Expensive home repairs can be worth it in the long run.
As a homeowner you have probably had to make a decision on how to spend your repair or remodeling dollars. Many times that decision is made simply out of necessity (you NEED a working bathroom). Other times you have to choose where the dollars and time will be best spent based on a combination of needs and desires, and which ones might have the best return on your investment. What are the most expensive home repairs and which rooms are probably most important to update?
Most Expensive Home Repairs
POOL: If you have one, you know why. Liners, filters, heating units, general maintenance and then there is the surrounding pool deck area as well. If a major repair is needed, you can be sure to spend a nice chunk of change.
WINDOWS: This can vary greatly in price, but if you need to replace all the windows in your home, you are looking at a big price tag. Windows and sliding doors have a multitude of options to choose from with a wide range of prices as well, from standard to super-efficient or custom-made (high price).
ROOF: Once a roof is shot, the replacement is costly and not very satisfying as a homeowner. Really, who notices your new shingles? Roofing materials also come in a variety of styles and prices. Hire a reputable contractor for a job as important as your roof.
KITCHEN: Major repairs to a kitchen can be costly if new appliances, cupboards and surfaces are needed. The good news is that a new kitchen IS a repair expense that is easier to swallow, because you will enjoy the new space every day.
BATHROOOM: Like a kitchen, bathroom repairs can add up fast. If the room needs to be gutted or if mold exists behind the walls, you will need a decent budget to fix it up. Having a safe and updated bathroom is worth the money.
Other rather pricey repairs include garage replacement or repair, adding a media room or media center and a new patio, deck or landscaping.
Budget properly and select classic renovations that you will love for years to come. Nobody said homeownership was cheap, but there is a great satisfaction in owning a home that is updated and in great condition.
The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 17,000 members who are active in all aspects of the real estate industry.