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ShuttersThere used to be this national name brand oil filter company that said, "Pay me now or pay me later." Essentially if you didn't change out that oil filter regularly (with theirs) in your car, well, you'd find that rust bucket engine of yours frozen up at some point. And then that cheap ten buck filter looks pretty high value in hindsight. But also,

Pay Me Now Or Pay Me Later Applies to Home Maintenance.

  • Why do we or our homeowner clients defer maintenance at times? A myriad of reasons when you think about it.

Time /Commitment/Focus - we just don't apply ourselves, as other things take priority or we are distracted.

Money - we have concluded we don't have the funds for the project(s).

Laziness - this is more common than you think.

Lack of Knowledge - we don't have ladders to repair the roof, are not good at painting, don't know how to replace light fixtures high up on the ceiling, etc.

Energy - our lack of energy in particular, particularly true of the elderly. They are worrying about getting the right presciption medications taken today.

House Tools

So a suggestion for all you Realtors and perhaps home inspectors cycling through your sphere of influence on a followup regular basis. Mention handymen, painters, roofers, foundation repair, lawn sprinkler repair people, fence installers, etc. along the way.

Everyone needs all of them and more. You can say if maintenance is done along the way you don't end up losing value in your home and worst case selling as is. They may listen to you, or not. But be the conduit of resources for people to NOT have them fall into that pay you now or pay you later trap.

Paying you later is a huge financial, energy, time, and wall of a monster headache none of us want. Serve your fellow man. Boost them along during the journey.

 

 

 

 
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29 Comments on Pay Me Now Or Pay Me Later Applies To Home Maintenance

SEP
06
2009
Attended Rain Camp

Excellent post, Gary.  There is always something more important to do than clean the gutters, power wash, fix that broken tile in the shower, etc.  But then when you wind up with big repair bills that could have been prevented with one hour of time and little financial investment, you'd like to give yourself a good kick in the hindquarters.  I've seen it happen too many times!  (In fact there's a house just down the street from me....I have no idea what is growing up over the roof from the back yard...)

Timely comment since it's time to prepare homes for winter!  Have a great Labor Day.

2:04pm • #1
707,215 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Great reminder Gary...I had a conversation just recently with a landlord trying to rent a not-so-nice place, He wondered why his place was still empty? It's because all the other places in your price point are better maintained, and tenants like buyers don't want to deal with repairs soon after moving in, they will seek the property with the least amount of work.

2:27pm • #2
255,492 Points 4 Featured Posts Called Shot Master

This is SO true.  We often think why do today what we could put of til tomorrow.  But when a home is taken care of...the homeowner enjoys it more and the neighbors appreciate it too!

2:31pm • #3
566,783 Points 21 Featured Posts Attended Rain Camp Called Shot Master

Neglect is a costly thing even when it isn't intentional.  Great advice Gary, I am going to reblog so my subscribers can benefit from it!

3:21pm • #4
501,558 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

WE are in the illusion business.

When WE buy a home, we want to believe life is going to be better (i.e. need fewer repairs).

When WE see something that needs fixing, it blows the illusion --- and the sale.

3:38pm • #5
804,997 Points 27 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Hi Gary,

Oh this is so true! It constantly amazes me the people who just don't take care of their homes. Always "I didn't know" when what they are really saying is "I don't care!"

3:43pm • #6
427,829 Points 32 Featured Posts Outside Blog

I completely agree Gary. You can either pay for the regular maintenance on a home, or you can reach the point that you have to really come out of pocket for a serious issue due to neglect.

3:57pm • #7
313,393 Points 8 Featured Posts Outside Blog

Gary,

Even if homeowners are reminded about these maintenance issues, some still for one reason or another "manage" to defer them. Pay me later sounds pretty accurate.

4:23pm • #8
751,535 Points 7 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Gary, when we bought our first house..my husband was a little lazy about getting small things fixed. I just said it is better to fix it now, or pay big later.  He now fixes things when they break or don't work.

4:24pm • #9
1,480,013 Points 275 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Gary, a lot of the time I look at my own house and it's sort of like the cobblers' childrens' shoes!  I have a back porch that's got to be torn down and replaced, and the sooner I do it, the sooner I'll be able to enjoy the new one.

4:25pm • #10
7 Featured Posts

Great post Gary...it's a necessary topic to discuss with sellers.

7:04pm • #11
14 Featured Posts Localism Sponsor Outside Blog

Very good reminders! Water is the most common damaging factor too - which left alone can cause so much headache later. From a leak in a pipe, to mold/moisture in drywall, to full gutters, to mulch/vegetation up to the foundation...... so important to take care of things in the very beginning !!!

 

Now if I could teach my renters to call me at the first sign of anything that even MIGHT need some attention.... we'd be all set :)

8:18pm • #12
SEP
07
2009
429,318 Points 57 Featured Posts Localism Sponsor Outside Blog Called Shot Master

GARY

Certainly finances play a major role in the lack of repairs (at least around my area) Seeing a big shift to As-Is sales,  But I do keep a list of vendors (repair people) for my buyers in case they ask.  Good advice.

5:05am • #14

Hi Gary,

I am usually the preacher when it comes to regular home maintenance. What I find is that the more out of sight the thing is, the more likely it is not to get attention. There are a lot of really good home maintenance schedules that people can follow, including the one I provide with all my reports.

I wish more people would take it more seriously. Many neglected things around the home can be remedied for less than 20 bucks, and/or an hour or less of time.

7:20am • #15
1,139,501 Points 76 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Gary:  I love (she says sarcastically) running into the homeowners who are trying to sell and haven't done a thing to the home in years. 

10:59am • #16
705,901 Points 24 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I explain to homeowners when I am doing a property presentation for rental management that we routinely have the HVAC serviced as well as the gutters cleaned and the landscaping mulched....if they baulk at providing these services because they don't have them done and they LIVE in the property, that tells me they are unrealistic in their rental expectations.....and I need to have a frank discussion about their responsibilities as property owners AND that routine maintenance actually LOWERS their costs by preventing large, unexpected expenses.....we do it for our own health, our vehicles - why not our homes? 

11:50am • #17
146,061 Points 2 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Gary -

Paying for maintenance issues isn't as sexy or nearly as much fun as paying for the pretty things like redone bathrooms, etc.  In today's competitive housing market, it is more important than ever to make sure the maintenance issues are taken care of.....because if they're not the buyer rightly thinks to themself "what else needs to be done here? if this hasn't been taken care of, what are the problems I'm NOT seeing?"

3:33pm • #18
523,323 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Gary, great post.  Kevin's home maintenance scheduel should be something all homeowners receive.  Now getting them to follow it is quite another story.

8:50pm • #19
SEP
08
2009

Gary,

When we think of investing in the care of our homes (new or not), expensive repairs of everyday nature when an appliance or machine or plumbing breaks, we get it fixed and ante up the money- right?  If your Heat Pump is a 12 SEER and state regulations call for 13 SEER, will the $12,000 to upgrade be "pocket change?"

Should we not vigorously emphasize the home warranty for each customer AND ourselves, as examples?  For a home warranty costing about $500/year, you get appliances and repairs and replacements covered.  The heat pump cost me $3000 for the cheapest model to match my system, but it could have been the $12000 replacement upgrade sitting outside my window this morning.  Let's see, $500 or $12,000?  Go figure...

 

Eddie Palmer, Century 21 Mountain Lifestyles, www.eddiepalmerc21.com

9:53am • #20
232,515 Points 1 Featured Post Attended Rain Camp

my back hurts, what do you suggest?  Its in the lowback area into the buttocks and in the front of my leg.  I called my doctor today but he isn't in. 

You have all the answers, that's why I ask. hahaha

1:54pm • #21
1,063,246 Points 156 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Angelia: Too funny. A shot of Demerol always works for me. ~ Mr. Know it ALL!! LOL.

5:05pm • #22
232,515 Points 1 Featured Post Attended Rain Camp

the doctor is going to want to see me.  But he isn't in until Wed.  Have to endure yet another day of pain.  Demerol is sounding really good right now.

7:09pm • #23
150,486 Points 2 Featured Posts

We see it everyday.   Owners should take at least two hours of every week to do minor projects so they don't turn into major problems.

 

How many buyers NEVER look at their inspection report, when the purchasing the home, until they get rady to sell.

8:44pm • #24
584,243 Points 3 Featured Posts Outside Blog Called Shot Master

Home in Houston require so much maintenance, wished I'd thought of that before I bought.

11:55pm • #25
SEP
10
2009
268,505 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

It is the lack of minor maintence that becomes major repairs!  I cannot tell you how often I see this Gary. Excellent blog article!!  I recently staged a home that the owners had not cleaned in 16 years so you can imagine what else it needed. 

12:18am • #26
168,217 Points 2 Featured Posts

Gary - You can find yourself a good resource for people if you have a list of quality professionals; painters, roofers, landscapers, electricians, plumbers, etc.  I am working on my list as we speak.

3:08pm • #27
SEP
11
2009
305,043 Points 7 Featured Posts Called Shot Master

Gary-One way or another I always have to pay the price. Great post. <SMILE>

6:26pm • #28
NOV
16
2009

I really enjoy inspections for first time home buyers.  I have a whole spiel about maintenance for them to hear.  It starts out "Welcome to the wonderful world of home ownership.  With this ownership comes some responsibility (to the home).  Everyone should learn about home maintenance. Your pay me quote was right on.

1:32pm • #29

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Gary Woltal - Assoc. Broker REALTOR® SFR Dallas Ft. Worth

Flower Mound, TX

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Keller Williams Realty

Address: 2611 Cross Timbers Rd, Suite 100, Flower Mound, TX, 75028

Office Phone: (972) 874-1905

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