Home ownership has its wonderful benefits, and as one of the single biggest financial assets many people own, preparing, planning, and making home maintenance a routine are important.
Personal finance experts recommend setting aside at least 1 percent of your home price each year in a separate account for maintenance and repair costs.
Automatically deducting the funds from your paycheck or automatically transferring it between accounts each month can make this easy. Some years homeowners will have less than 1 percent in maintenance costs or repairs and some years they will have more. When something big and unexpected happens; for example it’s finally time to replace the roof; this will provide the financial cushion to take care of it and the peace of mind knowing one of their biggest assets is well taken care of.
Source - MSN Money
Best Regards,
David J Edwards
Real Estate Agent & REALTOR
Edwards Real Estate Group
Keller Williams Realty Southeast Sound
Phone: 425-636-0296
Fax: 425-902-1899
E-Mail: David@EdwardsRealEstateGroup.com
Website: http://www.EdwardsRealEstateGroup.com
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The Edwards Real Estate Group specializes in Residential Real Estate for buyers and sellers.
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