Guides / Protect and plan
Property planning
Every major system in a house has a lifespan. Planning for replacements years ahead turns emergencies into scheduled projects, and helps you decide which improvements are worth doing.
What to check
- System ages
- Write down the age of the roof, water heater, furnace, air conditioner and major appliances. Labels and permits often show install dates.
- Maintenance budget
- A common rule of thumb is to set aside about 1 to 2 percent of your home's value each year for maintenance and repairs. Older homes often need more.
- Replacement plan
- List which systems are likely to need replacing in the next five years and roughly what it might cost, then revisit yearly.
- Project priorities
- Fix safety and water problems first, then systems, then comfort and looks.
- Permits
- Check with your local building department before structural, electrical, plumbing or roofing work. Unpermitted work can cause problems when you sell.
- Contractors
- Get multiple written estimates, check licenses and insurance with your state, and avoid paying large amounts up front.
When to do it
Review the plan once a year. Book exterior projects early, since contractors fill up in spring.
Call a licensed professional for
- Structural changes, additions, or removing walls
- A home inspection if you have never had one, or before a big renovation
- Financing and tax questions, which a financial or tax professional can answer for your situation
This guide is general information for US homeowners. Codes, climates and houses vary. It is not a substitute for an inspection or advice from a licensed contractor, and in an emergency call 911.