Becoming the CEO of your Home

Becoming the CEO raME In business, a manager must track budgets and costs, develop annual processes to get work done more efficiently, and manage risk for unexpected situations. It's about time to apply these same strategies to homeownership. After all, it's one of the biggest investments a person will make. OF YOUR ГЕОСИЕ AMERICAN CONSUMERS SPEND NEARLY 33% ON HOUSING COSTS A YEAR. That's a major investment! 33% By using common business manage- ment tactics, homeowners will become more organized and aware of the health of their home. Home improvement CREATE AND MANAGE BUDGETS Home improvement projects can leave homeowners paying more than originally planned due to lack of planning and monitoring of projects. NEARLY HALF OF ALL HOME IMPROVEMENT PROJECTS ARE POSTPONED DUE TO BUDGETARY REASONS. Six steps to every home improvement project IDEA 3 PRODUCT RESEARCH DESIGN inventory $4 6 CLOSEOUT maintenance 5 EXECUTION 4 BUDGET Auerage Cost OF TYPICAL HOME IMPROVEMENT PROJECTS Project Auerage Cost DECK ADDITION O BATHROOM REMODEL O HOME OFFICE REMODEL 3 KITCHEN REMODEL 4 MASTER SUITE ADDITION 5 5 $10,634 $16,142 $28,375 $57,215 $103,696 Home Maintenance Tip from a CEO: REMEMBER PREVENTATIVE TASKS TO AVOID REPLACEMENT COSTS Plan and manage your projects. By researching product choices and having a detailed budget, you will accomplish your design and cost goals on all your projects. Having a proactive approach to home mainte- nance can you save you hundreds or even thousands of dollars annually. The Healthy Home Chechlist Fall Wlinter Spring Summer M Remove debris from drains, gutters and downspouts M Drain sediment from hot water heaters M Replace HVAC air filters M Seal exterior decks and interior countertops M Fix worn caulking inside and outside the home M Vacuum refrigerator coils M Insulate and seal exterior air leaks M Prune trees and shrubs away from home. M Pressure wash home exterior and hardscapes M Maintain yard, pool and landscaping M Clean chimney from dangerous ash buildup Wrap exterior pipes and fragile plant Tip from a CEO: Do the little maintenance tasks at the right time by organizing both family members and service providers in order to avoid unnecessary costs. Home Inventory = MANAGING YOUR ASSETS Most homeowners have a plethora of appliances, furniture, household items and electronic devices. It is crucial that as a homeowner you have an itemized inventory of those assets in case of an emergency. Disasters Wi Wildfires NORTHERN AMERICA Every homeowner is susceptible to three major issues that could cause them to lose their home or possessions Тoчиаdos MID-WEST Floods EAST COAST Earthquakes SOUTHWEST Hurricanes SOUTHEAST The U.S. set a record with 12 separate billion- dollar weather/climate disasters in 2011. $32 BILLION That s a BILLION DOLLAR was paid out by insurers for natural disaster DISASTER every month! Burglaries $4.6 BILLION емену related claims in 2011. Fires in the Home in stolen property in 2010, average lost $2,119 $9.7 BILLION in property damage due to home fires in 2010 burglary every 14.6 SECONDS A house fire is reported every 90 seconds, with Tip from a CEO:- 1.9 MILLION FIRES reported each By having an itemized inventory of your assets, you are prepared for the unexpected and insurance companies are likely to get you reimbursed quicker and easier. yеак HomeZada Sources: U.S. Bureau of Labor Statistics / Consumer Spending Survey /Globaldatavault.com/natural-disaster-threat-maps.htm/ Remodeling Cost vs. Value Report 2009-2010 / Uniform Crime Report FBI for 2010/ National Fire Protection Agency %24