Financial Toolset

Home Maintenance Budget Calculator

Calculate annual home maintenance costs using the 1-4% rule and square footage method. Budget for repairs, replacements, and emergencies.

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💰 Your Annual Maintenance Budget

1% Rule Method
$7,875/year
$656.25/month
2.25% of $350,000 home value
Square Footage Method
$2,200/year
$183.333/month
$1.00/sq ft × 2,200 sq ft
📊 RECOMMENDED BUDGET
$7,875/year
$656.25/month

Based on your 15-year-old home valued at $350,000, we recommend 2.25% of home value (moderate age means more repairs).

Your Home Details

100,0002,000,000
500 sq ft10000 sq ft
sq ft
19202025

📋 Where Your $7,875 Goes

Routine Maintenance (40%)
$3,150

HVAC servicing, gutter cleaning, lawn care, pest control, power washing

Repairs (30%)
$2,362.5

Plumbing fixes, electrical work, roof repairs, painting

Replacements (20%)
$1,575

Water heater, HVAC, roof (amortized), appliances

Emergency Fund (10%)
$787.5

Unexpected issues, storm damage, urgent repairs

Understanding the 1-4% Rule

The 1% rule is a simple guideline: budget 1% of your home's value annually for maintenance. However, this varies significantly based on home age and condition.

  • New homes (<10 years): 1% is usually sufficient
  • 15-20 year homes: Plan for 2% as systems age
  • 20-30 year homes: Budget 3% for major replacements
  • 30+ year homes: 4%+ due to extensive upkeep needs

Pro tip: Set up a dedicated high-yield savings account for home maintenance. Automate monthly transfers so the money is there when you need it.

Frequently Asked Questions

Common questions about the Home Maintenance Budget Calculator

The 1% rule suggests budgeting 1% of your home's value annually for maintenance and repairs. For a $300,000 home, that's $3,000/year or $250/month. Newer homes (under 5 years) may need closer to 1%, while older homes (20+ years) often require 3-4% to cover aging systems and major component replacements.

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⚠️ Important Disclaimer

This Home Maintenance Budget Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.

The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.

This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:

  • Certified Financial Planner (CFP)
  • Certified Public Accountant (CPA) for tax matters
  • Licensed attorney for legal matters
  • Registered Investment Advisor (RIA) for investment decisions

Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.

No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.