SAVING MONEY

Saving Money As A Homeowner

Buying your own home is seen as the holy grail for many, but there are downsides. When you become a homeowner, you assume responsibility for all the costs involved in keeping your house or flat in good working order and fixing problems. Running a household can be expensive. To lower costs and reduce stress, we’ve put together some top money-saving tips. 

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Invest in routine maintenance

Investing in routine maintenance is one of the simplest and most effective ways to reduce the risk of damage and repairs and lower costs in the long term. From your boiler and gutters to your electrical appliances, it’s worth keeping up to date with basic tasks and making sure you’re up to speed with checks and tests. Contact reputable companies to service your heating system and test appliances. You can undertake jobs like clearing gutters, varnishing woodwork and weeding the garden yourself, or search for businesses that offer the relevant services in your area. Getting to grips with to-do lists can help you save money and prolong the lifespan of essential systems and appliances. 

Be aware of risks and hazards

Your home may seem like a blissful sanctuary on the surface, but what if it’s harbouring hidden hazards? It’s important to be aware of potential risks when you buy a house. Common problems you may encounter include damp patches, damaged roofs, blocked gutters, mould growth and cracks in the walls and floors. If you’re aware of hazards, you can be proactive in preventing issues. Buying a bathroom extractor fan to eliminate excess moisture and prevent mould is an excellent example. Go through each area of the house or apartment and note down concerns. Tackle existing problems promptly and inspect your home regularly. If you spot issues, seek advice. It’s best to intervene early to prevent the situation from getting worse. 

Shop around

Shopping around is one of the best ways to save money when you own a property. From home repairs, house insurance and services like external painting, gardening, window cleaning and plumbing to buying furniture, household accessories and electrical appliances, you can save a fortune by comparing prices. Get multiple quotes if you’re having work done and shop around for the best insurance deals and offers on services. Always choose reputable providers and read the terms and conditions carefully. It’s an excellent idea to search for verified reviews and get recommendations from friends, family members and neighbours. Local social media groups can also be a goldmine for tips, especially if you’re new to the area. Look for the best value quotes and deals rather than the lowest price. 

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Being a homeowner is wonderful until something goes wrong. Household maintenance and repairs can be costly, but there are ways to save money and lower risks. Invest in maintenance and routine checks and services and make sure you’re aware of potential hazards and warning signs to look out for. Address minor issues promptly to prevent further damage. Shop around for the best offers and deals on home insurance, services, utilities, furniture and appliances.