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Average Costs of Home Maintenance

With the joys of home ownership comes the sorrow of maintenance bills. Do you know what the average maintenance cost is for homes in your area? Armed with that information you can see if your home is up to snuff or if you could make improvements that could actually lower your maintenance costs. There are two methods commonly used to determine average home maintenance costs.

The first method is the square foot method. This rule states that you should plan to spend $1 per square foot per year for your home’s maintenance. If you own a 2000 square foot house, you should anticipate spending $2000 a year for maintenance and repairs. Some years you might go over this allotted amount, but over a five year period the yearly average should equate to roughly the square footage of the home.

The second method is the sales price method. The more you paid for your home, the more expensive you can anticipate the maintenance costs to be. If you paid $300,000 for your home, 1% of $300,000 is what you should budget for home maintenance.

By carefully tracking the maintenance expenses of your home, you can make educated decisions on the needs in your home and save for the next maintenance repair ahead of time. If you find you are in need of replacing your air conditioning system, we hope you will keep us in mind. Give us a call today at (972) 446-COOL (2665) or find us online at www.spencerairconditioning.com. Spencer Air Conditioning and Heating has been serving your neighbors since 1960 and we are here to meet all of your HVAC needs. We can evaluate your system and provide you with information and options specifically for your home.