Question

How much should you save each year for maintaining your home

Answer 1

Property experts recommend that householders should spend one per cent of the value of their home on improvements, per annum, in order to maintain its worth in the market place.

Answer 2

According to the one percent rule, you should set aside at least one percent of your home's value every year for home maintenance. For a $360,000 house, this works out to $3,600 per year, or $300 per month.