Upon purchasing my home two years ago, I never imagined spending $25,000 on maintenance and repairs within a single year... but that’s exactly what happened.
While my first year as a homeowner was rather uneventful - my most costly expenses were painting my garage door and installing a new apartment door - Year Two was an altogether different story.
This past winter - the coldest in decades in Ontario - took a toll on my house. While I was fortunate not to have a tree branch come crashing through my roof, the frigid temperatures compromised the exterior of my three-bedroom suburban bungalow. One day, as I stepped outside, I noticed the floor of the basement retaining wall had lifted; this was only the beginning of my troubles. My flagstone front porch steps soon fell to pieces, not to mention my eavestroughs were leaking.
When I woke up to two inches of water in my basement, I knew I would have to spend big bucks on home renovations. Spring couldn’t arrive soon enough, although the longer-than-average winter gave me plenty of time to call around to contractors for estimates and put money aside.