If you’re planning on fixing up your house, you need to know how much home repairs cost. You want to be certain your investment will pay off, right?
In Part 1, we looked at the cost of replacing the roof and the exterior siding–all outside the house. Now it’s time to go indoors and take a look at how much it will cost you to fix up the inside of your home.
Hot Water Heater
Hot water heaters are built to last at least 10 to 30 years, depending on the model. If you have bought a hot water heater in the last 5 to 10 years, you shouldn’t have to worry about replacing it, as the newer models are more solid, durable appliances.
But if your water heater is older than 15 or 20 years, it’s probably a good idea to consider replacing it. Not only will it be less energy-efficient than newer models, but it is very likely using up more electricity or natural gas than it should to heat up your water.
So how much will a new hot water heater run you? If you head to stores like Walmart, Target, Costco, or Kohl’s, you can find a pretty decent appliance for anywhere from $300 to $900. If you really want to be a smart consumer and buy an eco-friendly hot water heater, you may end up paying a bit over $1,000–but not too much more.
You also need to factor in the cost of installation. The department store will usually deliver it to your home for free, but they may charge you an installation fee–often around $250.
In Part 3, we’ll look at the costs of getting your home’s HVAC system running at tip top efficiency…
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