Budget-Friendly Home Repairs for Homeowners Over 55

It can feel like half of owning a home is spending time, money, and effort keeping it in good repair. For homeowners transitioning into retirement, this can get more challenging, especially if you are working with a fixed budget. Let’s talk about some ways to keep your home safe and well-maintained without having to break the bank.

Making Small Repairs Helps Avoid Big Problems

Little problems will almost always become bigger, more costly problems over time if they’re left unaddressed. This is especially true for anything related to critical systems within your home – electrical, structural (like your roof), and plumbing. Low hot water pressure might mean there is a mineral deposit in the line. Even though its tolerable in your day-to-day life, it could shorten the lifespan of your water heater – and cost you more than getting the deposit cleaned out.

This is the type of work our monthly maintenance visits are designed to help catch: the small things that prevent bigger financial outlays in the coming years. We can fix them on the spot if possible or work with your home coordinator to schedule the right professional.

Don’t Underestimate the Importance of Maintenance

Regular maintenance should be a line item in your regular monthly budget. Changing your HVAC filters, having your HVAC system tuned up, getting gutters cleaned out, scheduling roof inspections – accounting for these maintenance items in your budget keeps your finances on track. Not only will you already have money set aside to cover the cost of these chores, keeping up with them regularly keeps your home in good condition and helps you avoid suddenly being hit with a big bill for something that could have been avoided.

Remember: it’s reasonable to expect 3-4% of your home’s value to be the cost of annual maintenance (some years a lot less, some years more). But by doing regular maintenance on bigger ticket items you can keep those costs as low as possible.

Maintaining a budget can be tricky – especially as you and your home both get older. It’s easy to let things pile up until they become overwhelming. What if there were a way to have help from a handyman monthly, access to already vetted professionals, and someone to help coordinate both with one simple phone call? That’s what Golden Home Management is here for. We can help –give us a call.