Whether you’re at the beginning of your home-buying journey or a longtime homeowner, you want to be confident in knowing how to maintain your home. But feeling overconfident in your abilities could harm your biggest investment — and cost even more in terms of repairs and insurance claims.
We polled 1,000 U.S. homeowners on their knowledge of their home’s maintenance systems, insurance policies, home improvement budgets, and DIY skills. And here’s what we learned: homeowners’ confidence levels don’t always line up with a true understanding of their home.
Luckily, recognition is the first step toward preventing home disasters — even for seasoned homeowners. Read on for insight into commonly misunderstood areas and tips on becoming a true home maintenance maven.
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Time is money, and no one wants to spend more of either. But there are ways to stay ahead of costly repairs that could result in DIY fails or (worse) insurance claims.
Here are 5 expert tips on how to become a home maintenance maven.
- Set aside an annual budget of one percent of your home’s value for “just in case” situations
- Hire credible professionals to ensure home maintenance projects are done right
- Learn which projects are appropriate for DIY-oriented homeowners
- Clean, inspect, and check home maintenance systems on a regular basis to avoid claims
- Know what your homeowners insurance policy covers and what it doesn’t