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bravo-charlie-yankee t1_j2fds2l wrote

Reply to comment by killaho69 in Wanting to make sure I can afford the houses that I'm looking at. by killaho69

A good rule of thumb also is 1% annually for maintenance around the house. In the rental scenario you'll pay at most $1700/mo

If you won, your MINIMUM payment is $2100/mo. And then you have maintenance. Need a new roof? 10-30k depending on pitch and size. Need to replace your HVAC? Got a plumbing issue? need sewer line replaced etc?

We bought our house and we have some large costs coming up, replace roof in next 5yrs (estimating $30k very steep pitch), our sewer line needs replacement (quoted $20-25k). We bought in summer, moved in Sept, HVAC broke before winter and had to replace immediately ($5k). Came back from vacation once, found someone had driven into our brick garage (luckily fix was only $2k)

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killaho69 OP t1_j2fiv0g wrote

Well one house is new construction with a builder and home warranty, the other house has a brand new roof, hvac, and AC. So I'm sort of being strategic in that regard. I know a major repair could be rough, so I'm sort of hedging those bets.

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