Whether buying a new or older home, it is important to figure out what your ongoing maintenance costs might be.
Maintenance of a home will usually range between 2% and 4% of your home’s original price. This may not apply to homes worth over a million dollars, however, this is the approximate average for many home buyers.
Be sure to consider what your cost of upkeep will be and whether your budget will allow for that before to start the home buying process.