What’s involved in home maintenance?
Sometimes it’s easy to let maintenance go by the wayside. I’m here to tell you that in the case of your home, that’s a foolish decision. From the time that you begin to consider buying a home, you need to factor in the cost of ongoing maintenance in order to keep your investment in sound shape.
This begins with due diligence evaluations of your property before the actual purchase itself. At this point, you need to get information from the sellers in terms of utility and routine maintenance costs along with learning the age of major home elements such as the furnace and roof. Other things to know include whether the home is insulated; this will affect your climate control costs.
You’ll be able to prioritize the tasks that need immediate repair with the help of a home inspector who has gone over the property. This will help you better understand whether or not you’ll be able to afford the home going forward. If there is little to no urgency on some of these things, that will make it easier for you to buy the property.
Start making a plan for deferred as well as routine home maintenance right when you settle in your new home. This is the time to start scheduling the things that will need to be done on a regular basis, including clearing drainage systems, clearing brush if you’re in a fire area and clearing gutters and down spouts.
If maintenance isn’t your strong suit, you might consider buying a condo or townhouse, which both offer viable alternatives to single-family homes the homeowners’ association often handles much of the work. Make sure you understand what’s involved before signing on the dotted line.