Have you been putting off a repair project or two in your home because of how expensive it is? You’re not the only one.
Last year, all the home repairs needed in the Philly area would have cost a total of $3.7 billion.
That’s a lot of money. But it’s a conservative estimate.
The price of everything has been going up, and that includes home repairs, according to a new report by the Federal Reserve Bank of Philadelphia. Unsurprisingly, households with lower incomes are more likely to have recurring repair needs.🔑
Keep reading for my story on that and to