COST OF REPAIRS
and Life Expectancy of Components
Repairs, found by your inspector, will likely vary widely. Costs vary depending on time of year, location and neighborhoods.
Costs also vary due to non-visual damage can be found once the contractor has begun to affect repairs. One other caution, as much as it is sad to say, there are unscrupulous contractors who return estimates with un-needed or unwarranted work attached. More than one bid, from reputable contractors is recommended. You are cautioned that estimates vary widely…there is no substitute for actual bids for a contract who is willing to perform the repairs properly.
Choose contractors wisely. It is a conflict of interest for inspectors to make any recommendations and we suggest getting bids from at least three different companies.
As with anything, there is usually a reason a company charges significantly less than others. Companies that have been in business and have a good reputation generally tend to cost a bit more.
National Association of Home Builders /
Bank of America Home Equity
Study of Life Expectancy OF Home Components 2007
The National Association of Homebuilders has recently completed a study indicating the probable life span of the various components in a residential structure. This can be helpful for you in planning your future expenses.
Based on experience, I do not agree with all of them, but they are a good basis point to start at. Estimates are in Years.
11. FRAMING &OTHER STRUCTURAL SYSTEMS
14. INSULATION & INFILTRATION BARRIERS