Free Maintenance Cost Calculator
Estimate annual maintenance and repair costs using the percentage-of-value method and the per-unit method.
USD
%
USD
Estimate (% of Value)
$5,250
Estimate (Per Unit)$5,000
Monthly Reserve (Higher)$437.50
Estimate (% of Value) vs Property Value
Estimating Maintenance Costs
Two common methods for budgeting maintenance and repairs:
Percentage-of-Value Method
Annual Maintenance = Property Value x Rate%
Typical range: 1-2% of property value annually
Per-Unit Method
Annual Maintenance = Number of Units x Per-Unit Budget
Typical range: $1,500-$3,500 per unit per year
Use the higher estimate for conservative budgeting
Example Calculation
A $350,000 duplex using 1.5% value rate and $2,500 per unit budget.
- 01Percentage method: $350,000 x 1.5% = $5,250
- 02Per-unit method: 2 x $2,500 = $5,000
- 03Higher estimate: $5,250
- 04Monthly reserve: $5,250 / 12 = $437.50