Repairs Done Right: Smart Ways to Prepare (and Pay) for Home Maintenance

It always seems to happen at the worst time — your roof starts leaking during a spring downpour, or the refrigerator gives up the ghost the week before Thanksgiving. You’re suddenly faced with a decision: patch it quickly or fix it right?

Doing repairs “right” takes planning, not panic. When you plan ahead and understand what to expect, you can make smart, confident financial decisions that protect your home—and your budget—for the long term.

At Members First Credit Union, we believe being prepared is the best repair strategy. Here’s how to stay one step ahead.

How Long Do Big-Ticket Home Items Really Last?

Even the best-maintained homes need updates and repairs. Knowing when to expect them helps you build a realistic budget before issues arise.

 

 

Item	Average Lifespan
Roof	20–25 years
Refrigerator	9–13 years
Washer/Dryer	5-13 years
Carpet	8–10 years
Interior Paint	5-15 years

 

These aren’t hard-and-fast rules, but they provide a useful roadmap. If your roof is hitting its 20-year mark or your carpet’s showing its age, it’s time to start setting money aside — even if the repair isn’t immediate.

Budgeting for the Unexpected

A common rule of thumb is to set aside 1%–3% of your home’s value each year for maintenance and repairs. For example, if your home is worth $350,000, plan to save $3,500–$10,500 annually.

A few simple steps can help you build that buffer:

• Open a separate “home fund.” Even $50 a month adds up over time.
• Schedule one maintenance check each season. Preventive care (like cleaning gutters or sealing windows) can save thousands later.
• Review your insurance coverage. Know what’s included — and what’s not — so you aren’t surprised by a denied claim.
• Plan for timing. If you know your roof or furnace will need attention in a few years, start saving now instead of relying on high-interest credit when it happens.

Financing Repairs the Smart Way

Sometimes, even with savings, a major repair can stretch your budget. When that happens, it helps to know your options.

• Use your savings or emergency fund first. Avoiding interest altogether is always the best-case scenario.
• Check for manufacturer or utility rebates. Energy-efficient appliances and HVAC systems often qualify.
• Consider a Home Equity Loan or Home Equity Line of Credit (HELOC).
  These options let you borrow against the equity you’ve built in your home — typically at a lower rate than personal loans or credit cards.

Explore Home Equity Loans or HELOCs from Members First to see what might fit your situation. You can also use our financial calculators and tools to understand your personal financial situation and compare your options.

Stay Ahead with a Simple Home Maintenance Checklist

Regular upkeep can extend the life of your biggest investments — and prevent costly emergencies. Try adding these to your annual home routine:

✅ Inspect the roof for missing shingles or leaks each spring and fall.

✅ Clean gutters twice a year to prevent water damage.

✅ Service your HVAC system before heating and cooling seasons.

✅ Check caulking and weather-stripping to keep energy bills down.

✅ Flush your water heater annually to reduce sediment buildup.

✅ Touch up paint or seal exterior wood to prevent rot.

✅ Review your emergency fund and repair budget each year.

A few hours of upkeep can save thousands in emergency calls — and keep your home looking its best.

Repairs Done Right Starts with Planning

Homeownership isn’t just about fixing what breaks; it’sabout preparing for what’s next. With a plan, a budget, and the right financial tools, you can handle repairs without stress or surprises.

Whether you’re replacing a roof, refreshing your space, or tackling the unexpected, we are here to help you make informed, confident decisions so you can protect your home and your financial peace of mind.

Ready to plan ahead?
Visit our Home Equity Loans or HELOC pages to learn more, or set up a meeting with a Members First representative. We’re here to help you build a solid foundation for your finances.