Real estate blog entries tagged with hpme ownweship by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty)

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hpme ownweship: Even if you don’t move you buy a new house every 10-15 years. - 11/28/14 10:09 PM

Home ownership is still preferred over renting by about two-thirds of people in the United States. And roughly 40% of homeowners own their houses free and clear.
But a house is never truly “paid for” because they don’t last forever without regular maintenance, upkeep, and updating,
The average life of a roof is about 15 years. Most appliances tend to need replacing in about ten years.
Critical system components such the furnace, air conditioner and water heater can require immediate replacement at any time.
During the term of the popular 30 year mortgage one can expect to repaint the house inside and … (7 comments)

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