2023 Resolutions for Homeowners

Homeowner's Resolutions for 2023

WHY WE SUGGEST RESOLUTIONS FOR HOMEOWNERS

Why worry about homeowners’ resolutions for 2023? Well, we just started the new year but for most of us, it’s already off to a quickly-paced start. And as homeowners, neglecting key “home health activities” could result in having a “not-so-happy” 2023. Creating a list of resolutions for home owners, and following through on them will help prevent this.

UPDATING YOUR HOME INVENTORY

Remember to update your home inventory for insurance purposes. If you don’t have one, make sure you make this a top priority for 2023. This is because you never know when a disaster may strike. Fires, flooding, earthquakes and more often happen without warning. Moreover, during or immediately after a disaster is the worst time to try to accurately determine what you have lost in order to report it to your insurance company. For tips on creating a home inventory, visit the Insurance Information Institute at https://www.iii.org/article/how-create-home-inventory.

CREATE A 2023 LIST OF HOME REPAIRS NEEDED

While you’re making lists, don’t forget to make a list of any repairs that need to be made. Make sure this list is prioritized so you take care of the things that cause you the most risk fist. Determine an estimate of the costs for completing each repair. Then start planning how to get each item accomplished. For your high priority item, create the plan now and don’t forget to map out how you are going to obtain the funds to follow through.

When you make any improvements, be sure to keep track of your expenses you accrue. These are important to increase the basis of your home for tax purposes.

RECURRING MAINTENANCE ACTIVITIES

Repairs are not the only things you should take care of. Ongoing maintenance of your home is equally important. To make sure you are keeping up with these necessary activities, you should set up a recurring appointments on your personal calendar to complete them.

This includes reminders to change your HVAC filters every other month. Also, you should test your smoke alarms and carbon monoxide detectors semi-annually. If you burn wood in your fireplace, have your chimney cleaned at least once annually.

You should also identify ways to save on ongoing expenses tied to your home. This includes building a plan to conserve energy at home. In addition, check your plumbing and water usage to ensure there are no leaks or situations that cause water to be wasted. You’d be surprised how much money many homeowners are letting just waste away because they didn’t check or act on these items.

All of us at Sound Investments, Inc. wish you a happy, healthy and prosperous 2023. We hope this bit of homeowners’ resolution advice helps you. These homeowners’ resolutions can also help you prepare your property for sale. For more information on how to help increase the value of your home as you get ready to sell it, contact us by CLICKING HERE. Our real estate and property management expertise can help you maximize the value of your home.