The typical homeowner spends nearly $24,000 per year on non-mortgage housing expenses, which adds up to roughly $710,580 over a 30-year mortgage, according to a new report from Clever Real Estate, St. Louis.
Tag: Home Repairs
Ace: Most Millennial Homeowners Have Unfinished Repair Projects
Ace Hardware Home Services, Oak Brook, Ill., released a new survey finding that 87% of millennial homeowners have at least one pending repair project, but 84% say they’ve delayed fixes.
New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
For most homeowners, buying a home involves more than a mortgage. Research from Thumbtack, San Francisco, and Zillow, Seattle, said a typical for-sale home could need as much as $30,000 in work—which, for some buyers, particularly millennials—might result in unexpected expense.