Now that Christmas and New Year are over, I think we can sit down and see what surprises may occur.
I’m not talking about your bank credit card, although I’m sure many people would like to forget that one.
What I think is your biggest investment: your home. Fortunately, Murphy’s Law is not rear its ugly head.
Consider a few things you might not planned, but that could go wrong. They can add to your “unbudgeted Account”. In other words, things are not considered when preparing its annual budget.
Here are some things that come to mind, and an overall estimate for repairs:
roof failure: leaks caused by frost and ice. Repair: $ 1,000.
failure glass window, window replacement glass: $ 300 per window.
Perimeter drain connected by roots and debris: $ 500 to $ 12,000.
The floor and the basement: black hole clogged sinks, causing floods: $ 500 to $ 1,000, plus the insurance deductible.
Cracked concrete (of frost heave). Need to repair dangerous areas of work: $ 1,000 to $ 3,000.
Fireplaces, used for the first time in a long time. Fireplace could be blocked by debris or birds / squirrels nest there, or there may be cracks in the chimney: $ 1,500 to $ 2,500 plus the insurance deductible.
Fireplaces, used for the first time in a long time. Registration may not function properly or may be problems with blocking the chimney: $ 1,500 to $ 2,500 plus the insurance deductible.
Ventilation: bathroom and kitchen fans may need replacement due to age and excessive noise: $ 300 to $ 600.
Gutters: angles are causing poor water drainage gutters and freeze fracture causing $ 1,500 $ 1,000 plus the insurance deductible.
Tree pruning: heavy snow can cause limbs to break, damage the lining, ceilings and / or windows etc. $ 500 to $ 1,000, plus the insurance deductible.
I do not think really much on the money that may be needed to repair any of the above, as to what can be done to prevent the possibility of these things happening.
I refer to this as preventative maintenance.
An ounce of prevention in most cases worth a pound of savings.
My advice is that your home inspected by a qualified inspector can identify areas where you may have a potential problem lies.
The best thing about the household budget is going to allow you to have the funds available when needed in the future.
It is much less painful than trying to get money or request service the financial needs that could be devastating.
Owning a budget organized by unforeseen repairs means it will be ready when and if the funds are needed.