Home maintenance budget planner
Build an annual home-maintenance budget scenario from property value and a percentage you choose. There is no single rate that suits every building.
Result
Annual budget scenario
Monthly budget scenario
How to use this tool
- Enter your property's approximate value.
- Choose a percentage for your scenario; the prefilled 1% is an example, not a recommendation.
- Read the suggested annual and monthly maintenance budget.
Assumptions
- The prefilled 1% is an illustrative scenario input, not a sourced benchmark or recommended savings rate. Actual maintenance needs depend on the property's age, condition, materials and known repairs.
- This is a budgeting guideline only — it is not property valuation advice, investment advice, or a substitute for a professional building survey.
Technical details: what the fields mean
- Approximate property value
propertyValueGbp - A rough estimate of your property's current value — doesn't need to be exact.
- Maintenance rate
percentPerYear - The percentage used in this scenario. Set it using your maintenance history, surveys, known repairs and local quotes rather than assuming a universal rate.
Methodology
Annual budget = property value × maintenance rate%. Monthly budget = annual budget ÷ 12.
Worked example
£300,000 property at 1%/year
Inputs: Approximate property value: £300000, Maintenance rate: 1 %/year
Result: £3,000/year, £250/month
Practical guidance
- Base a planning rate on inspection findings and known near-term repairs; run lower and higher scenarios to see how the annual and monthly amounts change.
- Consider separating regular upkeep from known large projects (such as a roof or boiler replacement) so one percentage does not obscure expected work.
Common mistakes
- Treating the 1% prefill as a recommended or guaranteed maintenance rate rather than an example scenario that must be set to fit the property.
FAQs
Is 1% of property value the right maintenance rate?
There is no universal rate. The prefilled 1% is an example only; use your home's condition, survey findings, maintenance history and known repair quotes to choose a scenario.
Is this financial or investment advice?
No — this is arithmetic from the percentage you enter, not property valuation, investment, mortgage or financial advice.
Last reviewed: 2026-10-11
This is arithmetic using the percentage you choose, not a forecast of required repairs or a property valuation. Not financial, investment or survey advice.
This tool provides an indicative estimate, based on the assumptions stated above.
Theme and tool preferences, along with saved and recently used lists, are stored only in this browser.