Nearly half of homeowners have had to make (and pay for) an unexpected repair within the first year of owning their home. Do you have money set aside for a repair?
- 12% had to use savings to pay for the majority of the home repair and/or improvement
- 13% had to go into debt for the repair or improvement
- 20% had to make sacrifices in other areas of life in order to pay for them
- 52% were able to easily pay for the repair or improvement without going into debt, making other sacrifices or using savings
This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.