In these times, where home repairs are quickly becoming more expensive, it pays to have a home protection plan that covers most major home appliances. The average cost of home repairs has risen about 25% over the last few years. The price of materials, from wood to sheet metal and appliance parts, are constantly rising, and your dollar just doesn’t go as far as it used to. At these times, it pays to have protection that you can rely on.
Can you cover the cost of a repair on one of your major home systems? Find out by looking at the average costs of these common repairs.
Average Furnace Repair Costs
Repair: $479
Replace: $3,300–$6,900
Having your furnace go in the dead of winter, especially if you live in a cold environment, is one of the worst things that can happen to homeowners, often driving them out of the house until it can be repaired. It’s at these times that repairs on a furnace can be the most expensive, as most HVAC companies are busier than ever. Your furnace is one of the best things you can protect in your home, and it’s also one of the most expensive to fix.
Average Water Heater Repair Costs
Repair: $650
Replace: $1,500
While having your water heater die out isn’t nearly as bad as having your furnace die, it still is a nuisance at any time of year. You never realize how much you appreciate hot water, which is essential for doing dishes, cleaning laundry and bathing, until it’s gone. Cold showers are no fun, and water heater repair bills are even worse.
Average Burst Pipe Repair Costs
Repair: $800
Replace (Main Line): $2,000–$3,000
You are responsible for all the pipes in your home. Even if you have a main water line that comes from the city (or goes back to it), once that pipe passes the walls of your home, the repairs are on you. Burst water pipes are expensive to fix, and they are not something you can just leave unrepaired. This is something you will always want covered in your home.
Average Electrical Repairs
Repair: $280
Electrical repairs can be minimal, but they can also run all the way up to thousands of dollars if you need to replace your home’s entire electrical panel. The wires in your home are hidden in the walls, so you never know when something might go wrong with them.
Appliance Repairs
Repair: $200-$500
Replacement: $500-$2000
Your appliances vary greatly in price for repairs and replacement, but they are all susceptible to breaking down, especially if they are old and if you use them a lot. They just don’t make them like they used to, and the average lifespans of ovens, washers and dryers, refrigerators, and so many other essential appliances are decreasing. Don’t be left without the critical tools you need in your cooking and cleaning routine.
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A home warranty plan protects more than your major home systems and appliances. It also protects your bank account from unexpected bills that can drain it to critical levels. Home warranties are affordable, much more so than the average home repairs, so protect yourself with a plan from Everything Breaks today.
