How much is your house worth today? If this question keeps you up at night, you’re not alone. Whether you’re a new homeowner or have lived at one address for decades, you’ve probably been concerned about home prices recently. We have good news: the steady decline in U.S. home values is slowing down in a trend experts call “deceleration.”
Regardless, home prices should not be the only thing on your mind when it comes to your wallet. Failure to maintain certain systems in your home or identify certain hazards early can result in more immediate financial strain – sometimes to the tune of $10,000. You may not have much control over the economy and home prices, but you can ensure your home doesn’t break your bank with these quick home maintenance projects.
The average sump pump only lasts 10 years, and without a working sump pump, water can collect on your carpet or concrete instead of flowing away from the house. Depending on the extent of the damage, a flooded basement can cost you anywhere from $1,500 – $10,000. A fifteen-minute check of your sump pump can prevent a basement disaster. For step-by-step sump pump maintenance instructions read: Inspect Your Sump Pump and Backup Sump Pump.
A new furnace will cost you between $3,000 - $5,000. A new filter? About $29. You do the math. Not only can a dirty air filter cause a furnace to malfunction or break, it also distributes dust and particles throughout your house.
Some filters need to be changed as often as once a month, others can last up to six months. Do you know what type of filter you have and its unique maintenance needs?
A warm, damp bathroom wall is a breeding ground for mold and mildew. To avoid a costly re-caulk or worse, a professional wall inspection, do a bathroom caulk inspection. Ten minutes of your time could save you upwards of $1,000. For step-by-step instructions, read: Bathroom Caulk Inspection.