Clark HowardHostKrista DiBiaseHost[laughs] You mentioned that 2.5% of a home's value is a reasonable rate to set aside annually for future home repairs and potential upgrades.
Therefore, you can have two identical houses in different parts of the country with their values differing significantly solely because of location."
"For instance, in one part of the country, the value of such a house may be 650,000, and a house with identical features, age, and build in another part of the country, 400,000.
[laughs] You mentioned that 2.5% of a home's value is a reasonable rate to set aside annually for future home repairs and potential upgrades.
Therefore, you can have two identical houses in different parts of the country with their values differing significantly solely because of location."
"For instance, in one part of the country, the value of such a house may be 650,000, and a house with identical features, age, and build in another part of the country, 400,000.
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