The average U.S. homeowner spends an average of approximately $2,000 per year on maintenance services, according to new data released by Bankrate.com
The survey also found 63 percent homeowners utilized at least one recurring maintenance provider, including 35 percent who have signed up for two or more. Among the eight primary home maintenance services outsourced by property owners, average monthly costs were highest for housekeeping ($285), followed by homeowners’ association dues ($210), landscaping ($144), home security system ($130), pool care ($123), snow removal ($84), septic service ($67) and private trash/recycling collection ($55).
In comparison, only 37 percent of renters hired someone to perform one or more of the eight aforementioned tasks. The average renter spends approximately $550 annually on these services.
“These figures illustrate the hidden costs of homeownership, and it’s important to note they don’t include repairs such as a broken refrigerator, washing machine or air conditioner,” said Bankrate.com analyst Taylor Tepper. “These are just ongoing, routine tasks like keeping your house and yard clean. Make sure to factor these costs into your new budget when you buy a house. Or do them yourself to save thousands of dollars each year.”