This means that homeowners go into each month worried about what ‘surprise’ expenses will come up that would mean choosing between a working A/C or sending their kids to school with lunch money.
For homeowners looking to sell… pretty hard to sell a home that hasn’t had any real maintenance done for years (you know who you are)... so you might THINK you’re going into the sales process with $30K in equity… but then it turns out all that maintenance you didn’t do amounts to half of that at closing.
Research shows that financially, homeowners are overwhelmingly unprepared to maintain the value of their investment, with 68% of homeowners planning to use a credit card or loan to pay for their next home improvement project. These credit cards and loans are often not paid in full and add to homeowner debt, putting them at risk for paying expensive interest costs, which adds a significant expense to the overall cost of their home improvement and maintenance projects. Failing to save, along with growing debt puts the homeowner's financial health in jeopardy. Saivy is designed to help homeowners proactively save their home by avoiding debt and optimizing their home equity value.