What are the real costs to run a house? Well there are many sites out there that will let you estimate this but often they vary widely. Instead of an estimate, here is exactly what it cost to run our bog standard 70s Gordon Head box in 2016. It’s about 2100 square feet with 2 adults and 2 kids upstairs, and 1 adult in the basement suite. Primary heat is via heat pump, secondary gas furnace, 2 gas fireplaces, and a couple baseboards in the basement. Double pane vinyl windows, 2×4 construction, and extra insulation in the attic.
On the maintenance side we actually had some expenses this year. As luck would have it our furnace broke, the washing machine self destructed, and the hot water tank had to be replaced all at once around Christmas. That made up the majority of the increase over two years ago when I last published one of these posts and it cost us $6743 for utilities, tax, and insurance, and another $1500 or so in maintenance.
How about last year?
|Month||Hydro Cost||Gas Cost||Water/Sewer||Maintenance|
Surprisingly enough despite inflation, an extra baby in the house, and a month and a half of charging the electric car our utility costs are only up 2% since 2 years ago, thanks mostly to the cheaper gas. Insurance was about the same for less coverage (I dialed up the deductibles) and property taxes are up 12%.
All in all to keep the house livable cost us about $920 per month. While it seemed like quite a few things broke at once this year, there weren’t really any extraordinary maintenance expenses. When big things like the roof or furnace need replacing those costs could go up significantly and need to be taken into account.