(StatePoint) If you’re buying a home, there are additional expenses you may want to budget for beyond the down payment and monthly mortgage. Home projects, even small ones, can really add up.
Recent data from HomeAdvisor, a leading home services marketplace, reveals that 75 percent of homebuyers will face a costly emergency within the first 12 months of moving into a new home. From unplanned projects to unexpected emergencies, most homebuyers reported spending more time and money on projects than they initially anticipated.