Are you wondering, “Should I fix up my house or sell?”
Consider the average cost of home repairs.
Cost ranges for the 11 most expensive home repairs:
HVAC Repairs $75 – $1,800
Water Heater Repairs $95 – $1,550
Electrical Repairs $81 – $1,000
Driveway Repairs $800 – $2,599
Asbestos Removal $500 – $5,000
Roof Repairs $150 – $5,800
Septic Tank Repairs $150 – $5,700
Deck Repairs $375 – $6,000
Mold Removal $1,115 – $6,000
Foundation Repairs $495 – $13,000
Siding Repairs $100 – $22,500
HomeAdvisor’s True Cost Guide is the source for price ranges. https://www.homeadvisor.com/cost/
Overall, experts estimate average annual home maintenance and repair cost at 2–4% percent of a home’s value. For a $200,000 home, that’s up to $8,000 in repairs per year.
Look how the average cost of home repairs can add up.
HVAC Repairs: $75 – $1,800
NATIONAL AVERAGE: $370
There are two main aspects of HVAC repair: the electrical components and the internal piping.
You should be able to do normal maintenance yourself on your HVAC unit—replacing filters and fuses, keeping drain lines from clogging. If you don’t feel comfortable with those, go ahead and call an expert. It’s not worth risking further damage to your air conditioner or heater, which could result in a full HVAC replacement. And that could cost you $10,000 or more.
If your HVAC unit malfunctions and none of those do-it-yourself maintenance tips gets it working, call a professional. Immediate action can prevent further damage and save you the expense of buying and installing a new one.
Water Heater Repairs: $95 – $1,550
NATIONAL AVERAGE: $575
There’s nothing worse than waking up to a freezing cold shower—an abrupt signal that your water heater needs to get fixed.
First, make sure you know if the heater is gas or electric. That’s probably the first question you’ll need to answer from the plumber you call for service.
If your water heater is only a few years old, repairs are your best option. If it’s beyond the typical water heater lifespan of 10-15 years, be prepared to replace it with a new one.
Electrical Repairs: $81 – $1,000
NATIONAL AVERAGE: $334
Working with electricity is extremely dangerous, which is why you should hire an electrician for any repairs.
Electrical repairs and replacements include issues with lighting fixtures, home generators, electrical panels, wiring and switches, outlets, smart home automation systems and fans. Electricians are able to diagnose and fix any of these issues, which is always the safest option.
Driveway Repairs: $800 – $2,599
NATIONAL AVERAGE: $1,670
Is your driveway decreasing your house’s curb appeal? Fixing it can improve that and make life easier for your vehicles.
But repairing a driveway is a tricky business. It’s hard to know where to start since there are several factors to take into consideration, and costs will vary widely depending on the problem and its solution. Sinking/buckling, cracks, potholes, crumbling—each has different repair solutions and costs.
When it’s all said and done, replacing the driveway may be the best option, especially If you’re considering selling your home. But the price of that can easily reach several thousand dollars.
Asbestos Removal: $500 – $5,000
NATIONAL AVERAGE: $1,984
If your home was built before the 1970s, there’s a chance you may still have asbestos in the house. It was banned from use as a building material because it causes cancer.
Detecting asbestos takes training and experience, so it’s important to have an inspector check your home (especially before buying). If your home does have asbestos, it is vital that you have experienced professionals remove it.
Roof Repairs: $150 – $5,800
NATIONAL AVERAGE: $900
Roofs take a lot of abuse, and many factors can create leaks—hail, wind, rain, falling branches, animals and more. The source of the leak can be hard to pinpoint. Water can run along the boards supporting the roof, and evidence of the leak, such as stains on your ceiling, can be far away from the leak itself.
Small and obvious leaks are ones you can probably repair yourself with supplies you can pick up at your local hardware or home-improvement store. Serious damage may require a full replacement, and the cost for that can reach from $5,000 to tens of thousands of dollars.
Septic Tank Repairs: $150 – $5,700
NATIONAL AVERAGE: $1,572
Chances are you never think about your septic tank. Until you notice a smell, see sewage leaking out around the tank, or find sewage backing up in your sinks and tubs. And those are sure signs that it’s time for repair or complete replacement. Broken pipes or draining failures can probably be repaired, but if your house is 40 years old or more, getting the tank repaired is the most likely solution. And an expensive one.
Deck Repairs: $250 – $6,000
NATIONAL AVERAGE: $1,789
A deck is an enjoyable and valuable home feature, but it does require some maintenance. If the supports are structurally sound and the decking is healthy, repairs can be relatively inexpensive, and you may be able to do them yourself.
However, decks can be subject to hidden damage from mold, mildew and pests that can progress unbeknownst to you. Thorough inspections, probably by a trained professional, should be part of your regular house check-ups to keep deck maintenance to repair and avoid replacement.
Mold Removal: $375 – $6,000
NATIONAL AVERAGE: $2,220
Mold is an issue that can not only damage your house, but also your health. Its presence often is detected by symptoms like allergic reactions, headaches, breathing difficulties or burning skin sensations. If you experience any of those and can’t pinpoint a cause, you need a professional to test your home immediately. Damage and discomfort from mold can spread and worsen quickly, becoming very expensive and complicated to remediate.
Since mold, a type of fungus, thrives in warm, moist, dark areas, it can be very difficult to detect. It can be feeding on organic materials in your home—drywall, some types of flooring and tile, insulation and more—before you ever notice. Mold remediation can be very expensive and may even require you to live elsewhere temporarily until it is completed.
Foundation Repairs: $495 – $13,000
NATIONAL AVERAGE: $4,467
If you notice cracks in your walls, doors that won’t open or close properly, sinking floors or gaps around window frames, your home’s foundation likely has issues. The quicker you can get foundation damage repaired, the better off you are in terms of price, not to mention safety. Left unaddressed, minor foundation troubles can become severe structural problems. You’ll need to call a professional such as a structural engineer to inspect your foundation and tell you what needs to be done.
Siding Repairs: $100 – $22,500
NATIONAL AVERAGE: $752
“Siding” is a term that refers to a wide variety of materials that are the protective and decorative material on the exterior of your home—brick, stone, wood, stucco, vinyl, aluminum or fiber cement. They are made from resilient materials, but they endure a lot of abuse as they protect the home inside them from all sorts of weather conditions, each with its own damage. You can expect to address normal wear and tear with any type of siding as time goes by.
You may not need to repair minimal siding damage, but more serious issues can lead to additional problems if weather can penetrate the siding. Since siding also serves to beautify your home, you should make sure it’s in excellent condition if you plan to sell your home to maximize curb appeal. Otherwise, you could scare buyers away before they even set foot inside your home.
So, back to the question: “Should I fix up my house or sell?”
You may be weighing the inconvenience and cost of repairs against the hassle and expense of selling your house. Many people think that to sell, they have to go ahead with their repairs, then endure the uncertainty of leaving their house on the market while strangers troop through to look at the house.
There is another option: We Buy Ugly Houses® can buy your house just as it is, with its needed repairs and all, whether it’s ugly or not, and pay you cash for it in as little as three weeks. No showings, no commissions, no typical closing costs—just cash for your house. There’s no quicker or easier way to sell. It won’t cost you a thing to get an offer from us, and you’re under no obligation to accept it. So you have nothing to lose but the repairs you’ve been living with. Just call 800-44-BUYER or use our online form to connect with our property specialist in your area.