This is a fun one. Composite wood paneling may have been all the rage in the 60s and 70s, but unless it’s still in perfect condition and painted white, it’s probably an eyesore. Popping off this decorative paneling can take minutes, and is seriously satisfying. Just be ready: you never know what condition the wall is in underneath. Be prepared to do a little plaster repair and, of course, repaint. Click here to learn how to prepare a wall for painting.

Quick-setting drywall compound lets you finish small repairs and fill deep holes in minutes instead of waiting days for premixed joint compound to dry. The small boxes are available in most home centers and paint stores are also easier to store and more likely to get used up than large bags or buckets. Click here to learn how to hang drywall like a pro. Click here to buy drywall compound on Amazon now.
Depending on where you live, national averages can seem like a steal. Rene Artale’s four-bedroom house near Newcastle, in Westchester County, N.Y., suffered some damage during a storm last winter. A tree fell in the yard, damaging her fence, arbor and retaining wall. And heavy snow caused her roof to leak. The repair bills just kept piling up. Removing the tree, $3,800. Repairing the wall, $4,000. Fixing the roof, $3,800. Fixing the picket fence, $2,800. “It’s obscene,” Ms. Artale, 47, said.
How to DIY it: This job can be messy, so protect nearby surfaces by covering them with plastic or cardboard. Spray the springs with garage door lubricant (about 
$7 at home centers). Don’t use oil, grease, or other lubricants. They may be cheaper, or you may have them on hand already, but they won’t work as well and tend to pick up dust and grit—just what you don’t want on moving parts.
If you don’t cover paint chips with touch up paint, they’ll rust and then you’ll have a much bigger problem on your hands. The actual touch up is easy. Just buy touch up paint, fine tip paint applicators and wax and grease remover from any auto parts store. Clean the chip with the wax and grease remover and let it dry. Then dip the applicator in the paint and dab it onto the chip. Don’t add too much or the paint will drip. Let it dry completely and apply wax after 30 days. Get the full guide to using auto touch-up paint here.
A 2018 HomeAdvisor survey found that homeowners underestimated the cost of fixing or updating just about everything in their homes. When it came to interior painting, for example, survey participants estimated the work would cost $734. But the national average is $1,744. One of the few items they overestimated was a new toilet — the average is $370, not $405.
If you can say the same, that’s great! But be sure to take steps to replenish the funds quickly. Unfortunately, repairs can come at any time—even one right after another. So you’ll want to be ready. If you are thinking about doing other renovations in addition to your emergency repairs, use SoFi’s Home Project Value Estimator to find out the resale value of your project.
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