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Updated almost 4 years ago,
Saving for new appliances for your property 10-25 years from now
How do you save for appliances that you are probably going to need down the road 20 years from now?
For example,
Furnaces last approximately 20 years if well maintained.
Air Conditioning units last 10-15 years
Asphalt roofs last 15-20 years
Water Heaters last 6-13 years
All of this isn't cheap. Do you deduct from rent each month and put into a savings account, if so how much? I have a duplex and I need 2 of everything but Im looking long term here knowing that this is something I have to look forward to sadly.