For most people, a home is one of the most valuable assets they'll ever own. Unfortunately, there are some major perils that can befall a house and put a serious dent in the value of that asset. Many of these perils are much more insidious than a fire or natural disaster. Read on to learn about some of the most expensive damage that can occur in your home, how much it costs and how to avoid it.
Sewer Line Problems
The portion of the sewer line that extends out from a home and onto city property is often the homeowners' responsibility when it comes to repairs. Sewer line problems are most common in older neighborhoods, where the line may have sagged or has been damaged by tree roots. If you have slow running or gurgling drains, frequent backups in your plumbing system or sewage smells outside your home, these may be indications of a problem. Again, your home insurance policy may cover this cost, expect this doozy to cost anywhere from $5,000 to $15,000 for a 100-foot sewer pipe.
How to prevent it: If you experience signs of sewer problems in your home, have a professional inspect your lines. Clogs and tree roots can often be removed at a lower cost, without complete replacement of the pipe.
The Bottom Line
With careful inspection and proper maintenance, you can avoid many of the worst perils that can befall your home -- or at least fix them before they become so expensive. Homeowners should also create an emergency fund to pay for unexpected home repairs.
For most people, a home is one of the most valuable assets they'll ever own. Unfortunately, there are some major perils that can befall a house and put a serious dent in the value of that asset. Many of these perils are much more insidious than a fire or natural disaster. Read on to learn about some of the most expensive damage that can occur in your home, how much it costs and how to avoid it.
Sewer Line Problems
The portion of the sewer line that extends out from a home and onto city property is often the homeowners' responsibility when it comes to repairs. Sewer line problems are most common in older neighborhoods, where the line may have sagged or has been damaged by tree roots. If you have slow running or gurgling drains, frequent backups in your plumbing system or sewage smells outside your home, these may be indications of a problem. Again, your home insurance policy may cover this cost, expect this doozy to cost anywhere from $5,000 to $15,000 for a 100-foot sewer pipe.
How to prevent it: If you experience signs of sewer problems in your home, have a professional inspect your lines. Clogs and tree roots can often be removed at a lower cost, without complete replacement of the pipe.
The Bottom Line
With careful inspection and proper maintenance, you can avoid many of the worst perils that can befall your home -- or at least fix them before they become so expensive. Homeowners should also create an emergency fund to pay for unexpected home repairs.