Warren Buffett’s Berkshire Hathaway reveals hidden costs for home buyers
This necessary homeownership cost is on the rise.
Homeownership comes with many upfront costs, such as the down payment, closing fees, and taxes. Mortgage lenders also typically require homeowners' insurance to cover any potential damages caused by weather, fire, accidents, or even vandalism.
However, home insurance premiums are on the rise, adding an extra cost to homeowners’ monthly bills.
