Fans win in baseball's new labor deal. Free agency brought millions to players. Even adjusted for inflation, Flood's $90,000 salary in 1969 would be less than $479,183 in today's dollars. That's about a fifth of the league average for players today and a small fraction of what players of his caliber get paid currently.
The 1 Percent Rule. One popular rule of thumb says that one percent of the purchase price of your home should be set aside each year for ongoing maintenance. For example, if your home cost $300,000, you should budget $3,000 per year for maintenance. That doesnât mean youâll literally spend $3,000 every year.
You also need to be sure you have budgeted for necessary repairs. Read on for some tips on how to plan ahead for the inevitable repair bills. How much to put aside. Prevailing wisdom recommends saving 1% to 3% of the value of your rental property for repairs each year.Though repair totals will vary from year to year, leftover funds from one year can help cover you for big expenditures during another one.Just be sure you set down a dollar amount to hit annually for savings. On a rental property worth $250,000, for example, try to reserve $2,500 to $7,500 for repairs each year.Hitting your annual repair-fund goals will also help you prepare for the unexpected, such as storm damage.ead on for some tips on how to plan ahead for the inevitable repair bills. How much to put aside. Prevailing wisdom recommends saving 1% to 3% of the value of your rental property for repairs each year.