Question

The client later purchases a home that was built in 1935. There have been several sewer backups, and the client was told that the pipes are clay and tree roots have grown into the pipes and are causing the blockage. The recommendation is to replace the pipes with PVC, with an estimated cost of $6,000. Another recommendation is to replace the old galvanized pipes with copper pipes with an estimated cost of $7,000. The client also mentioned the huge cost in heating bills. The windows in the home are the original windows.

Which is the best advice a housing counselor can offer for this client to prepare and save for major household
repairs?

Answer 1

A housing counselor should advise the client to create a home maintenance fund within their budget, prioritize necessary repairs like the sewer replacement with more cost-effective PVC, and seek ways to reduce long-term energy costs, such as window upgrades.

Step-by-step explanation:

When preparing to save for major household repairs, a housing counselor might advise the client to create a detailed budget that includes a fund specifically for home maintenance and emergency repairs. This fund should be built up over time and can be aided by setting aside a percentage of the monthly income or making use of a high-yield savings account to accrue interest. In addition, it's recommended to prioritize repairs based on necessity and cost-effectiveness. In the case of the sewer backups due to clay pipes, opting for PVC replacement might be a more urgent and cost-effective solution compared to copper pipes. Moreover, addressing energy inefficiency through upgrading windows or adding insulation may reduce heating bills significantly, which sums up to long-term savings. Seeking multiple estimates for repair work can ensure competitive pricing, and exploring government grants or rebate programs for energy efficiency improvements could provide additional financial relief.