How to Buy a House - Step 6 - Planning For Home Maintenance Costs
By Ken and Leslye Huebsch, Realtors - Harrisburg Homes for Sale 717.514.1793
(3x Individual Agent of the Year, Luxury Homes, First-Time Buyers, Residential Resales, New Construction)
How to Buy a House - Step 6 - Planning For Home Maintenance Costs You don't think about future maintenance costs when considering how to buy a house, but you should. Whether buying an older home or a newly constructed home, equipment can be faulty and costly to repair. When learning how to buy a house, usually a home's purchase price can be used to project maintenance costs. The recommendations for annual maintenance costs range from 1.5 to 4 percent of the home's original cost. While this is not always true, especially when the purchase price of a home is three-quarters of a million dollars, it is a good rule of thumb for the average home buyer when contemplating how to buy a house. Since most home buyers are focusing on making the down payment and not saving for future repairs, a...
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