Major Home Maintenance Cycles – helping you budget for home renovations

I wrote an article a couple months ago about Home Renovation lessons learned from 30 years of owning a home.  One of the key lessons involved planning larger renovations around home maintenance projects.  The goal of this post is to lay out typical home repair projects and how often they might happen so you can see what to expect from a cost standpoint.

Expenses will very depending on the quality of products you use, but I hope this will help you to prioritize and find gaps so you’ll be able to complete that kitchen, bathroom or flooring project you’ve been saving for.

Most of the project expenses below are for an average 2500 sq ft home in Northern California and are estimates (including labor).

Major Service Cycle (Years) Cost Annual Budget Symptoms / Notes
Exterior
Roof 25 $10,000 $ 400 visual wear, rot or leaks
Gutters 20 $ 1,500 $ 75 damage, clogs or leaks
Siding or Paint (est.) 20 $10,000 $ 500 cracking, peeling, visual wear or rot
Windows 15 $ 8,000 $ 533 fogginess or visual rot (10 windows)
Decking 15 $10,000 $ 667 mold or rot (300-400 sq ft)
Landscaping 15 $ 3,000 $ 200 aesthetic, root issues or water drainage issues
Driveway 20 $ 3,500 $ 175 cracks, fading or drainage (500+ sq ft inc. demo)
$2,550
Interior
HVAC – Furnace 20 $ 4,000 $ 200 noise, temp control, electrical costs, furnace filter
HAVAC – A/C 15 $ 7,000 $ 467 noise, ineffective cooling
Plumbing: Heater / Tank 15 $ 4,000 $ 267 leaks, water – heat inconsistency
Electrical maint. $ 100 (estimate) varies; hum, efficiency upgrades
Flooring / Carpeting 25 $ 5,000 $ 200 humidity issues, wear / damage
Interior Paint 10 $ 4,000 $ 400 wall damage, fading and stains
Cabinetry / Storage 25 $10,000 $ 400 kitchen, garage, pantry storage
$2,033
Appliances
Washer Dryer 13 $ 1,600 $ 123 Mid-Range 4.0 cu.ft. Washer, 7.3 cu.ft. Dryer
Fridge 12 $ 1,300 $ 108 Mid-Range 26+ cu.ft.
Stove 15 $ 600 $ 40 Mid-Range unit
Dishwasher 9 $ 500 $ 56 Mid-Range unit
Microwave Oven 9 $ 350 $ 39 Mid-Range unit
Coffee maker 8 $ 100 $ 13 Mid-Range unit
Blender 8 $ 100 $ 13 Mid-Range unit
Food Processor 8 $ 150 $ 19 Mid-Range unit
$ 410
Total Annual Cost $ 4,993
Monthly Budget $ 416

 

If the owner of this hypothetical home saved approximately $400 a month for home maintenance, none of these expenses would be much of a surprise.  Keep in mind that home renovation projects should be budgeted in addition to maintenance costs.  In some cases, you can also save significant money and time by doing some of the easier jobs yourself while leaving the harder maintenance and renovations to professional installers.

TopInstallers Banner Slate

 

Speak Your Mind

*

Visit Us On TwitterVisit Us On FacebookVisit Us On LinkedinVisit Us On Google PlusVisit Us On PinterestVisit Us On Youtube