Amy Terry’s Post

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Experienced Realtor & Managing Broker | 19 Years of Expertise in Real Estate | Dedicated to Client and Agent Results

One thing I won't stop telling new homeowners? Budget for repairs and replacements. Taking this advice early in homeownership can be a lifesaver down the road. Here are some areas to keep in mind: 🏡 Roof Life span: 20 years Average replacement cost: $9,000 Savings plan: Save $20 - $40/month 🏡 HVAC/Furnace Life span: 15-20 years Average replacement cost: $7,500 (replace both at once to save) Savings plan: Save $10 - $30/month 🏡 Smoke Detectors Life span: 8 years Average replacement cost: $20 - $50 each Savings plans: Replace one detector each year. 🏡 Washer and Dryer Life span: 10-15 years Average replacement cost: $1,000 to $2,300 per set Savings plan: Save $10 - $50/month per appliance Stashing funds away in a High-Yield Savings Account (HYSA) each month can give your savings an extra interest boost. Even if you can’t save for all of these at once, start a general home repair fund. When the day comes, you'll be happy you did! . . . #8z #homerepairs #homeownership #coloradohomes #coloradorealestate

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