Keeping up with your home can always feel like a challenge, but skipping it can lead to bigger, more expensive problems. In Angi’s 2024 State of Home Spending Report, Millennials, in particular, are credited as setting an example for other homeowners: they're prioritizing routine maintenance tasks over other home improvement projects and taking a hands-on approach to home management. What's it mean? Their efforts make it more likely that they can improve home longevity and reduce emergencies amid rising costs and lack of laborers.
Why Home Maintenance Matters More Than Ever
Your home is likely one of your biggest investments. Regular maintenance protects it by preventing small problems from becoming major expenses. From replacing old dryer vents to taking on DIY projects that improve energy efficiency and reduce energy bills, every action can help long-term by saving money and reducing stress.
The report also shares that 63% of homeowners aged 18-44 are actively saving for upcoming projects; with the rising cost of labor, they're among those that realize that this may not be the right time for a renovation project, but a great time to check other items off their maintenance list.
"Home maintenance includes essential tasks like HVAC inspections, replacing roof shingles, and pruning trees—anything that keeps your home safe and functional," said Angie Hicks, co-founder of Angi. "I’m thrilled to see homeowners prioritizing maintenance because it helps prevent costly emergencies down the road. Once those tasks are handled, you can focus on the more exciting upgrades that truly make your house feel like home."
Budgeting for Maintenance: Where to Start
The first step to prioritizing home maintenance is setting a realistic budget. It's hard to say whether or not there's a right budget for any homeowner, but as inflation prompts budget-friendly choices, there are ways to keep maintenance costs manageable:
- Start small: Address simple tasks like cleaning gutters or checking for leaks.
- Break it down: Spread costs throughout the year rather than doing everything at once.
- Plan ahead: Create a calendar for seasonal tasks to avoid forgetting anything.
- Set aside funds: Build an emergency fund now, so you can handle unexpected issues without derailing your budget (and yes, one day you will have an unpredictable problem, and you'll be thankful you have the cushion).
Millennials Lead the Way in Proactive Upkeep
Millennials are changing the game when it comes to home maintenance. On average, they’re spending $2,316 each year, which is $1,000 more than other generations to keep their homes in good shape. This focus on upkeep is paying off; emergency repair costs are down, which means fewer surprises and lower overall expenses.
This trend is important because it shows that prioritizing maintenance works. When you stay ahead of problems, you can avoid expensive repairs and instead use your money for home improvements that add value or enhance your lifestyle.
Following their lead doesn’t mean you have to spend a fortune; it’s about being consistent and focusing on what matters most.
Focus on What You Can Control
Even during tight financial times, some tasks are too important to ignore. A well-maintained home is safer, more comfortable, and more affordable to live in. If you’re not sure where to start, focus on these high-priority tasks:
- Inspect and service your HVAC system.
- Clean gutters to prevent water damage.
- Check for leaks in plumbing or roofing.
- Trim trees and shrubs near your home.
- Test and replace batteries in smoke alarms and carbon monoxide detectors.
Once the basics are covered, you’ll have more flexibility to tackle upgrades or enhancements that fit your budget.
By prioritizing maintenance, you’re investing in the long-term health of your home and giving yourself peace of mind. A little effort now can save you significant time and money later—something we can all appreciate, no matter our budget.
