PROPERTY MANAGEMENT BLOG

Covering the Cost of Repairs

Debbie Henry - Monday, May 27, 2013

Covering the Cost of Repairs


{May 28, 2013}—Did you know….If you save 1%-2% of the value of your home every year, you will always have the funds to pay for repairs.  For example, a home valued at $200,000, requires the owner to save $2,000-$4,000 each year.  By the time you have been in the home for 10 years, you would have saved $20,000-$40,000 for repairs, which is ample funding for anything that might need to be addressed.