Magnificent Manors

5 Smart Preventative Home Maintenance Tips: Save Money & Maintain Your Home’s Value

When purchasing a home, it’s important to consider the total cost of operating your home.  That means more than just your mortgage and utility payments. A survey by bankrate.com found, on average, homeowners across the country pay $2,000 annually on household services…landscaping, housekeeping, pool services, HOA fees, insurance, trash and recycling fees, and home security systems, just to name a few.  Therefore, it’s important to find ways to keep your home maintenance and repair costs to a minimum. Here are our 5 preventative maintenance tips to help you keep your money in your wallet.

1. Complete an exterior self-home inspection. According to homelogic.com, these tips could help you avoid expensive repairs. We recommend taking a walk around your property, twice a year to look for the following:

2. HVAC Maintenance. Dirty filters affect heating and cooling efficiency by making your unit work harder. Replace them every three to four months. It’s also a good idea to spend a small amount on annual professional cleaning and tune-up to avoid larger costs. Signing a contract for an annual inspection lowers your cost per visit and it guarantees you will have the maintenance work done on a regular schedule.

3. Share tools. Investing in the right tool for every home maintenance job can become expensive. Ask your neighbors if they have the tool you need, especially for larger items such as ladders, chainsaws, tree pruning extenders, etc. Just be sure to reciprocate when they are in need. Some communities also offer shared tool sheds. Find one near you here. Arlington County has a wonderful tool lending library. More information is available at: The Shed: Garden Tool Lending Library

4. Read the manual. Before calling a professional, check the manual or review online forums or the manufacturers’ websites. You will find an abundance of helpful instructions for fixing common problems yourself. If you don’t have the original manual, you can often find them online with a simple search, or by using this handy website.

5. Create a savings account for unexpected home maintenance expenses. HGTV recently recommended the 1% rule. Set aside 1 percent of your home’s purchase price each year. You can make one deposit or spread it out over the year in monthly deposits.

Life has its surprises, and a home maintenance emergency can happen. By following these tips, you will feel more confident your home maintenance expenses will be under control. More importantly, you’ll preserve the value of your home while enjoying it for many years to come.

If you’re considering buying, selling, or investing within the Arlington market, I’d be happy to schedule a time to meet for a free, no obligation consultation. Contact me at marybeth@magnificentmanors.com or 703-798-1803.

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