The Weekly Poll: Do you have money set aside for home repairs or maintenance?

photo credit: Roger Smith
The weekly poll is looking for spare change to fix a leaky roof. Go help it look under the couch cushions.
This week’s topic is one we all have to think about at one time or another as homeowners: home repairs and maintenance. More specifically, I’m wondering if you have money set aside somewhere to pay for either regular or unexpected home maintenance.
We live in an older home with older systems that requires maintenance and try to budget to stay on top of it. For example, we painted the exterior last year and plan on replacing the roof this year and possibly the HVAC next year (come on baby, just give us one more good year — you can do it!). But we also have had to deal with the things we didn’t budget for: a collapsed sewer line and a leaky toilet that rotted out a bathroom floor. Blurg.
Even if you live in a brand new house, there’s usually no getting around the fact that sooner or later, you’re going to have to invest some dough into your domicile. While you can do your best to avoid costly replacements and repairs like roofs and HVACs by buying new, you can’t always control a tree falling on your roof or a tree root wreaking havoc with your plumbing system. Sure, homeowners insurance will cover some of these scenarios, but it won’t cover everything and there’s always the little matter of the deductible that has to be paid.
So what about you? Do you have some cash set aside for routine maintenance as well as unexpected home repairs? Or are you living life on the edge? Cast your vote and let me know.
POLL RESULTS:
Do you have cash set aside for home repairs or home maintenance?
- Sure do. You never know what can happen. (45%, 5 Votes)
- A little. Hopefully insurance would cover anything really expensive. (27%, 3 Votes)
- Nope, and that’s why I’m still a renter! (18%, 2 Votes)
- Nope. And there’s already lots that needs to be done to my home. (9%, 1 Votes)
- No, but I bought a new home/condo/maintenance free home to avoid such expenses.(1%, 0 Votes)
Total Voters: 11
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