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That should be regularly forecast and budgeted include repainting or staining outdoor wood or metal, repainting masonry, waterproofing masonry, cleaning out septic systems, replacing sacrificial electrodes in water heaters, replacing old washing machine hoses (preferably with stainless steel hoses less likely to burst and cause a flood), and other home improvements such as replacement of obsolete or ageing systems with limited useful lifetimes (water heaters, wood stoves, pumps, and asphaltic or wooden roof shingles and siding.
