US Buyers Underestimate Homeownership Costs | “Your dream home, guided by a local team you can trust.”

Across the US, 63% of homeowners underestimated ownership costs, with first-time buyers even more likely to face budget surprises after closing in the current market.
The median shortfall was $400 per mo, or ~$5K per yr, showing why buyers need plans beyond the mortgage payment before shopping.
Budget checkpoints should include property taxes, insurance, HOA fees, utilities, maintenance, repairs, and emergency savings for surprises like roofs or HVAC breakdowns.
Repairs and renovations caused the biggest sticker shock, while property taxes, homeowners insurance, utilities, and maintenance also often exceeded buyer expectations nationwide.
Despite higher costs, >90% said ownership was worth it; careful budgeting, counseling, and annual repair reserves can support confident decisions for buyers.