Follow Us: Google+
 
Bankrate.com

mortgage

Home improvement costs for 5 problems

Home improvement costs for 5 problems
Next
1 of 7

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?

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
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. 6 tips for successful yard sale
  2. Nick Nolte's house for sale
  3. Social Security traps to avoid
  4. 7 sedans for the young at heart
  5. 8 eerie ghost towns
  6. 10 cars for a midlife crisis
  7. 5 car models that lose value
  8. Headlight requirements by state
  9. Ali Landry's house for sale
  10. 9 gas-only, fuel-efficient cars
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
Another indicator of an improving housing market: Realtor income is up.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.