Logo

What Are the Average Costs of Common Home Repairs?

8 min read
knowing common home repair costs can help you prepare for the future

No matter how long you’ve lived in your home, there's no escaping the occasional repair or improvement project. From small problems you can fix yourself to major concerns requiring the help of a pro, it takes valuable time and money to keep your house in tip-top shape.

Home repair costs have increased recently due to labor and material shortages and inflation. So, it's critical to research and compare costs. Knowing upfront what you can expect to pay for certain types of repairs and improvements can help you prepare financially and save you a lot of stress.

Average Costs of Common Home Repairs

Average home repair costs vary depending on the severity of the issue, where you live, who you hire, and the current cost of supplies. Knowing the national averages can give you an idea of how much you might need to spend on repair projects. Here are some typical national average cost estimates, according to HomeAdvisor® powered by Angi, and HomeGuide®, national services connecting homeowners with contractors.

Type of Home Repair

Warning Signs

Average Cost*

Roof 

Ceiling stains, leaks, or missing shingles

Minor repair: $150-$400 Moderate repair: $400-$1000
Extensive damage: $1,000-$3000

Full replacement: $5,700-$16,000

Foundation

Cracks on exterior walls, sheetrock, or uneven floors

Cracks: $250-$800 per crack
Leaks: $2,500-$5,000 Settling/sinking: $1,300 Bowed basement walls: $5,000-$15,000

Full replacement: $4,600-$19,400

Siding

Rot, cracks, or mold in the siding

Crack repair: $150-$1,000
Dent repair: $100-$300
Flashing: $200-$500
Holes: $50-$800
Leaks/water damage: $500-$4,000
Mold removal: $500-$1,500
Wood dry rot: $140-$800
Warped siding: $400-$1,500

Full replacement: $4,290 to $15,740

Mold remediation

Mold growth in your home, or you notice new allergies

Mold Removal and Remediation: $15-$30 per square foot; or about $1,500-$3,000 for a 100 sq. ft. room

Termites

Termite droppings or wings, damaged wood, or underground tubes

Termite treatment: $250-$5,000, depending on type of termite and treatment method used
Termite inspection: $75-$150
Termite bond (annual inspections and treatments if infestation is detected): $500-$,2000

Termite damage repair: $3,000 (recommended to wait until infestation is completely resolved)

Water system

Water softener, filter, or purifier stops working

Water softener inspection: $40-$80
Water softener repair: $150-$600
Full system replacement: $700-$3,000
Whole-house water filtration installation: $850-$5,400
Under sink installation: $170-$580
Well-water filtration system Installation: $800-$4,000

Water heater

Water leaking from tank, unusual noises, no hot water

Repairs: $600 for repairs
Water heater installation (tank): $600-$1,800
Water heater installation (tankless): $800-$3,500

HVAC

Blowing warm air or not blowing cool air, higher energy bills, persistent noises, abnormal odors

AC repair: $150-$650 Furnace repair: $125-$480
Furnace cleaning: $70-$300
Furnace replacement: $2,000-$5,400
High-efficiency furnace installation: $3,300-$10,000
HVAC system replacement: $5,000-$11,000
HVAC system installation with ductwork: $7,000-$16,000

Septic system

Toilets and drains stop working, or you notice unpleasant odors

Septic tank repair: $626-$2,934
Septic tank installation (conventional): $3,280-$5,400
Leach or drain field full rejuvenation: $1,000-$5,000
Leach or drain field full replacement: $3,000-$15,000

*Costs shown are typical average cost estimates (as of July 2023) across all homes nationally from HomeAdvisor®, powered by Angi, and HomeGuide, national services that connect homeowners with contractors, and may not accurately reflect the actual costs in your city, state, or region.

Common Repair and Home Maintenance Costs

A little prevention and maintenance can help you avoid costly repairs, however some common home repairs can catch you by surprise.

Garbage disposal repairs

A leaking, clogged, or odd-sounding garbage disposal could be a sign that it’s time to call a plumber or buy a new unit. A repair can cost around $70 to $700, depending on the job. For costlier repairs, you might consider replacing the whole unit. Buying a new garbage disposal and paying a professional to install it can cost around $70 to $550.

Bathroom repairs

It can cost $237 on average to clear a clogged drain or several hundred to replace a standard sink or toilet. Larger projects, such as refinishing a bathtub, can cost around $481.

Leaky drains

On average, plumbers charge around $45 to $200 per hour to inspect your home and fix leaky drains. Depending on the location of the leak, it may take several hours to find and repair. But some plumbers offer a flat-rate fee for basic services, such as repairing leaking kitchen sink faucet.

Electrical work

Electricians typically charge from $50 to $100 or more an hour, depending on their experience and where you live. Some charge an initial call fee. A new outlet or switch could cost around $150 to $200, while upgrading an electrical panel could set you back about $1,100.

Grout cleaning and sealing

It’s good practice to have your grout cleaned and resealed every few years, which costs about $0.50 to $3 per square foot, with an average price tag of $474. Removing and replacing old grout can cost about ten times as much.

Cleaning out gutters

You may need to clean your gutters several times per year. Unless you can do it yourself, costs can range from $0.70 to $2.50 per linear foot, with higher fees for two- or three-story buildings. On average, gutter cleaning for a single-story home costs around $70 to $250.

Repairing a deck

Deck repair costs depend on the material and where you live, with an average cost of $2,018. Some minor repairs can cost as little as $100.

Tree removal

It can cost an average of $750 to get a tree removed from your property, although it depends on the size and age of the tree, and how difficult it is to access. Fees for stump and debris removal are usually extra.

Interior painting

Painting the inside of your home can cost around $2 to $6 per square foot for materials and labor, depending on the paint you choose and the height of your walls. A bathroom may only cost you $150 to $300, while a living room can run between $900 and $2,000.

Exterior paint jobs

The national average cost to paint the exterior of a 1,500 square foot home is $3,094, but that number could rise to $9,000 for a three-story house. Regardless of the number of stories or size of your home, the cost to paint the exterior of your home generally ranges from $1.50 to $4 per square foot.

Factors That Impact Home Repair Costs

Average costs for home repairs are a good starting point, but there are a few other factors to consider when determining how much your home repair project might cost.

Where you live.

Where you live can impact labor costs and the types of repairs to account for in your home maintenance budget, particularly if you live in an area with a high cost of living.

Availability of supplies.

Shortages can drive up the cost of the basic building materials you may need for home repair projects. If delaying the repair won’t create a larger problem later, it may make sense to wait to see if prices come back down.

Who you hire.

If you have time, get quotes from several professionals to compare services, licensing, and get price estimates. Ask around in your community (neighbors, friends, social networks), for referrals and recommendations before deciding, and check online reviews from past customers. Remember, the lowest price isn’t necessarily the best option if the work is subpar.

If you’re handy, a DIY approach can save you money on some home repair projects. But larger repairs, like electrical or plumbing work, might be better left to professionals.

Condition and age of your home.

Older homes may require more maintenance and repairs than newer homes. Research the average lifespan of your appliances, fixtures, roof, and other parts of your home to help estimate potential repair costs.

4 Benefits of Paying for Home Repair Costs with a Personal Loan

Credit cards can be a convenient way to cover unexpected repair costs, especially if you can earn rewards and pay off the bill quickly. But for larger repairs and renovations, a personal loan can be a smart way to make improvements at a competitive, fixed interest rate.

Here are four reasons to consider a personal loan for home improvements.

1. You can check your rate without hurting your credit.

You can check your potential loan terms online with a soft credit pull—which doesn’t impact your credit scores. It only takes a couple of minutes, and you can use the information to compare loan offers among lenders.

2. You can receive your money quickly.

If you are approved for a home improvement loan, you could receive your funds fast with LendingClub Bank.

3. You don’t need collateral or equity.

Unsecured personal loans are based on your creditworthiness, not your home’s value or how much equity you have. And, unlike with some home equity loans and lines of credit, you don’t need to wait or pay for a home appraisal or risk losing your home.

4. You don’t have to worry about prepayment penalties.

LendingClub Bank’s home improvement loans have no prepayment penalties, which means you won’t incur a prepayment fee if you decide to pay your loan off early.

The Bottom Line

Average home repair costs can vary significantly depending on the nature and severity of the issue. Understanding costs can help you prepare for how you want to pay them, whether from your emergency savings, a home improvement personal loan, or another way.

It’s important to research all your options to ensure you’re getting the best price without sacrificing quality work. To save money, consider doing the small, basic repair projects yourself.

Average Home Repair Costs FAQ

How much does it cost to repair a home?

Home repair costs can depend on a variety of factors, such as the type of repair, where you live, and whom you hire. A minor repair might cost less than $500, while most major repairs cost several thousand dollars.

What are the most expensive repairs on a home?

In most cases, repairing your home's foundation or roof replacement are the most expensive home repairs. Mold removal, fixing water damage, and replacing major appliances or fixtures (like air conditioning units and septic systems) can also be pricey.

Which type of financing is best for home repairs?

The type of home repair can affect which type of financing is best. A credit card, for example, might make sense for minor repairs, while a personal loan could be a better fit for repairs that cost over $1,000. If you’re investing in a major home improvement, a home equity loan could offer lower rates.

No matter which type of financing you’re considering, compare rates and offers from several lenders to find the best option.

Should you use your savings to pay for home repairs?

If you can afford it, using your savings could be the best way to pay for home repairs. But depleting your emergency fund entirely could expose you to other financial risks. If you don’t have the cash or want dip into your savings, a personal loan can help you gain access to the funds you need.

How much should you set aside for home repairs?

You should consider the age, condition, size, and location of your home when budgeting for home repair projects. However, experts recommend setting aside 1% to 2% of your home’s value each year for home repairs.

Check Your Rate

You May Also Like

Related Resource Center
Find a loan that not only meets your needs, but one you have a good chance of qualifying for.
Apr 17, 2024
6 min read
Personal Loan Eligibility Criteria You Need to Know Before You Apply
Want to consolidate high-interest debt, renovate your home, or manage an unexpected expense? A personal loan could help.
Sep 25, 2023
7 min read
Top 4 Reasons to Get a Personal Loan
It's common to see the buy now, pay later payment option at online checkout — but should you use it? Learn what BNPL is, how it works, and alternatives for borrowing money.
Aug 22, 2023
5 min read
Woman's hands on keyboard of laptop displaying image of shopping cart and buy now, pay later text
Anytime the Federal Reserve decides to raise interest rates, it typically creates a ripple-effect throughout the economy. We take a look at some of the ways rising rates influence how you borrow and spend, and the impact rising rates can have on variable rate debt you may be carrying.
Jul 17, 2023
7 min read
Torso of woman wearing pink sweater sitting at paper-strewn desk with phone in hand and using calculator.
Whether you're completing a large home improvement project or paying down high-interest rate credit cards—a personal loan can give you the boost you need to reach your financial goals.
May 21, 2023
12 min read
Where to Find the Best Personal Loans in 2022
Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Nov 13, 2022
2 min read
blog header stackit 765x430 v1-1
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Oct 2, 2022
5 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Afforda
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four million members who have chosen LendingClub as their partner to help them reach their financial goals.
Apr 19, 2022
2 min read
Illustration of large number 4 and letter M made up of colorful, tiny illustrations of ethnically diverse people
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank. 
Mar 6, 2022
less than a minute read
Blog-post
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.  
Jan 2, 2022
2 min read
Man in blue button up shirt and glasses smiling
Related FAQ's
To qualify for a lending product with LendingClub Bank, you must...
Jun 7, 2023
less than a minute read
Our process is fast—most members are approved within a few hours. The exact turnaround time you’ll see for your application will depend on your unique details.
Jun 7, 2023
less than a minute read
It depends on how you plan to use your loan.
Jun 7, 2023
2 min read
Your annual percentage rate (APR) is the overall yearly cost of your loan, including fees and interest. The APR on LendingClub Bank loans ranges from 6.34% to 35.89%.
Jun 7, 2023
less than a minute read
If you're ready to pay off your loan, congratulations! That’s a big financial step.
Jun 7, 2023
less than a minute read
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
Sep 6, 2023
4 min read
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
Mar 21, 2023
4 min read
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Mar 21, 2023
3 min read
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
Feb 7, 2023
3 min read
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Feb 4, 2023
3 min read
Change Your Money, Change Your Life
Join our monthly newsletter for tools, tips, and insights to improve your financial health.
  

LendingClub Bank and its affiliates (collectively, "LendingClub") do not offer legal, financial, or other professional advice. The content on this page is for informational or advertising purposes only and is not a substitute for individualized professional advice. LendingClub is not affiliated with or making any representation as to the company(ies), services, and/or products referenced. LendingClub is not responsible for the content of third-party website(s), and links to those sites should not be viewed as an endorsement. By clicking links to third-party website(s), users are leaving LendingClub’s website. LendingClub does not represent any third party, including any website user, who enters into a transaction as a result of visiting a third-party website. Privacy and security policies of third-party websites may differ from those of the LendingClub website.

Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, and loan term length.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,584 for a term of 36 months, with an interest rate of 10.29% and a 6.00% origination fee of $1,190 for an APR of 14.60%. In this example, the borrower will receive $18,663 and will make 36 monthly payments of $643. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 9.57% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of July 11, 2024 and are subject to change without notice.

Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.  

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. ​Deposit accounts are subject to approval. Only deposit products are FDIC insured.

“LendingClub” and the “LC” symbol are trademarks of LendingClub Bank.

© 2024 LendingClub Bank. All rights reserved.