Homeownership costs are soaring due to unexpected maintenance expenses like roofing, foundation issues, HVAC replacements, sewer pipe repairs, plumbing problems, and termite infestations, which can exceed $20,000. This matters because it highlights the need for proactive home inspections and regular maintenance to prevent financial emergencies. Homeowners should budget at least 1% of their home's value annually for upkeep and address issues early to avoid more significant costs later.
Read the full article at Realtor.com Blog
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