Take a Proactive Approach to Your Homecare
“If a house is in worn condition and shows a lack of preventative maintenance, the property could easily lose 10% of its appraised value…That could translate into a $15,000 or $20,000 adjustment.”Mack Strickland, a professional appraiser and real estate agent in Chester, Va.
A homeowner can simplify their lives and save on the cost of repairs by focusing instead on preventative maintenance. This maintenance includes monitoring, inspections, tests, adjustments, part replacements, and cleaning specifically to head off problems before they occur.
Many of us think “It Won’t Happen to me” or “I cannot afford it right now,” ignoring regular maintenance may seem like a way to put off spending money. If left unchecked or repaired, the small items can turn into a big, costly deal.
According to the one percent rule, you should set aside at least 1% of your home’s value every year for home maintenance. For a 600,000 house, this works out to $6,000 per year or $500 per month. The national statistic on the cash value of home maintenance states that, for every $1 spent on upkeep, you can avoid up to $100 of repairs.
“It’s probably best to say that the net effect of regular maintenance is to slow the rate of depreciation.”Dr. John P. Harding, Professor of Finance & Real Estate at UConn’s School
Why wait until an issue arises? Preventative maintenance is so worth it.
Essential Home Maintenance (EHM) makes preventative maintenance a lot easier for homeowners. We will customize a digital home management program for your home to keep track of schedules with reminders, repairs, and maintenance costs, “who do I call” vetted contacts, track estimates/invoices, “how-to” advice, and warranty information. You can choose to manage your home or work with EHM to run it for you from that point. We will make monthly visits, supervise contractors, negotiate costs, and keep you updated on your home condition.
Instead of caulking around your home, tightening loose screws, or climbing on the roof, why not spend your time doing something fun with family and friends?
Contact us today to find out how the customized preventative maintenance plan works.
Photo Credit – Toa Heftiba