Hindsight is 20/20.
And foresight is often blinded by temptation.
Many new homeowners spend money on luxurious improvements that, in the end, they would rather have just kept in a rainy day fund. For example, 75% of new homeowners will face a costly, unexpected emergency within the first year, according to HomeAdvisor.
Homeowners can avoid these unhappy surprises by planning to spend around 1% of their home purchase price on home repairs (another wise gem from HomeAdvisor).
Check out more interesting facts + tips below: