Property Manager MA: The cost of ignoring Home Repairs
It’s always a great feeling owning your new home. However first time owners will always face some problem or the other, even if the house is brand new or recently renovated. All homes need maintenance some time or the other. Maintenance can be a simple job or it can be a very big project. Sometimes one is unable to tackle the project because you either don’t have the expertise or you lack the budget. The downside of not doing any maintenance is that it will cost you a lot of money in the long run. Not only will it ruin the home, but it can also lead to more pricy home insurance claims. Pricy home insurance claims will also lead to higher premiums in the future.
Start at the top
The best place to evaluate is from the top. If there is a lot of rain or hailstones, it can damage the shingles on your roof. In some cases, it can create a hole in your roof which can lead to water damage.
A good method is to use a ladder and check your roof after the storm is over (or when the seasons change). If you can afford it, get a professional to check your roof. It may cost you a bit but it’s still better than leaving it too late and having to pay more for it.
The other threats to your roof come from trees, as a tree branch can crash through your roof. The best way to take care of it is to make sure that you get rid of all the dead or damaged branches before they can damage your house. It’s a good idea to get a professional to do the job for you. If you don’t do any of the above, then the cost of your weather related insurance claim will be more than $7000.
Property Manager MA: Fire
It is important to make sure that you protect your home from fire. If your heating and cooling system is not maintained properly, then there is the risk of fire. The same applies to your electrical wiring, if it tends to be old.
A good way of preventing this is to have a professional inspect your heating system if it is more than 10 years old. In the case of electric wiring, get a professional to upgrade your system. Do not do it yourself as it can be potentially fatal or hazardous to your health.The average home insurance fire claim is around $34,000.
If you ignore your plumbing problems, it can cause thousands of dollars’ worth of damage to your place.
The best way to tackle this is to make sure that you replace all worn or leaky hoses. Get a professional to clean your gutters for you so that there is no water retention. An average water damage claim costs around $7,200.
It’s important to remember that even though your home insurance will pay for these claims, you still have to pay the deductible and your premiums will go up.
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