Budgeting for Unexpected Home Repairs

Most homeowners know that they should budget for expenses such as the mortgage, insurance, utilities, and taxes. However, many overlook another inevitable household expense – home -related repairs and replacements. If you fit within this category, read on for tips that can help you become financially prepared.

By scheduling routine basic maintenance, this can help you maximize the life expectancy and resale value of some of your home appliances, such as your washer, dryer, and refrigerator.  Even regularly changing heating and air filters can help your systems run more efficiently (and potentially help you save money on energy bills). Staying on top of routine maintenance and catching up on any delayed maintenance can help you minimize the necessity for potential household repairs.