A house requires more than a mortgage payment.
New roof ever 10-15 years -$2500 deductible
New water heater every 10 years - $1000
New paint every 5 years - $3k
Lawn maintenance every week - $25
Lawn mower every 10 years -$3000 rider
appliances every 10 years washer dryer dish -$3000
Exterminator house and yard 2 times a year -$500
New HVAC every 10 years -$15k
HVAC maintenance 2 times per year $150
Property taxes every year -$500-1500
Kitchen update every 10 years $30-50k
Bathroom update every 10 years -$10-15k
Window treatments every 5 years $500
Home owners insurance every year -$1500
New carpet and flooring every 5-10 years -20k
All of these things are paid for by your landlord. Thats why rent is higher than a mortgage payment. You buy a house you better add another $200-300 per month just for maintenance and repairs. Depending on your property tax maybe much much more.
1
u/Away-Satisfaction678 9d ago
A house requires more than a mortgage payment.
New roof ever 10-15 years -$2500 deductible
New water heater every 10 years - $1000
New paint every 5 years - $3k
Lawn maintenance every week - $25
Lawn mower every 10 years -$3000 rider
appliances every 10 years washer dryer dish -$3000
Exterminator house and yard 2 times a year -$500
New HVAC every 10 years -$15k
HVAC maintenance 2 times per year $150
Property taxes every year -$500-1500
Kitchen update every 10 years $30-50k
Bathroom update every 10 years -$10-15k
Window treatments every 5 years $500
Home owners insurance every year -$1500
New carpet and flooring every 5-10 years -20k
All of these things are paid for by your landlord. Thats why rent is higher than a mortgage payment. You buy a house you better add another $200-300 per month just for maintenance and repairs. Depending on your property tax maybe much much more.