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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$500 per month set aside should be ok for home maintenance.  I found it helpful to list a life span and estimated cost for each item (roof, repointing, water heater, even down to minor stuff like the fridge, it adds up) and then divided to get a rough monthly guesstimate.

Are you planning on doing your own lawn care?

What about travel?  Think about normal/discretionary travel as well as emergencies, if you have family members far away.[/quote]

$500 per month for home maintenance seems really high.  To put it in perspective, that's $6,000 per year, $60,000 over ten years and $120,000 over 20 years.  If you're not doing your own lawn care (mowing, landscaping, etc.) and if you have a cleaning service that might be more accurate.[/quote]
Nope, not high at all unless you have a new build.
We're budgeting $10K per year for various home projects. Like this year we replaced windows (11k), bunch of small projects. 
Next year we need to paint outside, water heater is about to go as well as w/d (another 1,5-2k), driveway resurface (no idea), and we need to set aside money to replace roof sometime in the future ( hopefully we'll have at least 2 years).

Oh, and don't get me even started on plumber costs. Emergency call for clogged pipe is $300-$400  :evil:[/quote]

I don't think it's too high.  In a given month you might spend $100-$400 on projects and emergencies, and set aside the remainder for long-term stuff.  Things do come up-- plumbers are ghastly expensive, plus downed trees, basement flooding, cleanup after a break-in, what about mold, termites, etc?  Insurance may cover some of this but you might need to pay out of pocket and be reimbursed, so it's good to have a stash.

Is there a garage to maintain as well? 
What is your homeowners insurance deductible?
Is there a HOA and what are the dues?[/quote]

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