We are in process of what will hopefully be our last main home repair expenditure this year. However, we do have two other large expenses that we probably should get done relatively soon, but we hope that we can wait until we have the funds saved up. Our break even point on the house is approximately 6 years from purchase. What does "break even" mean on a home purchase? In my opinion, it will be the time when we'll have built up enough equity in the home (without relying on home price "increases") to recover any realtor fees or expenditures associated with selling a house. So, in other words, we would be able to recover our entire investment. Many people will factor other expenses into their purchase (such as those large initial repairs if a home hasn't been kept up with). Others will factor other "income" into their break-even point, such as the mortgage interest tax deduction, or an estimated increase in home prices. In our case, I factor...
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