5 Costly Home Improvements to Expect as a Homeowner

Source: Thinkstock Home repairs are a necessary part of life, and can be particularly important when you need them to be comfortable (say, air conditioning in the summer), or when you need to fix something in order to sell your house. Some home improvements are completed easily and cost-effectively, while others leave homeowners down a few hundred to a few thousand dollars. Unfortunately, even the expensive home repairs need to be done, and often, they cause more pressing issues than less expensive problems. For example, a broken screen door might be unsightly, but a leaking roof can cause lasting problems if not dealt with quickly. Ideally every home owner should budget for costly repairs and improvements, and knowing which repairs or improvements are the most expensive can help. Below are five of the most expensive changes you will probably face while being a homeowner.

1. Remodeling a kitchen

It’s probably no surprise to see a new kitchen on our list of expensive home repairs. The cost of remodeling your kitchen will vary greatly depending on the size of your kitchen and what finishes you want, but in general, it can be one of the most expensive home repairs you will face. Unlike some other repairs, many people see a kitchen remodel as a luxury rather than a necessity, but there are some cases that you will really need to replace aspects of your kitchen. Appliances wear out, and many home kitchens become outdated if they are not updated, which can make it difficult to sell your home. Kitchen remodels give homeowners a great return on their investment (80-85 percent), and can often be worth the money. However, remodeling your kitchen can cost a few thousand dollars, all the way to costing you $25,000, $50,000, or more. You can save money by sprucing up certain items you can’t afford to replace (like ceiling fans or cabinets.)