• Skip to main content
  • Skip to primary sidebar

Ask Liz Weston

Get smart with your money

  • About
  • Liz’s Books
  • Speaking
  • Disclosure
  • Contact

How to budget realistically for home repairs

July 26, 2022 By Liz Weston

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.

In my latest for the Associated Press, hot to decide on how much you should put aside for home repairs.

Related Posts

  • 5 Good Reasons to Tap Your Home Equity

    Lenders want you to borrow against your home equity again. The question is, should you?…

  • Small home fixes can have a big impact on safety

    If it ain’t broke, maybe you should fix it anyway. That’s the message consumer advocates…

  • How to reduce taxes when you sell your home

    If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor…

  • Retiring? If you need a home loan, get one first

    Retired engineers Kelly and Derek Barkey assumed they would be approved when they applied for…

Filed Under: Liz's Blog Tagged With: home repair budget, home repairs

Primary Sidebar

Search

Copyright © 2025 · Ask Liz Weston 2.0 On Genesis Framework · WordPress · Log in