KEY TEAM at Compass Real Estate’s Post

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 notes I’ve shared with my buyers — I’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, I've created a tracker that will help you manage it all. Just shoot me a message, and I’ll send over my Homeowner Maintenance Tracker.  How Much Does Roof Replacement Cost in 2024? | Angi Cost to Replace Furnace and Air Conditioning [2024 Data] | Angi Deck Replacement and Repair Costs [2024 Data] | Angi How Much Does a Washer and Dryer Cost? [2024 Prices] #DenverHomesForLife NewHomeOwnerTips #HomeBuyerTips #RealEstateDenverCO #RealEstateGoldenCO #RealEstateLakewoodCO

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

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

Your home is one of your biggest assets and it's important that you take care of it so that your home's value doesn't diminish. Here's a list of home maintenance tasks to help keep your home looking its best: https://brev.is/PtFp9. #HomeMaintenance #Homeownership

Your home is one of your biggest assets and it's important that you take care of it so that your home's value doesn't diminish. Here's a list of home maintenance tasks to help keep your home looking its best: https://brev.is/R84Xd. #HomeMaintenance #Homeownership

Your home is one of your biggest assets and it's important that you take care of it so that your home's value doesn't diminish. Here's a list of home maintenance tasks to help keep your home looking its best: https://brev.is/kIq2h. #HomeMaintenance #Homeownership

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 notes I’ve shared with my buyers — I’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. Start a general home repair fund even if you can’t save for all of these at once. Plus, I've created a tracker that will help you manage it all. Just shoot me a message, and I’ll send over my Homeowner Maintenance Tracker. How Much Does Roof Replacement Cost in 2024? | Angi Cost to Replace Furnace and Air Conditioning [2024 Data] | Angi Deck Replacement and Repair Costs [2024 Data] | Angi How Much Does a Washer and Dryer Cost? [2024 Prices] #Yourlocaltwincitiesrealtor

Your home is one of your biggest assets and it's important that you take care of it so that your home's value doesn't diminish. Here's a list of home maintenance tasks to help keep your home looking its best: https://brev.is/ZKRzt. #HomeMaintenance #Homeownership

Your home is one of your biggest assets and it's important that you take care of it so that your home's value doesn't diminish. Here's a list of home maintenance tasks to help keep your home looking its best: https://brev.is/ewiaq. #HomeMaintenance #Homeownership

Why You Shouldn’t Skip a Home Inspection – Even If You’re Waiving Contingencies! A home inspection is more than just a formality; it’s an essential step in understanding your property inside and out. This is your chance to create a list of repairs or updates you may want the seller to address before closing. Typical inspections might include sewer, roof, radon, structural, meth, septic, and well tests. Inspections may vary depending on the property type, location, and any additional features that need to be assessed. •Understand Your Home’s Functionality: A home inspection is your chance to learn how all systems and structures in your new home operate, from plumbing to electrical. Get to know what you’ll need to maintain yearly to keep it in top shape. •Identify Major Issues Early: Even if you’re waiving repair requests, an inspection can reveal costly structural or functional issues that may need immediate attention. Spending $600-$1,200 on an inspection could save you tens of thousands in future repairs. •Set Your Maintenance Routine: An inspection creates a “punchlist” for your home, helping you prioritize and plan for ongoing care. Regular upkeep is key to preserving your investment. •Get a Feel for the Neighborhood: Take this opportunity to introduce yourself to the neighbors! They can share valuable insights on the area and even shed light on the home’s history that you might not learn elsewhere. This could help you feel more connected to the community before you even move in. •Gain Confidence as a Homeowner: Without a walkthrough from the seller, the inspection is often your only guided look at your new home. It’s your moment to ask questions and feel confident about your purchase. •Avoid Surprises Down the Road: Whether it’s an unexpected maintenance need or hidden costs, a home inspection can help you avoid the “unknowns” that sometimes come with resale properties. Better to know upfront than be surprised later! Bottom Line: An inspection is the best investment in ensuring your peace of mind. A clear understanding of your home means fewer surprises and a stronger start as a homeowner! . #denver #denverrealtor #savvystacey #realestatetips