As we embark on a new year, it is also time to take a good look at your budget and look at where you stand. Your financial standing will decide how and where you will spend your money this year. If you own a house, you understand that it will need a little repair and looking after each year and if you are planning for household repairs, you will need to set aside a budget right from the start. Whether you can see a damaged ceiling or a broken pipe in the bathroom, it is time to plan for repairs and set aside money for it.
All homeowners fear unnoticed issues in their homes, and this is something you do not want to face. A leaky roof or a clogged gutter can cause a lot of trouble if it is unnoticed. The best way to avoid problems at a later stage is maintenance. You can save thousands of dollars if you maintain the house in the right manner. Here are some of the most common household repairs you might want to budget for this year.
We cannot live without water, but it can do a lot of damage to your home. It will seep through the concrete and settle in the empty wallets or the basement. This way, it will weaken your foundation and will cause the walls to settle, or crack, causing damage to the entire house. Repairing the foundation does not come cheap and you will have to set aside at least $10,000. If you want to avoid this repair, you must ensure that water is nowhere near the foundation. Try to ensure that the foundation slopes a little away from the house and if you notice water where your house touches the ground, you should consider applying soil to create a slope.
Never forget about the roof of your home while you are busy working on the foundation. It is susceptible to rotting, or leaks and if you notice a leak, try to fix it right away. But if you avoid it now, the damage could become very expensive and dangerous. Replacing the entire roof can cost around $3,000 or higher. You can avoid the repairs with regular maintenance. Remember to check the roof twice a year and look for tears, missing shingles, or other damage. While you are at it, remember to take a good look at the chimney and if you haven’t maintained it in a while, hire professionals for chimney service and repair.
The HVAC unit is an important part of your home. It provides ventilation, heating, and air conditioning and if you fail to maintain the unit well, it could require a lot of repairs or replacement in the long term. If you want to avoid failure, you must conduct maintenance on the units every six months. It is not possible for you to manage the repairs by yourself and you might want to ask a professional to come home and check it. If left alone, such issues can affect the efficiency of your system. If you want to improve the air quality in your home, you must replace the air filter once every 3 months.
Replace the deck
A few homeowners have a deck at home and if you are fortunate to have one, it will add value to the space while also providing you with an ideal setting for summer parties. However, if you do not maintain the deck well, it could fall apart and cost you thousands of dollars in repairs. The cost of replacement of a deck starts at $7,000 while the cost of repairs is below $100 a year. You can maintain the deck by keeping it clean and remember to clean out the twigs and leaves in spring. Try to set aside a weekend and scrub down the wood surface using a cleaning solution or using a mix of water and bleach. After it has dried, you can use a wood stain to refresh the color. Having a full inspection of the deck at least once a year will go a long way. Take a good look at the joists below the deck and if you notice anything wrong, you need to speak to a professional right away.
These are four of the most expensive household repairs you need to budget for. You never know when the HVAC unit needs a replacement or when the deck is totally damaged. Hence, if you continue to maintain them regularly, you might be able to save thousands of dollars every year. If you leave them with zero maintenance, the only alternative left is a replacement and it will burn a hole in your wallet. It is not something you want to start your 2023 with.