While buying your first home can be exciting, the realization that with it comes the dreaded home repairs that you have to pay for yourself. Additionally, some of these repairs can be very expensive, so here is a list of costly repairs that you need to consider. One of the worst home repairs you can be faced with is problems with the foundation of your home, which will need to be fixed instantly and can cost up to $20,000. Another regrettable home repair is a roof replacement and while you may only have to do this once in your lifetime, it can set you back up to $10,000. You’ll most likely experience some sort of water damage in your home, which can lead to widespread repairs to your walls, floors and other appliances. While it may not seem like a massive issue, a cracked or damaged driveway can become an eyesore and set you back thousands of dollars to repair. Lastly, turning on the shower to notice that there is no hot water could mean that you have a broken water heater, which will cost you around $1,000 to replace or $500 to repair.
