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> but 5-10% of the value of the house a year in maintenance isn’t unheard of. I assure you I am not paying ~$30k in maintenance on my ~$400k house every year.
by arcticfox 1y ago
> but 5-10% of the value of the house a year in maintenance isn’t unheard of.
I assure you I am not paying ~$30k in maintenance on my ~$400k house every year... that would be comical
- bombcar 1y agoAdd it up and work it out; factor out the land if you must (e.g., pretend it’s a landlord business and you’re renting to yourself). Maintenance items add up, and some only happen every 20-30 years, it can hit hard. A new roof every 30 years at $10k is already noticeable.
- jjav 1y ago> A new roof every 30 years at $10k is already noticeable That'd be $333/year averaged out, two orders of magnitude away from 30K/year example of OP.
- sokoloff 1y agoThe $10K roof is noticeable precisely because it's an outlier that pulls the average up towards the 1-2% per year range for all but the least expensive houses. If houses really consumed 5-10% of the purchase price on average per year, people wouldn't worry or talk so much about roof replacements; they'd be just other drops in the bucket.
- arcticfox 1y agoI could replace my roof, literally the most expensive regular maintenance, for $10k a pop twice a year and still come out way under your estimate lol