New homeowners are discovering that the real financial burden starts after the keys are handed over—most didn’t budget for maintenance, and nearly 75% spent over $10K on unexpected repairs within two years, even in “move-in ready” homes. Rising insurance and property taxes are adding pressure, with insurance alone swallowing nearly 20% of monthly housing costs in some states. Stress is mounting, with many losing sleep and questioning their big purchase. Experts warn: plan for the long haul, don’t skip inspections, and brace for rising costs.
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