How to Prevent Home Maintenance Costs From Hurting Your Finances

There are a lot of advantages to be gained from purchasing a home. For one thing, you’re no longer throwing money away on rent – instead, every mortgage payment helps you to build equity in an asset that you can one day sell for a profit (market allowing). And the money and time you put into fixing the place up will not only help to create a beautiful home for you and your family to live in, but it also stands to show a return on investment down the line. You can also improve your credit rating, get a tax write-off for mortgage interest, and enjoy several other benefits associated with homeownership. But there are a few chores you’ll have to deal with, as well, and keeping your home in good repair is at the top of that list. This means you’ll have several regular maintenance tasks to perform if you want your home to remain in good, working condition during your tenancy. And this can cost a pretty penny, especially if you’re lax or you don’t anticipate costs. Here are just a few ways that you can prevent your home maintenance costs from eating into your budget and hurting your finances.

Prevent Home Maintenance Costs In truth, there is one really simple way to keep your home in ship shape without breaking the bank: you have to plan for maintenance costs. And although you cannot necessarily predict when issues like leaks, cracks, and termite infestations might occur, there are quite a few maintenance tasks you can be aware of and attend to on a regular basis as a way to prevent major problems from cropping up and ruining your carefully planned budget. For example, you know that your roof is likely to deteriorate over time, and you know this because it has a limited warranty. A new, shingle roof may come with a 10-20 year warrantee, but with proper maintenance it could last a lot longer. This means getting up on the roof annually to clean the gutters and downspouts, look for peeling, cracked, or missing shingles, and check for issues with flashing or caulk. You’ll need to do an inspection in your attic, as well. And while you can certainly hire a professional for the task, many homeowners can also do this on their own as a way to cut costs. You may just have to hire a pro for repair work as needed.

Other annual maintenance tasks are not that difficult to figure out, either. For example, you’ll want to have your HVAC system, including your furnace and air conditioning unit serviced by Alek Air on a yearly basis, and you should have your water heater flushed each year, as well. You need to make sure smoke alarms and fire extinguishers are in good working order in case of a fire. And if you want to prevent carbon monoxide poisoning in your home or radon incursion, installing sensors is a good idea (although this is more for maintaining the health of your family than the state of your structure). You should also keep an eye out for insects, rodents, and other pests, and perhaps even hire pest control to spray on a semi-regular schedule.

Of course, there may be tasks particular to your house, like pool maintenance, for example. But the point is that you need to keep a close eye on your home, perform maintenance tasks regularly, and treat any issues that are out of the ordinary as they arise. When you start to see water stains on the ceiling, don’t just paint over them; call in a plumber to check it out. It may cost you some money to fix such a problem, but not nearly as much as if you let it go.

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