The purchase price of a home isn’t the only cost that a homeowner has to face. Over the time that you own a home, there will always be things to be repaired or desirable improvements you want to make. If you plan on selling a home later, upgrades are a must to improve the price, and regular maintenance is necessary to protect the investment. This can lead to questions about just how much it costs to keep a home.
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If you or someone in your family is handy with tools and doesn’t mind putting some sweat equity behind the projects, many home renovations and repairs can cost significantly less than you think. Of course, there are some jobs that are beyond the scope and ability of most homeowners and should be handled by a professional. Jobs such as roof replacement, plumbing or electrical work or water damage restoration really should be done by a professional in order to ensure that the work is done right and can help homeowners avoid costly mistakes.
But for the things you can do yourself, here’s a list of how much they’ll cost for the average homeowner in the Chicago area.
Door and Window Replacement
Homeowners can ensure that their homes are comfortable year round and save money on their energy bill by replacing windows and doors. The average cost of replacing and installing casement windows in Chicago for materials and labor is between $600 – $1210 for each window, depending on the configuration and choice of materials. A good median price is around $810 per window installed.
The kitchen is the heart of the home and one of the top remodeling projects among homeowners. You can certainly refurbish what you have with a new coat of paint and do the job for under $500. You can also update your kitchen look with new faucets for around $200, or install new hardware on all the cabinets and drawers for about the same cost. If you want to go all out, however, the average price for remodeling your kitchen in Chicago is between $15,000 and $20,500. Small repairs such as fixing clogged drains can cost approximately $220 to $340.
Surprisingly, even more popular than remodeling the kitchen is a bathroom remodel. A lot will depend on the features of the bath you want to make. On average, homeowners in Chicago will spend approximately $9,488 to completely remodel a bathroom. Installing a new toilet will cost on average $348. If other work is needed such as repairing damage from a leaky toilet, the price can go up. Replacing floorboards around a toilet as well as repairing damaged plumbing could cost $1,500 or more.
Having a roof that is in good repair is important to keep out the elements. The installation or replacement cost for an asphalt shingle roof on an average sized home in the Chicagoland area is approximately $7,450. Installation or replacement cost for a metal roof will cost you around $4,684 – $11,080.
Water Damage Restoration in Chicago
Whether your home has suffered from leaky pipes or a damaged roof or basement flooding, quickly mitigating and removing water can help decrease damage in the home. Damages can become expensive when water comes into contact with carpeting, furniture, wood, sheetrock, fabrics or other biodegradable materials. It’s important to catch it and address the water damage restoration as soon as possible. Drying things out and preventing dangerous mold is important.
Most homeowner’s insurance can help with the cost of water damage restoration. In Chicago, removing standing water on average will cost between $1,042 all the way up to $7,000 and more depending on how extensive the damage is. A Chicago water damage professional can give you a detailed estimate on what it will cost to restore your home and what to expect.
As you can see, keeping a home isn’t cheap! But if you want to preserve your investment, or just keep your home in good order, then you need to keep up with the maintenance. Set aside some money every month for home improvements and you’ll have a nice nest egg for when the unexpected happens.