New homeowners are not often prepared for the costs that come with owning a home. Unlike renters, homeowners must maintain their property themselves. It’s important to set aside time at the beginning of each year to plan out what maintenance costs you are anticipating in the coming year and create a home maintenance budget. Below, we’ll discuss what you should consider when creating a budget and what that budget should include.
3 Tips for Creating a Home Maintenance Budget
The new year is here, and it’s time to make sure that you are prepared for all it will bring. Routine maintenance is one of the best ways to keep your home safe and comfortable year-round. Here’s what you should keep in mind while developing your home maintenance budget for 2017:
Assess your needs and prioritize.
The first step in creating your home maintenance budget is assessing your current needs. Consider how old your home and appliances are so that you can anticipate your upcoming needs. After you have figured out which projects you would like to take on in the new year, it is time to prioritize. Chances are that you may not be able to complete everything you want to get done in the new year. This is especially true if you run into any trouble or surprise repair needs along the way. That’s why it’s vital that you prioritize which projects need attention first and work on those before starting other projects. For instance, you may want to consider replacing your roof before you get started on that bathroom remodel.
Find out what you can do yourself.
Labor is one of the biggest costs that will factor into your home maintenance budget. One way to save money is to take on some smaller projects by yourself. Though you may be able to handle tasks like painting, landscaping, and flooring on your own, there are some projects that require the expertise of a professional. Consider which projects you can safely and effectively do yourself and which will require you to call in the experts. Make sure to factor in labor costs on the projects that are going to require some outside help.
Include a surprise fund for unanticipated repairs.
Unfortunately, life doesn’t always go as planned, and the same is true for your 2017 home maintenance projects. Though you might have planned on having to replace your roof this year, you might not have planned on replacing your old water heater or having to repair flood damage in your home. That’s why it is vital to set aside some funds in your home maintenance budget for surprises. Though there is no surefire way to know what surprises lay ahead, you can help yourself be more prepared by having an emergency fund that helps you handle these maintenance needs when they arise.
Whether installing a new AC or heater is on your list of home maintenance projects or you just find yourself needing a new HVAC system in a hurry, $25 Plumbing Heating and Air Conditioning is ready to handle all your heating and cooling needs. Give us a call today to find out more about how we can help you stay within your home maintenance budget: (909) 980-4109.