Average new homeowner spends $2,700 in first 5 years on repairs

NEW YORK — Buying a new home? Be sure you like the color of those walls. A new poll finds new homeowners are most likely to put off painting over any other household repair.

That’s according to a recent survey of 2,000 American homeowners, which found they were most likely to put off repainting (46%), cleaning the gutters (40%), and fixing holes in walls (40%). The main reasons? Lack of money (49%) and uncertainty over which specialist to hire (43%). Meanwhile, the most frequent unignorable problems included plumbing issues (30%) and water damage such as foundation issues, flooding, or settling (29%).

Older homes, bigger costs

Conducted by OnePoll on behalf of American Standard HVAC, the survey also found a link between the age of a person’s home and the types of repairs that cost them the most.


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