Molehills and Mountains – Taking Care of Home Repairs

September 22, 2010 in Home Safety & Maintenance, Investing In Real Estate

  

townhouse

Whether you are a homeowner, landlord or a property manager, the most important thing you can know about making needed repairs on a property is to “do them quickly”. It is not only important to take care of any maintenance and repairs quickly for your tenants’ sake (if you have rental property) but also for the sake of your bank account.  Often letting that little repair go unaddressed can turn it into a big expensive problem. What once was a “molehill” suddenly becomes a “mountain”.

 

Home Repair Basics

Whether you are a DIY person or you would prefer to hire a contractor or handyman to take care of the repair, you need to budget for these unexpected expenses. Setting money aside for the inevitable will allow you to get the repairs done in a timely manner. Whether it is a small plumbing leak, a leaky roof or something like piece of deteriorated wood on a window frame, not taking care of these things promptly will inevitably result in you having a big problem to deal with later on. That loose shingle that is letting water seep in can turn into damaged drywall, mold and a mighty big repair bill.

 

Routine Maintenance

Performing routine maintenance on your property can pay big dividends later on. It is a good idea to have a seasonal maintenance schedule.  For instance, when summer is over, get in the habit of having the HVAC system professionally inspected. Not only will the AC be ready for summer next year, but you will be sure your furnace is functioning properly. After the leaves have fallen off the trees the gutters should be cleaned. Removing debris and leaves will prevent water from standing in the gutters. Gutters that are not draining properly can cause damage to the wood behind them, water to leak into the house, and the gutters themselves can be damaged. A small piece of exterior wood trim that is beginning to deteriorate will no longer be a simple repair 12 months from now.

 

Getting Things Done 

If you plan on doing the home repairs and routine maintenance yourself, it is wise to keep some basic tools and supplies on hand to take care of the all of the things that will be sure to come up. You will be much more likely to take care of them quickly if everything you need is easily accessible. For larger or more specialized repairs, it is always wise to have a list of trusted professionals you can call when needed rather than trying to find someone in an emergency.

Home Repairs don’t have to be a big deal if they are taken care of promptly especially if you have a plan of action or a procedure in place before they are needed. Not only will you save yourself time and a lot of frustration, you will save a lot of money in the long run.