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The cost to maintain a home is something financial experts recommend budgeting for early on, in preparation for choosing which house to buy. On average, homeowners spend 1 percent of their overall home cost in maintenance every year, according to a new study by Porch.com.
The upkeep costs can vary based on style, age, type, and even location of the home. The average cost to maintaining a home each year is about $16,000, according to Porch.com’s analysis.
Where does all that money go? A few chores that routinely pop up on a homeowner’s to-do list include pool keeping, lawn maintenance, and repairs and replacements of appliances.
View the chart from Porch.com to see the estimated frequency of maintaining certain aspects of the home, and the average costs.
If you are thinking of "sizing- downsizing or upsizing," call for a Free Home Valuation.
Meg Kalimon
Treeline Realty Corp.
Meg@Treelinerealty.com
Www. MegKalimon.com
239-789-7772
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National Association of Realtors® Official Magazine 7/27/2017