Factors to Consider For Home Maintenance Budgeting


Home Maintenance costs can n some cases add up fast. Before purchasing any house, you need to take this factor into account. There are two rules you can use to budget for home maintenance and repair. The first rule is the 1 percent rule which states that one percent of the purchase price of your house ought to be put aside each year to cater to continuing maintenance. The square foot rule is the second rule and it states that you budget one dollar per square foot per year for repair and maintenance costs. Below are some of the factors for how much your property will require maintenance.

You should consider the location in which the property is situated. It is crucial to know the terrain in which your property sits on. For instance, if the land is near a water body and sits in the bottom of the mountain where water is likely to accumulate, this might be a massive issue. It is wise to know the appropriate home insurance to purchase. You should also have it in your mind that wetter areas have a tendency to draw termites. You and I understand just how much devastation I able to trigger. Therefore, it is quite evident that location is not a matter to sweep under the carpet as it has a great impact on the budgeting for your property maintenance at http://tillamookhomemaintenanceor.com/other-services/water-damage-restoration/.

The Other aspect to think about is home type. Is your property a large family home, condo or a residential apartment? Normally, single family homes require high costs of maintenance especially if it is palatial. On the other hand, apartments require the lowest maintenance among the 3 illustrations . A number of those maintenance activities in family homes that makes the maintenance budget slightly higher than the rest include, replacing shingles on the roof paving driveways and Rockaway Beach Window Cleaning the gutters.

Weather Is another factor that should be taken seriously. Properties located in areas of the nation that experience cold weather especially during freezing temperatures often require more upkeep when compared with the properties which are in areas with different climatic conditions. Cold weather set more strain on possessions than warmer weather. You need to be armed with plans to stop properties from wearing out because of the harsh weather conditions.

The condition of the property should also be determined. It is important that you are aware of the way previous owners of this home have been taking care of it. When the owners had good care records, then you're on the safe side.

In Conclusion, if you consider the variables above, you might not encounter any Difficulty in budgeting for the maintenance of your premises. You need to come Up with a strategy and choose on which thumb rule you will use to save for your property's maintenance.

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