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Home Capital Items and Useful Life Document???
Old 04-27-2010, 07:34 AM   #1
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Home Capital Items and Useful Life Document???

A while ago I came across a document that somebody on here provided a link too that showed capital items (Stove, Washer, Dryer, Refrigerator, etc...) for a home along with that items useful life. I've tried searching, but couldn't find that document. Does anyone know what I'm talking about?
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Old 04-27-2010, 11:36 AM   #2
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Originally Posted by LuckyRugger View Post
A while ago I came across a document that somebody on here provided a link too that showed capital items (Stove, Washer, Dryer, Refrigerator, etc...) for a home along with that items useful life. I've tried searching, but couldn't find that document. Does anyone know what I'm talking about?
I remember that and couldn't find it either. Cute Fuzzy Bunny had one about five years ago. Maybe the OP of the other list will be able to ante up again.

In the meantime, here's a suggestion. Estimate $10K-$20K every 15-20 years for a new roof (local conditions vary). Figure out what you'll pay for replacement vehicles (big variance here). Consider replacement costs for your heating/cooling systems (if applicable). Think about any major home-improvement projects you'd tackle, or major lifestyle changes like a boat/RV/camping trailer. Off the top of my head those are the big honkin' expenses worth forecasting.

As for appliances and furniture, instead of looking for that poster's old list you might go with "10 years" (actual number could be more like 20) and plan to replace them through Craigslist. When we've been able to stalk a replacement appliance for a few months we've been able to get it for 10-50% of retail. Buying a $1500 stove for $150 or a $100 couch will pay you back far more quickly than spreadsheeting out retail stores.
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Old 04-27-2010, 02:05 PM   #3
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Typical lifespan of Major Appliances
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Old 04-27-2010, 04:53 PM   #4
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Well, according to that list all my appliances (just over 15 years old) are living on borrowed time.

I have had no problems whatsoever so far.

I hope they don't all decide to quit at once. I did not participate in the recent offer of appliance rebates in my state (all were snapped up within a couple of hours - so I probably would have been dissappointed anyway). Thought I could not justify purchase of new ones since mine are in good shape still.
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Old 04-28-2010, 01:23 AM   #5
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My retirement budget estimate also includes replacing my computer every five years or so. I don't know if other electronic gadgets, like cell phones or iPods, last even that long.

Also, do you have a hobby? I'm planning to take up breeding Persian cats again when I retire, so my budget also includes periodic purchases of new breeding stock.

Under home improvement, have you budgeted for replacing carpets/refinishing wood/replacing laminate flooring? If you've got matching window blinds throughout your house that's another item that I imagine would cost a bunch to replace all at once.
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Old 04-28-2010, 04:45 AM   #6
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For our apartment, we are assuming we will have to (i) repaint and touch up the plaster every 5 years (ii) replace a lot of the built in furniture, flooring and skirting and light fittings every 10 years.

Our bathrooms are now 11 years old and while the tiles are fine, some of the pipes in other units in the building are leaking and you can't replace/fix the pipes without ripping out a lot of the tiles. Looks like we can expect a big expense in the near future.

Our track record on whiteware etc is 3-6 years for just about everything except the aircon units and the water heaters which are still going strong after 11 years.

Very high humidity and two young children take their toll.
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