Seriously? Ordinary home expenses now cost the average homeowner more than $14K every year? That’s above and beyond the owner’s mortgage loan payment, according to Zillow and the home improvement estimate company Thumbtack, in their 2023 study.
Mortgage interest and high property values aren’t the only price a buyer pays. And the totality of homeownership costs can take first-time buyers by surprise.
Ordinary costs of owning a residence include repairs and maintenance, as well as the inevitable utility charges, property taxes, and insurance premiums.
Continue reading “First-Time Buyers, Get Ready for These Extra Costs”