Quote:
Originally Posted by Sliver
That's only like $6350/unit. Honestly, that not that much for maintaining a property. I realize there are condo fees on top of that, but I read recently you can count on spending about 10% of the value of your place/year to keep it maintained and appropriately upgraded with time. My experience has been this is about accurate. Owning a house and maintaining it properly is so expensive (new homes you get a maintenance holiday, but that's temporary).
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I think you added a 0 to that percentage. For example, if you owned a $750K home, you're telling me I will be spending $75,000 a YEAR maintaining and upgrading it (ie saving for windows, roof, etc) it? No chance in hell. $7,500 I might buy.
Windows last 15-20 years on a new house, a roof 20 years. Otherwise you've got paint and the odd repair.