3 Resolutions For Homeowners In 2019
New Year’s resolutions aren’t just for health and wellness. Being a homeowner is one of the best feelings but it also can come with some big headaches. This year, let’s all resolve to be more prepared homeowners by making our homes more efficient, tackling repairs right away and setting up an emergency fund.
Don’t Put Off Repairs
Whether it’s a leaky faucet or missing shingle, it’s best to address maintenance issues right away. Not taking care of issues as they arise can equal out to a way bigger problem down the line. For example, a missing shingle can magnify into a roof leak, which can then turn into interior water damage throughout your home.
Tackle small issues head-on and you’ll keep your home and your wallet happy long-term. Plus, if you go to put your home on the market, it will be ready to hit the market right away and pass a home inspection with flying colours.
How To Stop Spending Money On Energy Inefficiency
Spending money on an inefficient home is so 2018. In 2019, we recommend having a home energy audit performed. An energy audit can typically be performed by your utility company or another professional. It will help you identify drafts and areas that need insulation beefed up.
Energy audits typically come with provincial or federal rebates – check with your governing body – and they can help put more money in your pocket as the years go by. These savings will be perfect to kick off our next tip.
Set Up An Emergency Fund
Being a homeowner is one of the best feelings, but it can also come with a big price tag. A resolution that should be on every homeowner’s list as we head into 2019 is an emergency fund. Whether you strive to save $500 or $5000, just start saving. You never know when your furnace is going to quit or an unexpected repair is going to come up.
When you are a homeowner it’s a good idea to save a minimum of 3 months expenses. This will ensure that you are covered when a rainy day strikes and you will need the financial cushion.