House maintenance

[Maistre Gracey]

How much do you budget for UNEXPECTED maintenance for your house??

I have read anywhere between 1 - 2 % per year of the value of your home.
I’m not sure how realistic that is. I’m a bit paranoid I’m going to get hit with a large unexpected bill, yet I have money, possibly not needed, accumulating in that budget over the years.

Thoughts??

 

[mom-2-3]

Just from my own experience, not any formula, think about what could go wrong, and start there. ie what is your HO deductible $500, 1000, etc. what appliances are aging and cost to replace; are you on well and/or septic, costs for repairs / pumping. In the wee hours of the morning, these are my thoughts. If I’ve misunderstood your question, sorry.