One of the greatest parts of being a homeowner is having the freedom to create a space that’s truly your own. However, this also comes with the logistical challenge of budgeting for renovations. Whether your home has suffered damage that needs repairs or you’re simply pricing out a fixer-upper, figuring out the true cost of common home repairs isn’t always straightforward.
To help you plan for your next home improvement project, we’ve compiled a list of common home repairs — and how much they’ll actually cost you.
The cost of roofing repairs will depend largely on how much of the roof needs to be removed and replaced, as well as the price of materials. Removing an existing roof typically costs about $1 to $5 per square foot of removal, averaging $1,000 to $1,500 total for a full roof. Installing a full asphalt shingle roof typically costs between $5,000 to $12,000, with an average cost of $8,500.
The cost of siding repairs will vary significantly based on materials, ranging from $2 per square foot going all the way up to $50 per square foot. For vinyl siding, one of the most commonly used and least expensive materials, you’ll typically pay between $1 to $8 per square foot. A full vinyl siding job on an average-sized home will cost anywhere between $12,000 to $14,000.
Removing carpet and installing/refinishing hardwood flooring
Carpet removal costs $1 to $1.50 per square foot; with included fees for labor and disposal, expect to pay up to $500 for the process. Depending on the type of wood you select, the cost of hardwood floor materials can range between $6 to $12 per square foot; the total price of installation averages to $4,500. Refinishing an existing hardwood floor will understandably require less funding, typically ranging between $1,000 to $2,000 for an average-sized home.
Removing and reinstalling bathroom tile
Removing and replacing bathroom floor and tub wall tiling costs around $3,000 to $4,000 per room. (50% of labor costs goes toward removal, while the other half goes toward installation.) Both chosen materials and specific designs will impact the overall price of a bathroom renovation. For example, herringbone patterns and other intricate designs may come with additional labor costs.
Since basements are more susceptible to water damage than other rooms in the home, mold in the basement is a common issue. The average cost of basement mold remediation is between $500 to $3,000, though prices will increase if growth is behind finished walls. Installing dehumidifiers and ensuring adequate air circulation can help dry out a wet basement and prevent future issues from occurring.
HVAC repairs and installation
The cost of HVAC (heating, ventilation, and air conditioning) repairs and installation will depend largely on the existing systems within the home. Replacing like-for-like is significantly cheaper and less labor-intensive than installing a new system, especially if your home does not already have ducts and vents.
For example, converting baseboard heating to forced air heating can run up to $20,000 if your home does not have a pre-existing system. (Conversely, purchasing a new furnace or boiler costs approximately $5,000.) Installing central air conditioning can range between $8,000 to $10,000 depending on the home’s existing system.
Factors that impact pricing
The actual expense of any home repair will depend on the size of the house or room, existing conditions of the home, and your geographic location. The cost of specific materials, both at baseline and with respect to supply and demand, will also impact the overall pricing.
To get more detailed pricing information on your home improvement project, it is recommended to get an estimate from a home improvement contractor. They can help you price out your options, based on both your specific home and the current market.
Looking to make repairs to your New Jersey home? Fallon Contracting offers a range of home improvement services, including siding, windows, bathrooms, basements, decks, and repairs. Contact us to schedule a no-cost, personalized estimate at your home.