First-Time Homebuyer? Don’t miss this tip or you’ll regret it later!

✅ Roof

Life span: 20 years
Average replacement cost: $9,353
Savings plan: Save $20 – $40/month

✅ Washer and Dryer

Life span: 10-15 years
Average replacement cost: $1,000 to $2,300 per set
Savings plan: Save $10 – $50/month per appliance

✅ HVAC/Furnace

Life span: 15-20 years
Average replacement cost: $7,500 (replace both to save)
Savings plan: Save $10 – $30/month

✅ Wood Deck

Life span: 10-15 years
Average replacement cost: $4,100 – $11,700
Savings plan: Save $20 – $50/month

Pro tip: Putting your savings into a High-Yield Savings Account (HYSA) can give your funds a nice interest boost ( Think platforms like Revolute or Robinhood). Even if you can’t save for all of these at once, start with a general home repair fund.