Facility Maintenance Cost Calculator
Estimate your annual maintenance budget using two different methods: a quick rule-of-thumb based on property value, and a more detailed itemized approach.
Avoid unexpected, costly repairs by budgeting for maintenance proactively.
Create a realistic maintenance line item in your annual budget.
Ensure the longevity and value of your property with regular upkeep.
Method 1: Rule-of-Thumb Estimate
Method 2: Itemized Monthly Costs
Results
Enter values and click Calculate to see results
Understanding Facility Maintenance Costs
Budgeting for facility maintenance is crucial for any property-based business. Failing to do so can lead to expensive emergency repairs and a decline in the quality of your guest experience.
The 1% Rule (and its variations): A common rule of thumb is to budget 1% of your property's value for annual maintenance. For older properties or those in harsh climates, this can increase to 2-4%. This is a quick way to get a baseline budget number.
Itemized Budgeting: A more accurate method is to sum up all your recurring monthly maintenance contracts (landscaping, cleaning, HVAC servicing, etc.) and then add a contingency fund for unexpected repairs. This calculator multiplies your monthly inputs by 12 to give you an annual estimate based on your known costs.
Frequently Asked Questions
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