first time home buyer

We are buying a small wood-frame house, have had an inspection and a couple contractors in to evaluate potential renovations/ They all say the house is in pretty good shape for the age (circa 1850) and it has a new roof, new boiler, fairly new plumbing/electric. I am still terrified about potential costs of home ownership. Can anyone either talk me down or give me a realistic assessement? We currently live ina co-op and pay 1K/mo. in maint. fees. If we set this amount into a savings acct to deal with home stuff should we be okay? Thanks for any insight!

By WTbound | 06/09/2008 2:47 PM