If you’re a homeowner and your water heater hasn’t gone out yet, just wait. They bust a seam or spring a leak or otherwise go on the fritz every 10 years, give or take. So you’ve got that to look forward to.
Unexpected home repairs are financial dings that never come at a good time. Water heaters are actually the least of your concerns; usually a few hundred bucks later you’re back to your hot showers. But a new furnace, air conditioning unit or roof — now we’re talking big-money repairs that can easily break your budget.
A recent survey by HomeServe USA reveals 25% of homeowners don’t have savings set aside for major household repairs. Nearly half of homeowners (48%) have had an emergency home repair in the past 12 months, according to the same…
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