What is the 1% rule for home maintenance?

A common guideline that homeowners should budget about 1% of their home's value each year for maintenance and repairs. Older homes often need 2% or more.

Does home age change the budget?

Yes. Newer homes trend toward 1%, while homes over 50 years old often require 2.5% or more annually because major systems are nearing end of life.

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How much to set aside each year using the 1% rule.

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Frequently asked questions

What is the 1% rule for home maintenance?: A common guideline that homeowners should budget about 1% of their home's value each year for maintenance and repairs. Older homes often need 2% or more.
Does home age change the budget?: Yes. Newer homes trend toward 1%, while homes over 50 years old often require 2.5% or more annually because major systems are nearing end of life.