"For a $400,000 home, the [$4,420] in maintenance and emergency spending in our report is closer to 1%.
Maintenance costs may reduce repair expensesWhile it's wise to have money set aside, maintenance can help reduce what you spend on unexpected repairs, Hicks said.
"We're seeing an increased focus on maintenance activities, which is good to see," Hicks said.
While the specifics of a necessary roof repair determine the cost, the average is $1,000, according to thisoldhouse.com.
That compares to an average $3,342 shelled out for water-damage repairs, according to Angi.