New homeowners plan to spend 40% of income on repairs: Study

The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year β€” an amount that equal… Continue reading

Homebuyers spend an average $40,000 in one-time fees

The one-time fees of moving into a new home could set you back roughly $40,000, according to a new study from RealEstate.com – a Zillow Group company – and Thumbtack. It’s a cost that comes as a shock to many first-time home buyers, the companies say…. Continue reading