12. Repairs. Remember, when you move out of that apartment, there's no longer a landlord to call when the sink backs up. Instead, it's up to you to contact—and pay—the plumber. And the sink is just one of the many home features or appliances that homeowners may one day need to repair. Homeowners are encouraged to set aside funds to take care of such repairs when they become necessary. And because broken appliances can be a major hassle and a significant expense, Ron Phipps, a broker with Phipps Realty in Warwick, R.I., recommends that buyers put key appliances under warrantee. "What we really recommend is that the buyer negotiate into the transaction a home warrantee for one year," Phipps says. "That's about a $500 item, and if [the buyer] gets the seller to pay for it, that minimizes [the cost]."