Unlock Perfect Dream Homes Unseen Journey to Ownership
The Hidden Costs of Homeownership
Beyond the purchase price and mortgage payments, homeownership comes with additional costs that buyers must anticipate. These include property taxes, homeowners insurance, and maintenance expenses. On average, homeowners can expect to spend about 1% of their home's value annually on maintenance4.
Understanding these costs upfront can help you budget effectively and avoid financial strain. It's also wise to set aside an emergency fund for unexpected repairs or renovations.