Dear Dave: How much money do you recommend budgeting or setting aside for maintenance and repairs to your home, especially if it’s an older home? Our house is in pretty good shape, but you never know when something might go wrong, or how often different things will need to be addressed at this point. – Brent
Dear Brent: I love that you’re wanting to plan ahead. Some home repairs aren’t very expensive, but others can take a huge chunk out of your bank account. Whether you directly budget for things like this, or set up a sinking fund for home maintenance, it’s always a good idea to be financially prepared. You’ve got to protect your home.
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