Most Expensive Home Repairs in Portland That Can Break the Bank
Owning a home has many advantages. Not only is it a great way to build equity and put down roots, but it also gives you the freedom to add your own personal touches to the place you call home.
Unfortunately, homeownership comes with a number of other responsibilities beyond just paying your mortgage and doing upgrades. In fact, according to experts, the average homeowner can expect to spend between 1 to 4 percent of their home’s value on maintenance and repairs each and every year.
Let’s take a look at some of the most expensive home repairs and what to do if you find yourself in over your head.
One of the things homeowners fear most is finding out they have foundation issues — and for good reason. Not only can a cracked foundation lead to larger structural issues that need to be addressed right away, but it can cost several thousand dollars or more to repair, depending on the extent of the damage.
According to HomeAdvisor, the national average for foundation repairs is $4,642, with minor repairs costing as little as $500 and major ones costing upwards of $10,000.
It’s never fun when the systems you rely on to keep your living spaces comfortable break or malfunction. If you’re lucky, you’ll be able to get your HVAC unit running smoothly again by simply replacing filters and fuses or clearing clogged drain lines. Unfortunately, if you need more extensive repairs (like replacing certain components), you’re looking at closer to $2,000, while replacing the entire HVAC unit can cost you around $7,500 or more.
Septic system repairs
If you live in a more rural area of the Pacific Northwest and rely on a septic system for wastewater treatment, you know how important it is to properly maintain and care for your system. Broken pipes and draining issues can cause serious problems. Not only are septic tank repairs costly, but they can make your house unlivable until your system is up and running again.
Homeowners can generally expect to spend somewhere between $629 and $2,889 for septic tank repairs, but major repairs can cost upwards of $5,000. If you end up needing to replace your entire tank, you’ll be looking at $3,160 to $10,287, while an entire system (tank, leach field, and piping) can cost more than $20,000.
Household mold is cause for serious concern. Not only can it pose a threat to your family’s health and wellbeing, but it can also be very difficult (and expensive) to remove. Unfortunately, mold is all too common in rainy environments like the Pacific Northwest and it can be hard to spot, often growing in places like basements and bathrooms or inside drywall, flooring, or insulation.
On average, mold remediation costs between $1,121 and $3,333, with larger jobs costing $6,000 or more.
The cost to repair a damaged or aging roof depends on a number of factors, including the type of material, the slope of the roof, the location and size of the area, and the nature of the damage. That being said, most homeowners can expect to spend between $366 and $1,589 for roof repairs, while replacing the entire roof is likely to run you somewhere between $5,581 and $11,613.
Avoid costly repairs and sell your home in as-is condition with no fees, inspections, or contingencies
At Columbia Redevelopment, we specialize in buying and fixing up homes that have become too costly and/or burdensome for their owners. Let us take your home off your hands with our simple, straightforward homebuying process.
We buy homes in all conditions and take the hassle out of selling your home by making you an as-is cash offer with no fees. Give us a call at (503) 406-9874 or contact us online for more information or to tell us about your property.