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Property Maintenance Calculator
Set aside money for upkeep by estimating a yearly maintenance budget based on your home’s value.
How this calculator works
Enter the property value and a yearly maintenance rate as a percent of that value. The calculator shows the yearly and monthly amount. Many homeowners plan for roughly one to two percent of the home’s value a year, but older homes and homes with big systems nearing the end of their life often need more.
Example
A $380,000 home with a 1.5% yearly maintenance budget. The calculator shows: Yearly: $5,700.00 · Monthly: $475.00.
Tips
- Keep this money in a separate account so it is there when a repair comes up.
- Plan for large items such as the roof, furnace, water heater and exterior paint, and note their ages.
- Spend a little on regular maintenance, like gutters and filters, to avoid bigger repairs later.
Common questions
What percentage should I use?
A common planning range is 1% to 2% of the home’s value a year. Older homes may need more.
Does this include improvements?
No. It is for upkeep and repairs, not remodeling or upgrades.
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Results are estimates only. See our disclaimer.