Your Home Is Too Valuable To Ignore | Opinion
Summary
Many American homeowners do not regularly maintain their homes, which are often their largest financial asset. A shortage of skilled workers in trades like plumbing and electrical work makes it harder and more expensive to fix problems, increasing the risk and cost of delaying home repairs.Key Facts
- By 2030, the U.S. may have 2.1 million skilled-trades jobs unfilled, affecting homeowners as well as businesses.
- Zillow reports that 242 U.S. cities now have typical starter homes valued at $1 million or more, up from 80 before the pandemic.
- Homes need regular maintenance because their parts can wear out and cause bigger problems if not fixed early.
- Many homeowners wait to repair things only after they break, which can create costly damages.
- A survey found 65% of U.S. property owners delayed maintenance in the past five years.
- Among these, 29% had to make repairs that could have been prevented, with many costing $1,000 or more.
- Maintaining a home is an investment to protect its value, not just an expense.
- Skilled tradespeople are becoming harder to find, making timely repairs more difficult.
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