When you purchase a home, you’ll likely budget for your mortgage payment and property taxes, but it’s very important not to leave out some money for home improvements and maintenance.
The reality is, while maintenance and improvements to your home may not feel like priorities at the time, putting off repairs or not budgeting for them can have a negative impact on your largest investment.
Protecting Your Home’s Value
Once you purchase your home, its value can rise and fall. Performing both regular maintenance and improving your home throughout your mortgage is a great way to ensure that your home’s value grows. This will help you ensure that you sell your home for a profit later on.
The great thing is, increasing your home’s value doesn’t have to come with a big price tag. Check out “5 Simple DIY Renovations” to find some inspiration for your own home.
Preventing Larger Issues
Regular home maintenance like roof or floor inspections/repairs can help ensure that you don’t face a larger issue down the line. Paying for an inspection and small repair will be much less hard on your wallet than an entire replacement.
Keeping Your Family Safe
Regularly performing home maintenance and improvements can make you aware of potentially dangerous situations sooner. These could include mold, electrical problems, or even weak spots.
Check out our blog “Toxins in the Home” to learn more about mold and other toxins that can harm your family.
If you’re interested in taking the leap into homeownership, CNE is here to help. Give us a call to get started!