Come here often? Make your homepage » close


Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

Most Shocking Costs When You Can't Sell Your Home

1. Leaking, Broken, or Burst Pipes

Average Costs: $8,000-$70,000

Why it can’t wait: water damage, flooded basement

Depending on where a house is located, a lot of things can go wrong with plumbing. Metal pipes can have small cracks or leaks, or a cold snap can cause pipes to freeze and break. Widespread rusting can create the need to replace large sections of plumbing at a time. Because of the potential for water damage to a property, mold, and rot, this is not a repair that can be put off. According to separate estimates from plumbing contractors, total costs of re-piping a standard home with copper pipes can run from anywhere between $2,500-$15,000. According to State Farm, the average cost of a claim for broken pipes from freezing is $15,000. Costs of this nature can be much higher. If pipes burst while no one is home, the basement could be completely flooded by the time a problem is identified. Having a plumber come over on short notice, in addition to replacing the carpeting and other water damage, can result in a worst-case scenario of as much as $70,000.

(iStock Photo)

More From 24/7 Wall St:
10 Brands That Will Disappear in 2012
The American Cities With The Most Millionaires
The 9 Foods That Government Is Paying For You To Eat

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback