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> So, that average-value three-bedroom home ended up requiring an outlay of about $623,290 over 13.2 years of ownership. Mortgage payments alone accounted for $
by syndicatedjelly 3y ago
> So, that average-value three-bedroom home ended up requiring an outlay of about $623,290 over 13.2 years of ownership. Mortgage payments alone accounted for $270,593 of that, with maintenance and repairs adding up to $192,139. Utility payments came out to $54,662, surpassing the initial down payment of $46,266.
On a $350k home, they found the average maintenance cost to be $192k in just 13 years??? That must include voluntary upgrades right?