First-year ownership costs: repairs, reserves, and reality
The hidden costs nobody budgets for — and how to plan correctly.
Scenario
You can afford the mortgage — but the first year still hits you with expenses you didn’t expect.
What shows up in Year 1
- Repairs: plumbing leaks, electrical fixes, appliances
- Maintenance: HVAC service, gutter cleaning, pest control
- Utilities: often higher than renting
- Tools & setup: lawn care, small upgrades, security
- Reserve fund: the “oh no” budget
BRIK takeaway
The goal is not “can you close.” The goal is “can you own peacefully.” We’ll plan cash-to-close plus reserves so ownership doesn’t become stress.