Addressing common issues in a timely manner and taking steps to ensure your property stays in a great condition is one of the most important things you can do as a homeowner. It helps you avoid the frustration of dealing with frequent breakdowns, saves you money by preventing expensive repairs at a later date, and helps your property retain its value.
So how much does monthly home maintenance typically cost, and how much money should you set aside for home repairs? Aside from booking home maintenance services for seniors in Fort Collins, CO, what other ways are there to simplify your home maintenance? Read on to find out.
What is the average monthly home maintenance cost?
Unfortunately, a one-size-fits-all answer to this question doesn’t exist. How many repairs a home needs and how much they cost can vary significantly from property to property, depending on a few key factors.
These factors include:
- Location. Homes located close to hills, flood plains, water flow channels, and so on, tend to wear down faster than ones located on flat, stable, dry land. This is especially true if your basement gets a lot of moisture.
- Condition. Properties that receive regular maintenance tend to have fewer costly breakdowns and more predictable repair costs than homes that have been allowed to deteriorate.
- Age. The older a home is, the more likely it is to develop various problems and the more maintenance it’s going to take to remain in tiptop condition. Again, this problem can be minimized by investing in regular maintenance.
How much should you have in savings for home repairs?
As a rule of thumb, every year you should set aside between 1% and 4% of the total value of your property for repairs. For example, if the price of your home was $250,000, you should put $2500 to $10,000 annually into a separate savings account.
While the vast majority of repairs won’t cost even close to $2500, the purpose of saving so much is to be prepared for those one-time $15,000 repair bills that tend to rear their ugly head when you least expect them.
How can I make my home maintenance easier?
There are no two ways about it: the easiest and most effective way to perform home repairs and improvements is to hire trained and experienced professionals. This not only saves you time and ensures that the maintenance tasks are performed properly, it’s also much safer than attempting DIY repairs.
Aside from that, investing in resilient materials and quality systems the next time you build a new home or renovate an existing one will have a huge impact on your future maintenance costs. Even if an accident occurs, durable materials are less likely to suffer serious damage, making them easier and less expensive to repair.
Where can I book reliable home maintenance services for seniors in Fort Collins, CO?
Are you an elderly individual who’s looking to equip your bathroom with a sturdy grab bar? Or maybe you need help with the plumbing or electrical systems in your house? Or perhaps you’re planning an extensive home improvement project and you need a team of seasoned tradespeople who can provide you with a broad range of handyman services?
Handyman Connection of Fort Collins is superbly positioned to provide you with all those services and more. Our friendly and knowledgeable technicians will gladly meet your every home renovation, repair, and maintenance need while you kick back and relax, or enjoy an outdoorsy afternoon at the Lindenmeier Site with your friends and family.
Call us today and request your free, no-strings attached estimate.