Archive for February 8, 2016
Most homeowners are aware that one price of owning versus lending is no more management and maintenance to fix everything for you, and necessary repairs do not call ahead to schedule an appointment. In theory, this should inspire someone who owns their own home to keep some money in savings so any repair to the house does not destroy the financial balance of your life. In practice, homeowners operate under the same optimistic bias as most people, never believing the worst will happen until they are trying to find some way to fix it. For those that do want to save money to prevent catastrophe, it is best to plan for the worst, and so here are four of the most expensive home repairs to give a more defined picture of what the worst entails.
- The Foundation
Pipe inspections are very important for the overall functioning of your home’s sewer system and plumbing system — but if you’re like most homeowners, you might not even know just how important it is! Take a quick look at the facts below and you’ll see what we mean:
- When a home’s plumbing system leaks water, this can become a huge cost that builds up slowly. The average home has water leaks — be it a broken pipe or a leaky faucet — which totals about 10,000 gallons of wasted water each year. This wasted water doesn’t seem like much when you look at it on a daily basis, but the cost really does add up. Without the proper pipe repairs, you could be wasting 10% more on your wate