What are the costs of owning a home?
Your house isn’t just one of the biggest purchases you’ll likely make; there are ongoing expenses that come with homeownership, as well. You know about your mortgage payments, of course. But in addition to that, there are ongoing costs of maintenance and upkeep. And some of these can be hidden costs—that is, less obvious to the naked eye and not necessarily encountered in everyday life.
Among homeowners who regret their residential purchase, the top reason — expressed by 41% — is that maintenance and other unexpected home-related costs were higher than expected, according to Bankrate’s April 2023 Financial