Is 1% of home value ok for home maintenance?

[davebarnes]

The biggest expense is groceries/household goods at 14%.

Ours are:
Travel
Food
Wine
Medical insurance

 

[Buckeye]

I always think of it as two separate things, as upgrades has no limit.

For maintenance I always rough estimate $2K for my rental per year, which is 0.5% of value.

A person can always work out a rough estimate of yearly amortization, as the big ticket items are: roof, furnace, A/C, fridge, stove, dishwasher, driveway.

That works until it's time for a new roof!