By: funnybunny

funnybunny — Wed, 27 Jan 2010 20:53:59 +0000

125,000.00
References :

By: yankee_sailor

yankee_sailor — Wed, 27 Jan 2010 20:42:59 +0000

I’m a proprerty manager in St Thomas, Virigin Islands,a master shipwright, have put in a few dozen kitchen and baths in Philly and Boston……..so, the answer is ………..depends.
Where is the property? Close to the ocean? Where it snows like ^%# in the winter or is hot like *&^%$ all summer? New build lets get it done quick and slap a coat of paint on it or built by someone who really cared about their craftsmanship? All those imponderables aside, figure someone who knows which end of a hammer to hold swinging by once a week when the property is vacant and making sure the pipes havent burst or racoons moved in…$50 bucks a visit? To actually do something when they are there? Lets start at $50 an hour for a good handyman with truck and tools..for a reference point, our condo community charges $250 a month for maintainence of common areas for those who own a 1 bedroom here, up to 460.00 for a three…..$350 to change out a water heater, $150 p&l to change a screen door…so, in terms of percentage…maybe 1% a year of the purchase price of a free standing home just to to upkeep, NOT repairs or improvements………
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By: dddeeebbbmax

dddeeebbbmax — Wed, 27 Jan 2010 20:37:59 +0000

New property 1% of the value of the property.
Older in good shape 3% to 4%
Older in bad shape 10%
Money not spent should be saved for pending repairs.
Roof, water heater, furnace, AC etc…..
References :

Comments on: How much should I budget for annual maintenance on my vacation home?

By: funnybunny

By: yankee_sailor

By: dddeeebbbmax