The Most Expensive Emergency Home Repairs And How To Pay For It
An emergency home repair is often an expense that you haven’t planned or saved for. And while some unexpected repairs can be put off until a later date, there are some that demand immediate attention due to health or safety hazards.
If you’ve experienced an unexpected home repair, and don’t have the money to address it, Idaho Title Loans, Inc. can provide a fast title loan online to help you cover the sudden expense.
If you are considering buying a home, be aware of these home repairs and their potential impact on your finances.
8 Of The Most Expensive Home Repairs
Ignoring an emergency home repair is not an option. If you don’t fix the issues at hand you could end up with a much bigger problem.
Below, we’ve listed 8 major home repairs with the average cost to fix each one. If you see signs of any one of these issues, call us for a loan to help you get it repaired as quickly as possible.
1. Foundation Problems
Average cost - $250-800 to repair a crack
A crack in the foundation is expensive enough, but major foundation issues can cost much more. Take a look at your foundation all the way around your home periodically so hopefully, you only have to repair small issues as they arise.
2. Roof Damage
Average cost - just under $1000
Roof damage from weather events is an emergency home repair that must be dealt with right away. Hopefully, your insurance will take care of it, but if you need to get the repairs underway quickly, we can help.
3. Hot Water Heater Breakdown
Average cost - $500-800 for tank style, more for tankless styles
Hot water heater repairs are fairly manageable, but replacing your unit can take a chunk out of your budget. While a cold shower isn’t the worst thing in the world, it certainly isn’t pleasant. You also need hot water for washing clothes and dishes.
Average cost - $1,000 to 3,000
Finding termites is devastating because there’s usually a lot more damage than what’s visible. After repairs, you’ll still need to treat your property to keep them from coming back.
5. Water Leaks
Average cost -$150-300
Water leaks in any part of your home are another emergency home repair that needs to be handled right away because excess moisture almost always leads to mold.
6. HVAC Trouble
Average cost - a wide range of $3,200 to 12,500 to replace
This cost drastically varies depending on the size of your home and system, but HVAC repairs can be expensive.
7. Mold Infestation
Average cost - $3,500 for a basement
Smaller rooms prone to mold like the bathroom may not cost as much as the basement in your home, but it’s still around $1,500 on average.
8. Electrical Problems
Average cost - hourly rates between $40 and $120
Electricians usually charge by the hour regardless of the complexity of the job. Home wiring is complicated and can take days to repair or replace.
Prevention Of Major Home Problems
Prevention is the best way to lower the cost of an emergency home repair. Below are a few of our best tips for keeping your home in good condition and hopefully avoiding the issues above.
- Have your electrical system inspected by a professional every year, and the plumbing and roof every few years
- Do your own inspections from time to time, looking for pooling water, termite tunnels, and loose shingles around your home
- Have your HVAC system serviced yearly. Spring is a popular time of year to do this. There may be off-season rates for fall or winter.
- Test for mold or have it done professionally.
- Clean out your gutters at least once a year.
Get Cash For Home Repairs: Here’s How
When an unexpected home repair is needed, you don’t have to choose between fixing it or sticking to your budget.
Instead, try a fast title loan online from Idaho Title Loans, Inc. You don’t have to specify what the loan is for, so whether it’s paying bills or an emergency home repair, you can use the cash for anything you see fit. However, title loans should only be used for emergency situations, not frivolous spending.
To get started, apply over the phone, online, or in-person to receive a call and see how much you qualify for. Once you have spoken to a loan representative about the process, bring your vehicle, the lien-free title to that vehicle, and your valid driver’s license to one of our locations anywhere in the state. If you prefer that a loan rep come to you, you can request that option during the call.
If you visit a store location, you will be greeted by a friendly loan representative who will verify your documents and complete a quick inspection to determine the value of your vehicle, and the amount you can receive in title loan funds.
To find out more about our title loans, complete the form on our website. Your information will go directly to a representative in an office convenient to you. Your information is always kept safe and confidential. We’ll even meet you off-site to inspect your vehicle if that’s more comfortable for you.
Apply today if you have a major home repair looming over your head and we can help you take care of the repairs or replacements without taking a chunk out of your budget.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.