Home Maintenance Calculator
Calculate Maintenance Budget
Estimate annual home maintenance costs
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Formula
Annual Budget = Home Value x (1% to 2%) | Monthly Budget = Annual / 12
Frequently Asked Questions
How much should I budget for home maintenance?
The general rule is 1-2% of your home value per year. A $350,000 home should budget $3,500-$7,000 annually ($290-$585/month). Older homes, larger homes, and homes in harsh climates should budget toward the higher end.
What does the 1% rule cover?
The 1% rule covers routine maintenance like HVAC servicing, gutter cleaning, plumbing repairs, painting, appliance repairs, lawn care, pest control, and minor repairs. It does not cover major renovations, additions, or catastrophic damage.
Why do older homes cost more to maintain?
Older homes have aging systems (roof, HVAC, plumbing, electrical) that are closer to replacement. A 20-year-old roof may need replacement ($8,000-$15,000), older HVAC systems are less efficient, and outdated plumbing may develop leaks. Budget 2-3% for homes over 20 years old.
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