April 25, 2006

Home Maintenance Checklists

Home Maintenance Checklists

Your mortgage requires that you adequately maintain your property and not allow it to deteriorate. And, as a homeowner, you can’t afford to sit back and defer maintenance. You can extend the life of appliances and fixtures and avoid expensive repairs by doing routine maintenance yourself.

 

It’s a good idea to set up a budget for your home’s regular maintenance and unexpected repairs. You may want to budget 1 percent of the purchase price of your house to cover annual maintenance and repairs. You also want to adhere to a regular savings plan to cover essential bills, emergency repairs, and large, periodic expenses such as property taxes and homeowner’s insurance (if they’re not held in an escrow account by your lender). Some financial advisors suggest saving 5 percent of your take-home pay. You must commit this amount every payday to make it happen.

 

Here is a seasonal checklist that will give you an idea of what you can do in the spring and fall each year to maintain your home…

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