Chantel Campbell’s Post

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Denver Realtor enthusiastically growing lifelong relationships through real estate

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

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