🏘️ Understanding Home Maintenance Costs: A Crucial Aspect for Homeowners 🛠️ As an industry expert, it's my pleasure to share insights from a recent CNBC article that sheds light on a facet of homeownership often overlooked: maintenance costs. The survey by Angi highlights that a staggering 19% of new homeowners are caught off-guard by these expenses. 👉 Key Takeaways: 1. First-time homeowners are particularly prone to underestimating the costs associated with home improvements. 2. On average, Americans face $18,000 annually in hidden homeownership costs, with significant regional variations. 3. A thorough home inspection is non-negotiable. It's the cornerstone for identifying potential financial pitfalls. 4. Identifying deal breakers early on can save thousands of dollars – think foundation issues, termite damage, and water infiltration. 5. Proactive maintenance, such as routine tune-ups for HVAC systems, is essential to mitigating unexpected costs. 📈 Industry Implications: This data serves as a stark reminder of the importance of financial literacy for homeowners. The real estate, construction, and home services sectors have a unique opportunity to educate and offer tailored services that can ease the financial strains of maintenance. Furthermore, the rising costs underscore the rising demand for home warranty services and maintenance plans, potentially opening new markets and encouraging innovation in the home services industry. 📊 For professionals in these sectors, it is crucial to understand these dynamics and adapt services to meet the changing needs of homeowners, positioning preventative maintenance and education as key value propositions. 💡 The Call to Action: I encourage my network of real estate professionals, financial advisors, and home service providers to consider how we can better prepare new homeowners for these often unforeseen costs. Let's open a dialogue: How can we innovate to reduce these "surprise" expenses and increase homeowners' satisfaction? 👥 Share your strategies, experiences, or services that address this pressing issue and help foster a community where informed homeownership is the norm, not the exception. #RealEstate #HomeMaintenance #FinancialLiteracy #Homeownership #PropertyManagement #Innovation [Link to the CNBC article titled "Here's how to avoid surprises with home maintenance costs"] (Note: Actual URL could not be provided; please insert the appropriate link for LinkedIn recognition)
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In a recent survey earlier this year, over 70% of homeowners have stated that they faced significant challenges and regrets for not budgeting accordingly, not reaching out to a professional, or understanding the maintenance needs of their home properly. In addition, there is an estimated 40% of homeowners who feel "helpless" when it comes to having someone to reach out to for assistance in diagnosing the problem and providing that expert care in maintenance and repair. At #InHouse, our team understands the the homeownership experience is overwhelming when it comes to maintenance and repair. This is why we deliver exceptional service with our expert care to our members. We focus on being both preventive and reactive to your home maintenance needs to save you time and money. When you become an #InHouse member, your home is taken care from day one. You receive a - a dedicated home manager - team of expert professionals - personalized home maintenance plan - and much more with our membership benefits Visit us at In House to inquire more about our membership onboarding process. #homemaintenance #homeownership https://lnkd.in/grn-paAe
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In a survey, it was found that 68% of homeowners feel overwhelmed and/or feel lost about what it takes to properly maintain their homes. This number goes up to over 80% in first time homeowners. There are two major factors that I hear that contribute to this feeling of overwhelm. The first is not knowing where the heck to start or what is even on the list of maintaining a home. This is especially difficult for people because even if someone gives you a general list, it will be different for your home than someone else’s due to many different factors. The second reason I hear is money. This can either mean they feel overwhelmed by the cost of the projects that they have to do to keep up with maintenance, or (most commonly) didn’t take all of the correct steps to maintain their home and it cost them way more than they had budgeted for maintenance and now repairs. As experts, this is completely understandable that people are feeling this way. It’s A LOT. This is exactly why we have created a new service to ensure that all of your home maintenance needs are checked off. This innovative home maintenance service provides ongoing maintenance for every season customized to your home. We want you to have the peace of mind that your home is safe, and taken care of to prevent the unexpected large issues that come from skipping these home care steps. If you are interested in exploring what a home maintenance plan would look like for your Bay Area home, direct message me or comment below!
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Embarking on the homeowners journey? Here are 5 essential tips to help you plan costs, maintain your home, and understand utilities - avoiding future regrets. Begin your journey well-equipped. #ConsumersBlog https://bit.ly/3XyPQKP
5 Things Homeowners Need to Know to Avoid Regret Later - Articles - Consumers Credit Union
https://www.consumerscu.org
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Stay Ahead of Home Maintenance Surprises! 🏠💰 Check out CNBC's latest article for expert tips on avoiding unexpected costs and keeping your home in top shape: https://zurl.co/V7Wd #realestate #title #closingservices #heratitle
Maintenance and repair costs can be an unwelcome surprise for first-time homeowners. Here are some ways to avoid bill shock
cnbc.com
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One of the most surprising things for a new homeowner is the cost of home improvement projects and maintenance. Did you know that roughly 1 in 5 (19%) homeowners were surprised by their home maintenance costs in the last year? Here are some strategies for avoiding those surprise costs: https://lnkd.in/eMZDv6ys
Maintenance and repair costs can be an unwelcome surprise for first-time homeowners. Here are some ways to avoid bill shock
cnbc.com
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Unveiling the Hidden Truth: The Importance of a Sewer Scope in Your Home Inspection Are you in the process of purchasing a new home? 🏡 Don't overlook the importance of a sewer scope inspection! 🛠️ A sewer scope inspection involves inserting a specialized camera into the sewer line of the property to assess its condition. This process detects potential issues such as cracks, blockages, or deterioration that could lead to costly repairs down the line. Why is it necessary? Picture this: You move into your dream home, only to discover unpleasant surprises lurking beneath the surface. A damaged sewer line not only poses health risks but also financial burdens that can quickly drain your resources. By conducting a sewer scope inspection, you gain invaluable insights into the property's hidden infrastructure, empowering you to make informed decisions and negotiate repairs before finalizing the purchase. Let me illustrate with two scenarios: 👻 Horror Story: Sarah and John skipped the sewer scope inspection in their excitement to move into their dream home. Soon after, foul odors permeated their home, and toilets began backing up inexplicably. A collapsed sewer line was discovered, resulting in exorbitant repair costs and endless headaches. Their dream home had turned into a nightmare due to overlooking this crucial inspection. 😊 Happy Story: On the other hand, Michael and Emily insisted on a sewer scope inspection despite initial reluctance from the sellers. Minor issues with tree root intrusion were revealed, which they addressed with the seller before closing. Their proactive approach ensured they moved into their new home with peace of mind, safeguarding their investment for the future. In conclusion, a sewer scope inspection might not be the most glamorous part of the home buying process, but it's undoubtedly one of the most critical. By investing in this simple yet effective measure, you protect yourself from unforeseen expenses and lay the foundation for a smooth and worry-free homeownership experience. Before you sign on the dotted line, remember to look beyond the surface and uncover the hidden truth with a sewer scope inspection. Your future self will thank you! #RealEstate #Realtor #Realtors
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🏡 One tip we always share with new homeowners: Budget for repairs and replacements. Taking this advice early in homeownership can be a lifesaver down the road. Here are some updated notes we've shared with our buyers, including life span estimates, 2024 replacement costs, and monthly savings goals: 🏠 Roof Life span: 20 years Average replacement cost: $9,353 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 plan: Replace one detector each year. 🪵 Wood Deck Life span: 10-15 years Average replacement cost: $4,100 - $11,700 Savings plan: Save $20 - $50/month 🧺 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. Plus, platforms like Ally let you set up 'buckets' for each savings goal. Even if you can’t save for all of these at once, start a general home repair fund. Have more questions on this topic? Contact us today 👉 RealtyASG.com #HomeownershipTips #HomeMaintenance #BudgetingForHomeRepairs #RealEstateAdvice #HomeInvestment #SavingsGoals #HomeownersInsurance #HighYieldSavings #FinancialPlanning #HomeMaintenanceTracker #TampaRealEstate
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The Hidden Cost of Delaying Window Replacement#WindowReplacement #homeimprovements #SuperiorSalesSolutions When discussing window replacement with homeowners, it's crucial to highlight the potential financial consequences of postponing the project. At Superior Sales Solutions, we help our clients understand the true cost of waiting. During our consultations, we present homeowners with a comprehensive overview of their current situation, including photos of their existing windows. We then explain that, due to rising inflation and material costs, they could face an additional $200 per window if they choose to replace them now. However, the real eye-opener comes when we project the potential cost increases six months to a year down the line. By waiting, homeowners could be looking at an extra $700 or more per window, depending on the prevailing prices at that time. The realization of these potential cost increases often leads to a moment of clarity for homeowners. They understand that postponing the window replacement project could result in significantly higher expenses in the near future. At Superior Sales Solutions, we believe in providing homeowners with the information they need to make informed decisions about their home improvement projects. By sharing insights on inflation's impact and the hidden costs of delaying window replacement, we help our clients save money and protect their investments. If you're considering window replacement for your home, don't wait until costs skyrocket. Contact Superior Sales Solutions today to schedule a consultation and learn how we can help you navigate the process with confidence. #HomeOwnerTips #SaveMoney #TrustSuperiorSalesSolutions
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Unveiling the Hidden Truth: The Importance of a Sewer Scope in Your Home Inspection Are you in the process of purchasing a new home? 🏡 Don't overlook the importance of a sewer scope inspection! 🛠️ A sewer scope inspection involves inserting a specialized camera into the sewer line of the property to assess its condition. This process detects potential issues such as cracks, blockages, or deterioration that could lead to costly repairs down the line. Why is it necessary? Picture this: You move into your dream home, only to discover unpleasant surprises lurking beneath the surface. A damaged sewer line not only poses health risks but also financial burdens that can quickly drain your resources. By conducting a sewer scope inspection, you gain invaluable insights into the property's hidden infrastructure, empowering you to make informed decisions and negotiate repairs before finalizing the purchase. Let me illustrate with two scenarios: 👻 Horror Story: Sarah and John skipped the sewer scope inspection in their excitement to move into their dream home. Soon after, foul odors permeated their home, and toilets began backing up inexplicably. A collapsed sewer line was discovered, resulting in exorbitant repair costs and endless headaches. Their dream home had turned into a nightmare due to overlooking this crucial inspection. 😊 Happy Story: On the other hand, Michael and Emily insisted on a sewer scope inspection despite initial reluctance from the sellers. Minor issues with tree root intrusion were revealed, which they addressed with the seller before closing. Their proactive approach ensured they moved into their new home with peace of mind, safeguarding their investment for the future. In conclusion, a sewer scope inspection might not be the most glamorous part of the home buying process, but it's undoubtedly one of the most critical. By investing in this simple yet effective measure, you protect yourself from unforeseen expenses and lay the foundation for a smooth and worry-free homeownership experience. Before you sign on the dotted line, remember to look beyond the surface and uncover the hidden truth with a sewer scope inspection. Your future self will thank you! #RealEstate #Realtor #Realtors
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🏡💰 Worried about Home Maintenance Costs? Consider This! 🛠️✨ Owning a home🏡 is a dream for many, but the thought of maintaining it can be overwhelming. Fear not! Regular maintenance doesn't have to break the bank. By staying proactive and addressing small issues before they become big problems, you can save a lot of money in the long run. 🏠💪 Here is the article📖 titled "Worried about Home Maintenance Costs? Consider This". Just click on the picture/link below to read the article☺️. Connect with me to tackle more about the article and if you are interested to work with a real estate professional👩💼. I will help you to achieve your real estate goals☺️. Just contact me at: ☎️ (678) 507-9304 📩 soldbyjonika@gmail.com Visit my website🌐: soldbyjonika.com #HomeMaintenance #SaveMoney #HomeImprovement #DIY #EnergyEfficiency #ProactiveCare #HomeSweetHome #InvestInYourHome #FutureProofing #HomeownerTips #MaintenanceHacks #RealEstateTips #PropertyValue #HomeCare #LongTermSavings #HouseGoals #SmartLiving #ecofriendlyliving
Worried About Home Maintenance Costs? Consider This
jonika-freeman.weichertrealtorsvision.com
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