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Budget Realistically for Home Repairs

Location
Seattle, Portland, San Francisco
Publish Date
2022/08/12

Saving 1% to 4% of the home's value for maintenance and repairs each year can cause sticker shock as home prices rise.Experts advise homeowners to save up to 5% of their incomes, or according to the remaining useful lives of the home's various components.Consider establishing a home equity line of credit to use if the cost of repairs exceeds your savings.

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