Most homeowners are aware that one price of owning versus lending is no more management and maintenance to fix everything for you, and necessary repairs do not call ahead to schedule an appointment. In theory, this should inspire someone who owns their own home to keep some money in savings so any repair to the house does not destroy the financial balance of your life. In practice, homeowners operate under the same optimistic bias as most people, never believing the worst will happen until they are trying to find some way to fix it. For those that do want to save money to prevent catastrophe, it is best to plan for the worst, and so here are four of the most expensive home repairs to give a more defined picture of what the worst entails.
- The Foundation