Is your home a money pit?

Don't let critical home repairs ruin summer vacation [The Penny Hoarder Daily]( [Together with Choice Home Warranty]( Home ownership is the American Dream, but paying for it all can be a nightmare. Whether it's saving for a down payment, feeding your home's appetite for repairs, or just trying to keep up with rising mortgage rates, homes always seem to cost more than you expect. In this newsletter, we're going to share a bunch of ways to combat home expenses, including a company that wants to help you [protect your home from budget-killing repairs](.   [6 Signs a House is a Money Pit]( [6 Signs a House is a Money Pit]( Owning a home might mean the end of rising rents, but it can also mean spending a lot on surprise home repairs. If you're shopping for a house, you'll want to [read our guide to spotting a potential money pit](. A mortgage is costly enough as it is — don't sign yourself up for a bunch of expensive home repairs too. [Together with Choice Home Warranty]( [Protect Your Home from Budget-Breaking Repairs]( We don’t always see eye-to-eye with our insurance companies. Good luck getting help from them if your HVAC system fails when the weather’s miserable or your washer turns into a giant bowl of laundry soup. [Choice Home Warranty]( can protect your home’s appliances and mechanical systems with an annual plan. You can get a repair or replacement for your stove, fridge, washer, dryer, HVAC system components and more (all things homeowner’s insurance won’t cover). And there’s no waiting around. You can file a claim 24 hours a day, any day of the week by phone, their app or website. It costs less than homeowners insurance, but could actually save you much more. Save up to $100 on an annual subscription. [Just take this 30-second quiz]( to learn how much coverage you need to never worry about disruptions to your household. Choice Home Warranty has protected more than 2 million homes and over 6.6 million claims. And with a network of over 25,000 insured technicians, the calvary is never too far away. [Take the Quiz]( [5 Ways to Save Thousands on Home Expenses]( Home expenses can devour your income. Despite your home’s insatiable appetite, there are some savvy little things you can do to [keep more of your money in your bank account](.   [What the Heck Is a Barndominium?]( [What the Heck Is a Barndominium?]( Barns aren't just for livestock anymore. They're luxury homes now. But are they worth it? Our housing expert opens the barndominium doors to explore [this new housing trend](.   [Offset Your Mortgage Payment]( According to Census data, the median monthly mortgage payment in the U.S. is $1,100. If you're paying less than that, you've won the housing lottery. But if you're paying more, [make these six moves to offset the cost](.   [Spending 30% of Your Income on Rent Is … Not Great]( If you’re spending more than 30% on rent, utilities and other housing fees, the government considers your household "cost-burdened." Does that sound like you? Here are some strategies you might not have thought of to [unburden your household](. [Dad Built a Casita in Our Backyard. Who Really Owns It?]( [Dad Built a Casita in Our Backyard. Who Really Owns It?]( In this episode of Dear Penny, our advice-seeker's father has built a standalone structure in the backyard she shares with her husband. Our letter-writer wants to know [what will happen to it if they divorce]( but the bigger question is: Who really owns this little house?   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](