In the name of financial awareness, we want to give you a better idea about the cost of common home repairs in 2019. Although projects of various shapes and sizes will come with different price tags—especially when we’re talking about your home exterior. This should at least give you a starting point for your budget. Whether you’re a first-time homeowner or a long-term property holder, we’re happy to give you a personal estimate! Contact Schaefer Exteriors for a custom quote.
When You Need a New Roof
No one really wants to hear that they need a new roof, but putting off this home repair could make matters worse. Since this architectural element is key to protecting your investment, you don’t want to wait until there’s water damage or other issues. As a general rule of thumb, if your home is 10 years old (or it’s been at least 10 years since your last roof replacement), you should start saving.
Traditional asphalt/shingle roofs are only designed to last around 20 years. You might get more out of fiber cement (at approximately 25 years) or wood shake roofs (which last about 30 years). However, these options often cost more to repair/replace. So, you may need to start saving sooner. On average, full roof replacements in Maryland range anywhere from $5,000 to $10,000. Keep in mind that larger homes, more difficult installations, and/or premium materials could easily increase that estimate to $15,000. Or you could pay a fraction of that for repairs, rather than a new roof. We’ll have a better idea of how to budget once we see your home in person, though.
A Set of Replacement Windows
As far as upgrades go, this one could actually pay for itself! Since replacement windows often bring higher energy efficiency, you should see lower utility bills once this home repair is complete. Unfortunately, we see a lot of variation in cost for this particular project. The easiest way to estimate is to consider how many windows you have. Now, budget anywhere between $300 to $1,000 for each one.
Aluminum windows might cost less, but they’re also less energy efficient overall. This budget also doesn’t account for any custom windows, like picture windows or arched frames. So, if you have those already, or you’re planning to add some, you’ll need to save a little more. With replacement windows, many homeowners choose to tackle a few at a time. Giving them more time to save and smaller projects (with fewer surprises).
Exterior Painting and/or Siding
Well, you knew this was coming. At Schaefer Exteriors, siding is one of our specialties. It’s also one of the biggest investments you can make in your home! Depending on the type and style you choose, you may only need to replace it once in your lifetime. In that case, it makes sense to choose a higher quality and finish that you’re going to love for many years to come. To determine a budget, we’ll consider several variables, including the size of your home, the disposal of your current siding, and the material(s) we’re using for replacement.
As the least expensive option, vinyl siding often costs between $1.00 to $2.50 per square foot. For a 2,000 square-foot home, that brings your budget to around $5,000. Many homeowners, however, end up with a five-figure bill when all is said and done. Therefore, if you don’t need a full replacement, you may want to consider painting instead. This approach can easily refresh the look of your home exterior at a small fraction of the price of siding.
Hopefully, this gives you a better idea of how to budget for common home repairs. Even if you’re not a homeowner quite yet, keep these figures in mind as you’re budgeting for the big purchase. If you have any other questions about financial awareness, don’t hesitate to contact the experts at Schaefer Exteriors!
Tags: budget, cost, energy efficient, estimate, exterior painting, financial awareness, home exterior, home repairs, installation, Maryland, price, quote, replacement windows, roof, roof replacement, Schaefer Exteriors, shingle, siding, Windows