4 Steps Homeowners Should Take to Reduce Home Repair Costs

 Home repairs always seem to be such a blow to homeowners’ finances. Here are 4 steps you can take to be ready for the inevitable:

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No matter how big or small, in my experience helping sellers, home repairs always seem to come out to a $1,000 expense. Today I’ll share a couple pieces of advice that may prepare and save you from a heavy expenditure when it’s time to make those repairs:

1. Save up money for emergency repairs. Make sure to establish some sort of emergency fund for a rainy day. Home repairs like plumbing leaks or an AC unit acting up don’t give you any advanced notice before they strike, so when things like this occur unexpectedly, you’ll be glad you had money set aside to take care of the issue. Putting $50 or $100 away in a repair fund will cover that $2,000 that the average homeowner spends on repairs a year.

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Putting $50 or $100 away in a repair fund will cover that $2,000 that the average homeowner spends on repairs a year.

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2. Try making repairs yourself. For some repair projects, rolling up your sleeves and taking on the job as a DIY might mean the difference between spending that $1,000 or as little as $15 to $100 in parts. With some great “how-to” videos on YouTube, you don’t even necessarily need to be much of a handyman.

3. Get multiple quotes on repairs. Don’t settle on the “one-and-done” approach when getting quotes for the job. Getting two or three quotes will allow you to do a comparative analysis of price coupled with the quality and reputation of those that are providing the quotes. After all, what you pay is what you get.

4. See what you can do now to prevent future repairs. The new year is on the horizon, so now is the time to think about what you, as a homeowner, can do to prevent repairs from being an issue for you in 2019.

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