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Updated about 5 years ago on . Most recent reply

User Stats

155
Posts
31
Votes
Austin Bright
31
Votes |
155
Posts

Estimating big $ repairs

Austin Bright
Posted

Being in the market for my first house hack, I'm a little nervous on how to estimate the cost for big $ repairs in DFW. There are so many variables..... Is they answer to spend a couple of hours learning about the age, composition, square footage, etc. and then getting quotes for everything? Do I need to do this for every property I analyze? Is it good enough to save say 2% of the property value every year? Some other percent?

What is the adequate way to budget to minor repairs? Do I need that as a separate line item? Or can I have one big maintenance fund set aside?

Thanks!

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