Budgeting maintenance for new home

jtrf · 06-05-2017, 07:31 PM

Thank you for the thoughtful responses everyone!

It seems that if there's one theme that's emerging, it's that lake living doesn't come cheap!

We talked with the current owners and have a good sense for the costs of what I'll call "basics": heating, insurance, electricity, cable, and of course taxes.

Where we're sort of in the dark is all the maintenance stuff. The owner lives there full-time and has a background in construction, so he does a lot of things we just can't since we don't have the skills or time.

You're right that we should talk with the neighbors and come up with a plan. And we will! But, knowing how these sale processes go, I'm not sure there will be time to get that all done before we make a go / no-go decision.

So that's a long way of saying, thanks for the help so far and would love any other thoughts you have, especially ballpark costs.

(Maybe a second theme is that lake people are really nice!)

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06-05-2017, 07:31 PM	#1
jtrf Junior Member Join Date: Jun 2017 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	Thank you for the thoughtful responses everyone! It seems that if there's one theme that's emerging, it's that lake living doesn't come cheap! We talked with the current owners and have a good sense for the costs of what I'll call "basics": heating, insurance, electricity, cable, and of course taxes. Where we're sort of in the dark is all the maintenance stuff. The owner lives there full-time and has a background in construction, so he does a lot of things we just can't since we don't have the skills or time. You're right that we should talk with the neighbors and come up with a plan. And we will! But, knowing how these sale processes go, I'm not sure there will be time to get that all done before we make a go / no-go decision. So that's a long way of saying, thanks for the help so far and would love any other thoughts you have, especially ballpark costs. (Maybe a second theme is that lake people are really nice!)