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Updated almost 10 years ago,
Estimating CapEx and Maintenance/Repairs in Tampa, FL and beyond
First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched the interweb and all I can seem to find is "budget 1% - 2 % of purchase price/asset value per year for these." That doesn't really cut it for me.
What I'd love is a list of common items I should expect to incur and their respective average cost or estimated cost. For example [AC replacement - $5,000 - 15 yr expected useful life] , [interior paint - $200 - 2-3 yrs or as needed per tenant turnover]. Maybe if someone has a matrix or spreadsheet they would share? Thanks in advance.
The asset will be:
located in Tampa, FL
Approximately $100,000
3/2 | +/- 1200 sq ft (heated)
Block