maintenance & repairs
Steer Maintenance and Repair vs Budget Breakdown: 2026 First-Time Homebuyers
First-time homebuyers should plan a $250,000 lifetime maintenance budget, broken into annual and monthly reserves, to avoid surprise costs. This approach turns vague estimates into a clear cash-flow plan before the closing table. By allocating funds early, owners keep equity intact and reduce stress. According to a Synchrony study,