What should I set aside, and what needs doing now?
Enter what the home is worth, the share you plan to set aside each year and how old the home is. The checklist shows the tasks for the month you pick.
Your estimate
SET ASIDE EACH MONTH
How this is estimated
What the calculator assumes.
The checklist. Tasks follow the seasonal maintenance calendar in CMHC’s Homebuyers Checklist, in plain words. Follow the maker’s instructions for each appliance, and hire a qualified trade for gas, electrical and roof work.
The budget. Setting aside 1% to 3% of the home’s value a year is a common rule of thumb, not an official standard. Condo owners pay much of this through condo fees and the reserve fund. Plan renovations with the renovation tax credit, paint and flooring calculators.
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