I had to send them receipts of the big ticket items like the roof replacement, windows, replacement and some before and after pics.

Just because a contract died (Could be buyer lost job, neighbor gave an even better offer then backed out, discovered there was a leak in the H2O tank and they replaced it).

These are some of the other items that need to be budgeted for roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 15-20 year life span, etc.

Or the roof has major leaks which has caused significant damage to the decking and the ceiling is crumbling (So now you need to add new roof and decking to the budget).

Verifying if smoke detectors are functioning, appliances are running and water pipes are not leaking is a plus.

I would assume you would want to budget for roof 25 year life span, hvac 20 year life span, appliances and hot water heater 12 year life span, bath and kitchen remodel 15-20 year life span, etc.

So without more info on the property (address or at least zip code, age of the property, condition of the various components such as roof and foundation, among other things), it will be hard for others to gauge the reasonableness of these assumptions or provide specific feedback. 

I do have some large expenses coming up in the next few years such as replacing the oil boiler with a gas boiler (the basement floods a increasingly and the oil boiler is oddly the lowest point intentionally) and the roof is probably 5 years out maybe a little longer.I’m grateful to be in this position and honestly got very fortunate with how the cards rolled out on this one.

If the roof falls apart 3 months after you close, will saving $200 a month really do anything to pay for it?

This reno consisted of more cosmetic but did require some electrical, plumbing, new windows, and roof repairs.