According to Gail Vaz Oxlade's site :
The rule of thumb for budgeting home maintenance costs is that you can expect to spend between three and five percent of the value of your home holding the sucker together. Older homes require more financial investment. Brand new homes require almost nothing initially, often lulling home-owners into a false sense of what things really cost
http://gailvazoxlade.com/blog/archives/category/home-buying
So for a $300K home, you'd set aside $9-15K/yr.
The rule of thumb for budgeting home maintenance costs is that you can expect to spend between three and five percent of the value of your home holding the sucker together. Older homes require more financial investment. Brand new homes require almost nothing initially, often lulling home-owners into a false sense of what things really cost
http://gailvazoxlade.com/blog/archives/category/home-buying
So for a $300K home, you'd set aside $9-15K/yr.
