I thought we’d continue on the topic we delved into last week (home repairs and improvements) and expand on it a little further this week. As every homeowner knows, it takes an awful lot of green to be able to pay for the keys to your new front door (and, y’know, the rest of the house, too). On top of having enough money stored away to be able to pay for the San Diego home loan itself, buyers need to have extra funds set aside to cover closing costs and insurance, not to mention any moving expense that inevitably come up and the real estate fees — all of which need to be taken care of before that first monthly mortgage bill even shows up.
As we discussed last week on the subject of needed home repairs, a savvy-eyed home buyer would keep a look out for any part of the house that might need repair (fixing the roof, or upgrading any older appliances such as a kitchen stove) so they can report those and gets some credit towards those much-needed repairs. But even if you didn’t notice those fixtures that needed repairing until AFTER you moved into your home, you shouldn’t fret too much, so long as you’ve found what needs to be fixed or replaced, and started setting aside funds for it now.
Many different home components — like your roof, electrical system, refrigerator, etc. — have a general life expectancy of anywhere between 18-30 years, according to most home inspectors. Whenever a new or refinanced home is appraised, these components are inspected to gauge how close they are to the end of their “serviceable life”. Depending on the quality of components, how often they’re used, and how well they’re maintained, serviceable life can vary quite a bit.
So what are some of the common repairs you can expect to make?
No need to worry about what to inspect, we’ve got your handy checklist right here on what to check for maintenance:
- The roof. That thing can take quite a beating, especially if you live in an area prone to more severe weather than, say, any of us in SD. Standard-issue roofs last around 20 years.
- The fridge. Make sure you’re frequently checking your ice box for any dust build-up around the vents that make it run hotter. A good refrigerator should last you at least 15 years.
- Garbage disposal. I learned the hard way as a kid that you’re not supposed to dump anything hard (like, say, popcorn kernels or chicken leg bones) in the disposal because, surprise!, those things can’t really ground anything that tough up.
- The A/C. Again, living in SD, this isn’t something most of us think about all that often (at least until those Santa Ana winds start blowing in), but you should always check you A/C unit for any signs of leakage and plug those up sooner rather than later to save on your energy bill.
Got some home repair tips of your own of what to look out for? We wanna hear them!