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Started By
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re: For you youngsters; The truth about owning a home
Posted on 12/20/22 at 10:26 am to Salmon
Posted on 12/20/22 at 10:26 am to Salmon
quote:
True
and I guess if you are the type to pay for a handyman for everything it can add up
I've probably saved myself thousands of dollars by watching a few YT videos
We'd be surprised at how many homeowners don't know anything about hvac air filters and dryer lint filters.
1
Posted on 12/20/22 at 10:26 am to Tyga Woods
quote:Also this.
Unless you remodel something every year no way you should be spending that much.
$5k per year is fricking nuts.
We’ve lived in our home going on 5 years and the total that we have likely spent on repairs has been, maybe, $8k, and that was with building a new back deck.
Posted on 12/20/22 at 10:27 am to GetCocky11
quote:
We'd be surprised at how many homeowners don't know anything about hvac air filters and dryer lint filters.
If you're calling repairmen, you're paying way too much. As a homeowner you have to learn to do a few handy things yourself.
Posted on 12/20/22 at 10:28 am to LNCHBOX
quote:
Upgrades on the other hand....
Upgrades and lawn care count.
Posted on 12/20/22 at 10:28 am to StringedInstruments
don’t forget insurance going up too
Posted on 12/20/22 at 10:29 am to Salmon
quote:
My house is almost 100 years old and I don't pay $5k per year in upkeep and maintenance
Same.
The only years I’ve paid more than 5k, I had major hurricane damage and the insurance company paid me to repair the house.
Runner up was replacing HVAC and that was less than 5k.
Posted on 12/20/22 at 10:29 am to Eli Goldfinger
quote:
Upgrades and lawn care count.
I don't count my wife getting bored of how a room looks at "maintenance and repairs"Posted on 12/20/22 at 10:30 am to Salmon
quote:
what appliances are y'all buying? I've been in my house 12 years and yet to replace a single appliance
what are you people doing to your homes?
I guess I was being generous. I do have a buddy that has an appliance fail damn near every year. And his house was built in 2018 or so. It's a nice house also. He's just had a bizarre storm of lemon appliances. AC, microwave, oven, dishwasher, refrigerator have all gone out. Some of them multiple times. But even that hasn't cost him $5k a year. That's not normal. I'd also usually blame them for doing something they shouldn't but the things that have happened don't seem like you could use them out of the ordinary.
My previous house, I had the AC and garage door opener go out the first year. And one of the burner elements on my stovetop went out. That was the maintenance items over the course of about 6 years there.
In all reality, you either do preventative maintenance on your house, or you deal with repairs. $5k a year on maintenance is absurd.
Posted on 12/20/22 at 10:30 am to Eli Goldfinger
quote:
you should expect to drop another $5K/yr average on upkeep & maintenance.
Yeah, no
Posted on 12/20/22 at 10:30 am to Cosmo
quote:
Maybe $1k
Not if you lazy like me.
Posted on 12/20/22 at 10:30 am to Salmon
quote:That seems more applicable than lawn care.
I don't count my wife getting bored of how a room looks at "maintenance and repairs"
Posted on 12/20/22 at 10:31 am to Eli Goldfinger
quote:
Upgrades and lawn care count.
Upgrades are not "you should expect to drop another $5K/yr average on upkeep & maintenance."
frick off with this nonsense. And if you spend $5k on lawncare, well I have no words for you.
Posted on 12/20/22 at 10:31 am to Scruffy
quote:i lived on a hill with over 1000 trees on my property.
$5k per year is fricking nuts.
i easily spent 5k/mo a few times just removing trees that were starting to lean or came loose due to the middle TN cycle of RAIN RAIN RAIN followed by WIND.
Posted on 12/20/22 at 10:32 am to Eli Goldfinger
quote:
Renting sucks for the lifestyle compromises, but it’s probably more cost effective.
yeah okay, Mr. Cardone
Posted on 12/20/22 at 10:32 am to Eli Goldfinger
Depends on what you consider maintenance and upkeep. Hell, I spend that much in landscaping services.
Posted on 12/20/22 at 10:32 am to WhiskeyThrottle
quote:
$5k a year on maintenance is absurd.
If he has a large estate, nah. But if he's an average homeowner, he's definitely out of line.
Maybe he's counting maid service, pool service, lawn service, etc.
Posted on 12/20/22 at 10:32 am to CAD703X
quote:Most people don’t live on a hill with 1000 trees.
i easily spent 5k/mo a few times just removing trees that were starting to lean or came loose due to the middle TN cycle of RAIN RAIN RAIN followed by WIND.
You’re an outlier.
This post was edited on 12/20/22 at 10:33 am
Posted on 12/20/22 at 10:32 am to Eli Goldfinger
quote:
expect to drop another $5K/yr average on upkeep & maintenance.
I’ve owned for 20+ years, and I’m convinced it’s a scam.
Renting sucks for the lifestyle compromises, but it’s probably more cost effective.
Same thing applies to having a wife.
Posted on 12/20/22 at 10:32 am to Eli Goldfinger
quote:You wouldn't know the truth about owning a home if it were biting you on the arse.
For you youngsters; The truth about owning a home
One of my kid's in-laws bought a house in Annandale, VA in 1990 for $250k. It's worth nearly a million today.
Buy a house in Bogalusa in 1990 and you might get what you paid for it today.
You do dumb tricks, you win dumb prizes.
Posted on 12/20/22 at 10:33 am to Eli Goldfinger
I’m well over that since I bought my lovely money pit
The poor treat luxury consumables as assets.
The middle class mistake liabilities for assets and active income for wealth.
The rich are rich because they have actual assets.
The poor treat luxury consumables as assets.
The middle class mistake liabilities for assets and active income for wealth.
The rich are rich because they have actual assets.
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