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Wayne Liddy

Royal LePage Peifer Realty Inc., Brokerage

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BUDGETING FOR HOME MAINTENANCE with your Chatham-Kent Purchase


Many homebuyers particularly NEW home buyers fail to plan for yearly maintenace on their new home puchase. This is very important. Buyers work with their Real Estate Agent and their Mortgage Specialist, set their budget as far as monthly, weekly or bi-weekly mortgage payments but often have no idea what it costs to maintain their home in good condition.This is where a good agent will guide you to make an informed decision.He or she will advise you to have a Home Inspection by someone who works with their team. Call Me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc.Brokerage and put me to works for you with with a whole team of Trusted Professionals located in Chatham-Kent who can direct you in every decision and guide you to make an informed decision as to the viability of the purchase. A Home Inspection will provide objective information. With this report the buyer can negotiate better through his or her agent and not be facing unexpected repairs in the near future. Heating System, Roof and other large ticket items can be devastating if not expected. Home Components like furnaces, have fairly predictable life cycles. Typically a furnace will last 15-20 years so if the existing furnace is close to that time line, you should be prepared ot replace it.

Additionally first time Home Buyers should be aware that there is a 1% rule. That is to say that normal maintenance on a home is approx. 1% of the value. Therefore if the home is worth $200,000.00 then it will cost approx. $2000 per year to keep up normal maintenance. Some years you may get away with less expenses but if that furnace or roof need replacing you will have funds put away. Chosing the best Realtor is vital. Call me,Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokeragefor all you Real Estate Needs and visit my chatham-Kent website for events, happening and choice properties for sale in this great area of Chatham-Kent, The Affordable Lifestyle Destinatiion.You won't be sorry you did. Make the biggest purchase of your life an enjoyable experience. Trust the Expert!

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