What Home Improvements Are You Planning to Make This Year?
Every year, homeowners will usually spend approximately 1% to 4% of their home’s value on maintenance and repairs. The need for this will increase as their house ages, particularly in areas that experience heavy storms. If a home is valued at $200,000.00, for example, the cost for these annual repairs and maintenance needs will be a minimum of $2,000.00.
Do you have a roof in need of replacement? Or perhaps you need your windows and doors replaced due to storm damage. Other necessary repairs may include attic ventilation, siding installation, or flat roof coating. In addition to having repairs made, you may also be interested in additional home improvements. These might include adding a skylight or having solar tubing installed.
Were you aware that under normal circumstances, you should have your roof inspected at least once or twice every year? When you live in an area where heavy storms are the norm, you may need to do this more often. When you have your roof inspected, your contractor will be able to determine whether or not you have a roof in need of replacement.
While the cost of roof repairs will vary, you may be interested to learn the average price of several common types of roof repairs:
- Water damage: $2,386.00
- Standing water removal: $2,688.00
- Wind damage: $5,757.00 to $10,000.00 or more
- Fire and smoke damage: $4,172.00
If you need a new roof, are you planning to do it yourself? This will probably cost you between $1,000.00 to $4,000.00 for a standard 2200 to 2600 square foot roof. Unless you have professional-level construction skills, however, or are an experienced contractor, having a professional roof service perform this job instead would be advised. A professional will tend to charge between $2,000.00 to $8,500.00 for new roofing installation.
Do you need your windows replaced? What about your doors? You are likely aware that when these have drafts, you can lose 38% of your house’s heat due to gaps between the framing and other issues. When you have drafts coming from your single-paned windows, you may lose up to 50% of your home’s heat.
While having drafts may not seem to be a major issue during the warmer months, your home’s cool air will also escape through these cracks and gaps.. How much do you tend to spend on your annual heating and cooling needs? Were you aware that when you have gaps and cracks in your windows and doors that you may be spending $350.00 a year?
If you’re curious about the cost of window replacements, Remodeling magazine provides the following average prices for new windows:
- Vinyl window replacement: $11,319.00
- Wood window replacement: $12,229.00
In addition to their function and appearance, new windows have other benefits. The U.S. Environmental Protection Agency, for example, indicates that you can save an estimated $501.00 a year by replacing your old, single-paned windows. In order to experience this level of savings, however, you will need to replace them with Energy Star approved models.
Whether you have a roof in need of replacement or another type of home improvement in mind, it’s important to remember that these repairs will create a more comfortable, safer, and energy-efficient living environment for you and your family. Furthermore, you will also be able to receive a substantial return on your investment should you decide to sell your home.
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