Resources to Help You Budget for Common Home Repairs

As a homeowner, you’ll inevitably end up facing routine maintenance issues and bigger repair projects. Hiring contractors to handle these problems can get a bit pricey, but if you budget, save, and familiarize yourself with fair rates ahead of time, you’ll have a much easier time footing the bill! Here’s how to recognize structural damage early on and select the right contractors to make your home livable again.

Paying for Home Maintenance

Home maintenance can be expensive! Follow these guides to prepare for these costs in advance. 

• Create a solid emergency fund to cover maintenance and repair expenses - the bigger your home, the more you should save.

• Follow these simple budgeting tips to start setting aside more money for home repairs. 

• Refinancing your home loan can free up funds to pay for repairs, so it’s time to research the answers to all of your refi FAQ! 

Plumbing and Water Damage

Left unattended, plumbing leaks and water damage can cause extensive problems for homeowners, so it’s important to act quickly to remedy these issues.

• If you notice any of these plumbing issues, don’t try to fix them on your own - it’s time to call a plumber!

• These signs of water damage should also prompt you to reach out to a plumber or other contractor. 

• When you need to fix plumbing problems, anticipate spending between $170 to $430.

• Establish a working relationship with a reputable plumber from Kevin Szabo Jr. Plumbing. You’ll be able to turn to one contractor for all of your plumbing renovation needs!

Roof Replacement

After spending years in your home, you may need to shell out for a roof replacement. Here’s how to handle this crucial repair project. 

• Keep an eye out for these warning signs that your home needs a new roof. 

• The cost to replace your roof will vary based on where you live, your home’s square footage and the materials needed. 

• When it comes to hiring roofers, choose wisely - compare prices, references, and contracts from several companies. 

Foundation Repair

If your foundation is not sturdy, your home is not safe. These resources will help you keep your foundation from becoming compromised.

• Learn to spot the difference between the natural home settling and dangerous foundation problems. 

• The price of repairing your foundation depends on the specific repairs needed, but you should expect to spend anywhere from $2,500 to $5,000. 

• Get estimates from at least three contractors for this project, and ask your loved ones for local recommendations.

When you own a home, you can’t afford to overlook damage and necessary repairs. Doing so can lead to even bigger structural issues in the future, so saving for these inevitable costs is key. With these resources on hand as references, you’ll be able to mark smart decisions when it comes to hiring contractors with reasonable rates!

Guest Contributor: Bob Shannon