DIY home repairs to save money
On Wall Street, I built businesses by cutting unnecessary expenses and reinvesting the savings. Homeownership is no different — outsourcing every repair drains cash fast. With homeowners spending an average of $3,370/year on maintenance and repairs (Angi, 2023), tackling simple fixes yourself is a high-ROI move.
1. Patch Small Wall Holes
- Use spackle and sandpaper.
- Cost: under $10.
- ROI: avoids $150+ handyman bill.
2. Fix Leaky Faucets
- Replace washers or cartridges.
- Saves 200+ gallons/month (EPA).
- ROI: lower water bill + no plumber fees.
3. Unclog Drains
- Baking soda + vinegar beats chemical cleaners.
- Cost: pennies.
- ROI: prevents $100+ plumber visit.
4. Replace Light Fixtures or Switches
- Basic wiring jobs are beginner-friendly.
- Cost: $20–$40.
- ROI: adds style + avoids electrician charges.
5. Re-Caulk Sinks & Tubs
- Prevents mold and water damage.
- Supplies: under $15.
- ROI: saves thousands in long-term repairs.
6. Maintain Appliances
- Clean filters, vacuum fridge coils, and descale kettles.
- Extends life of appliances worth $500–$2,000 each.
Final Word
On Wall Street, controlling costs was how firms survived downturns. At home, DIY repairs work the same way: small fixes protect your bottom line and compound into big savings over time.
