Most people view the purchase of a house as some kind of a final investment: you take a loan, prepay it as soon as you can, and then you put your feet up and relax.
Not quite. Prepaid or not, houses have a way of demanding investment. Like every physical asset we own, houses depreciate. Walls develop cracks, floors become jaded, the paint peels off.
In other words, roughly once in three to five years, you need to reinvest in your home. You may need to say hello to the housing loan company once again.
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