![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCd-0JE6T_Xh_Lem0aTktoCkVBIbiNP5o9oQagt9AzmkpMGzXXWtipKvbga3fEl4HLOcyym4a5iPmU3p8hNYtxLKSygHPXM4FcCNbvdjLpWU2TO-_DZA6wsZljdnsdReSLSZVFtDYp3Qk/s320/Home+Repair+3-23-11.jpg)
Why should I maintain it in the first place? Since many pundits say that we should only maintain when something is broken (i.e. if it isn’t broken, don’t fix it), why not wait and save money? That is of course the $64,000 question. For a start, our home is generally our largest single investment. As such, we must protect that investment so that it has the potential to at least maintain its value or maybe even increase in good times. In today’s market, there is no guarantee of increases in home value but you can bet that if a home is poorly maintained, its value will most likely decrease, even in good times.
What is the break-even point for preventative maintenance vs. breakdown maintenance? There are of course many ways to respond to this question. One is to say that breakdowns always seem to come at the worst possible time and lead to the highest cost and discomfort to perform. My experience is that breakdowns are like this and are a perfect example of Murphy’s Law (i.e. if something bad can happen, it will always come at the worst time and with the worst consequences). An example of this is when our central air conditioning unit fails during the heat of the summer. This is usually a time when a repair man is at his highest utilization, highest cost and availability is limited. As a result, we become very uncomfortable for a longer period of time and end up paying more for the repair because parts are probably equally longer for delivery when something major happens. An example of preventive maintenance in this case is when we service this equipment before every season to increase the odds that no issues will come up in the winter and summer. By preventing major issues, we get three major results: 1) equipment will last longer improving the amortization of the original cost, 2) we will not be out the major cost of breakdown repairs and 3) we will not be inconvenienced with failed equipment.
Should we perform the maintenance ourselves or have others do it for us? This question also has multiple answers. Do you enjoy doing repairs around the house? Do you have the knowledge and time to perform maintenance on your property? If the answer is yes to both, then by all means you should do it on your own. Enjoying the performance of work is always best when you can do it for yourself and your family. Do you not have the time or inclination to self perform home maintenance? If you answer yes, then you need to hire a professional to do it for you.
Whatever your choice, maintenance is critical for your home as it helps maintain your home’s value and your potential return on your investment. In addition, you will likely find that you enjoy your home much more as a result of the process. Now go have fun!