How to Prepare for Emergency Repairs + Renovations

Written By Toni Pettis

Follow these tips to help you prepare for any emergency repairs and renovations without breaking the bank!

  • Set aside 1% of your homes value per year (possibly break this up into monthly payments to yourself of quarterly). Place that money in a high yield savings account.

  • Take from this account for necessary maintenance and repairs such as termite inspections, HVAC tune-ups, yearly landscaping for fire prevention and the big things like replacing sewer, roof & plumbing.

  • Year after year, depending on how much you use, you can reduce the amount you add to the account due to the interest the account is making.

  • Try to ensure 1% of the homes value is being added per year.

If big things happen, you’re covered and if they don’t - you’ve probably saved a good chunk for upgrades and renovations over time!

Toni Pettis