Keeping up with all the tasks associated with owning a home can seem impossible. Especially when it comes to home maintenance. The to-do list often seems endless. However, this is one list you don’t want to ignore as maintaining your home can actually save you money.
The last thing any homeowner wants to do is deal with costly surprises; but that is just one of the many consequences of neglected home maintenance. Without regular upkeep, damage to your home may occur, which in turn can have a negative impact on your overall property value.
Fixing things before they fall apart is far more cost effective than trying to salvage them after they break. Overall, the more you take care of your home, the less you will spend in the long run and the more it will hold its value.
Although there is no single strategy for planning and organizing the maintenance of your home, there are a variety of tips and tricks to help ensure your preventive maintenance gets done—before significant replacements blindside the family budget.
- Set aside a cash reserve that’s used strictly for home repair and maintenance. Experts recommend budgeting about one to three percent of your home’s initial cost. That means owners of a $500,000 house should plan to budget $5,000 to $15,000 per year for ongoing upkeep and replacements. Of course, some years, routine tasks are all that’s needed and your total expenditures may be much less. Other years may include major replacements, such as a new roof, which may cost more.
- Be proactive. The key is preventing small problems from becoming big issues. Inspect your home regularly. Go through it top to bottom, noting what needs to be done and which are immediate priorities. If you’re not sure what needs to be done, hire a professional inspector to point out quick fixes and potential problems.
- Create a checklist that can be updated as you go. Whether it’s written down or typed into a spreadsheet, keep track of what you’ve done — and what still needs to be done.
- Keep a record of all your home repairs and improvements — from new paint to new pipes. Those documents help justify the value of your home when it’s time to sell. A maintenance record also proves repairs and replacements for systems, such as wiring and plumbing, which might not be readily apparent.
- Hire a home maintenance service. At Luxury Home Solutions, we work closely with homeowners to develop comprehensive and preventative maintenance programs designed to keep the home in pristine condition all year long. We initiate this process with the 60-point Preventive Maintenance Survey, which thoroughly covers the interior and exterior of the home. Based on the survey’s results, Luxury Home Solutions makes recommendations for repairs and suggests a schedule for preventive maintenance and inspections.
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A house with chipped or fading paint, a leaky roof or worn tile faces an uphill battle when it comes time to sell. Not only is it at a disadvantage in comparison with other similar homes that might be for sale in the neighborhood, but a less-than-beautiful appearance is bound to turn off prospective buyers.
For the Southwest Florida homeowner, all it takes is one phone call to Luxury Home Solutions and all of your home maintenance needs are met.