Do You Have the Cash to Cover Common Home Repairs?

plumber-228010_1920

 

If you’re in the process of buying your first home, you probably already know that you have to save for a down payment, put money aside for furniture, and fund an escrow account. However, there are many other expenses that you may not have considered. One of these is the cost of home repair and maintenance. Popular money blog Generation X Finance explains that “unexpected expenses that can really put a hurt on your budget if they aren’t accounted for.”

 

Before we get into specifics, let’s talk about ways you can protect yourself from overspending. First, maintain your home. This means having your major systems serviced annually, cleaning, painting, and repairing issues on the exterior as they arise, and treating your home and appliances with respect. You also have to be on the lookout for less-than-honest contractors who might dupe you into paying for repairs you don’t really need or, worse, cause damage to your property that they can conveniently fix for the “low price” of X extra dollars. Before bringing any repair professional into your home, do your research. Look online for reviews, and interview at least three service providers for each new home repair or improvement project.

 

How Much Do I Need?

 

No universal dollar amount is guaranteed to cover all of your unexpected home repairs. However, it is generally accepted that you should put aside approximately 2 to 4 percent of your home’s value specifically for this purpose. For example, if your home is valued at $350,000, plan to have at least $7,000 stashed away. And remember, your homeowner’s insurance won’t cover issues related to general wear and tear or negligence.

 

Common Repairs

 

Perhaps one of the most expensive home repairs you’ll encounter is installing a new roof. If you have plain asphalt shingles, you may be able to get away with adding a second layer if the underlying structure is in good shape. Eventually, however, you’ll have to do a complete replacement, and that can cost $10,000 or more. If your roof has missing shingles, damaged flashing, or you can see visible evidence of flooding, such as discolored or water-stained walls, you may need a new roof sooner rather than later.

 

Your HVAC unit is another significant expense that can range from about $3,700 to $15,000 depending on the size of your home and type of system you need. Hyde’s Air Conditioning, a California-based HVAC company founded in 1972, explains that even a well-maintained air conditioner will only last approximately 15 years. If yours is more than 10 years old or doesn’t keep your home comfortable from season to season, it may be time for a replacement.

 

Your electrical panel is, fortunately, something you can expect to last for many decades. However, they are not without faults, and an upgrade may be necessary if the home has been added onto or if you notice signs of faulty wiring, such as discolored power outlets, flickering lights, or a burning smell. A new 200-amp electrical panel costs between $1,300 and $3,000.

 

The plumbing system is another moving part that may require periodic repairs. Leaky faucets, clogged toilets, and busted pipes can cost hundreds of dollars each incident. If you have to replace your hot water heater, you can expect a bill of up to $1,500 depending on the type and size of the unit you need. More extensive repairs, such as replacing your incoming water pipes or outgoing mainline, can cost as much as a small car.

 

Don’t let unexpected expenses turn your dream home into a nightmare. Plan ahead for major repairs, and take your time when choosing a contractor. Your situation may be urgent, but you’ll be in far worse shape if you make a rash decision now.

 

Image via Pixabay

 

Enhance the Design and Style of Your Home with Modern Tables

TablesModern interior design concepts came to the forefront in the United States and elsewhere around the world in the middle part of the 20th century. The country, indeed nations across the globe, were recovering from the angst of the Second World War and were looking to a positive future. One of the effects of this trend was the design of “modernistic” home furnishings.

 

Modern interior design has become a well-regarded concept that remains popular in the 21st century. This includes the incorporation of modern interior design concepts into tables of different types.

 

Aria Round Tables

 

When it comes to modern tables, the Aria line of furnishings is one of the more well-regarded options available on the market today. Aria round tables are designed for a number of purposes. These include dining tables, side tables, and coffee tables.

 

Aria round tables feature tops made out of a variety of different materials. Popular Arial table tops include different types of tempered glass:

 

 

  • clear

 

  • whites

 

  • satin etched

 

  • smoke

 

 

 

Arial round tables are also available with tops made from different types of ceramic composite material, including:

 

 

  • marbled white

 

  • taupe

 

  • dark grey

 

  • marbled black

 

 

 

In addition, Arial tabletops are also drafted using natural wood options. The types of wood utilized for Arial tabletops include:

 

 

  • walnut

 

  • maple

 

  • cherry

 

  • ash

 

  • chestnut

 

 

 

The chestnut option utilizes reclaimed wood.

 

The base of Aria round tables of all derivations is crafted from stainless steel. There are three style options when it comes to the Arial table base:

 

 

  • standard stainless steel

 

  • white-colored stainless steel

 

  • black-colored stainless steel

 

 

 

Eero Saarinen Tulip Table

 

The Eero Saarinen Tulip Table is another example of vibrant modern design, in this case a well-crafted oval dining table. The Oval Dining Saarinen Tulip Table has been featured as part of what has become the iconic Eero Saarinen’s Pedestal Series for 60 years. This table design was initially introduced to the world in New York City in 1958.

 

The initial concept called for the table to use a plastic base, a common practice at the beginning of the modern furniture design era. Ultimately, the designed opted for an aluminum base to better support different types and sizes of tabletops, a design element that continues to this day.

 

The Eero Saarinen Tulip Table series not only includes dining room tables like this piece but also side and coffee tables as well. All tables in this design line feature round or oval tops.

 

The Eero Saarinen Tulip Table is an Italian produced reproduction of the original dining variety introduced in the 1950s. The top of the Eero Saarinen Tulip Table dining variety comes complete with quality stone and is designed to last for years.

 

The base of this stunning dining table is available in matte black or white, glossy black or white, and matte silver, depending on a customer’s taste. The Eero Saarinen Tulip Table dining tabletop is available in a variety of different stone options as well as different laminates. These include two popular options: white Carrara and black Marquina.

 

The stone tops are protected with a durable natural wax finish. In addition, the base of this dining table is protected with a clear finish over an epoxy paint that effectively resists scuff, stains, and scratches.

 

Pratt Tables

 

Another line of modern table designs are those from Pratt, a leader in these type of home furnishings. Pratt tables are square or rectangular pieces. They are designed as dining tables, coffee tables, and end tables.

 

Pratt tabletops are crafted using a variety of materials, including tempered glass. The tempered glass options for Pratt tables of all sizes are:

 

 

  • clear

 

  • whites

 

  • satin etched

 

  • smoke

 

 

 

Pratt tables feature other types of tops that include:

 

 

  • white laminated plywood

 

  • black laminated plywood

 

 

 

Pratt tables are also available in different wood tops:

 

 

  • walnut

 

  • maple

 

  • cherry

 

  • ash

 

  • chestnut

 

 

 

The base of Pratt tables typically is made from white steel. There are alternative color options that include:

 

 

  • blossom

 

  • ocean

 

  • yellow

 

  • orange

 

  • red

 

  • green

 

  • navy

 

 

 

One of the overall benefits of selecting modern tables for a residence is the ability to mix and match products and designs. The reality is that modern tables with different tops of bases harmonize readily with one another. In addition, modern tables readily complement other design and style concepts as well. This renders modern tables not only inherently attractive but highly versatile as well.

 

====

 

Jessica Kane is a writer for Bauhaus 2 Your House, who offer only the highest quality mid century modern furniture and contemporary furniture direct from Italy.