Part 5/12:
Moreover, Felix emphasizes that the ongoing costs of owning a home - including maintenance and renovation - should be factored into any evaluation of a home's financial performance. Homeowners often overlook these costs when assessing their returns, leading to an inaccurate portrayal of homeownership as a profitable investment.
Research indicates that homeowners typically spend around 2% to 3% of their home's value annually on upkeep. This significantly impacts the net returns when measuring the profitability of real estate investment.