Reply to selling condo townhouse for SFH--good idea?

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[quote=Anonymous][quote=Anonymous][quote=AroundTheBlock][quote=Anonymous]Condo fees are small potatoes compared to SFH maintenance/repairs you'll likely need to pay for. What do experts recommend to budget for home maintenance (not upgrades!)? Is it 3%? [/quote]

Disagree.  This person is paying $5,040 a year for condo fees.  Depending on the condition of the house, a home owner will not pay out more than $5,040 a year for maintenance.[/quote]

Maintenance, utilities and insurance? I'm pretty sure on our SFH (2011 build, +/- 3,500 SF) we pay at least that for those 3 items. Heck, yard maintenance (and I do most of that myself) is probably close to $2,000. Insurance is $600, water is $250, water filter replacement is a couple hundred, HVAC filters are $50 each. And that's assuming we never have a plumber or repair person over for anything. [/quote]
Any given repair in the house will likely set you back at least a few grand. Roof leak, AC issue, basement flooding, chimney, sewage back up, you name it. And these things do happen regularly. [/quote]

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