Owning your own home is a dream most of us have as we grow older. However, the stresses that come along with owning a home are often unanticipated. On average, your homes maintenance will cost 3-5% of your home value per year (Ratehub.ca, 2018). For a $400K home that works out to between $12,000 and $20,000 per year. Some homeowners are more proactive about fixing, repairing, and maintaining their homes than others. A lack of maintenance on major components like the foundation, roof, plumbing, and heating can result in major cost in the long term.