The median age of a U.S. home is a record 44 years, leading to vast and rapidly increasing maintenance and modernization costs. Financial advisers now suggest setting aside 2% to 3% of a home’s value annually for upkeep, up from the traditional 1%.
The median age of a U.S. home is a record 44 years, leading to vast and rapidly increasing maintenance and modernization costs. Financial advisers now suggest setting aside 2% to 3% of a home’s value annually for upkeep, up from the traditional 1%.