Investing in home repairs is simply part of being a homeowner, regardless of the size of your home and where you’re located. If you are someone who prefers staying ahead of major repairs and replacements, but you want to do so while reducing your stress, there are a few tips to keep in mind. Regardless of the type of home repair you may need in the future, you can lower your stress by preparing ahead of time and knowing which resources are available near you.

Open a Savings Account for Home Repairs on the Side

If you’re serious about saving for major home repairs in the future, you can begin by opening a separate savings account that is designated for home repairs on the side. Instead of relying on your standard checking account, using an entirely separate savings account may make you less tempted to utilize funds until it is necessary to do so for a home repair project. Opening a new savings account can typically be done via your traditional banking institution, regardless of what state you are in.

Research Home Repair Costs and Estimates Ahead of Time

Research ballpark estimates of each repair you’re interested in completing around your home. Compare materials, contractors, and company price lists ahead of time. This will help you find the right provider and solution without breaking the bank.

Invest in Home Maintenance Services

Investing in home maintenance services as a homeowner or even as a real estate investor is highly recommended to prevent headaches and unnecessary stressors from occurring seemingly out of nowhere. Because it is estimated that approximately 15% of all homeowners in the U.S. currently have some form of plumbing or water leak, according to Gitnux, investing in maintenance services and routine inspections has never been a better idea. Regular inspections and routine maintenance may cost you periodically, but will ultimately minimize your chances of experiencing a major emergency, such as a pipe bursting or a sewage backup in the home.

Spend Time With Loved Ones and Pets

Taking care of your mental health is essential when you’re undergoing major home repairs or renovations, especially if they are costly for you at the time. Spending time with your loved ones and even your pets at home can reduce stress levels while allowing you to remain as focused and calm as possible throughout the process. A simple 45-minute therapy session with a beloved dog or trained therapy animal can provide significant reductions in both stress and anxiety, according to the National Library of Medicine.

Install Energy-Efficient HVAC Systems and Kitchen Appliances

Investing in energy-efficient appliances and HVAC systems is also recommended for anyone who is a homeowner today. It is estimated that each family in the US today pays approximately $2,000 annually to maintain energy and electricity, with more than half of that going towards heating and cooling. Opting to invest in an energy-efficient solution can drastically reduce energy usage, demands, and ultimately, your bills each month.

Verify the Legitimacy of Contractors or Companies You Hire

Anytime you are planning to repair something around the home, you will want to verify the legitimacy of the companies you intend to hire. Always verify licensing, training, certifications, and insurance before allowing a contractor or company to work around your house. This will protect your investment and prevent you from being held legally or financially liable for any mistakes that occur on your property.

Preparing for costly home repairs does not have to feel overwhelming and stressful, especially when you choose to do so before any repairs or replacements are necessary in your home. The more time you take to prepare funds ahead of time, the less likely you are to feel caught off-guard in your time of need. When you are familiar with the steps required to repair areas of your home, you will also find it much easier to locate the professionals you intend to hire.