Owning a home requires a lot more responsibility than renting. If something breaks down, there’s no landlord to come and fix the problem; it’s in the owner’s hands. That means the responsibility of keeping a home clean and maintained is up to the homeowners. Your realtor, mortgage lender and everyone on the Internet has told you how important it is to keep your home maintained, as well as thousands of ways to do it. But why is it so important? Learn more as we go over this article.
Home Maintenance Saves you Money
The first reason home maintenance is so important is that it saves you, the homeowner, money.
While it’s true, maintenance takes some money, dedication and hard work, in the long run you save much more money than if you didn’t do maintenance. Why is this? For every dollar you spend on preventative maintenance around the home, you save approximately $100 in future repairs. That’s because taking care of small problems now (a dirty filter or clogged drain) makes it so you don’t have the problem worsen over time and develop into a larger issue (a burned out HVAC motor or burst pipe.) Those bigger problems that tend to crop up after not maintaining a home cost significantly more than a new furnace filter every month or so.
Home Maintenance Keeps Your Home Running Efficiently
The worst part of maintenance is that it’s just that: maintenance. It requires completing a task over and over again, and often, to provide upkeep for your home’s working parts. It’s just like sweeping the kitchen floor; you have to keep sweeping it every week or so to keep it clean. If you didn’t, imagine the state of the floor! Now think about how often you clean out your dishwasher’s filter or unclog your bathroom drain … probably not as often as you sweep the floor, correct? Yet you probably use them almost as often as you use the floor.
Home Maintenance Increases your Home’s Value
When you drive a new car off of the lot, it immediately drops in value. The resale value decreases the longer you drive the car and the older it becomes. This principle doesn’t work the same for a home. In fact, the longer you own a home, the more you could increase its worth. Of course, home values have to do with the market and not solely what you do to the house, but you can still have a direct effect on your home’s value by maintaining your house.
Home Warranties and Home Maintenance
Home warranties and home insurance don’t generally cover for breakdowns caused by lack of maintenance. You’d be hard-pressed to find a home insurance company that would cover for flooding in your attic or roof if it turns out you never cleaned out your gutters, which caused the flood. The same principle applies to a home warranty: if you never changed the filters for a year on your HVAC system and the fan burned out from too much strain, a home warranty generally wouldn’t cover the repairs or replacement.
The great thing about a home warranty is that if you do your reasonable best to clean and maintain your systems and appliances in your home, when they get old and wear out from age, you’ll be able to save thousands of dollars. A home warranty will repair or replace your old systems for a flat-rate service call fee.