How much should you save each month for home repairs


Asked by admin @ in Business viewed by 237 People


Question 7 of 10 How much should you save each year for maintenance on your home? $500 Whatever your home inspector recommends 7% of your gross income At least 1% of the purchase price

Answered by admin @



Answer: At least 1% of the purchase price

Explanation:

The 1% rule is a popular practice that estimates that 1% of a house´s purchase price should be expected to be required for maintenance every year. This is the case for a house that is less than five years old. Houses between 5 and 25 years old could range between a 1 and 4% annual maintenance budget, depending also on its location, the market, its size, and the impact of the weather.


Similar Questions

How much house can i afford for 1200 a month

Asked by admin @ in Biology viewed by 267 persons

You are interested in purchasing a home. you can afford $1200 a month as a mortgage payment. how much can you pay for a home assuming a 30 year (360 …

How much does the average hair grow in a month

Asked by admin @ in Biology viewed by 265 persons

How much does hair grow on average in one month

How much is a savings bond worth after 18 years

Asked by admin @ in Mathematics viewed by 270 persons

Elenas aunt bought her a $150 savings bond when she was born.When elena is 20 years old,yhe bond will have earned 105% in interest.How much will the bond be worth …

Give five ways to save energy at home

Asked by admin @ in Geography viewed by 284 persons

Give five ways in which you can save energy at home

Ted's take home pay is 1900 a month

Asked by maham237 @ in Mathematics viewed by 375 persons

Ted's take-home pay is $1900 a month. He spends 17% of his take-home pay on groceries. How much do groceries cost Ted each month

Save 2000 in 4 months

Asked by maham237 @ in Mathematics viewed by 245 persons

Assume you wanted to save 2000 to buy used car 18 months from now how much money do you need to save every week to accomplish your goal

Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Asked by maham237 @ in Business viewed by 316 persons

repair costs renters' insurance property taxes down payment

How much is a 20 year old savings bond worth

Asked by admin @ in Mathematics viewed by 286 persons

Elena's aunt bought her a $150 savings bond when she was born. When Elena is 20 year old, the bond will have earned 105% in interest. How much will the …

How much mortgage can i get for 1200 a month

Asked by admin @ in Biology viewed by 248 persons

You are interested in purchasing a home. you can afford $1200 a month as a mortgage payment. how much can you pay for a home assuming a 30 year (360 …

Overcoming fixed mindset: a step-by-step guide to cultivating a growth mindset

Asked by wiki @ in Health viewed by 1320 persons

Which of the following would best complete this list?

Asked by wiki @ in Social Studies viewed by 767 persons

What had the king decided to do before he saw the spider

Asked by vanshika149 @ in English viewed by 1175 persons

Describe the karez in your own words

Asked by rajesh064 @ in English viewed by 1347 persons

What is 8 + (x + 5)?

Asked by jaylord7 @ in Mathematics viewed by 1128 persons

Most viewed questions in Business


Foolproof module 9 test answers

Asked by maham237 @ in Business viewed by 3329 persons


Interest rates are expressed as a percentage of

Asked by maham237 @ in Business viewed by 2119 persons



How to enhance knowledge regarding environmental factors through capsim?

Asked by wiki @ in Business viewed by 1882 persons


Match the job titles with the career clusters.

Asked by maham237 @ in Business viewed by 1490 persons


A company that allows you to license software

Asked by maham237 @ in Business viewed by 1302 persons



Lupe is ready to open a checking account

Asked by maham237 @ in Business viewed by 1296 persons


Mays and mccovey are beer brewing companies

Asked by maham237 @ in Business viewed by 1226 persons


What must be marked on ready to eat bags phfs

Asked by maham237 @ in Business viewed by 1183 persons



Coq six sigma

Asked by maham237 @ in Business viewed by 1149 persons


Henry ford was the first entrepreneur to implement which strategy

Asked by maham237 @ in Business viewed by 1093 persons


Your company was recently served with a lawsuit

Asked by maham237 @ in Business viewed by 1083 persons



Case study starting a business project schedules and curves edgenuity

Asked by maham237 @ in Business viewed by 1077 persons


The total annual expenditures on advertising in the united states

Asked by maham237 @ in Business viewed by 982 persons