How to Prevent Costly Home Repairs

Owning a home, especially a century old home in downtown Toronto can be costly. This week we want to explore how to prevent costly home repairs and what regular maintenance you should do so your repair bills don’t skyrocket. The repair bills for a destructive roof leak or an inconvenient appliance failure can really catch homeowners off guard, and while it may seem like a disaster at the time, standard insurance policies don’t cover damage or repairs that result from normal wear and tear or lack of maintenance.

It’s a good idea for homeowners to expect some natural deterioration of their property and to budget appropriately for repairs that are likely to become necessary given the age or condition of their home. For buyers, who are considering a purchase, a property inspector can provide specific information about the age of a home’s most vital systems and its overall construction quality.

The hardiness of the materials used to build a home generally determines how long the components are likely to last, but the quality of the installation, intensity of use, local climate conditions and a level of maintenance can impact their actual longevity.

The most durable materials used today, including hardwoods, composites, stone and various tiles, can last a lifetime with the proper care and maintenance. However, they are often reapplied prior to the end of their useful life for aesthetic reasons, as styles, preferences and decorative options change over time.

When replacing worn-out or dated features, many agents recommend that homeowners select materials and upgrades that are in line with the neighbourhood norm. Over-improving or under-improving can limit the potential return on your investment. If you are unsure about how you can improve your home, call us or email us at info@wyhomesco.com.

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