Asked by Theresa, San Francisco, CA • Fri May 27, 2011
Is there a formula for the costs of expected repairs/maintenance over a 10 year period which I can amortize monthly. I want such a figure, just to plug into my monthly expenses side in figuring my ROI. If I could approximate how much more expensive (if any), a 1960's house would be to repair/maintain.....than a 1990's house, or 2005 house.
In other words, besides greater utility bills for older, less insulated, less efficient air and heat in older homes, are there any other items that I'd need to budget for in figuring ROI, rather than the ROI of newer homes, speaking in general? I know that each house has it's own financial personality.
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