Curious how you decide your number for CapEx?

[Brian H.]

Hey all!

So when you are deciding what to set aside for CapEx when doing a property analysis do you adjust it based on how new certain items in the home are? A property I am looking at has a 2 year old furnace, 8 year old roof, 4 year old water filter system... would you maybe hold less on that expense since these items are newer or just do the same amount regardless?

Thanks!!