Why Home Maintenance Costs Can Top $10,000 Annually: Key Insights and Cost-Saving Tips
By Laura Sellers, www.AuburnOpelikaALRealEstate.com
(Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com)
Why Home Maintenance Costs Can Top $10,000 Annually: Key Insights and Cost-Saving TipsOwning a home can be rewarding, but with annual maintenance costs averaging over $10,000, it’s essential to plan ahead. A recent report from Thumbtack highlights a 5.9% increase in these expenses for single-family homes due to rising prices for supplies, aging infrastructure, climate change impacts, and supply chain issues. Here’s what’s driving these costs and how homeowners can manage them effectively.Top Factors Driving Maintenance Costs Inflation: Rising prices for supplies mean higher costs for repairs and upkeep. Aging Homes: With many U.S. homes over 40 years old, maintenance needs increase, particularly for plumbing, heating, and electrical systems. Climate Change: Extreme weather events increa...
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