When you buy a home, you are also signing on for the long list of repairs and routine maintenance that comes with the territory. Some things, however, can’t be turned into a weekend DIY project, especially with older homes. A lot of the problems that homeowners face require the help of an expert, and those costs add up. We’ve compiled a list of some of the priciest home repairs that can homeowners can run into.
- Sewer Line Replacement – $12,000: The most common cause of sewer line failures are tree roots. Obviously, the more trees that are on your property, the more likely it is that the roots will cause some damage. Older homes are especially at risk, and in a nightmare scenario, repairing the damage to a sewer line can cause thousands of dollars’ worth of damage.
- Mold Removal – $6,000: Water can be a home’s worst enemy if it is left standing. Unfortunately, it isn’t always easy to find the standing water in your home, and thus, it is easy for mold to accumulate. Not only is mold growth disgusting, it can also cause serious respiratory issues.
- Termites – $1,000: These pesky insects will literally eat away at your investment, and if they aren’t caught quickly, they can cause serious structural damage, and the costs of repairing this damage can quickly spiral out of control.
- Dead Furnace – $5,000: The average furnace lasts quite a long time, but sooner or later, every furnace needs to be replaced. The cost of the new furnace depends on the type of furnace and the amount of duct work that needs to be done, and can become very pricy very quickly.
The cost and labor-intensive nature of repairs can delay the sale of a home significantly. Many buyers are opting to sell in “as is” condition to avoid the hassle of dealing with repairs. Seller’s Advantage purchases homes in as-is condition for those who want to get cash for their property in as little as seven days. Homeowners can get a quote on the value of their home by calling 800-208-3243 or contacting them here.