🧰 Budgeting for Home Repairs: The 1% Rule Made Simple
Buying a home is exciting—but let’s talk about what comes next: maintenance and repairs. A good rule of thumb? The 1% Rule.
🔹 What’s the 1% Rule?
Set aside 1% of your home’s value each year for repairs. So if your home is worth $250,000, aim to save $2,500 annually. That’s just over $200 a month to protect your investment and peace of mind.
🔹 Why it matters:
Appliances break. Roofs age. Pipes leak. Having a cushion means you’re prepared—and less stressed—when life happens.
🔹 Pro tip:
If your home is 25+ years old, consider bumping it up to 1.5–2%. Older homes = more wear and tear.
At the Bekah Cochran Team, we don’t just help you buy or sell—we help you stay informed. Need more tips for smart homeownership?
Let’s chat!
