Things to Consider When Planning a Home Maintenance Budget
May 07, 2019Routine maintenance ensures your home remains in good condition for as long as possible. However, even if you stay on top of maintenance, it’s also important to set aside funds for emergency repairs.
In today’s post, your trusted gutter contractor, Gutter Helmet® of Eastern NY, discusses factors to consider when budgeting for home maintenance.
Size of Your Home – Larger homes require higher maintenance and repair costs compared to condos, townhouses, and duplexes.
Condition – Homes that are well maintained are less likely to experience sudden damage than those that haven’t been properly maintained. Staying on top of maintenance will save you money in the long run by helping you avoid unexpected, costly damage.
Age – Newer homes don’t need as much maintenance as older ones. Houses that are 20 years old or older usually require more care. Once your house reaches this age, you’ll most likely need to replace major components such as the roof, gutters, and furnace. Minimize your gutter maintenance costs by investing in a heated gutter system from Gutter Helmet of Eastern NY.
Location – Houses situated in areas that create environmental stresses like at the bottom of the hill or a floodplain may require more care and maintenance. In areas that experience extreme temperatures, homes are more subjected to weathering.
Home Maintenance Rules
The 1 Percent Rule – This rule suggests saving up at least 1% of your property’s purchase price yearly for maintenance and repair costs. However, you should increase your savings to 3% if your home isn’t in good condition.
The Square Foot Rule – A general budget rule is setting aside $1 per square foot per year for home maintenance and repair. This means that if you own a 1,000-square-foot home, you should save up $1,000 annually for maintenance.
Installing a gutter protection system helps keep your home free from water damage and lowers your maintenance costs. At Gutter Helmet of Eastern NY, we are your leading provider of Gutter Helmet systems. We also specialize in installing quality seamless gutters. Call us at (866) 252-9400 or complete our online form for a free in-home consultation.
