3 Obvious But Forgotten Ways to Save on Home Repairs
Within the summer months, you may be developing your spending plan for 2017. Home repairs are likely included in that budget – both unexpected repairs and desired cosmetic changes.
Thinking about home renovations can be overwhelming and stressful. Luckily, with careful planning, it’s easy to stay ahead on household repairs. Follow these tips to stay within budget.
1. Do It Yourself
When itemizing home repairs, consider if you’re capable of tackling any of the work yourself. A little Internet research will help you determine the scope of the project and if it’s better to DIY or hire a professional. YouTube can be a DIYer’s best friend.
Looking to refresh paint colors around the house? Instead of hiring a painter, purchase the paint and do it yourself. To save even more, keep leftover paint for touch-ups.
If your water heater isn’t heating efficiently, it may just need some proper maintenance. You can easily flush sediment from the bottom of the tank and potentially get it working good as new.
When doing a project on your own, look into renting tools from large home improvement stores or borrow tools from neighbors. This can be a good cost-saver for tools you may only use once.
2. Schedule Routine Maintenance
Your HVAC system is the most expensive system in your home, but it might also be the most forgotten system. Preventative maintenance can help you avoid a costly repair. Look into preventative maintenance from HVAC companies. These fees are much smaller compared to a major repair or replacement. Regular air conditioner and furnace tune-ups every six months to a year can help you save on home repairs.
Then, get a plumber to inspect your home every three to five years to make sure faucets and pipes are running well. A plumber can spot a small problem before it becomes an issue that could cost you thousands of dollars.
Some companies also offer off-season repairs at a discount. You may keep a little cash in your wallet if you wait to inspect your furnace in summer, for example.
3. Negotiate Contractor Costs
When you can’t do a home repair project yourself, request a quote from multiple contractors. Compare prices — note the ones that seem too good to be true and which are substantially higher than competitors. In some instances you may be able to pay for materials, leaving you only with the cost of labor. It’s always worth trying to negotiate the price of the project!
As you are planning your finances for the upcoming year, keep your home improvement budget realistic. Once you’ve decided which home repairs you’re going to tackle first, remember to always keep track of what you spend on home improvements. Home repairs could increase the value of your home should you decide to sell in the future.