Frequently Asked Question
Quick Answer
A practical starting point is 1.5% of the home's value per year for routine maintenance on a typical Pensacola property. On older homes, coastal properties, or homes with aging systems, 2% is more conservative and often more accurate.
A practical starting point is 1.5% of the home's value per year for routine maintenance on a typical Pensacola property. On older homes, coastal properties, or homes with aging systems, 2% is more conservative and often more accurate. That budget covers routine upkeep and gradual system replacement but should be supplemented by a reserve fund for significant unplanned repairs.
This answer is part of a longer article by Pam Heinold:
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