72% of new homeowners spend $10,000 on unexpected fixes
New homeowners often face unexpected repair bills, with 72% spending around $10,000 within two years of buying a property.
The first two years of homeownership can bring unforeseen expenses, including replacing appliances and paying higher insurance premiums.
Many first-time buyers assume they can afford homeownership if they can afford the mortgage payment, but this overlooks other costs.