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Do you think 5,000,000 is enough for regular maintenance for the lifetime of a home ?

This home has 5,000 sqft
  • July 15 2013 - US
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Answers (2)

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You don't mention the State, nor the cost of the house, nor the type of construction, nor the location..., it could be a lot more if exposed to severe weather conditions, (flooding, fires...) on a regular basis.

Nor do you mention how the home will be used/abused.

And, if properly maintained, the life of a home should be well over 200 years.

Most people figure about 3% of purchase cost per year for maintenance, with an inflation adjustment factor, for normal living conditions in a non-harsh environment.
  • July 16 2013
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Very much so. Even if you spent 10,000 a year on a house, that amount of money would last 500 years. Unless we're talking a massive and expensive home, you should be good.
  • July 16 2013
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