Comment by bombcar
5 days ago
Add it up and work it out; factor out the land if you must (e.g., pretend it’s a landlord business and you’re renting to yourself).
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.
> 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.
The $10K roof is noticeable precisely because it's an outlier that pulls the average up towards the 1-2% per year range for all but the least expensive houses.
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.
I could replace my roof, literally the most expensive regular maintenance, for $10k a pop twice a year and still come out way under your estimate lol