Maintenance4 min

What First-Time Buyers Should Know About Home Maintenance and Storage

Most first-time homebuyers arm themselves with a lot of information about mortgage interest rates and closing costs. What they sometimes overlook are the repair costs prior to moving into previously owned homes and the long-term maintenance costs associated with homeownership.

The Value of a Home Inspection

“The best thing I can recommend for first-time homebuyers is to hire a high-integrity, unbiased inspection company to complete a home inspection,” says Kyle Miller, marketing and sales director at AllAround, one of the leading home improvement companies in the greater Minneapolis area. “Doing so will provide clarity to any immediate repairs that are needed or things that can be ongoing maintenance issues.”

Who is responsible for the repairs identified by a home inspection will vary. Sometimes, the buyer will do them after the sale. Other times, the seller will have to fix them before the close of the sale. Consult a realtor for the best option during negotiating and contracting.

Home Maintenance Costs

Many factors will affect your ongoing home maintenance costs, like the age of the home, the durability of the materials, where you live and the proactive repairs or maintenance you do to avoid bigger issues. As first-time buyers contemplate long-term maintenance costs, Miller says that a home with engineered wood siding is an excellent choice. “Other types of siding like masonite, cedar and stucco may require a lot more maintenance, such as frequent painting and caulking,” he says.

Miller adds, “All siding will require at least some maintenance. Cleaning dirt and debris off your siding is recommended annually – and will prevent more costly, time-consuming power washing later on.”

Here are seven tips for the care and maintenance of LP® SmartSide® siding.

Plan (and Save) Ahead

Whether it’s a first-time purchase or not, most experts advise homeowners to set aside at least one percent of the home’s purchase price each year to cover long-term maintenance costs. As that fund builds up, you’ll already have money saved for larger home improvement projects like replacing the original siding with lower maintenance engineered wood siding.

Limited on Space?

Some starter homes either lack a garage or have limited storage space – and first-time buyers may be surprised by the many styles of sheds available that can provide extra storage. “If you’re looking for larger storage options, such as a detached garage or outbuilding, I recommend getting the plans first from an architect or even a retailer like Menard’s,” says Miller. “Once you have the construction plans, you can use them to interview some qualified contractors and obtain a building permit from the city.” 

Like your home, proactive care will keep your shed looking better for years to come. Read a few recommended shed maintenance tips in this blog article.

LP is Here to Help

Whether you’re planning on maintaining or replacing your siding or shed, LP is here to help. Learn more about how LP® SmartSide® Trim & Siding is built to weather every season.

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Renovation5 min

Tips on Re-Siding in Historic Districts

If you own a home in a historic district, you can forget about replacing the existing siding with vinyl. Most historic districts require replacement siding to closely match the original, hence wood (or engineered wood) and brick. Understanding home building regulations based on historic overlays can help eliminate the headache during renovations, so it’s important to stay in the know before embarking on the project.

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Renovation5 min
Top Four Home Exterior Tips for Fall

With fall just around the corner, it’s time to plan how you will ensure your home’s exterior is ready for the cooler temperatures while also keeping up with the latest seasonal trends. Not sure where to start? We break down the top four home exterior tips for fall for a little inspiration.

Trends6 min
Using the Right Siding for a Ranch Home

Ranch-style home designs are known for low and wide single-story profiles, large picture windows, sliding glass doors and attached front garages. These close-to-the-ground homes were first built in the U.S. in the 1920s, but they didn’t gain widespread popularity until the post-World War II era into the 1970s. As suburbia spread, the ranch-style house became one of America’s favorites. The popularity of ranch-style homes waned in the ‘80s and ‘90s, but it’s making a comeback as younger homebuyers rediscover the ranch’s charm—much like they did with bungalows.

Trends5 min
Trend Alert: Sleek & Smooth Style on the Rise

It’s no surprise that 97% of realtors say that curb appeal is most important to a potential buyer, which makes keeping up with the latest exterior trends a priority to homeowners. While traditional exteriors like stone and brick can add uniqueness as accents, according to LP industry experts, homeowners these days are gravitating toward sleeker and smoother siding options to cover the bulk of their homes.