Buying a home is a huge responsibility, and it’s better to understand the full realm of your responsibilities before taking them on. A home is a large financial responsibility, and the spending doesn’t stop at closing.
Before you purchase your new home, make sure you do the research. You don’t want any surprises when it comes to one of the largest purchases of your life. Here are a few common home maintenance issues you should consider when planning for your family’s financial future.
Hot water heater replacement
Purchasing a home with a bad water heater can cost you. Sometimes you can’t really tell just how long the home’s water heater will last, and it breaks on you a month after closing on your house.
Don’t be surprised by water heater issues. The best way to avoid/push off having to replace your hot water heater system is to educate yourself on proper home maintenance steps for the system. A quick internet search could save you tons of headache.
Roofing/leaky issues
Replacing a leaky roof can cost thousands of dollars. Roof maintenance and a proper inspection before purchasing a home can save you thousands of dollars. Not only could there be roof problems, there could be other, more expensive, issues with the property.
A home inspection will save you from purchasing a lemon of a home, but there are also things you can do to avoid issues with your roof after you make that purchase. One very helpful tip is to clean your home’s gutters at least once a year. Clear drainage will keep your roof in better shape.
Landscaping/yard upkeep
The average cost of landscaping in the United States per year is over seven hundred dollars. That is not a small addition to the budget. Mowing, edging, weed eating, and tending to trees and shrubs on your property takes time, and time is money, no matter how you slice it.
If you don’t have the physical ability, tools, and time to tend to your home’s landscaping needs, you’ll have to hire someone to do the job. Either way, it costs money to maintain a pristine lawn.
Property taxes are recurring
Property taxes are certain when you purchase a new home. It will save you some financial pain by budgeting ahead of time for your yearly property taxes. Average yearly property taxes for Americans is over $4,000. It is important that you don’t neglect to recognize this cost of home ownership.
Plumbing problems can be a pain
Leaks and clogs in the plumbing of your home can cause a whole lot of other issues. Neglecting to quickly address any plumbing issues can be a costly mistake. Make sure to keep a close eye on what’s under the sink, and take care of your home’s pipes.
Originally posted on May 18, 2018 @ 6:58 am
