New Synchrony Study Finds Homeowners Underestimate Lifetime Home Maintenance and Repair Costs by More Than $250,000
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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investors.synchronyfinancial.com/events-and-presentations
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Source: PR Newswire
Key Highlights:Homeowners expect to spend about $70,000 on lifetime home maintenance costs, while actual costs exceed $339,000 (or more than $7,000 per year).Nearly half of homeowners have delayed or canceled repairs due to economic pressure, driving higher long-term costs.7 in 10 homeowners lack adequate repair reserves for inevitable emergency repairs.STAMFORD, Conn., March 18, 2026 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer financing company, today released findings from its new national study, Lifetime of Home Care. The study reveals a significant gap between what homeowners expect to spend on home maintenance and repairs and what they are likely to pay over a lifetime, leaving most homeowners unprepared for the financial reality.Experience the full interactive Multichannel News Release here: https://www.multivu.com/synchrony/9371151-en-synchrony-study-lifetime-home-maintenance-repairThe study comes amid a shifting housing landscape where U.S. homeowners face mounti
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- 3/3/26 - Form 4
- 3/3/26 - Form 4
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