mortgage

Home improvement costs for 5 problems

Home improvement costs for 5 problems
Home improvement costs for 5 problems

Many homeowners are perplexed when they see defects in their homes. If there is a water spot on the ceiling, does it mean a few shingles on the roof need to be replaced? Or does an entirely new roof need to be purchased?

View Today's Lowest Mortgage Rates!

Reggie Marston, president of Residential Equity Management Home Inspections in Springfield, Va., says it is important to thoroughly assess any defects in a home. Call in experts as necessary to help decide whether the repair is a major or minor expense, he says.

"Homeowners should have some method of determining the extent of the problem and how to have it corrected," Marston says.

Relatively common defects -- such as cracks in concrete or worn wooden decks -- may offer clues as to whether they can be solved with a quick, cheap fix, or whether they require a long, costly remodel, Marston says.

Homeowners need to use these clues in order to spend their repair budget dollars wisely.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

David McMillin

CFPB slaps Flagstar Bank with $37.5 million fine

Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bureau's new mortgage-servicing rules.  ... Read more

advertisement
Partner Center
advertisement

Connect with us