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Many homeowners fancy themselves a jack of all trades and do many sorts of work on their own homes often unwisely. A landlord earns enough to pay for actual tra
by michaelmrose 2y ago
Many homeowners fancy themselves a jack of all trades and do many sorts of work on their own homes often unwisely. A landlord earns enough to pay for actual tradesmen to work on their homes.
Owning say 1 home and trying to save money by doing all your own work is generally ill advised. You would do better to invest the proceeds in purchasing a second rather than trying to pinch pennies. Done properly there isn't much risk that isn't trivially insurable.
- RHSeeger 2y agoThe risk I was talking about wasn't "I did the work myself and caused a problem", it was "oh sh_t, I need $20,000 in repairs this year".
- michaelmrose 2y agoThose 20,000 should either be an unfortunate accident covered by your insurance or expected costs of doing business whereby you should either have saved for it or financed by virtue of your equity in the property.