Reserves for Emergencies
Unexpected costs — from burst pipes to boiler replacements — can quickly escalate. Keeping a dedicated home repair fund prevents dipping into savings or accumulating debt.
Summary
Despite the hidden costs, homeownership remains a powerful investment. Over time, appreciation and equity can outweigh ongoing expenses. The key is budgeting realistically — knowing what ownership truly costs before the keys change hands.
Published on Oct 29, 2025
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