As the expression goes "one ounce of prevention is worth a pound of cure". This is very applicable to home ownership! There are many obvious benefits to owning your own home. Equity, stability, tax benefits, belonging to a community, the ability to personalize your space... the list can go on and on. Unfortunately, there are some tasks that go along with home ownership which aren't as fun. These would be monthly home maintenance. While no one loves these chores, it is essential that they are done regularly. Why is this? Home maintenance increases your property value by keeping your home in good shape. Regular home appliance maintenance will also save you money in the longer term. Some estimates go as far as for every $1 spent on maintenance, you are saving yourself $100 in costly repairs and appliance replacement. Keeping your appliances in working order also adds to your peace of mind that they will work when you need them, and also lower your utility bills by keeping them working efficiently. So you might be wondering how much you should be spending annually on these maintenance items, repairs and upgrades. Good question! A good rule of thumb is to spend 1% annually on maintaining your home.
However keeping up on these home maintenance tasks can be a challenge. How do you remember what all needs to be done, and what time of year?! This is where the Liz Keeps It Real Estate Team has your back! Every month in our monthly newsletter we break down home maintenance tasks that should be completed each month. By following this schedule, you will be keeping your most important investment in tip-top shape! Not on our email newsletter list? Send us a DM @ www.lizkeepsitreal.com, and we will hook you up! We are your resource for all things home after all!
Liz
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