Most of us can easily feel that home maintenance is an unending task. A home is a great investment and as a homeowner, you have a big job of maintaining the property. Maintaining your property has myriad of benefits. To start with, property maintenance saves you money. It keeps your assets working at their best. It also prevents large-scale repairs that are often too costly. Maintaining your property improves the safety of your property, and in the end, you avoid unnecessary lawsuits. A property owner needs to be proactive rather than reactive in carrying out maintenance around their property. They will engage the services of professional maintenance contractors to deliver high-quality services and save cost in the long-term. Here are some of the proactive home maintenance tips that will, in the long run, see you save thousands of dollars.
1. Annual Inspections by a Contractor
Property inspections are common when we purchase a property, but most people do not consider it as an option during normal home maintenance. Many times a contractor can see what is needed or will be coming up for repair long before a typical homeowner. These annual inspections provide viable information to the homeowner of what items to address, anticipated costs and order of priority. Also, the contractor will document the condition of your property, improve owner liability, and validate the insurance policy. This is why at Fresh Start we provide free annual inspections up to 5 years to all of our customers who have completed a job with us. This ensures that we are not only servicing the customer well during their project, but we continue to look out for their best interest in the future.
2. Plan ahead for repair, replacement, and renovations
It is said that the average home repairs and improvements take between four and eight months. Nonetheless, some projects may be minor or significant and thus the time may differ. However, a smart homeowner needs to plan ahead for property maintenance as this minimizes emergency repairs and surprise costs. It lets you decide what you want, gets estimates from your contractors, helps you determine a budget, and sign maintenance contracts
3. Consider a home warranty if cash is tight
A home warranty protects your property’s major appliances and systems as they get old. This saves you money when they break unpredictably. Some appliances in your property may be too costly to repair when they break. All you need to do is to pay an annual premium which varies with the size of your property every year you want to be covered. In the US for example properties of up to 5000 feet in size fall under the standard warranty. Additional coverage may play in if your property is bigger than 5000 feet. Whenever an appliance in your home breaks down, you will be required to pay a deductible amount which often ranges from $50 to $125. Then, the warranty company sends technicians to repair the appliance or replace it altogether if need be. In the end, you will find out that you have saved a lot on your property maintenance.
3. When making repairs or replacements, cheaper is most often most costly
Specialists say that 1% of your property’s purchase price should be set aside every year for ongoing maintenance. For instance, if your home costs $600,000 set aside $6000 per year for maintenance. This doesn’t mean that you will spend this amount every year. However, this amount will go a long way to help you in maintaining the home. Most homeowners take shortcuts with the aim of saving money. For instance, they buy low-quality repair materials or hire unqualified contractors. What they don’t know is that this may turn out to be costly in the end. A professional contractor will offer high-quality maintenance services, detect and fix other issues before they happen or before getting out of hand. On the other hand, substandard materials don’t last long and you will have to replace them sooner than later. Therefore, your maintenance decisions should be based on long-term saving rather than short-term costs.
4. Use licensed/certified contractors with a good standing
The benefits of hiring licensed and certified property maintenance contractors cannot be understated. For one, they can work on a variety of repairs. They will ensure you comply with your local building code. They keep the appliance warranty and enhance the safety of your property occupants. It is important to note that a lot of things can go wrong when you hire unlicensed contractors as you are assured of shoddy jobs and even injuries.
To sum up, a smart homeowner should try and get it right the first time, when carrying out maintenance on their property. Smartly save cost by hiring qualified contractors to carry out the repair work. Also, you should ensure that contractors have solid experience to insure longevity. When you consider all the above tips, you will be sure to save huge chunks of money on your property maintenance by the end of the year.