HomeownershipHomebuying Glossary
Maintenance Reserve
Also known as Home Maintenance Fund
Money set aside specifically to cover ongoing repairs and upkeep of your home.
In plain English
A maintenance reserve is savings you deliberately keep on hand for predictable home upkeep and unexpected repairs — commonly estimated as 1%–2% of your home's value per year.
Why it matters
Unlike renting, there's no landlord to call — building a maintenance reserve into your budget from day one avoids a scramble when something breaks.
Where you'll run into it
Guides and tools on TheBuyingPath that cover maintenance reserve in context.
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