We all consider things like lawyer’s fees, moving expenses and property taxes when you enter the world of home buying. You have a lump sum in the bank just itching to become a down payment, but few people realize the amount of annual maintenance a home may require. One way to prevent any significant surprise expenses is to have a home inspector thoroughly review the property.
Your home inspector will look at the roofing and the foundation of the home to make sure you don’t have any damage that may lead to flooding or serious water damage when it rains. Your inspector will be able to tell you how old the roofing is and how much more life it has in it. They will also be able to talk to you about the integrity of the houses outer walls, and if you’ll likely need to do repairs in the near future. This may mean replacing brick on a chimney, or needing to redo the whole outside of the home (new siding etc.) Buying a house is expensive and there is nothing worse than having to fork over thousands of more dollars to replace a roof if you weren’t aware of it.
Yearly Maintenance Schedule
Plan out when you will do specific home maintenance tasks, and budget accordingly. You can’t reasonably be expected to do everything at once, and not all maintenance will cost money, but its good to plan how and when you will manage to do certain tasks.
Some maintenance tasks you will have to plan for are cleaning out your eaves troughs, and possibly replacing any broken sections. Checking the grading around the home is sufficient and adding to it if required. Cleaning your chimney if you have a wood burning fireplace, sealing or adding additional gravel to your driveway (or having it repaved), cleaning your siding and outer windows, duct cleaning, etc. These are just a few examples of things you need to consider. These tasks may require that you purchase a ladder, a hose, cleaning products or book a professional service. Make sure you have an annual budget dedicated to completing these tasks as they come up.