upkeep costs
Recurring ownership charges
Upkeep costs are the ongoing expenses required to maintain something in good condition.
The phrase applies to property, equipment, vehicles, or any asset that needs regular care: The upkeep costs on that old house are eating into our savings.
Distinguished from purchase price or initial investment, upkeep costs are what you pay to keep something working or presentable over time.
- maintenancePreserving working condition
- expensesMoney spent on things
- overheadLocated directly above
- repairsRestorative maintenance work
- wear and tearGradual damage from use
bills · fees · depreciation · insurance · utilities · mortgage · rent · home ownership · budget · bottom line · drain · burden · money pit · liability · wear · deterioration · property · landlord
cost timing/type
upkeep costspurchase price
Money paid for acquisition
acquisition cost · initial investment · capital expenditure · sticker price · down payment