Maintenance costs: definition

The maintenance costs are the expenses needed to keep your home in good condition: minor repairs, painting, heating system checks, etc.

Maintenance costs in detail

Banks often assume a theoretical maintenance cost of around 1% of the property value per year in their calculations, even if your actual expenses vary depending on the age and condition of the property. Try our mortgage loan simulator.

Quick calculation of maintenance costs

For example, for a property worth 800 000 CHF, it is reasonable to plan for around 8 000 CHF per year as an average long-term maintenance budget, even if in some years you will spend less and in others much more on more significant work.

Resources related to maintenance

Author : Jean
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Guides about the term "maintenance"