5 Unexpected Homeownership Expenses That Will Cost You Thousands

A new report by Clever found that the average American homeowner spends $17,459 each year on top of their mortgage. Here's a look at the hidden costs that comprise this high number.

Utilities

Average annual cost: $4,975

Home Improvements

Average annual cost: $3,890

Maintenance and Repairs

Average annual cost: $4,283

Property Taxes

Average annual cost: $4,283

Homeowners' Insurance

Average annual cost: $1,516