The term refers to major improvements and replacements, including roofs, HVAC systems, and appliances, to maintain or improve long-term property value.Annual CapEx Reserve = Total Replacement Costs ÷ Average Lifespan
The term refers to major improvements and replacements, including roofs, HVAC systems, and appliances, to maintain or improve long-term property value.Annual CapEx Reserve = Total Replacement Costs ÷ Average Lifespan