In these uncertain economic times, more and more people are turning to home repairs as a way to save money. And they’re right to do so – home repairs can be a great way to stretch your dollar. With just a little bit of knowledge and some basic tools, you can do most simple home repairs yourself. And even if you don’t feel confident enough to try it yourself, there are always professionals who can help at a fraction of the cost of buying or renting a new place.
From fixing a leaky faucet to patching up a hole in the wall, these six home repair projects are a good budgeting decision.
1. Repairing or Replacing the Roof
This is one of the most expensive home repairs but also one of the most necessary. A well-maintained roof can last for decades, but a poorly maintained roof will need to be replaced much sooner. If you do find yourself in need of a new roof, be sure to get multiple quotes from reputable contractors with years of roofing experience before making a decision. You will need to factor in the cost of materials, labor, and any necessary permits when budgeting for a new roof.
However, there are some cases where it may be cheaper to replace the roof than to repair it. For example, if your roof is more than 20 years old and starting to show signs of severe wear and tear, it’s probably time for a replacement.
2. Updating the Plumbing
Fixing leaky pipes and faucets is one of the most common home repair projects. And it’s also one of the easiest and most affordable. You can usually fix a leaky pipe yourself with just a few tools and some basic knowledge. However, if you’re not confident in your ability to do so, there’s no shame in calling a professional.
Updating your home’s plumbing can also be a great way to save money in the long run. If your home is more than 50 years old, there’s a good chance that the pipes are made of outdated materials that are no longer up to code. Updating your plumbing will not only improve your home’s value but also make it safer and more efficient.
3. Replacing Old Windows and Doors
Windows and doors are another common home repair project. And like plumbing, they can also be a great way to save money in the long run. Replacing old, drafty windows and doors with new, energy-efficient ones can help you save on your heating and cooling bills. It’s also a great way to improve your home’s value.
If you’re not ready to replace all of your windows and doors at once, you can start by replacing the most inefficient ones. You can also try weather-stripping and caulking around your doors and windows to help seal in the heat.
4. Patching Holes in the Walls
Holes in the walls are not only unsightly, but they can also let in drafts and pests. Luckily, patching a hole is a relatively easy repair that anyone can do. All you need is some spackle, a putty knife, and a little bit of patience. Just make sure to sand the area around the hole before applying the spackle, and wait for it to dry completely before painting over it.
On the other hand, if the hole is too big to patch, you may need to replace the drywall. This is a more involved repair that will require some experience and specialized tools. If you’re not confident in your ability to do it yourself, it’s best to hire a professional.
5. Fixing Broken Tiles
While replacing a single tile is relatively easy, fixing a larger section of tile can be more challenging. You may need to use a chisel and hammer to remove the old tile, and you’ll need to be very careful not to damage the surrounding tiles. Once the old tile is removed, you can install the new one using mortar or adhesive.
On the other hand, if you’re installing new flooring, you may want to consider tile. Tile is a durable and low-maintenance material that can last for years. Plus, it’s easy to clean and can resist stains and scratches.
6. Repainting the Walls and Ceilings
A fresh coat of paint can do wonders for a room. It can brighten up a dark space, make a small room look bigger, and add some much-needed color to a bland room. You can usually do this repair yourself with just a few supplies from the hardware store. Make sure to prep the area by removing any old paint, cleaning the walls, and repairing any cracks or holes.
Once you’ve prepped the area, you can start painting. Of course, you should choose a color that compliments the rest of the room. And if you’re not sure what color to choose, simple plain white is always a safe bet.
Whether you’re fixing a leaky pipe or patching a hole in the wall, these seven home repair projects are a good budgeting decision. Not only will they save you money in the long run, but they can also improve your home’s value and make it safer and more efficient.
If you’re not sure how to do a particular repair, there’s no shame in calling a professional. Just remember to take your time and follow the instructions carefully.
SUBSCRIBE FOR MORE! HERE'S WHY:
1. You get 7 free books
2. You get the best money & productivity articles
3. You get the latest updates - all in one email per week