Home Maintenance Cost

Having your very own home can be an investment ofabout 1% to 3% of its overall value every year for
a lifetime but managing it is not a piece of cake.upkeep and this figure also changes depending on the
Homeownership entails expenses that starts by theage of the house. As your home increases in age, so
time of purchase and continues on to keep theshould your home maintenance cost.
property always in good condition. Being responsibleKnowing precisely how much to budget for home
and consistently keeping up with home maintenancemaintenance cost is not an easy task. Other than
cost will let you enjoy maximized comfort, appeal andscheduled maintenance, there would also be
functionality each and everyday; and a good paybackunexpected repair issues that might arise any time of
by resale time.the year. For every repair and maintenance project,
No two houses are exactly alike making their needsthe actual cost will depend on factors like the quality of
and attributes different. With this, how much you paymaterials to be used, size and scope of the project,
to keep your New York home livable and working forand whether you will DIY or acquire qualified help from
your family will not be the same with anothera contractor. There are also free online tools that give
homeowner. To guide you on this matter, this articleestimates, but the actual cost would still differ from this
lays out crucial questions that will help you understandso to be on safe financial grounds, use these
home maintenance cost with insights ideal whetherestimates as guide but still add extra to your budget to
you are in Long Island, Queens, Brooklyn, Staten Island,cover unanticipated expenses.
or Manhattan.How to save on home maintenance cost?
Why allot a budget on home maintenance cost?Probably the simplest but highly effective way to save
Though this should already be an A-B-C foron home maintenance cost creating a home
homeowners, many still overlook the importance ofmaintenance checklist. Indicate weekly, monthly and
maintaining their homes. Basically, your house andannual chores and tasks. Religiously stick to scheduled
everything in it ages. This and its constant use willrepairs, cleanings and tune-ups as per your
eventually take their toll resulting to lowered efficiency.manufacturers' advice. It would also be beneficial that
If your home is not properly maintained, inefficiency willyou conduct regular inspection of everything in your
cause a decrease in the quality of living for your familyhome and property. Spotting problem areas and
and damages to your house and property. Leftattending to them earlier will prevent them from
unattended, these damages can balloon and causesnowballing into serious and more expensive damages.
more related problems. Thus, not budgeting on homeAnother money saving tip to live by is to resist the
maintenance cost is one of the most unsound financialtemptation of improving the look but sacrificing
decisions you could ever make.functionality. Prioritization is key to avoid a busted
How much does home maintenance cost?home maintenance cost budget.
It is said that for a median house, expect to spend