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
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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.
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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. 𝐁𝐮𝐲 𝐰𝐢𝐭𝐡 𝐁𝐫𝐢 • 𝐋𝐢𝐬𝐭 𝐰/ 𝐋𝐨𝐦𝐛𝐚𝐫𝐝𝐨 914.907.9173 bri.lombardo@korman-realty.com LET'S PLAN YOUR NEXT MOVE®
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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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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
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🛠️ 😨 The hidden cost of homeownership isn't the mortgage - it's the surprises. Good news is, you can protect yourself by being smarter. 💡 Our analysis shows why home warranties are becoming essential in today's market: • 93% of warranty holders use their policy annually (NHSCA) • Average savings: $2,500/year on covered repairs • Pre-screened repair network = no more emergency contractor searches • Particularly crucial for aging homes in high-risk areas Smart homeowners aren't just protecting against breakdowns - they're protecting their entire investment. 🏡 💸 Learn more about how modern home warranties are evolving: https://lnkd.in/gqYeSpa8 #RealEstate #Homeownership #PropertyManagement #HomeWarranty
Safeguard Your Investment: Why Every Homeowner Needs a Home Warranty
blog.hengeproperty.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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Home warranties aren't just "nice to have" anymore. They're becoming a crucial tool for protecting both your home and your budget. This isn't insurance you hope to never use - it's a financial tool that protects your bottomline and more importantly, your peace of mind. 🧘🏽♀️ 😌 Check out our latest analysis on why warranties matter: https://lnkd.in/ged46DDx
🛠️ 😨 The hidden cost of homeownership isn't the mortgage - it's the surprises. Good news is, you can protect yourself by being smarter. 💡 Our analysis shows why home warranties are becoming essential in today's market: • 93% of warranty holders use their policy annually (NHSCA) • Average savings: $2,500/year on covered repairs • Pre-screened repair network = no more emergency contractor searches • Particularly crucial for aging homes in high-risk areas Smart homeowners aren't just protecting against breakdowns - they're protecting their entire investment. 🏡 💸 Learn more about how modern home warranties are evolving: https://lnkd.in/gqYeSpa8 #RealEstate #Homeownership #PropertyManagement #HomeWarranty
Safeguard Your Investment: Why Every Homeowner Needs a Home Warranty
blog.hengeproperty.com
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Understand what homeowners need. Check out this list of home maintenance tasks homeowners will need and consider how you can provide these services to them with your home services business. https://bit.ly/3UA2qIx
Home Maintenance Checklist: The Ultimate Plan
amfam.com
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Understand what homeowners need. Check out this list of home maintenance tasks homeowners will need and consider how you can provide these services to them with your home services business. https://bit.ly/3UA2qIx
Home Maintenance Checklist: The Ultimate Plan
amfam.com
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