Every year homeowners pay thousands of dollars to maintain and repair issues around their houses. Keeping up with a home is not an easy undertaking and one that can easily get out of hand. Recent studies have shown that an average homeowner spends $6000 to $8000 on home repairs and maintenance each year.Â
Regardless of how much you are currently paying per year, or what an unexpected event might bring. It’s best to prepare yourself for what may come your way. There are many ways you can save for your home maintenance and repairs, but the best rule by far is the minimal application of saving a small percentage of the value of your home.
Set Aside 1% of Your Home Value
A great way to get started is by setting aside 1% to 3% of what your home is worth for maintenance and repairs. The number can easily be determined, and the more you are able to set aside the more relaxed you will feel in the years to come.
Maintenance Reduces Repairs
Another great way to make sure you do not pay more, in the long run, is to keep up with a maintenance system. Getting the basics maintained well during the changing seasons can easily cut down on repairs. While they might seem like small and tedious tasks at first, but 30 to 60 minutes every weekend can help you maintain your home.
Monitor Your Home
When it comes to maintaining your home the few things you cannot overlook is your heating and cooling system, serviced regularly can help save a great deal of money. Additionally, getting familiar with the major appliances in your home can keep them running smoothly without a doubt. Followed by regular plumbing and electrical checks, which might seem a little extra but can easily save thousands of dollars.
Furthermore, another way to retain caution is by keeping track of your major appliances. For instance, your furnace will only last from 15 to 20 years if you maintain it well. So when the age starts to close in you will automatically keep the experience in mind rather than have it spring on you out of the blue.
Moreover, you can even do some visual inspections such as taking a look at your roof every couple of months, making sure nothing is damaged or missing. Something small can cause water damage, or become too big of an issue in the months to come. Even the smallest things when repaired on time can save you the heartache of a fully blown repair.
Unexpected costs can bring you down in the worst possible manner, which is why you need a plan that can help you stay afloat. When something goes wrong it takes a toll on your home, along with your mental and physical well-being. So why put yourself through endless stress and anxiety when you can make small adjustments in your life and set a schedule that helps you maintain your home without letting it become a burden.
