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Updated almost 2 years ago on . Most recent reply

Michael Narup's profile image
Michael Narup's profile image
Michael Narup
  • Real Estate Agent
  • from Sierra Vista, AZ
  • Member since May 23, 2015
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Michael Narup's profile image
Michael Narup's profile image
Michael Narup
  • Real Estate Agent
  • from Sierra Vista, AZ
  • Member since May 23, 2015
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Michael Narup
  • Real Estate Agent
  • Sierra Vista, AZ
0
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General Real Estate Investing

CapEx estimation on a Condo

Michael Narup
  • Real Estate Agent
  • Sierra Vista, AZ
Posted

Hi BP!

I am trying to evaluate how large CapEx should be when evaluating a property if the HOA includes the roof and siding. My rough rule of thumb has been 10% of rents for newer single families and 15% of rents for older single families. Also, I have heard some nightmare stories about special assessments on condos; are these more an exception than the rule? For reference, the condo I am looking at is basically one side of a duplex but it is in a community with fourplexes that are two stories. Thanks!

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