Consumers Credit Union’s Post

One thing we 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 notes We’ve shared with our buyers — we’ve updated it with 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 plans: 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.  Plus, We have created a tracker that will help you manage it all. Just shoot us a message, and We’ll send over our Homeowner Maintenance Tracker.  #keyteamsold #keyteamlisted #marealestate #selling603 #nhrealestate #nhrealtor #marealtor #southernnhrealtor #northofbostonrealtor #southernnhliving #northernmaliving #pelhamnh #windhamnh #salemnh #derrynh #londonderrynh #auburnnh #haverhillma #andoverma #keyteam #dracutma #hampsteadnh source: https://loom.ly/3jcFGRw https://loom.ly/cuyX1wo https://loom.ly/4BU8EnU https://loom.ly/5XDHGWc

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

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!

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

New homeowners should note that saving for unexpected maintenance costs is crucial when owning a home. The best thing you can do is have a home inspection completed prior to purchasing your home so you are aware of immediate repairs and you can plan for future maintenance and upgrades. #homeownershipgoals #newhome #buyingahome #homeinspection #harthomesvt #thehartteam

Whatever you do, don’t do this! ⛔ If you want to keep your home’s value high, NEVER ignore routine home maintenance. 🔨 It can seem like such a little thing, but ignoring home maintenance can have big consequences. Things that seem like small issues, when ignored, can quickly turn into big problems that can threaten your home’s value and your wallet. 😭 When home maintenance is ignored over a period of time, and then owners go to sell their homes, they get hit with a rude awakening: their home needs a lot of work to be buyer-ready. This puts them in a situation where they have to decide whether they want to sell for a lower price, or put in time and money to get the problems taken care of before selling. Consider this your friendly reminder to go fix that leaky sink or check out that weird crack in the wall NOW before it spirals into something big! Like this post if you are a homeowner! . . . #designgoals #homedesigntrends #homeownerhacks #cleanhome #cleanhomehappyhome

🏘️ 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)

Homeowners’ Guide: Interpreting Your Home Inspection Report 🏡 Buying a home is a major decision. Understanding your inspection report is key to making an informed choice. Check out our guide for navigating and comprehending this crucial document. #HomeInspection #HomeBuyingTips Read to know more: https://lnkd.in/ezUQsCf7

Discover key strategies for boosting home improvement sales in our latest post! Learn how only 4.99% of homeowners focus on safety, while 34.38% seek energy efficiency and 39.74% need repairs. Tailor your approach with insights on personalizing pitches, highlighting ROI, emphasizing cost savings, and offering flexible financing. Elevate your sales game by aligning with homeowner motivations. Dive in to refine your tactics and stand out in the home services market. Read it here: https://lnkd.in/dNpASZXU #conXpros #BusinessLeads #BusinessSuccess

This week’s article is entitled: “Maintenance and repair costs can be an unwelcome surprise for first-time homeowners. Here are some ways to avoid bill shock.” New homeowners, note that saving for unexpected maintenance costs is crucial – check out these essential tips.