Australian homeowners are being urged to adopt proactive maintenance strategies to safeguard their properties and avoid expensive future repairs. According to industry experts, setting aside a dedicated annual budget could save homeowners thousands in preventable damage.
The Golden Rule of Home Maintenance Budgeting
The Home Owners Association recommends allocating approximately one percent of your property's market value each year for maintenance and repairs. This figure serves as a useful starting point, though individual circumstances may require adjustments based on factors like the property's age, location, and current condition.
Rebecca Cardamone of Ace Properties Agency emphasises that regular upkeep delivers significant long-term benefits. "Regular maintenance not only protects a home's value but also saves time, money and stress," she said. "We often see preventable issues like water damage or mould that could be avoided with routine upkeep."
The Australian Maintenance Gap: Awareness vs Action
Recent research from Allianz Australia reveals a concerning disconnect between homeowner knowledge and behaviour. Their survey found that while most Australians understand the importance of property maintenance, many fail to follow through with consistent action.
Two in five households admit to taking a set-and-forget approach to maintenance, leaving their properties vulnerable to preventable damage. Even more strikingly, approximately 40 percent of homeowners acknowledge they don't maintain their homes regularly, despite nearly 90 percent agreeing that maintenance is worthwhile.
Shez Ford, General Manager at Allianz Australia, notes that financial pressures are contributing to this maintenance gap. "Cost of living pressures are also taking a toll, with 35 percent of homeowners citing financial strain and 32 percent naming ongoing maintenance as a major source of stress."
Consequences of Delayed Maintenance
The reactive approach to home care comes with significant financial risks. Most insurance policies exclude wear and tear resulting from neglect, meaning homeowners could face substantial out-of-pocket expenses for damage that could have been prevented.
Ford observes that less than 20 percent of homeowners act immediately when they remember necessary repairs, with many waiting for external prompts. "This reactive mindset often leads to expensive repairs - particularly from water leaks and roofing issues."
The research also indicates that Australians frequently prioritise aesthetics over essential upkeep, focusing on visual improvements and personal touches before addressing fundamental maintenance needs.
Simple preventative measures like regular gutter cleaning and prompt attention to water leaks can dramatically reduce the risk of major damage. These basic tasks help maintain proper water flow, prevent structural issues, and even reduce fire hazards from accumulated debris.
Homeowners seeking guidance can access resources through Allianz Australia's home care report initiatives at allianz.com.au, while budgeting advice is available at homeownersassociation.com.au.
