Owning a property can get expensive sometimes. You never know when something is going to go catastrophically wrong, leaving you out of pocket.
Fortunately, you can develop what we like to call a “panic-free plan.” Having one of these means you won’t have that sinking feeling in your stomach every time something goes wrong.
But what would such a plan look like? Glad you asked. Here, we take a look at some of the savvy methods you can use to reduce home maintenance expenses.
Leverage The Power Of DIY
One option is to simply use the power of DIY. Instead of assuming you immediately need to call experts when you have a problem, you can try fixing things yourself.
Start by learning the basics. Find out how to change air filters and replace fuses. You can also spend some time fixing and replacing gutters and weatherstripping your property. You shouldn’t need professionals for these tasks with a little practice.
Start A Home Maintenance Fund
The next step is to start a home maintenance fund. Having a little extra money set aside for a rainy day can meet expenses when they inevitably arise. It can also help you feel more relaxed day to day, even if nothing is going wrong.
Prioritize Home Maintenance Tasks
You should also work out how to sensibly prioritize home maintenance tasks. Some people get into trouble because their nesting instinct takes over and they try to do too much. You want to strike a balance between what’s necessary, and what’s merely nice.
For example, if your boiler breaks down, that’s going to require a repair. However, if you just dislike your kitchen backsplash, wait until you have the finances to fix it instead of jumping in immediately.
Explore How To Spread Payments Out
You can also make managing home maintenance better by finding ways to spread payments out. Various boiler finance options are available, reducing the monthly cost of significant expenses, and helping you fold them into your routine, without requiring you to make drastic changes.
Compare And Shop Around
Another tried-and-tested strategy is to compare and shop around, as you would for any other product or service. Comparing the prices of various plumbing, electrical and building work jobs can save you a fortune. Some contractors will offer you a bargain, while others will get you to pay them through the nose.
Get Government Help
Sometimes, you might be able to get government help to cover the cost of repairs. You might also be able to lean on a public housing provider if they service your property. Often, they have rules, obligating them to assist when you need it.
Barter Your Skills
You could even try bartering your skills to reduce home maintenance costs and feel more confident living on your property. Exchanging something you can do for something that someone else can do can have a profound effect on your finances and protect them against the ravages of home ownership. For example, you could style a contractor’s hair for free (if they have any) and get a new sink installed in return.