Unexpected Expenses That New Homeowners Don't Prepare For
Unexpected expenses can come from various sources, including construction defects, property damage, and unforeseen repairs needed after renovations. One of the most significant surprises is a costly water heater replacement or a new roof installation that exceeds expectations.
Another unexpected expense to consider is the cost of insurance. Many homeowners underestimate the amount they'll need for homeowner's insurance, leading to surprise expenses when premiums are due. Additionally, some homeowners may not have adequate coverage or may not be aware of what types of coverage are required in their area.
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