> 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
I assure you I am not paying ~$30k in maintenance on my ~$400k house every year... that would be comical
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.
That'd be $333/year averaged out, two orders of magnitude away from 30K/year example of OP.
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.