How to Budget Realistically for Home Repairs | National

How to Budget Realistically for Home Repairs | National

If you’re a homeowner and haven’t faced a big repair bill yet, just wait. Even in the best-maintained homes, stuff will wear out or break.

Budgeting for these inevitable bills isn’t always easy. One commonly cited rule of thumb — to save 1% to 4% of your home’s value each year for maintenance and repairs — can give homeowners sticker shock as real estate prices soar.

Home costs depend on age, condition, climate

Deciding how much to set aside

Other ways to prepare for home costs


https://www.independentnews.com/news/national/how-to-budget-realistically-for-home-repairs/article_e4340bfa-5bb7-541a-b518-d1ca99bb6ad3.html