5 Ways To Stop Your Home From Being A Money Pit



The cost of running a home is a big shock for people when they buy their first house. When you’re renting, you don’t realize just how much money goes into taking care of a house because your landlord does it all for you. But when you own the home, you have to cover all of that yourself. If you’re not prepared for it, it can land you in some financial difficulty and you might have to make difficult decisions about whether to do maintenance or not because you just can’t afford it. But that doesn’t mean you have to spend all of your money on the house, there are plenty of ways that you can make it cheaper. With regular maintenance and a few basic changes, you can cut those costs drastically. Here are some simple ways to stop your house from being a money pit.






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Have A Maintenance Fund




Before we get into the different ways to cut the running costs of your home, it’s important to remember that you’re always going to have to spend some money on the house from time to time. That’s fine as long as you plan for it so you don’t get caught out by unexpected bills that could land you in financial trouble. That’s why it’s so important to build up some savings in an emergency fund. That way, you’ll be able to pay for any work that needs doing without having to rely on borrowing on credit cards which is only going to cause you financial problems in the future.




Clean Regularly






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It goes without saying that you need to clean your house regularly but not just for the normal reasons. Cleaning gets rid of any dirt and bacteria in the house and generally stops it from being disgusting, but did you know that it’ll also keep the house itself in better condition. Dust and dirt will shorten the lifespan of most of the appliances in the house, especially electronics. If they’re constantly getting clogged up with dust, they’re far more likely to break and have to be replaced. That’s always going to happen naturally over time but if you vacuum and dust on a regular basis, everything will last a lot longer without breaking.




Dirt can also damage paintwork around the house and leave marks and stains that can be expensive to remove. Carpets will need replacing a lot sooner if you let them get covered in dirt as well. It only takes a second to wipe things down or run the vacuum over the carpet but it’ll save you a lot of time and money in the long run.




Set Up A Maintenance Schedule




There are a lot of jobs around the house that need doing regularly but they’re usually put off. Things like cleaning out the gutters are fairly simple to do if you do it often, but if you leave it for ages, you might end up having to pay a professional to clean them out. If you really neglect it, it could even cause leaks and damp problems in the house that will be very expensive to fix. That’s just one example of why it’s so important to do small maintenance jobs on a regular basis. If you’re not very good at keeping up with that kind of thing, write yourself a maintenance schedule and stick to it. If you do it that way, you can spend an hour or two every week doing small jobs but if you leave it all to stack up, you’ll end up spending an entire weekend fixing up the house and the job will be a lot harder than it needs to be. Most problems around the home can be avoided by regular maintenance so always stick to that schedule.




Learn DIY






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Basic cleaning and maintenance are easy to do yourself but you probably have to call people in to do some of the harder jobs. If you’re paying somebody every time a small repair needs doing, you’re wasting a lot of money. Most of those jobs aren’t really that hard and you could probably just do it yourself without having to pay somebody. Most cosmetic work like painting etc. is simple and you can easily do it on your own if you just watch a couple of online tutorials but you need to know which jobs you shouldn’t do on your own. Anything structural or to do with plumbing and electrics is probably best left to a professional. You can fix a leaking tap on your own but don’t go messing around with the boiler. You’ll probably make it worse and it’ll cost you a lot more in the long run.




Cut Out Utility Bills




Your utility bills are probably one of your biggest monthly expenses so if you can cut those out, your home won’t cost anywhere near as much to run. If you’re willing to invest a bit of time and money, you could even consider generating your own power. By putting solar panels and wind turbines on the house, you should be able to produce enough electricity to run the house. In some cases, you might even generate a surplus which means you can actually make money selling it back to the national grid instead of paying them for electricity.




Collecting water is another easy way to save yourself a lot of money. If you live in a particularly wet area then you might be able to fill water tanks enough to run the whole home. Even if you live in a dry region, it’s still worth getting some installed because you’ll still save a bit of money each month if you can collect some water and pay for less.




If you’re not willing to or you’re not in a position to spend the money on generating your own electricity and water, that doesn’t mean you can’t cut your energy bills. Simple things like remembering to switch things off and turning the heating down can make more of a difference than you realize but if you really want to save, the best way to do it is replace your old appliances with new energy efficient ones.




Make these simple changes around the home and you’ll find that the amount of money you spend on upkeep drops drastically.