Hard Data On Capital Expenses and Repair Line Items
Does anyone have any hard data on what annual capital expenses should be in the Midwest such as Indianapolis, Kansas City, Ohio, Alabama, Oklahoma, Nashville, Chicago, Memphis and the like? Before anyone points me to the many posts about the topic I have read them, I just do not see a lot of hard data backing it up nor a lot of people with a lot of properties under management chiming in.
I also did not see anything about how much the build year affects these costs. I assume a 1920s house will cost a lot more than a 1990s house but I have not seen any data on how to quantify this difference. I assume it would be in certain things not mentioned in the above such as plumbing, electrical systems, etc. that are outdated but I can’t say because I am new.