Don’t Forget these expenses when moving into your home


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Congratulations on taking the big step of moving into your very first home! It’s an exciting time, full of new possibilities and the chance to make your space truly your own. As you prepare for this exciting new chapter, it’s important to remember that many expenses come with owning a home beyond just the purchase price or rental deposit. In fact, several often-overlooked expenses can catch new homeowners off guard if they’re not prepared. From unexpected repairs to ongoing maintenance costs, it’s essential to understand all the expenses you’ll need to manage clearly. 

Maintenance and Repair Costs

One of the most significant expenses many new homeowners overlook is the cost of ongoing maintenance and repairs. 

As a homeowner, keeping your property in good condition is up to you. This includes everything from mowing the lawn and trimming the hedges to changing the filters in your HVAC system or undertaking massive repairs such as needing new floor joists, for example, or foundation repairs.


Another often-overlooked expense for new homeowners is insurance. When renting a property, your landlord typically has insurance to cover the building and any associated liability. However, as a homeowner, it’s up to you to secure your own insurance policy to protect your property and assets.

There are several types of insurance that you may need as a homeowner, including homeowner’s insurance, flood insurance, and earthquake insurance, depending on where you live. It’s important to shop around for insurance policies and compare quotes from different providers to ensure you get the best possible coverage at a reasonable price. Consider bundling your insurance policies with one provider to save money on premiums.

Moving Costs

Whether hiring professional movers or doing it yourself, there are a variety of expenses associated with moving into a new home. These can include the cost of renting a moving truck, packing supplies, and hiring help to load and unload your belongings.

To help keep moving costs under control, it’s a good idea to start planning well in advance. Create a detailed moving checklist and timeline to ensure you have ample time to pack, sort, and prepare for your move. Book your moving company as soon as possible for the best prices.

Buying Furniture

Once you’ve moved into your new home, you’ll likely need to buy furniture to fill your space. This can be a significant expense, especially if you’re starting from scratch. From buying new living room furniture to remembering to buy pots, pans, cutlery, towels, bedding, and so on, it all adds up, especially for those who need everything.

Another important consideration is the layout and size of your new home. Before buying furniture, take measurements and create a detailed floor plan to ensure you buy pieces that will fit comfortably in your space. This will help you to avoid purchasing items that are too big or too small for your new home.

The First Food Shop to Fill the Cupboards

Finally, one last that many new homeowners overlook is the cost of stocking their kitchen and pantry. When you move into a new home, you’ll likely need to buy all the basics, including food staples like flour, sugar, and spices.

Your shopping list needs to incorporate those foods you typically find in a cupboard, but you won’t yet have. Check the cabinets where you currently live, be it family or friends, and get an idea of the items you might need before you move out. You don’t need everything at once, but getting the right bits will ensure you have what you need.


Moving into your first home is exciting, but it’s important to remember that many expenses come with homeownership beyond just the purchase price. By planning ahead and budgeting carefully, you can set yourself up for success and enjoy your new home to the fullest.

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