around $500. But if you have major issues with your foundation, the costs rapidly go up from there.

Fortunately, if you’re paying attention, you can usually catch minor problems before they damage the structure of your home. Common issues that eventually lead to structural problems if left unattended include:

  • Termite infestations
  • Leaks in and/or around the home
  • Poor soil conditions
  • Settling issues

To avoid major issues with your foundation, look for early indications of a problem. Bowing walls, cracks, and leaks are all warning signs that should be addressed right away. If you’re proactive, your chance of catching problems early on is increased.

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Plumbing repairs

For many homeowners, plumbing issues are as simple as a clogged drain or a leaky faucet. For others, problems with plumbing systems can lead to major damage.

Replacing a sewer line can be particularly expensive. In some cases, it can cost the homeowner up to $250 per foot. Getting rid of mold from plumbing leaks or repairing a septic system are also expensive and can cost the homeowner thousands of dollars.

Avoid the need for major plumbing repairs by watching for these common indications of problems within your plumbing system:

  • Severe clogged drains
  • Aging septic system
  • Frozen pipes
  • Old, deteriorating pipes

If you do notice these issues, call a professional right away. In a best-case scenario, he or she will tell you that only minor repairs are needed. If you are proactive, you decrease your likelihood of suddenly being faced with a major, unexpected plumbing problem.

HVAC system replacement

No HVAC system lasts forever. However, you can significantly extend the lifespan of yours by maintaining it regularly and having it serviced at the first indication of problems.

Failing to get regular tune-ups or choosing to ignore clear signs of problems could backfire. Most homeowners can expect to pay around $5,500 to replace an air conditioner and approximately $4,300 to replace a gas furnace.

Avoid the need for premature furnace replacement and installation by taking care of necessary repairs right away and following a seasonal maintenance schedule.

Avoid expensive home repairs

It’s normal for major systems and components of a home to wear out over time. However, you can save money and extend the life of most systems by simply paying attention and hiring professionals to fix problems when they arise.

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