To evaluate the price and value of the House & Home Maintenance Services, we need to use a sample home. The sample home we’ll use is 13 years old, has 4,800 square feet, an estimated value of $650,000, 1 clothes dryer, 2 hot water heaters, 2 furnaces, air conditioning units and humidifiers, 1 water filtration system, 1 refrigerator, 1 freezer, 1 wine cooler, 6 sinks and 2 garage door openers.
Using the information above, the annual cost of the House & Home Maintenance Packages are as follows:
Annual H&H Maintenance Cost Based On Sample Home (described above)
If this seems high, consider:
Coldwell Banker Real Estate, LLC recommends an annual home maintenance budget of between 1.5% and 4% of the homes value. Using our sample home you would need an annual maintenance budget of between $9,750 and $26,000.
The American Society of Home Inspectors advises homeowners to budget the following for the annual maintenance of their homes:
For homes less than 10 years old, budget .75% of the home’s value.
For homes between 10 and 20 years old, budget 1.5% of the home’s value.
For homes over 20 years old, budget 3.0% of the home’s value.
Again, using our sample home, you would need a budget of $9,750 per year for maintenance!
Our analysis indicates that if you called separate specialty contractors and handymen to complete all the inspections, tests and maintenance included in the House & Home Maintenance Gold Package, you would spend $8,105! This number does not include your time to find, screen, schedule and supervise these individual service providers.
All things considered, the House & Home Maintenance Services would still be an excellent value at nearly twice the price!
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