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Updated almost 9 years ago,
Maintenance estimates - townhouse vs. SF home
In a townhome, with the exterior of the house covered by the HOA fees, do you typically estimate the maintenance costs lower than you would on a single family home? In my NOI estimations, I've always put 10% of the (Rent - Vacancy factor) to use as a maintenance reserve for the property. Are there recommended numbers to go by that differ depending on the type of property?
Thanks for the input.