Have you ever paid for a new roof, furnace, A/C, paint, etc? Maintenance on a house is expensive. If the value of your home is mostly in the value of the house and not the land, then maintenance is usually 2-5% of the value yearly.
Our total cost of our house monthly is over twice the mortgage when you include insurance, taxes, garbage, water/sewer, and maintenance (~$5000) and I can do most things like fixing minor electrical or plumbing myself.
Our total cost of our house monthly is over twice the mortgage when you include insurance, taxes, garbage, water/sewer, and maintenance (~$5000) and I can do most things like fixing minor electrical or plumbing myself.