While these rules can give you a ballpark estimate of annual maintenance costs, they don’t take into account the home itself or the climate it resides in. There are several additional factors that have an impact on the cost of maintenance and repairs for a specific house.The age of the property can play a huge role. A new home built within the last five to ten years will need very little maintenance, while homes ten to 20 years old will need slightly more. Once a home turns 20 or 30, there’s a good chance that major components, such as the roof, may need to be replaced.
