Homeowners Pay Nearly $15K A Year In Hidden Costs. Here’s How To Avoid (Some Of) Them

A recent analysis reveals that homeowners pay nearly $15,000 a year in hidden costs. We’ve already covered why monthly mortgage payments are higher than anticipated because of such factors as property taxes, insurance, and issues revealed during the underwriting process.

However, a new study by Zillow and Thumbtack reveals that utility payments and essential home maintenance projects are other hidden costs. And homeowners can expect to pay $14,155 a year, or $1,180 a month in hidden costs related to owning a home.