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  • Ryan O.

Budgeting For The Repair


Homeownership can be difficult. If you're not a handy person, dealing with repairs can be a frustrating thing.


When my wife and I purchased our home, the previous owner did a few renovations. Overall, the unit was turn-key and we were happy the fridge and range were newer. Despite having no major problems during our ownership, I realized there were a few things the previous owner neglected. These items were painting, installing a new washer-dryer, and miscellaneous things regarding the bathroom.


Making repairs to your home can be stressful. However, keeping things up to date is important. Rather than turning a blind eye, my wife and I felt it was best to tackle these projects head-on. Here are a few things we did:


Plan Ahead

Like contributing to our retirement financial accounts, my wife and I set aside money every year for home maintenance projects. For 2020, we plan on changing our main shutoff water valve and all the angle valves and installing a water heater. The important thing is my wife and I started to budget for these expenses in 2019. Saving a few dollars here-and-there have really helped us in the long run.


Research

There is a bunch of free content online. For example, I had patch some drywall before I re-painted. I had no idea how to do this. After watching a few YouTube videos, I felt confident in doing this task.


Another thing you can do is talk to your family and friends. This was particularly helpful since many of my people could share their experiences in doing the same type of project.


-Roda


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Ryan Oda (RB-23073) is a Real Estate Advisor with Forward Realty (RB-19423) in Honolulu, HI.