Q: We purchased a large home last year. The property overall was in good condition, with the home being only 10 years old. Now that winter is here, we are finding many areas of exterior paint flaking off; a large wood deck that was painted is now rotting and lifting; and numerous interior floor tiles are cracked and lifting. Should we call our insurance company or just own up to the cost of homeownership? --Paul
A: In the real estate industry, we often tout the privileges of homeownership. But owning a home also has its costs above and beyond mortgage payments and taxes, and you're more mature than the average new homeowner to acknowledge as much.
Just as it's a fact that if you live you will someday die, and if you buy a new car it will eventual