Buyers Agent and Short Sale Specialist
Repairs. Remember, when you move out of that apartment, there's no longer a landlord to call when the sink backs up. Instead, it's up to you to contact—and pay—the plumber. And the sink is just one of the many home features or appliances that homeowners may one day need to repair. Homeowners are encouraged to set aside funds to take care of such repairs when they become necessary. And because broken appliances can be a major hassle and a significant expense, put key appliances under warrantee. "What I really recommend is that the buyer negotiate into the transaction a home warrantee for one year,That's about a $500 item, and if [the buyer] gets the seller to pay for it, that minimizes [the cost]. In today's bank Owned Market often times the bank will not pay for a home warranty. I always suggest / insist to my clients that this is an expense they should consider taking on themselves. Folks even though most home warranty policies have a lot of limitations and catches, it still will help you if you have a major problem.Keep some money aside for unknown small issues. If you don't use that money in the 1st year you have some saved up for whatever you want to do. Don't overlook this expense.