It’s no secret that property maintenance costs can be pretty high, not to mention the frustration that most new homeowners feel when they discover that property maintenance often adds up to more than one percent of the home’s value per year.
So, in this article, we’ll delve into some tips and tricks you can consider to drop property maintenance costs without compromising the care and attention your property needs.
Invest in a Home Warranty Plan
Home warranties are often overlooked by homeowners as an extra cost that could instead be avoided.
However, this service plan will help you keep up with the costs of servicing and repairing major home systems and even home appliances.
Instead of enduring these costs out-of-pocket, choose a home warranty that suits your budget. You’ll also be pleased to know that a home warranty adds value to your property.
Opt for the DIY Route Where Possible
Instead of having service providers handle all home maintenance tasks, handle some of these chores yourself. But be advised, DIY home maintenance is only suitable for safe chores.
With this, you can clear out the gutters at the end of each season, tend to the yard, unclog drains, mend leaky toilets, patch up surface wall cracks, and even repaint when necessary.
You’ll save a small fortune each year by handling some maintenance chores on your own.
Perform Preventative Maintenance
As the iconic saying goes, “prevention is better than cure,” and this can also be applied to home maintenance.
Instead of only focusing on repairs, consider performing preventative measures that help you avoid the costs of repairs.
Preventative maintenance measures include changing air conditioner and fire furnace filters routinely, avoiding water leaks with caulk, clearing out gutters, and keeping your home clean.
Create a Maintenance Schedule
It’s crucial to create a maintenance schedule that breaks up annual chores into seasonal priorities.
You can further break up chores to complement your budget and complete tasks once a month that will cost you money while prioritizing DIY chores for weekends.
Use Service Providers You Trust
It’s never wise to choose just any repair and maintenance service to work on your home, regardless of the problem; the wrong service provider might not be registered or experienced, and they could cause extensive property damage.
Only opt for a trusted property maintenance provider to prevent this unnecessary extra cost.
Buy Home Insurance
Home insurance can protect your pocket from repair costs from unpredictable damages, like fire, lightning, and even hail storms.
But be advised that all home insurance plans are not the same. So, compare deals and assess coverage options before buying a policy. Additionally, it’s also important to compare home insurance rates annually.
Keeping up with home maintenance will be an extra cost, but it’s crucial that you keep up with these tasks to keep your property in good condition over the years. Neglecting property maintenance is the quickest way to degrade the value of a property.
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