Noah has just purchased a previously owned home. he put $5,000 towards a down payment and took out a $65,000 mortgage. noah know
s that his older home will need maintenance right away and wants to budget enough for this coming year for unexpected expenses. when estimating costs for home repair and maintenance, a good estimate is to budget 1% of the purchase price of a house. what would be a good yearly estimate of repairs and maintenance for noah’s home? a. $1550 b. $700 c. $650 d. $150
