September 30, 2024 | About Us, Features
Fight Procrastination for Home Improvement Savings
We’ve all been there. That leaky faucet or peeling paint has been on your to-do list for months, but somehow, it keeps getting pushed further and further down. Between busy schedules and never-ending life demands, it’s easy to put off home improvement projects. But here’s the kicker: procrastinating on these tasks can end up costing you a lot more in the long run. You’re missing out on home improvement savings.
Whether it’s rising material prices, worsening damage, or lost opportunities for energy savings, delaying home maintenance comes with hidden costs that can sneak up and hurt your wallet. Let’s break down how this happens and, more importantly, how taking care of these issues sooner rather than later can save you big bucks.
1. The Hidden Cost of Material Price Increases 📈
One of the most obvious ways procrastination can hit your wallet is through rising material costs. Thanks to inflation, supply chain issues, and fluctuating demand, the price of home improvement materials is unpredictable—often rising over time. That kitchen renovation you’ve been putting off for “next year” might cost you significantly more just because lumber, tiles, or fixtures have increased in price.
According to a report from the National Association of Home Builders (NAHB), the cost of building materials increased by over 20% between 2020 and 2021 alone . Lumber, in particular, saw skyrocketing prices, nearly doubling within that time frame. And while material prices may stabilize, they’re unlikely to drop back to pre-pandemic levels any time soon.
The Solution:
Lock in today’s prices by starting your project sooner. Even if you’re not ready to go full-speed ahead, securing quotes from contractors can help you better estimate costs and avoid future price hikes. Using Pigybak, you can even gather multiple bids from contractors now to find the best deal before prices climb.
2. Small Problems Turn Into Big (and Expensive) Ones 🏚️
It’s the classic snowball effect: what starts as a small, manageable issue can turn into a costly disaster if left unattended. A tiny roof leak might not seem like an emergency, but let it sit for too long, and that minor drip can lead to mold, water damage, or even structural issues. Suddenly, instead of a simple repair, you’re looking at a full-on replacement that’s going to cost you much more.
Let’s look at some common issues homeowners often delay and how those delays can lead to significantly higher costs:
- Leaky Pipes: Ignoring a minor leak can lead to major water damage, mold growth, and damage to walls and flooring. Fixing a small leak typically costs between $150 and $350, but if left unchecked, water damage repairs can cost up to $7,500 or more depending on the severity .
- Roof Maintenance: Missing shingles or small leaks are easy to overlook, but water seeping into your attic can lead to costly damage. Repairing a few shingles may cost around $200, while replacing an entire roof can set you back $7,000 or more .
- Cracks in Foundation: Tiny cracks can widen over time, leading to structural damage. What starts as a $500 repair can balloon into a $10,000+ project if ignored .
The Solution:
Don’t wait for small issues to turn into costly disasters. Tackle those minor fixes now and save yourself the financial (and emotional) headache later. Pigybak makes it easy to connect with contractors and get those smaller jobs done before they become big problems.
3. Energy Inefficiency: The Slow Burn of Higher Utility Bills 🔥
Another hidden cost of procrastinating on home improvements is the loss of energy efficiency. Outdated windows, poor insulation, and old appliances all contribute to higher energy bills, but many homeowners delay upgrades due to cost or inconvenience. However, waiting to make your home more energy-efficient is like throwing money out the window—literally.
For example:
- Old Windows: Drafty, single-pane windows can increase your heating and cooling bills by up to 30%. Replacing them with energy-efficient windows could save you hundreds per year on utilities .
- Outdated Insulation: Poor insulation in your attic or walls means your HVAC system works harder to keep your home comfortable, which drives up costs. Proper insulation can reduce your energy bills by 15% or more .
The Solution:
Energy-efficient upgrades like new windows or insulation might seem pricey up front, but they pay for themselves over time through reduced utility costs. In fact, some homeowners report recouping 70-80% of their investment through energy savings alone . Tackling these upgrades now means lower energy bills and a more comfortable home year-round. With Pigybak, you can find contractors to help you get the best deals on energy-efficient improvements.
4. Missed Resale Value Opportunities 🏠💸
If you’re thinking of selling your home in the future, putting off home improvements can cost you in lost resale value. Homes that are outdated or poorly maintained don’t attract top-dollar offers, and buyers will often negotiate the price down based on repairs they’ll have to make themselves.
For example:
- Curb Appeal: Homes with updated landscaping, a fresh coat of paint, and well-maintained exteriors sell for up to 10% more than those with neglected curb appeal .
- Kitchen & Bathroom Upgrades: A minor kitchen remodel offers a return on investment (ROI) of around 81%, while a bathroom upgrade offers an ROI of about 70% .
The Solution:
If you plan to sell, even small updates can increase your home’s value and appeal. Repainting rooms, upgrading fixtures, or fixing leaky faucets can boost your home’s attractiveness without breaking the bank. Pigybak lets you gather contractor bids and tackle these small updates before they turn into deal-breakers.
5. The Stress of Last-Minute Fixes 🕓
Procrastination often leads to rushed, last-minute fixes when things finally do go wrong. Instead of taking the time to carefully plan out a project and find the best contractor, homeowners who wait until the eleventh hour are stuck scrambling—and often end up paying more for emergency repairs or fast-tracked projects.
The Solution:
Plan ahead! Don’t wait until a small issue becomes a big emergency. Use Pigybak’s easy platform to collect bids from multiple contractors now and schedule your home improvements at your own pace, not when you’re forced into a corner.
Don’t Let Procrastination Cost You More!
It’s tempting to put off home improvement projects, but the reality is that delaying these tasks can end up costing you far more than if you tackled them sooner. Whether it’s rising material costs, worsening damage, or missed opportunities for savings, procrastination has a sneaky way of adding up. But by addressing home maintenance issues early, you can save money, reduce stress, and keep your home in top shape.
With Pigybak, you can find reliable contractors, gather bids, and tackle your projects on your terms—before procrastination comes knocking with a hefty bill. Don’t wait! Start turning your to-do list into a ta-da list today.