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  • How Your Square Footage Can Help You Save for Home Maintenance

    Saving for household maintenance and repairs is critical to getting things done around the home. This extra cash can help you take on all the odd jobs that keep your home in good shape, plus all the big renovations that improve its curb appeal and functionality. here is a glimpse of How Your Square Footage Can Help You Save for Home Maintenance

    Except, saving for these varied tasks can be challenging for homeowners. There’s a vast difference in the types of maintenance you might face — from replacing a fire alarm to installing a new roof. The sheer randomness of these jobs makes your task even trickier. After all, parts of your home (like the roof or foundation) don’t break down on schedule. They happen unpredictably.

    So, how can you save enough money to handle all your maintenance and repairs? The square footage of your home might have an answer.

    Why Does Your Square Footage Matter?

    According to some renovation experts, your square footage can give you an idea of your yearly maintenance costs. Their rule is simple: for every square footage you own, save $1 towards maintenance and repairs.

    As calculations go, this one is pretty easy. All you have to do is look through your paperwork to find the size of your home, and you have your savings goal.

    In the U.S., the median size of a single-family home is between 1,600 and 1,650 square feet. That would put your annual savings goal at roughly $1,600–$1,650.

    Now, you might not use all that money in one year, but don’t stop saving once you reach your annual goal. You can roll over the extra savings you don’t use into the next year, building your fund until it’s big enough to take on the most complicated projects.

    What if You Need to Make Repairs Before You Hit This Goal?

    If you live in the U.S., your sprawling square footage means you have a big goal to achieve, and your home might not cooperate with your plan. Sometimes, an emergency happens before you can sock away your first $100.

    If you’re stuck patching your roof or replacing your furnace without savings, you might want to put your emergency expense on a line of credit. An online line of credit offers homeowners a flexible way to cover an unexpected repair, and it stays open after your pay off what you use.

    Having cash on standby can help with the next emergency that comes your way, but before you apply for one, you need to understand the cost to borrow a line of credit. Interest and finance charges apply to the money you use.

    Does the Square Footage Always Work?

    Let’s face it — the square footage rule is like any rule. It provides a fantastic framework for the general population, but it’s not always the best option for your personal needs. You might need to adjust your goal to suit your unique home, increasing your savings goals to reflect the condition and age of the building, its key components, and your appliances.

    Consider the last time you updated your HVAC system, roof, or major appliances. Each of these things has a lifespan, usually of about 10 to 25 years. If you’re on the tail end of these cycles, you could be facing a big expense in the near future.

    Keep this in mind as you start saving for maintenance and repairs. Increase your goal as you see fit, and you’ll always be prepared for the next emergency.

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    TADstories with Ar. Anjali Rawat| Anjali Rawat Architects

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    20 Must-Read Architecture Books For Any Designer

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    Wall Moulding Design is a great way to amp up your space and elevate the overall look of your home. There are a wide range of moulding designs that can add a distinct character to your space. Wall moulding design comes from different kinds of materials, such as PVC, plaster, wood, etc. The right choice […]

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    Rooftop Design Ideas – 20 Brilliant Ideas for your Indian Roofs

    Rooftop design ideas open up an interesting world for your roofs or terraces to be meaningful and beautiful at the same time. In India, rooftop design ideas hold immense potential to address critical challenges and enhance community well-being. By integrating solar energy generation, green spaces, and rainwater harvesting, rooftops can contribute significantly to sustainable urban […]

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    50 Magnificent Gate Design That Will Protect Your Home

    Gate Design is an important feature of any home. Numerous scopes for experimentation open up when delving into the design possibilities. Materials like wood and black steel are popular options in Indian homes. At the same time, designers also experiment with a combination of materials that suits their aesthetic. Buying mass-produced gate design has become […]

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    50 Refreshing Terrace Design Inspirations Essential for Urban Spaces

    A rejuvenating terrace design is a breath of fresh air. One can experience the beauty of the outdoors from the comfort of their home. At the same time, a good terrace design can help one relax after a stressful day. It is a representation of one’s style and character. Terrace Design can seem minimalistic and semi-open or functional with a jacuzzi […]

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    Top 25 Architects in Hyderabad

    Hyderabad is a city that boasts a rich and diverse architectural heritage that has been shaped by its history and cultural influences. The city has been ruled by various dynasties, including the Qutb Shahis, the Mughals, and the Nizams, who have all left their mark on its architecture and influenced young architects in Hyderabad. The […]

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    TOP 25 INTERIOR DESIGNERS IN HYDERABAD

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