7 Unexpected Expenses After Buying Your First Home

7 Unexpected Expenses After Buying Your First Home


Becoming a homeowner can be one of your greatest accomplishments no matter what stage of life you find yourself in. You’ve done your homework in finding a home that best fits your needs, your offer was accepted, you’ve signed the paperwork, you’ve hired the movers, you’ve gotten settled in your new place, and you think all of these expenses are on hold for a while. But not exactly… In this post, we will explore seven very random and unexpected items that may incur additional expenses after purchasing your new home.

  • Appliances: If you are coming from a rental, it’s understood that you can’t take those appliances with you to your new place. Thank goodness in a way, right?
  • Hose and nozzle: Super random, we know. But every home needs a garden hose and useful nozzles. Whether it’s because you’re putting your kids up to washing your car for $2, to water your plants, or to make a giant slip-and-slide and become the new ‘cool neighbor’ on the block, a garden hose is a necessity.
  • New locks: To make sure your new home (pride of joy) is extra secure, changing the locks should be one of the first items on your lengthy to-do list. You can never be too certain who may have a copy of the front door key and it’s a good safety precaution to take.
  • Lawn mower: Again, if you are coming from renting previously, your landscaping was usually maintained for you or the supplies to do so were provided. A helpful tip in keeping your home unappealing to burglars is to keep your yard and landscaping up, and how can you without the proper tools?!
  • Fire extinguisher: An obvious essential. Ideally you should have one under your kitchen sink and even on each floor of your home. They are oftentimes available in a 3-pack which allows you to place one in the kitchen, one on another floor, and the last in the garage or basement.
  • Standard home hook-ups: We’re talking gas, electricity, cable, internet, security system, all of those necessities. More often than not, these services require an initial setup fee, so plan ahead so you aren’t hot water-less or Internet-less.
  • Light bulbs: It is common for new homeowners to settle into their new place and have a desire to replace the lightbulbs to energy efficient ones. Not only do they last 3-25 times longer, but they typically use about 25-80% less energy than traditional incandescent bulbs which means they’re saving you money in the long run.

It’s apparent that a lot goes into becoming a homeowner, but the better prepared you are for the unexpected, the sooner you will become settled into your new ‘home’ without the additional resentment. Whether you need all of these items or only a few, we hope that the extra expenses accrued are painless due to your proper budgeting and planning.

 

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