It’s now your responsibility.
One of the biggest differences between renting and owning is being responsible for repairs and maintenance. There is a lot to know and do and it can feel overwhelming at first. But taking really good care of your home saves you money long term.
Protect your investment!
Good maintenance is one of the best ways to safeguard the value of your home. It you let things slide, small issues can become much large – and more expensive. You can search the internet for a checklist to help keep order. Routine filter replacements, checking for cracks and water penetration after a rain are little things you can do. Leaks are hard to find but can cause the most issues so if you see a wet floor or stains on the ceiling – find out why.
Hopefully you purchased a home warranty when you bought hour home. These plans are great to keep your home in top condition. Typically all you have to do is make the call and they do the rest. So if your appliances are acting up, or you have plumbing issues, call your home warranty company. That’s why you are paying them!
Budget for the Unknown
There is no set amount you should put away while you wait for an issue to happen. Refer back to your original inspection report and use it as a baseline. Many items will be taken care of by the home warranty program and others by your home owners insurance. Just know the exposure you have. Good ways to avoid the big costs are to repair items when they were small issues. Remember your home is your investment – take care of it to add value.