New Homeowners Shocked by Hidden Costs | Business and Finance News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b15bd49e8163412e