The Cost of Keeping Our Homes Functional

What are the largest costs you may face as a homeowner to keep your home functional?

These are the expenses that no one likes! You have to pay them, but it never feels like an improvement that you can see or “enjoy”.

Below we have listed each functional item and an approximate typical cost

1. Roof Replacement

   1. $8,000 to $25,000

2. Driveway Replacement

   1. $4,000 to $16,000

3. Downspout Underground Pipe Replacement (Laterals)

   1. $6,000 to $14,000

4. Sewer Line Replacement

   1. $5,000 to $20,000

5. Furnace/Air Conditioner Replacement

   1. $6,000 to $13,000

6. Attic Insulation Replacement

   1. $3,000 to $8,000

7. Waterline Replacement

   1. $3,000 to $8,000

8. Chimney Restoration

   1. $4,000 to $8,000

9. Gutter/Downspout Replacement

   1. $3,000 to $9,000

10. Electrical Breaker Panel Upgrade

    1. $3,000 to $5,000

Final Thoughts

• Plan ahead. Look a few years out and consider which of these expenses you might have to incur.

• Shop around. These are the types of jobs where it pays to hunt for a reasonably priced vendor.

• Don’t forget about home warranties - Some of this may be covered.

• Beware of contractors “Selling” you on things you don’t need. Get an unbiased opinion before spending money.

• A $250 sewer line camera inspection is well worth the money if you have not done this recently.

Soon we’ll cover the “fun” expenses - Kitchens, bathrooms, flooring!

The content of this newsletter is for informational purposes only and does not constitute professional advice. Always perform your own due diligence before making any financial decisions. There are no sponsors of this newsletter.