Why Buying A House Might Empty Your Wallet
Maintenance and Repairs: The Unseen Burden
Regular maintenance is essential to preserve the value of your home. Experts recommend setting aside 1% of the home's value annually for upkeep, which includes things like HVAC servicing, roof inspections, and landscaping4. Unforeseen repairs, such as plumbing issues or roof leaks, can easily cost thousands of dollars and are a significant risk for any homeowner.