The shocking truth when you buy a house you lose
Maintenance and Repairs
Beyond taxes and insurance, home maintenance and repairs are often underestimated costs. According to the National Association of Home Builders, the average homeowner spends between 1% and 4% of a home's value annually on maintenance and repairs3. For a $300,000 home, this could mean an additional $3,000 to $12,000 per year. Common repairs include roof replacements, plumbing issues, and HVAC maintenance, all of which can be costly.