Set aside 5% of your purchase price per year for ongoing maintenance and upkeep. If you are lucky, you won’t have to tap it all each year, allowing you save up for larger projects and/or proactive maintenance.
Monday, June 24, 2019
Rules of Real Estate: 5% rule!
Most new homeowners learn the hard way that home catastrophe happens when you least expect it. Combat surprise financial devastation by following the 5% rule...
Set aside 5% of your purchase price per year for ongoing maintenance and upkeep. If you are lucky, you won’t have to tap it all each year, allowing you save up for larger projects and/or proactive maintenance.
Set aside 5% of your purchase price per year for ongoing maintenance and upkeep. If you are lucky, you won’t have to tap it all each year, allowing you save up for larger projects and/or proactive maintenance.
