Costs of Common Home Renovations Like Roof Repair and How to Budget for Them

Roofing

Buying a house is one of the most fulfilling and the most significant investment every person will ever make in their life. But a lot of people underestimate how hard it is to invest in real estate and the cost that comes with it. Most people will buy a house without understanding or not knowing the cost of the upkeep. If you are a homeowner, you can’t just call your landlord every time there’s something wrong in your house like the leaking ceiling, a creaking floor or a chipped wall. And if you postponed the repair, it will just lead to deterioration and costlier, more significant problems in the future and not to mention it will lower the value of your property over time.
Of course, this is avoidable, but you need a good plan.
Most repair experts suggest that you need to have an emergency fund in case you need to repair something in your home. At least two to five months of expenses. When there’s an unexpected disaster, you will have something to lean on without touching your regular budget or spending the money that is intended for your family’s groceries or electricity, water and gas. As you determine how much money you need to save for your emergency funds, here are some of the most common repairs and costly home improvements that a homeowner will have to face, whether they planned it or not.
(Want to know more about real estate upkeep and maintenance, visit https://real-estate.laws.com/maintenance.)
Roof
Every home needs a roof. The roof is an essential part of any structure, whether it is just a small house or a towering skyscraper. Every building needs quality and a dependable roof that protects what’s inside that structure. However, most people don’t know the importance of a good roof until it is already leaking or showing signs of wear and tear. What’s worse is if these unchecked leaks are not repaired, it can cause structural and interior damage over rime, and it means you will spend more money fixing your whole house instead of just your roof.
The good news is, with little and proper planning, you can repair your roof with a little amount of money. In reality, the average cost of roof repair goes from $2,000 to $7,000 for the roof and another $5,000 to $10,000 for roofing professionals. And it still depends on how big your house is. That’s a small price to pay compared to the money you will spend repairing your whole home if these roof leaks are left unchecked.
How long how the roof should last depend on several factors. According to National Association of Home Builders, one of the best materials to use for a roof are wood shake which lasts for about 30 years, fiber cement shingles, that will last for 25 years and asphalt shingles or composition roofs that will last for about 20 years. So, if you use your house for ten years and you haven’t changed the roofing yet, be prepared to do some repairs for the next few years. You need to save some money early, or else you will have a hard time finding a budget in case it is time to do the repairs.

Windows
Replacing old and dusty windows is a typical home upgrade that can help you save money on heating and cooling bills. But even the most expensive, toughest and the most efficient windows available in the market today still needs repair or replacement. Windows age and sometimes cracks, their seals may break, or just like other parts of your house, will experience wear and tear over time. The bad news is, you can’t do anything about it except replace the window. The average window repair cost about $400 to $600 per window including installation. The entire cost will depend on how many windows you are planning to repair or replace, what kind of window materials you are using and how much the people working on the job will charge you.
Kitchen remodel
Kitchen styles come and go. Remember when yellow linoleum trend and green kitchen appliances are popular? A kitchen remodel is inevitable if you are planning to stay in your home for a long time. Although most homeowners choose soft renovation instead of a total overhaul of their kitchen because it is low cost, you will have to replace everything in your kitchen from top to bottom eventually. Kitchen remodels cost somewhere from $19,000 to $60,000, depending on the appliances you are using, the materials and of course, how much you contractors will charge you.