what is the monthly average on house repairs?
- deb sLv 69 years agoFavorite Answer
That is going to depend on the age of the house. the age of each of the systems
I save 10% of my mortgage amount for repairs. It averages out over the course of a year. Most months I don't use it...then some months I get a big repair job.
I plan for capital items in this manner:
I know a roof is going to cost $15,000. so..since my roof in 10 years old and a new roof have a life of 25 years.. I have 15 years to save for it. I put away $80 a month for that future repair.
I know a new furnace costs $3500. with a life of 15 years.............
- KerryLv 69 years ago
you've left out details....
where is located? how old is it? whats the sq footage?...what shape is it in?
all these come into play to arrive at a proposed figure......only you can answer it