Check out these easy ways to protect your equity

Friday, 28 April 2017 09:33

Now that you’ve understood and worked through the mortgage application process, solved the harder questions like what mortgage can I afford? and finally bought the place you’ve been dreaming about, it’s time to think about what you need to do to keep your newly acquired property in the best shape possible.

Remember, it’s always better to be proactive and stick with a maintenance regimen than wait for something to go wrong that could potentially cost thousands of dollars. That said, you should start by scheduling an exterior maintenance inspection at least twice a year. The foundation needs to be examined first for signs of cracking. Aluminum or vinyl siding needs to be checked over for signs of rot or warping and houses with brick walls need to be inspected for signs of deterioration.

Check the Eavestroughs

You’ll also need to check the eavestroughs so there are no blockages and the best way to do that is during a heavy rainstorm when you can see if they are draining properly. Remember, the corresponding downspouts need to direct water away from the foundation of your home and not toward it.

Inside the heating and cooling systems should be serviced regularly. You want to ensure this system is operating at peak efficiency so you don’t lose money unnecessarily to large bills and to be sure your family stays cool in the summer and warm in the winter. Furnace filters need to be changed according to the manufacturer’s warranty and getting the ducts cleaned at least once a year will make sure the air travels freely inside your house.

Finally, you can stop any of the drafts you notice around the house with a little extra insulation. Installing insulation near electrical switches and light fixtures that are mounted on exterior facing walls is a good place to start.