As we know, home ownership is one of the single biggest investments we will make in our lifetime.
That is why proper home maintenance is so important. Regular home maintenance enhances the properties economic age (the number of years a house is expected to survive), ensures safety, prevents simple upkeep from turning into costly repairs and may even reduce energy consumption.
Having a well maintained home provides piece of mind and increases resale value. To support our fellow homeowners in achieving this objective, Greenwood Real Properties has put together a monthly checklist, home improvement and inspection routine for you to follow. ENJOY!!
- Review emergency procedures and practice fire drill escape routes. Every family should have an emergency escape plan in place and know how to evacuate in the case of fire. An emergency escape ladder stored in the upper floor of your home may save you and your family’s life. You can get a decent one for under $100 and could prove to be invaluable if ever needed.
- Reverse direction of ceiling fans. Since hot air rises, fans should rotate clockwise to push the air down making your heating system more efficient
- Replace filters in heating/cooling system and humidifier. Change monthly during peak season no longer than three months dependent on filter type. Not sure how to change the filter? Click Here!
- Bleed your radiators. Don’t know how, click here.
- Want to know how to maintain your radiators, click here.
- Clean and inspect kitchen range exhaust filter.
- Inspect toilets for any rocking motion. To repair a wobbly toilet click here for help.
- Tune up fireplace and/or wood pellet stove.
- Inspect indoor and outdoor Christmas decorations and inspect lights and extension cords to see if replacements are needed.
- Water Christmas tree daily and turn lights off before leaving home.
- Mark driveway with stakes for snow.
- Tune up snow shovel and snow-blower.
- Leave cookies and milk for Santa. If not sure how click here.
- Enjoy your Holidays!
How important is preventative maintenance? Without it, your home could easily lose 10 to 12 percent of its appraised value. Researchers suggest that regular maintenance increases the value of a house by about 1 percent a year.
However, professional appraisers are quick to point out any gain is typically offset by the ongoing cost of maintenance. According to the U.S. Census, over time annual maintenance can cost upwards to $3,300 or 1 to 3 percent of a home’s initial cost dependant on its geographic location.
To put this in perspective; owners of a $200,000 house should plan to budget $2,000 to $6,000 per year for ongoing maintenance and upkeep depending on the age of the home.
Not sure what your home is worth in today’s marketplace? Feel free to contact us for a no cost, no obligation home valuation for estate planning purposes or just for your own edification.
Be sure to check out this month’s featured article The United States Debt Issue from the Armstrong Advisory Group.
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Brian Greenwood is an Owner/Partner at Greenwood Real Properties/Keller Williams Realty with offices in Canton, Easton and Westwood