What should I enter for maintenance costs?

What should I enter for maintenance costs?

What should I enter for maintenance costs?

Maintenance costs typically range from 5% to 10% of annual rental income, depending on the property type:

🏡 Newer properties (0-10 years) – 5% (lower maintenance)
🏢 Apartments & townhouses – 5-7% (lower maintenance, but strata fees apply)
🏠 Older properties (10+ years) – 7-10%+ (higher maintenance needs)
🏘 Standalone houses – 7-10% (land and structure maintenance)

💡 Example Calculation:
If your rental income is $500/week ($26,000/year):
✔ 5% maintenance budget = $1,300 per year
✔ 10% maintenance budget = $2,600 per year

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