The American Dream includes the chance to own your own home. It is the place where you can raise a family, be with friends, feel safe and enjoy your life. It is easy to realize all the benefits but just as real is the regular maintenance that occurs when owning a home.
I’m not trying to scare you out of owning a home just giving caution about what is expected. Two of your largest expenses in owning a home is paying property taxes and homeowners insurance. However, these items are often handled through your escrow account and are not a shock when you need to pay for them once a year.
There are also occasional maintenance costs for repairing things that wear out like faucets, toilets, windows, doors etc. Larges repair bills can arise such as replacing your water heater or HVAC unit. And then there is some costs associated with occasional painting or replacing floor coverings. CONTINUE READING--->