When that happens, all you can do is pay up, as happened with Jason Hark and Kenneth Larivee. In 2016, the couple got hit with a $28,000 assessment to replace the siding on their West Orange, N.J. townhouse in a condo association. This cost came on top of their $610 monthly association fee. After speaking with siding companies, Mr. Hark estimated that if his unit had been a stand-alone property, the project would have cost closer to $7,500. “But we couldn’t fight it,” said Mr. Hark, a director at WCBS-TV.
When a home is sold, inspections are performed that may reveal environmental hazards such as radon gas in the basement or water supply or friable asbestos materials (both of which can cause lung cancer), peeling or disturbed lead paint (a risk to children and pregnant women), in-ground heating oil tanks that may contaminate ground water, or mold that can cause problems for those with asthma or allergies. Typically the buyer or mortgage lender will require these conditions to be repaired before allowing the purchase to close. An entire industry of environmental remediation contractors has developed to help home owners resolve these types of problems.
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.
Though it can seem intimidating, installing your own batting installation can be easy, and take just a few hours if you isolate the need to a few key spaces. Have a drafty attic? Start there. Concerned about a freezing crawl space? Throw on your work jeans and get to work. These insulating spaces will instantly feel warmer and you’ll notice the savings on your next heating bill. Read how to install insulation here.
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.