Monday, August 24, 2009

Taking Care in One of Our Largest Investments

One of the largest investments we make is buying our homes. The best way to protect this investment is to perform routine maintenance such as regular repairs, inspections, and cleaning that either prevents and catches problems before they turn into major ones, but also keeps our home fresh and new. Routine maintenance and home improvement not only saves you money and protects your financial investment but provides a healthy, safe, and secure and happy place for your family to live. By taking care of your home, you can have the greatest of returns, not only financially- but emotional ones with priceless memories.
The value of you, taking charge of the routine maintenance, repair and home improvements is that you can do them as they are needed, ”again saving you money”, and that you can plan ahead for them. Most simple maintenance and repair issues can be performed by the home owner such as a dripping faucet, dirty filter, broken receptacle; broken window etc… major tasks such as re-roofing or repainting can be difficult if not impossible without the need of outside help. Performing your own repairs familiarizes you with knowing where and how to turn off your water, gas, and power supplies “that is helpful especially in an emergencies”, but it also enables you to also do the simple upgrades and replacement when needed, keeping your cost down and your home at it best.
Although you may like to think you can do it all, unfortunately it important to know your limitations. Sometimes it can be a very costly and a mistake to try to do the repairs/replacement yourself especially if it is out of the scope of what you can do and the law requires it to be performed by a license professional. The repairs involving gas, HVAC refrigerants, plumbing, sewage, drainage, and electrical or work where building codes require it to be supervised/performed by a licensed professional should ALWAYS be done by one. Trying to do it yourself can cost you time and money. Especially if the job is not done right resulting in a major safety hazards and property damages not to mention the possible fines and legal costs that may occur. Also it is really hard to look like a "hero" if your family has not been able to take a shower for 24hrs. It is best to stick to the basics unless you have the training to perform the higher level maintenance required, again I say know your limitations, and call for help when needed.
Routine maintenance is only one of the ways to keep your investment in your home safe. A time may come when you will have to consider protecting your investment by making necessary changes/improvement by getting extra money. For those home improvement projects that might be out of the scope and capabilities of the home owner, many people consider the option of seeking home improvement loans and having someone else do it for them. There are numerous resources out there for those who wish to get help in financing their home repairs and improvements. From an unsecured loan, line of credit or cashing out their home equity to getting VA/FHA loans from a government agency.
Taking care of your home is very important and routine maintenance should be all about saving you time and money and home improvements and remodeling keep your homes appeal high. But most of all, routine maintenance and repairs along with home improvement make your home a sound investment that does not only give you and family a wonderful place to live, but an investment that can grow.
Robert to the rescue

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