When something breaks in a rented home, the landlord pays. When you own, you do.
How
- Keep an emergency fund after closing
- Set aside money monthly for repairs; many people aim for about 1% of the home's value a year
- Learn where the water shutoff and electrical panel are
- Follow a simple seasonal maintenance list
General educational information, not mortgage advice. Programs and rules change. Save More Haven isn't paid by any lender, broker or real estate agent.