They say, “A man travels the world in search of what he needs, and returns home to find it.” Every house has its own unique story; it protects us against the harsh weather, keeps our loved ones and us warm, and is basically a place we constantly want to return to after a long day at work. Needless to say, just like anything else that is close to our hearts, our homes need to be cared for and looked after too.
Be it the wearing out of paint, or a leak in the roof, broken window panes, or damage of pipes, smashed or loose tiles on the floor, or electrical issues, your home could need a major repair at any time! While several commercial roof repair experts and commercial flooring contractors are available in the market to fix these issues, their services always come at a handsome price. This is why it is important to keep yourself prepared for a major home repair.
You may also want to consider taking out a home improvement loan. This can provide you with the funds you need to cover the cost of repairs, without having to dip into your savings.
Here are a few tips that you can consider:
· Assess the costs
The cost of a home repair and maintenance would depend on a number of factors. These include the location, age and size of your property, the local climate and the various amenities in your property. A big house with larger appliances like a refrigerator and solar panels would need more maintenance than a smaller one with basic facilities.
You should also prepare yourself and calculate the costs for the most common house repairs. This includes a new furnace cost, tree removal, roof repair, restoring water damage, new water heater expenses, and electrical rewiring. Be prepared for the worst!
· Create a savings fund
Calculate 10% of the amount you pay for your home EMI or rent, and maintain a separate fund for home repair emergencies. Invest in a savings account that promises high returns or has higher interest rates. Let’s not forget that home maintenance, for example, a commercial roof repair that would require a roof replacement could get very expensive. Be up for such situations by maintaining a savings fund dedicated to housing repair!
· Avoid using a DIY method for major repairs
While minor repairs such as sealing a spot that has a small water leakage, or replacing a broken shingle on the roof, can be managed by you at home; you need to accept the fact that everything cannot be fixed with a DIY. Yes, if you do have skills or knowledge to perform a task, it is great for smaller repairs and routine maintenance, but don’t try to repair everything as most home repairs require an expert’s help. A major project such as a flooring or foundation repair should be handled by professionals, as you could cause unforeseen damages to your house that could only cost you a fortune in the future.
· Spend now to avoid paying more later
House repairs, apart from being common and inevitable, are also necessary, in order to keep our homes in good shape and condition. If you own a home, you will have to agree that it will need repairs at some point or the other. With a sound financial plan in place, you should maintain a calendar to get your house inspected at regular intervals by experts. Invest in high-quality repairs at present that would show long-term effects instead of fixing them temporarily at a low cost, which would, in return, cause major damages in the future.
Early detection of repairs is always a boon. When it comes to your home maintenance, believe in the mantra, “prevention is better than cure.” Before any damage is full-blown, it is better to take the help of the experts to fix it.
We know all of this could sound a little overwhelming. Let us help you! At HomeSenator, we serve clients who want help with their home décor within a specific budget. We are a team of experts who are trained and are licensed professionals. We take feedback very seriously, and our focus is on YOU. Give us a call for any tips or tricks related to home décor, or if you need a commercial flooring contractor within a fixed budget, we will guide you on the next steps.