When it comes to home maintenance, there is a 1% rule that everyone must abide by. This rule is straightforward: each year you ought to put aside 1% of your house’s value for repair and maintenance expenses. Suppose you purchased a property valued at $250,000. Ideally, you should have $2,500 saved each year to cater to all sorts of architectural and engineering malfunctions.
Although you are not obliged to rigidly spend this amount annually, the idea is in a long span of time, 10 years and beyond, the accumulated expenses you will have incurred will reach this annual average. So it is best to have this amount tucked away come rainy days.
Repairs to do yourself
Fixing a leaky faucet or drain unblocking are some of the most chronic repair needs in any household. Although they seem like simple processes, if you do not have the skills of a handyman, you might cause more harm than good to your kitchen sink. Considering how these services are usually affordable enough, it is best to leave them in the hands of pros.
Maintenance and repair needs that you can easily do on your own are those that don’t require the use of specialized or hazardous tools; repairs such as these:
- House painting;
- Front door repair (door bells, knobs, locks, deadbolt);
- Yard work (pulling weeds, trimming plants, mowing, shovelling snow); and
- Carpet cleaning.
When to let pros do the job
If your potential savings from doing your repair needs yourself is $50 but you will have to skip work or subject yourself to the possibility of a punctured finger, the math does not add up. In the end, any DIY repair project should be worth your time and effort. Most importantly, it should not compromise your safety.
Trust the pros, often times they are your smartest option.