First-time homebuyers are often overwhelmed by unexpected homeownership costs: study

Many first-time homebuyers approach buying a home with enthusiasm but lack the hands-on experience to know what they may face when buying a home for the first time. Nearly 41% of first-time buyers are less aware of the costs associated with owning a home, compared to 31% of buyers who have owned multiple homes, an Angi study found.

First-time buyers often underestimate home maintenance and improvement costs. Plus, many don’t consider the financial burden of unexpected home emergencies.

The...