What to do?

26991724883_fd3736fce1_b1. Save Save Save!

According to HGTV, every homeowner should save around 1-3% of what the house’s purchase price is per year. If your house cost $150,000, then that comes out to between $1,500 and $4,500 per year. This is a no-brainer, as you need to ensure you have money left over to take care of these recurring costs or you will forget about it, and then be forced into a whirlwind of debt.

2. Prioritize!

Your budget will not always be the same every year. Depending on your needs, you will have to shift your budget and save different amounts of money. So, it is important to assess what needs repairs and maintenance and work the budget around those costs. There are definitely certain parts of your house that may need fixing at given times, and those will definitely cost different amounts of money. So, as is important for all special events and important things in life, plan ahead!

3. Say No to Credit!

While credit can be useful for certain things, it is better to save up money compared to taking out loans and signing up for more credit cards. That money will need to be paid off in the future, and if you take out loans and forget to save, then you will be in trouble when trying to pay off that debt. So, if you just save for the future (refer to step 1), then taking out loans and relying on credit will not be a necessity, and you can conduct your home maintenance needs hassle-free. Also, you will find that home repair will become a more seamless process if you do not have to worry about taking out different loans and different credit cards in order to complete a certain purchase.

4. Be Smart!

If you can fix something yourself, do it! This will save you money because you won’t have to hire a professional. But if you are skeptical, it’s better to hire a professional through roofing companies phoenix, so you don’t make any mistakes. Also, make sure you CONSERVE ENERGY. This will bring down extra utility costs. Consider using energy-efficient appliances, such as the Light Emitting Diode (LED) and Compact Fluorescent Light (CFL) bulbs, which can save you lots of money in the long run while also benefitting the environment.