Managing your home maintenance can be challenging. But doing it right can save you big money in the long run.
As a homeowner, you’re responsible for many costs, from property taxes and insurance to mortgage payments and DIY projects. But there are other, sporadic expenses that can derail your budget.
- Create a Maintenance Checklist
Home maintenance tasks like gutter cleaning and replacing air filters may seem simple, but they can help cut costly repairs down the road. These types of activities are usually easier to do before the problem gets worse, so it’s important to stay on top of them.
Creating a maintenance checklist is a great way to ensure compliance, keep a detailed record of home maintenance activities, and boost productivity throughout your preventative maintenance program. With doForms, you can create a customized maintenance checklist, as well as access an extensive library of templates.
- Set Aside Money
A home maintenance budget is a key component to successful homeownership. However, figuring out how much to set aside can be tricky.
Many experts agree that homeowners should save about 1% of their home’s value each year for repairs and replacements. However, this figure can vary based on your location and the age of your house.
It’s also a good idea to track your spending on maintenance tasks over time so that you can adjust your savings amount accordingly. This will minimize the chances of you being hit with unexpected costs that could put your finances in jeopardy.
- Prioritize Your Tasks
Everyone handles tasks differently, but learning to prioritize can make it easier to manage your time. It also helps you avoid costly mistakes, such as putting off maintenance and repairs.
Start by listing all the tasks you need to do. Next, circle the ones that are most important. This method will help you overcome the Completion Bias and focus on work that brings real results.
When deciding which tasks to prioritize, consider how much time each will take. This will be especially helpful if you work as a freelancer.
- Don’t Skimp on Quality
Home maintenance may not be as fun as renovating a room on HGTV, but it’s an essential part of homeownership. Not only does it help your house look better, but it can also save you money in the long run on expensive repair bills.
However, you don’t want to skimp on quality in the name of saving money. For example, a little dry rot can turn into a collapsed deck, and skipping regular cleaning of your dryer vent could result in a fire. So be sure to shop around for the best prices on tools and materials and don’t settle for subpar work from contractors or DIYers.
- Don’t Try to Fix Everything
As a homeowner, it’s important to avoid trying to fix everything that breaks. It’s not only expensive but can be wasteful. For example, if your dishwasher breaks, try to figure out what caused it to break rather than simply replacing it. In Dallas, appliance repair is a nuisance and a lot harder than most homeowners assume. It will likely take a professional’s help to properly get it fixed.
Collins recommends preparing a maintenance checklist to track your progress and prevent issues like rust, rot, mold, insect infestations, leaking pipes, ice dams and water damage. She also suggests filing an inventory and updating homeowners insurance coverage to save money in the event of a disaster.
Smaller jobs like cleaning gutters and changing air filters could be a DIY project, but larger projects or electrical work should be left to the professionals.
- Don’t Overspend
As a homeowner, it is important to avoid overspending on home maintenance tasks. While performing DIY home projects may help you save money, it is always wise to enlist the services of professionals when necessary.
For example, a little dry rot or clogged drains could turn into a major home repair if you try to handle them on your own. Also, certain tasks like gutter cleaning or electrical work should be left to professionals.
Home maintenance tasks aren’t a lot of fun, but they are an inevitable part of homeownership. With a few simple tips and the right tools, it’s possible to manage your home maintenance costs on a budget.
- Hire Professionals
Home maintenance costs can be unpredictable. Having a general savings plan in place will help you manage these expenses. It is generally a good idea to save around 1 percent of your property’s value per year.
Home Maintenance Professionals
Using professionals for home maintenance tasks can save you time and money. They have the expertise and tools needed to complete the task quickly and efficiently. They also know how to avoid costly mistakes, such as using the wrong cleaning products.