undefined | Better HN

0 pointsDubiousPusher3y ago0 comments

Here is a starter list of things a house will need over the course of 30 years.

- a new roof (maybe two if they are 15 year rooves)

-new siding (unless fiber cement siding was installed originally)

-new exterior paint

-new windows

-major repairs to the driveway

-2 new furnaces

-2 to 3 new water heaters

-2 to 3 full new sets of appliances

-1 cosmetic kitchen remodel

-1 cosmetic remodel of each bathroom

-1 to 2 cosmetic relandscapings

-1 to 2 new floors (depending on the flooring material chosen)

-new exterior doors

-new garage doors and openers

None of this includes any repairs the home may have needed at the time of purchase. Nor does it include any upgrades. Nor does it include any unexpected repairs that may not be covered by insurance (there are many). Nor does it include any of the dozen or so minor repairs you either have to do yourself or get a handy man for.

I'm not going to symp for the landlords but maintaining property is brutally expensive. I know because I bought a 40 year old house. Since I bought a home I've become very convinced that there are a ton of landlords losing their ass out there. Some have been saved by the ridiculous property valuations we've seen lately. But that is not the norm. Houses typically increase in value at a pace with inflation.

Personally, I would only ever rent housing I had specced myself because the design choices and material choices have a huge impact on the cost of maintenance.

0 comments

jjav3y ago

> Here is a starter list of things a house will need over the course of 30 years.

My house is 25 years old (bought it new) and from your list, the only things I've done is exterior paint and water heater.

I've also done cosmetic landscaping but that was strictly optional, as I like to work on the yard.

ChrisLomont3y ago

Factors also depend on the age of the house and your location - harsher climates are much worse on various house factors.

A new house will have much less costs to maintain over 25 years than a 50 years old house.

Having owned a few houses (both relatively new), and having gfs with houses and seeing the stuff they've done, and with helping my mom and sister with their house decisions and fixing, the list above is not far off.

State Farm says to budget 1-4% of the value of a house for annual upkeep costs. You're significantly below that it sounds.

jjav3y ago

> State Farm says to budget 1-4% of the value of a house for annual upkeep costs. You're significantly below that it sounds.

Certainly far below, maybe like 0.1%

Although basing it on the market value doesn't make much sense since housing prices cycle wildly up and down, whereas maintenance just increases with inflation.

omgwtfbyobbq3y ago

Maintenance costs strongly depend on how handy the owner is and how much they're willing to pay for more modern upgrades.

j / k navigate · click thread line to collapse

0 pointsDubiousPusher3y ago0 comments

Here is a starter list of things a house will need over the course of 30 years.

- a new roof (maybe two if they are 15 year rooves)

-new siding (unless fiber cement siding was installed originally)

-new exterior paint

-new windows

-major repairs to the driveway

-2 new furnaces

-2 to 3 new water heaters

-2 to 3 full new sets of appliances

-1 cosmetic kitchen remodel

-1 cosmetic remodel of each bathroom

-1 to 2 cosmetic relandscapings

-1 to 2 new floors (depending on the flooring material chosen)

-new exterior doors

-new garage doors and openers

Personally, I would only ever rent housing I had specced myself because the design choices and material choices have a huge impact on the cost of maintenance.

0 comments

jjav3y ago

> Here is a starter list of things a house will need over the course of 30 years.

My house is 25 years old (bought it new) and from your list, the only things I've done is exterior paint and water heater.

I've also done cosmetic landscaping but that was strictly optional, as I like to work on the yard.

ChrisLomont3y ago

Factors also depend on the age of the house and your location - harsher climates are much worse on various house factors.

A new house will have much less costs to maintain over 25 years than a 50 years old house.

State Farm says to budget 1-4% of the value of a house for annual upkeep costs. You're significantly below that it sounds.

jjav3y ago

> State Farm says to budget 1-4% of the value of a house for annual upkeep costs. You're significantly below that it sounds.

Certainly far below, maybe like 0.1%

Although basing it on the market value doesn't make much sense since housing prices cycle wildly up and down, whereas maintenance just increases with inflation.

omgwtfbyobbq3y ago

Maintenance costs strongly depend on how handy the owner is and how much they're willing to pay for more modern upgrades.

j / k navigate · click thread line to collapse