MOST INDIANA HOMEOWNERS DO NOT INVEST IN HOME MAINTENANCE AND ARE NOT PREPARED FOR EMERGENCY REPAIR COSTS IN 2023

INDIANAPOLIS, July 11, 2023 /PRNewswire/ — Williams Comfort Air, a leading Indianapolis heating and cooling company, and Mr. Plumber, a leading Indianapolis plumbing company, today released survey results which found most Hoosier homeowners are not properly maintaining their heating, cooling and plumbing equipment, nor do they have enough money set aside to cover emergency repairs to those systems should they break down.

The survey focused on understanding how proactive Hoosier homeowners are at keeping their HVAC and plumbing systems running properly, and whether they were prepared for the often unexpected and costly repairs needed if maintenance isn’t

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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.

Home Equity

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

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Home repair costs in Philadelphia metro, a comprehensive look at proposed Sixers arena

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

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Buying an Old House? 8 Hidden Costs of Moving into a Historical Residence

Average cost: “The global average cost of a roof replacement, likewise anchored to my experience, is roughly $7,500, with many consumers spending between $4,000 and $10,000,” Hone says. But he admits that your roof type—as well as the type of asphalt shingles you pick—can make a difference. A slate roof, for instance, costs around $20 per square foot, which can be $40,000 on average. To determine what your home might need, check a roofing calculator.

“A typical chimney maintenance fee ranges from $800 to $2,500, with higher chimneys of 10 feet or over costing more than $4,500—which is

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