danceintherain
DIS Veteran
- Joined
- Oct 2, 2007
Also, keep in mind that when you own, you have to pay for maintenance. This can be minimal....new paint a room at a time....replacing a drain assembly etc.
Or expensive....new water heater....new roof....
It's been recommended to me to save 1-3% of the home's value towards maintenance annually. This will vary based on area (in high cost of living areas things tend to cost more, but may be not 100% more) and the house itself (some houses require more maintenance than others). But, if you start out saving 2%, then you can adjust up or down once you learn more about your house.
Or expensive....new water heater....new roof....
It's been recommended to me to save 1-3% of the home's value towards maintenance annually. This will vary based on area (in high cost of living areas things tend to cost more, but may be not 100% more) and the house itself (some houses require more maintenance than others). But, if you start out saving 2%, then you can adjust up or down once you learn more about your house.