5 Ways To Lower The Cost Of Homeownership

Author: GoBankingRates

Buying a home can be pricey, but so can maintaining it. With repairs, remodels and upkeep, owning a house is quite costly. With so many things for everyday living increasing in price these days, make sure you are not overspending when it comes to your home.

Here are five ways to lower the cost of homeownership.

Perform Regular Maintenance

Addressing small issues, such as a leaky faucet or gutter cleaning, before they become major problems can help avoid costly repairs down the road in the professional opinion of Matt LaMarsh, a real estate advisor at Engel & Völkers.

“A home maintenance checklist can help you keep track of seasonal tasks,” shared LaMarsh, who stressed the importance of being strategic with renovations.

“Not all home improvements offer a good return on investment,” LaMarsh explained. “Focus on cost-effective improvements that add value to your home, such as updating kitchens and bathrooms, landscaping, or adding insulation.”

Shop Around For Essential Services

“Once you’re moved in, it’s worth shopping around for things like insurance, internet and utilities if you have options,” noted Pendergrass.

Pendergrass described how a lot of homeowners just go with the first provider they find “…but checking rates with a few companies can help you snag some deals. It’s a quick way to keep monthly bills a bit lower, and the savings definitely add up over time.”

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