7 Ways to Reduce Your Home Maintenance Costs

7 Ways to Reduce Your Home Maintenance Costs

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Having a home of your own gives you an unparalleled sense of tangible independence and freedom. There is no landlord or anyone unwanted to impose their rules and get on your nerves. When it's yours, you are the king of the castle. Aside from standard neighborly etiquette and common sense of conduct, all else is allowed and up to you. Until the dreaded "but" comes into play. Being a homeowner is a costly, unpredictable, and multidisciplinary job. Although apartment owners have it somewhat easier than house owners, they too have to consider their property upkeep. But if you would kindly follow along, we will try to help you navigate that rocky road with these seven ways that might help reduce your home maintenance costs.

1. Account for the upkeep

Right from the start, any good property manager should tell a homeowner that the annual upkeep for a property is about one percent of the price of the real estate they own. In other words, if your home is appraised at 200.000 dollars, you should count on setting aside two thousand dollars on average to keep it maintained every year. Though keep in mind that that's the average your home maintenance will cost. There may be situations where your spending will need to be much more due to unexpected circumstances. So it would be best if you considered putting that one percent aside even when there are no problems to deal with. That way, your problems won't be so dire if there comes a need for some work to be done.

2. The DIY of your home maintenance

Sometimes there are things we can manage around the home on our own. Though you might have your repairman on speed dial, consider making an effort when it comes to minor home fixes and services and saving some money in the process. It's not implied that you'll need a hard hat, power tools, and a building plan all of a sudden. But changing a light bulb or two, unclogging the drain, or some other type of easy repair is something you can absolutely do by yourself. In case you lack the knowledge and experience on what to do, you can always find a lot of tips and tricks online, follow along with the tutorials, and you'll be just fine.

3. Call a professional

Although your skillfulness in fixing things around the home is praiseworthy, you are always advised to respect your limits and the extent of the problem you are dealing with. Sometimes the wisest thing is to delegate it to a professional if you're having second thoughts about whether the problem you want to solve is too complicated and dangerous for you to do. You haven't done anything if you made the problem worse and costlier than it originally was. And even worse than that would be putting yourself in harm's way.

The right professional for your home

Also, be sure that the guy or the company you called to service or fix something in your home is licensed, registered, and has good reviews of their past work from their customers. You can contact them through your property manager if you have one. Many unskilled and untrained handymen, servicers, and general contractors falsely advertise themselves. They will perform a questionable repair of that for which you had called them to fix.

They will probably bill you way above the market value, and you might not even get a receipt. And usually won't be further available for any complaints, reclamation, or refunds.
So it's highly recommended that you go with a reputable and recommended company.
At first, it might seem that they are pricier and that the work they need to do can be done by someone less qualified. But when they're done, you won't have to worry about that problem anytime soon.

4. The maintenance of your home

One of the ways you can save yourself a lot of money and keep things working as they should throughout your home is by being diligent when it comes to check-ups and maintenance.
That means keeping an eye on all your installations, appliances, and everything prone to wear and tear. Pretty much everything that might become a problem in the future due to frequent use and exploitation.
Also, try not to be negligent about the regular service intervals for all your installed appliances. Some of them are:

  • AC and HVAC units
  • Water heaters
  • Gas boilers

Add to that anything else installed in your home that requires maintenance on regular bases. It is much cheaper to call your servicer for a routine check to see if everything is working correctly, or maybe some minor tweaks are needed, rather than when an extensive repair is necessary. Then both the price and the work needed might have considerably increased.

5. Be ready for the season ahead

Depending on where you live and whether you own a house or an apartment, you should plan for the seasonal challenges for the comfort and functionality of your home beforehand. For example, if you use a fireplace during the winter months, consider having your chimney inspected a couple of months before you need to use it. That way, you won't be unpleasantly surprised when your fire-starting plans get foiled by last year's build-up in your chimney on the first cold day of the season.

6. Sharing your space and your expenses

If you find yourself financially struggling to properly maintain your property while having some extra space within it. You might consider sharing your home with someone. Whether it's just one room in your apartment or a separate segment of your house. It's a good solution for helping you reduce your home maintenance costs and bills. And maybe even a way to earn some money on top of it. You probably think combining two households is not for you, or it's too demanding to pull off. But actually arranging this can be simple if you are willing to consider it as an option. Of course, this situation comes with some compromises. They will depend on the type of real estate you'll be sharing and how many people you will be sharing it with. And you should factor in all their habits and needs. But as long as everyone is on the same page, it's an arrangement that can work to everyone's benefit.

7. Being mindful of how you equip your home

We are frequently reminded to conserve energy and natural resources. This is very beneficial for our planet and environment. Companies incentivize us with higher water, gas, and electricity bills to speed up getting people greener.

Here is a piece of advice regarding that situation and the ever-growing price of utility bills. You would be wise to initially invest in more energy-efficient appliances and equipment for your home to reduce your home maintenance costs. However, be aware that those will cost more, but they will be more energy and time efficient and longer-lasting. And they will pay off that price difference in no time.

Experience The Difference

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