Home repairs are just part of homeownership. But knowing the signs when a home repair is looming can help you act before the problem becomes more serious. And understanding the potential cost of repairs can help you be prepared when the time comes. This article will help you to prepare for four of the most common home repairs.

Quick tip: If an item is nearing the end of its average lifespan, be extra vigilant for signs of failure. And if you need to make frequent repairs on a particular item, it may be time to replace it.

A note about prices: Costs are estimates only. Actual prices depend on many factors, including the specific repair, features of the replacement item, local service costs and more.

1.  HVAC

Average lifespan: 12-15 years1

Watch for: Leaky ductwork; uneven temperatures around your home; air not heating or cooling like it used to; higher utility costs without extra usage; system never seems to stop running

Repair costs: $75-$4,2002

Replacement costs: $3,000-$6,0002

23% of homeowners plan to upgrade their HVAC system in the next five years3

2. Roofing

Average lifespan: 15-30 years (asphalt shingle), 20-50 years (metal), 30 years (wood), 50 years (clay or slate tile)4

Watch for: Obvious leaks; ceiling stains that indicate leaks; shingles that are missing, peeling away, cracked or torn; large amounts of grit in the gutters; pieces of shingle falling; sagging between rafters

Repair costs: $200-$7,0005

Replacement costs: $5,727-$12,4105

3. Plumbing

Average lifespan: 25-40 years (PVC), 70-80 years (copper), 80-100 years (brass, galvanized steel)6

Watch for: Leaky pipes or faucets; clogged or slow drains; wet spots on floors, walls or ceilings that indicate leaks from hidden pipes; low water pressure; discolored water; fixtures not working

Repair costs: $100-$7007

Replacement costs: up to $2,000 or more7

4.  Water Heater

Average lifespan: 8-12 years (traditional), up to 20 years (tankless)8

Watch for: Cloudy, sandy or rusty water; lack of warm water or warm water doesn’t last as long; heater noises are louder; low water pressure; leaking around base of unit

Repair costs: $493-$6001,7

Replacement costs: $1,400 (traditional)2 to $5,000 (tankless)7


This content is for informational purposes only. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. Please consult with the professionals of your choice to discuss your situation.

1 “What are the most common home repair costs?” Kristin Luna, SoFi, posted Aug. 23, 2022,   https://www.sofi.com/learn/content/most-common-home-repair-costs, accessed March 20, 2023

2 “How much should you budget for home maintenance?” American Family Insurance, https://www.amfam.com/resources/articles/at-home/average-home-maintenance-costs, accessed March 20, 2023

3 “State of Home Spending in 2022,” Angi.com, https://www.angi.com/research/reports/spending/, accessed March 21, 2023

4 “How long does a roof last?” Samantha Hunter, Samantha Allen, Forbes, posted July 25, 2022,  https://www.forbes.com/home-improvement/roofing/how-long-does-a-roof-last/, accessed March 20, 2023

5 “How much does a new roof or a roof replacement cost? [2023 Data],” Alison Kasch, Ami Feller, Angi.com, updated Nov. 21, 2022, https://www.angi.com/articles/how-much-does-roof-replacement-cost.htm, accessed March 20, 2023

6 “5 Signs It’s Time to Replace Your Plumbing,” Hi-Tech Plumbing & Air, posted April 27, 2018,  https://www.hi-techplumbingandair.com/blog/2018/april/5-signs-its-time-to-replace-your-plumbing/, accessed March 20, 2023

7 “Here’s How Much Common Home Repairs Cost — and How to Budget for Them,” HomeServe, posted Oct. 29, 2022, https://www.homeserve.com/en-us/blog/cost-guide/home-repair-costs/, accessed March 20, 2023

8 “Solved! When to Replace a Water Heater, Explained,” Dan Casarella, BobVila.com, posted Jan. 26, 2023, https://www.bobvila.com/articles/when-to-replace-a-water-heater/, accessed March 20, 2023