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Home Maintenance: What Does it Cost?

By: Allison Millar, Contributing Writer
In: Product review
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How much does it cost to maintain a house? That’s a tricky question because there are no set rules on home repairs. Do you repaint the exterior this year or wait a few years?

While there are some home maintenance projects that just can’t wait–like roofing repair–there are some that depend on the condition of the home. In many cases, the answer depends on your budget and tolerance.

Home Repair by the Years

Houses built during the past five years shouldn’t need a lot of work. That’s the idea when you buy new, right? While you may want to upgrade the window treatments or the landscaping, you shouldn’t have to replace the kitchen countertops. You might need to spend $200 to $500 total on:

  • Replacing furnace filters
  • Fixing a dripping faucet
  • Doing some spot painting–fix nail pops, change wall color in a few rooms
  • Adding bushes and flowerbeds in the yard

Houses that are 5 to 20 years old often need the following as they near the 20 year mark:

  • A new kitchen countertop
  • New engineered wood floors or a refinishing on solid wood
  • Repairs or replacements of the dishwasher, washer, dryer, water heater, and furnace

Overall, home repair costs can range from 1 to 4 percent of the cost of the home, says Freeby50.com. If you buy a $200,000 house, expect to spend $2,000 to $8,000 a year. That amount sounds reasonable for houses that are 10 to 40 years old…or older.

Here’s more from Houselogic.com on why home maintenance is important. And, an ounce of prevention can save you hundreds, says Getrichslowly.org.

Once you get into the 100 year mark, it’s best not to add up the home maintenance costs! Ignorance is bliss, as they say.

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  1. One Response to “Home Maintenance: What Does it Cost?”

  2. jamie
    Jan 10, 2011

    Old house can be expensive to maintain, but older homes are usually smaller, which means less house to maintain!

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