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Just to jump on... houses require maintenance. About 1% of the house value per year (roof needs replacing, hvac needs fixing, etc etc). If you skimp on maintena
by rbobby 11y ago
Just to jump on... houses require maintenance. About 1% of the house value per year (roof needs replacing, hvac needs fixing, etc etc). If you skimp on maintenance the value of the house declines, possibly a lot (a leaking roof or basement can cause serious damage over time).
- OneOneOneOne 11y agoI think this is true for basic maintenance. Repairing something broken or about to cause problems like a roof is necessary. Beyond that I've noticed that house price seems to depend more on location than overall condition. There doesn't seem much financial incentive for homeowners to update their house.