Whether you purchase a brand new home or fix up an older house, it is possible to keep your home in excellent condition for years to come with preventive maintenance in the right areas. By choosing the right maintenance tasks and completing them on the correct schedule, you can protect your home’s infrastructure, reduce the need for costly repairs, and ensure your home retains high resale value.
While spending money every year on preventive maintenance can seem like a budgeting error, this sort of investment actually offers an exceptional return. Data from Landmark Home Warranty indicates that you could save an average of $100 on repair costs for every $1 you spend in preventive maintenance. While there are numerous parts of your home that can benefit from regular maintenance, the HVAC, plumbing, and roof systems are places that can offer the highest savings on repair costs.
Most experts recommend budgeting in advance by setting aside 1% to 2% of your home’s value for maintenance services. However, you may need to adjust this amount to account for certain factors, such as your home’s size and the climate where you live. A large home or one that was built decades ago may require more expensive repairs than a modestly sized new home. Additionally, if you live in an area with harsh weather, such as severe winter storms, you may have to invest in more frequent maintenance to offset the additional wear and tear on your home.
Keep your home comfortable all year with HVAC maintenance
You trust your air conditioner and furnace to keep your home at the right temperature. Hiring a heating service and repair contractor for annual tune-up services can help you avoid the inconvenience and expense of a broken air conditioner in the summer or a malfunctioning furnace in the winter. Repair costs for HVAC equipment can average $250, and replacement services may cost over $5,000. Paying for annual tune-ups can help reduce the need for costly emergency services.
Avoid water damage by protecting your home’s plumbing
Your home’s plumbing is a crucial part of the infrastructure, and problems can lead to extensive damage quickly. Replacing a water heater, for example, can cost over $700, but you may have to spend over $1,000 to fix water damage from a leak. Frozen pipes and clogged drains can also lead to leaks, broken pipes, and sewer backups that can cause thousands of dollars in mitigation, repair, and replacement costs. Hiring a plumber to check, descale, and unclog your home’s plumbing can reduce the risk of a catastrophic problem.
Protect against weather and leaks with regular roof upkeep
Your roof is subject to harsh sunlight, precipitation, and wind that can damage the shingles. A roof repair can easily cost over $1,000 whereas a full replacement can run over $10,000. You can help protect your roof by fixing broken shingles immediately, keeping your gutters clean, and having regular professional inspections.
Preventive maintenance can protect your home’s infrastructure and appearance, keeping it in excellent condition for years. Maintaining the plumbing, roof, and HVAC system can reduce the chances of problems that require costly repairs or replacements.