Purchasing a house is just the beginning of your financial obligations, as homeownership comes with various costs, primarily maintenance. Many buyers, especially first-timers transitioning from rentals, may overlook maintenance expenses, leading to unexpected surprises when appliances break down or repairs are needed. In addition to unforeseen repairs, there is also the ongoing daily upkeep that can quickly add up to an average of more than $8,800 per year, according to Bankrate.
It is no surprise that homeowners are feeling financial pressure. A recent survey by Angi revealed that nearly half of homeowners have experienced increased stress related to necessary repairs since the beginning of 2025. More than 60% are now more concerned about covering maintenance costs than they were just a few months ago. The most common regret among homeowners is that maintenance costs were higher than anticipated.
Maintenance costs have been on the rise due to various factors, including supply chain disruptions leading to material shortages and increased demand for repairs caused by extreme weather events. Additionally, labor costs have increased, borrowing has become more expensive, and other homeownership expenses like property taxes and insurance have been growing. On average, owning and maintaining a single-family home costs over $21,000 annually, with costs varying significantly depending on location.
Due to these escalating expenses, 71% of homeowners have postponed planned projects. Certain home maintenance categories have seen substantial cost increases in the past year, such as roof repair, fireplace maintenance, irrigation systems, tree trimming, water heater repair, lawn care, and A/C maintenance. Looking ahead, it is advised not to expect a decrease in maintenance prices.
In the foreseeable future, housing costs are expected to continue rising due to various factors identified in the Joint Center for Housing Studies of Harvard University’s report, “Improving America’s Housing 2025”. These factors include an aging housing stock, aging householders, a shortage of skilled labor, immigration and tariff policies, changes in building codes due to climate change, and more expensive home maintenance costs. The most expensive annual home maintenance and repair costs, based on Thumbtack’s Home Care Price Index as of Q1 2025, are outlined below:
1. House cleaning:
The average annual cost for professional house cleaning services is $2,722, equivalent to nearly $225 per month. For busy households with multiple earners and larger families, this expense can be justified not just for peace of mind but also for maintaining a clean and healthy living environment.
2. Roof repair/maintenance:
The average cost for roof repair or maintenance has risen to $1,471, almost 30% higher than the previous year. Replacing a roof can be a significant expense, especially in regions prone to roof damage like Florida.
3. Tree trimming/removal:
The average annual cost for tree trimming and removal is $1,138, essential for maintaining the safety and integrity of your property, particularly if trees are in close proximity to your home.
4. Lawn mowing:
Hiring a professional lawn service costs an average of $823 annually. While homeowners can opt to mow their own lawns, there are associated equipment and time costs.
5. Window cleaning:
Professional window cleaning services can cost homeowners an average of $519 annually. However, this is a manageable task for most homeowners to undertake themselves.
6. Water heater repair/maintenance:
The average annual cost for water heater repair and maintenance is $505, with replacement costs averaging around $1,300. Hot water heaters are essential for daily comfort and require regular maintenance.
7. Gutter cleaning:
Often overlooked, gutter cleaning plays a vital role in protecting homes from water damage. The average annual cost for gutter cleaning is $468, crucial for preventing flooding and structural damage caused by water infiltration.
These maintenance costs are significant considerations for homeowners looking to preserve the value and safety of their properties over time.
Neglecting your gutters can cause significant damage that is minimal when compared to the potential consequences.
Deck staining and sealing can add value to your home, with an average annual cost of $415. This cost may vary based on factors like deck material, size, and level of use. It typically costs around $150 for three gallons of stain for a 500 square feet deck, done every three to four years.
In 2024, 83% of homeowners faced unexpected maintenance issues, up from 46% in 2023. Water damage, roof issues, and window or door problems were most common.
On average, homeowners spend $8,808 annually on maintenance, which is a significant cost but still cheaper than repairs or renovations. Budget up to 4% of your home’s value for upkeep and an additional 1-3% for repairs.
Older homes generally require more maintenance and repairs. It’s important to plan for major repairs or updates, such as central air installation or roof replacement.
Having funds set aside for emergencies is crucial. If savings aren’t available, borrowing against home equity can be an option. 55% of homeowners consider using equity for repairs.
Prioritizing preventative maintenance can help avoid larger bills in the future. Prepare for situations where maintenance turns into an upgrade, like replacing an aging air conditioner. Making informed decisions about repairs can provide long-term benefits.
If you cannot afford a major repair or improvement out-of-pocket, you may tap into your home equity to cover the costs. There are several ways to borrow against your home equity:
1. Cash-out refinance: This option involves replacing your current primary mortgage with a larger one, allowing you to receive the difference in cash. It works best if you can secure a lower interest rate than your existing loan and have at least 20% equity in your home.
2. Home equity loan: This type of loan places an additional lien on your home and provides a lump sum that you repay at a fixed interest rate. It is suitable if you wish to preserve your primary mortgage and have a specific repair or renovation with a known cost.
3. HELOC: A home equity line of credit combines features of a home equity loan and a credit card. It enables you to access cash based on your equity while maintaining your primary mortgage. With a HELOC, you can withdraw funds as needed up to a set limit, similar to a credit card. This option is beneficial for projects with uncertain costs or for spreading payments out over time.
When it comes to home maintenance costs, it is essential to budget appropriately. Neglecting maintenance can lead to unforeseen expenses and decrease the value and safety of your home. Proper upkeep is crucial, especially as homes age and retain or increase in value. Staying on top of maintenance tasks is key to preserving your investment and ensuring the longevity of your property.
