Our house is our single biggest investment and one that needs lots of care and maintenance. We’ve lived in our house for 11 years now and it feels like there is always something that needs work.
I analyzed it a couple years ago, and the ‘experts’ say that homes require somewhere in the range of 1%-3% of the value of a home in ongoing annual maintenance. With the average price of a home in the US hovering at about $202K, that translates to $2K-$6K a year in maintenance.
Related: The Price Of Home Upkeep
Our house is bigger than average and we’ve built it 11 years this Halloween. That means the amount of money we are paying out seems to be going up. After a decade in a new house, it is prime-time for many things to need replacing.
I’m not particularly handy, but my phone has a list of ‘my guys’ … the painter, the handyman, the concrete guy, the arborist, the HVAC/plumber, the cabinet maker, irrigation specialist, and landscaper. Many of these people we see year after year and have been using for over 20 years! We have a lot of neighbors that call me and ask if I have a ‘guy’ for something they need done on their house.
One project we are contemplating right now is painting our whole house. It was built with durable, pre-painted cement board, but is starting to fade. We really noticed it when we had our metal garage doors repainted this summer. They look brand new, but now the house looks a bit weatherworn by comparison.
It’s hard to know exactly when we should have the cement board repainted. Functionally, it’s fine and it was warranted for 15 years. It’s just that it doesn’t look shiny and new anymore. We’ll get an estimate and consider a paint job next summer (year 12) or the summer after that (year 13). I suppose it doesn’t matter exactly when we do it as it is a bit unlikely we’ll live in the house another 10-15 years an have to do it again?
What Big House Projects Do You Have Teed Up Next?
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