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Worried About Home Maintenance Costs? Consider This

Are you worried about the costs of maintaining your home? As a homeowner in the Capital Region and Hudson Valley, it’s important to be prepared for these expenses, which can sometimes catch you by surprise. Regular upkeep not only keeps your home safe and comfortable but also helps in retaining or even increasing its value over time.

A good rule of thumb is to set aside 1-4% of your home’s value each year for maintenance. This means if your home is valued at $300,000, you should budget between $3,000 and $12,000 annually. This covers routine tasks like HVAC system checkups, gutter cleaning, and minor repairs which can prevent larger, more costly issues down the road​ (Bob Vila)​​ (​.

Consider the age and condition of your home’s systems. Older systems like furnaces, air conditioners, and water heaters might need more frequent repairs and replacements. It’s also wise to build an emergency fund for unexpected repairs, ensuring you’re prepared for sudden issues like a leaking roof or a broken water heater​ (HomeKeep™)​.

For those looking to streamline these costs, a home warranty can be beneficial. It covers repairs and replacements of major systems and appliances, providing peace of mind and potentially saving you significant money in the long run​ (​.

Planning and saving for home maintenance can seem daunting, but it’s essential for preserving your investment and ensuring your home remains a haven for years to come. If you have any questions or need advice on managing your home maintenance budget, feel free to reach out to our team. We’re here to help you navigate homeownership in the Capital Region and Hudson Valley.

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