How to Money cover image

Ask HTM - Home Warranties, Paying Extra on a Mortgage vs Investing, & Marketing a Side Business #700

How to Money

00:00

How Much Should You Spend on Home Maintenance?

Home warranty plans are a poor solution that could leave you in the lurch when something at your home is in dire need of actual repair or replacement. You're going to be far better off to put 500 bucks or however much you're paying in premiums in premiums. Take that money and put it in your savings account. And then just add to it regularly so that you can tackle some of these issues yourself When they do pop up. There are differing opinions as to how much you should plan to spend on home maintenance. But I've seen anywhere between one and five percent of the purchase price or cost of the home as a good rule of thumb.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app