What should you estimate for annual maintenance? That depends on a few things.
First, make sure you have a good emergency fund set aside just in case something goes horribly wrong!
Then, budget between 1% adn 4% of your home’s value annually. Those with new homes can budget less while those with older homes should budget more.
Realtor said, “If you haven’t lived in your house for long or if you don’t have records of how much you spent last year, consider tracking your home maintenance and repair costs.”
How Much Should You Budget for Home Maintenance and Repairs?
You should have an amount in your monthly budget allocated specifically for home maintenance and repairs, both planned and unforeseen, so you can afford to keep your house in tiptop shape without jeopardizing your important emergency fund or going into debt.If you haveRead More