Written By: Curtis Fisher
Every homeowner needs to be prepared for unexpected repairs. You never know when something will break or fall apart, requiring immediate attention. However, most emergency maintenance issues tend to be expensive, time-consuming, and an overall drain on a homeowner’s resources.
Planning ahead and being prepared can save you many headaches—and keep more money in your bank account! Here are some tips to help you cover common home repairs as well as how to hire a reputable contracting company, like CH Construction, to keep your costs under control.
Know What to Expect
When it comes to major home repairs, it’s important to expect the unexpected. Be prepared for common repair issues that are likely to crop up at some point. This way, you can be ready with the cash you need to cover these problems immediately, instead of allowing them to get out of hand while you sort out your funding.
For example, the presence of a hazardous tree on your property is one example of a common maintenance issue that requires urgent attention. Trees can damage your home and property in several ways, so this is not a project to postpone. According to Home Advisor, the cost of a tree removal service can range anywhere from $400 to $2,000! You can keep your costs down and reduce the risk of damage to your home by hiring a tree removal company with valid insurance and certification, the appropriate credentials, and good references. As with any repair project, make sure you ask for a detailed written estimate before committing to a contract.
Take Preventive Action
The best way to prevent expensive home repairs from draining your savings is to avoid them altogether. Performing regular home maintenance ensures that every system of your home continues working as it should. For instance, HuffPost recommends cleaning your rain gutters, inspecting your roof, and draining your water heater at least annually to avoid the damaging effects of excessive moisture.
You can also take steps to prevent pests from wreaking havoc on your home. For example, you can keep termites and carpenter ants at bay by storing firewood away from your home, trimming bushes and shrubs that brush against your siding, and repairing cracks in caulking around your windows and doors. Most importantly, know how to spot the signs that you have a pest problem so you can tackle it as soon as possible.
Establish a Repair Fund
When a major repair problem comes up, you want to have the funds to cover it. So, start building up a home maintenance and emergency repair fund as early as possible. There are a few rules of thumb to consider when deciding how much to squirrel away in your repair fund. Some experts recommend setting aside one percent of your home’s value every year. Alternatively, you could save 10 percent of the total of your mortgage payments, insurance, and property taxes every month. Of course, if you’re anticipating a very large repair project in the near future, like a roof replacement, you may want to save a larger amount.
Hire the Right Help
Like saving for home repair projects ahead of time, you can also shop around for contractors before you need their services. This will give you plenty of time to review your options, contact their references, and compare quotes for common projects. While it may be tempting to tackle repair projects on your own to save a few bucks, the DIY approach can easily backfire if you don’t know what you’re doing. Get the job done right the first time by hiring a pro. CH Construction can help you out with a variety of home projects, from general maintenance to major remodels and all of those handyman tasks that fall in between.
No homeowner wants to deal with major repair issues, but many times, these problems are unavoidable. Reduce the strain on your wallet by planning ahead. Developing a realistic home repair budget and securing the services of a trusted local professional will ensure you’re ready to handle any home maintenance emergency.