Having a home to yourself is like a dream comes true. You can decorate and modify it however you like. But do not forget that having a home to yourself is also a huge responsibility. The property needs special care, or else you can ruin it completely. Like any other thing, you need to take care of the maintenance of your home. There are different maintenance types available that you need to consider. The most essential of them all is the yearly maintenance. The reason is that in the annual maintenance, you need to tackle the remodeling and changes. Know that it is not an easy thing to determine the budget you need to repair your home. But saving the appropriate amount is a crucial one. The suitable way to determine the budget is by following the several points and set rules. Know that you need to opt for environment-friendly ways to save yourself extra cost. You can also opt for cheap led lights for ceiling because they are cheap and a cost-effective solution. Led lights are a durable option, and they can help you save your electricity cost. Below we are listing the ways you can estimate the yearly maintenance cost of your house. These points can help you determine an approximate budget for your repair cost.

The rule of thumb 

The first thing that needs your consideration is to follow the rule of thumb. The experts advise you to save at least to 4 % of the total value of your home for yearly maintenance. The cost estimates that the annual maintenance will be around 1 to 4 % of the total home value. You can save this amount for the yearly maintenance. Know that the estimated cost and the actual price can go up or low from the estimated amount. The cost will depend upon the age of your home and interior too.

The square foot

The cost also depends upon the area of your house. You need to save an extra price if your home is spacious. The large property will need a hefty sum of amount. Besides, the small property will need less amount of maintenance. It is advisable to estimate that the one square foot of your home will need $1. Know that if your home is 100 square feet, you need to save up to $100 for maintenance costs. Know that you need to keep all the factors into account before deciding the price.

The age of the property

With all the above factors, the age of your home also matters in saving up the budget for yearly maintenance. Remember that the old property will need an extra cost of repair. You need less amount for repairing if your home is relatively new. Make sure to inspect the other factors while deciding the budget of your home. It is not possible to look for only one point to plan the budget.

Examine the surroundings

The cost of repair will also depend upon the surroundings of your home. Poor surroundings will take the extra price for maintenance. The monthly maintenance will also give you a rough view of how much you need to save for the yearly maintenance cost.