What is the average amount spent on home maintenance?

Answer 1

Home maintenance costs vary widely, depending on your home and contents. As a general rule of thumb, you should expect to spend about 1 % of the value of your home every year in maintenance. For instance, a $300,000 home will require about $3,000 a year for basic maintenance. An important note is that basic maintenance does not include major repairs that can occur when assets like air conditioner or furnace fails. These should be budgeted for ove time. At TheProperHome.com, we suggest that you set aside an additional 1% per year to offset major maintenance when it is required. If you use a homeowner's program like our Stonebridge Home Assistant at TheProperHome.com, you can dramatically decrease costs by simply maintaining your property according to the schedule of the manufacurer. We have discovered that by simply spraying your air conditioner coils four times a year, you can add about 4 years to its life span. This limits costs of ownership and prolongs expensive repairs significantly. TheProperHome.com