7 New Home Expenses that Can Blow Your Budget

Buying a home can be one of the most exciting times of your life — it signifies a big move into the world of adulthood.  However, ‘moving up’ can often come with an abundant amount of new home expenses and significant costs.  Depending on how many costs you are able to accurately anticipate, it can really rack up.  This is why it’s important, especially when buying a new home, to have an emergency stash of cash you can use for any of these unexpected new home expenses.

The home buying process can be expensive, but what’s even more expensive are undiscovered issues that can turn into big problems later.  In the case of new home expenses, when consulting the correct professionals, an ounce of prevention is definitely worth a pound of cure.

Nervous about buying a home? Ease the pain with FBL’s free home buying checklist Click here to download !


Still, these are the new home expenses that can really blow your budget and cause many, many a headache.


Foundation Issues

Just as the term suggests, a home’s foundation is what it is built on.  As the general contractor on This Old House, Tom Silva, says: “Without a good one, you’re sunk.”  Many older homes can have foundation issues ranging from settling which is fairly common, to larger cracks (which you should address) immediately.  If your home inspector suggests bringing out a structural engineer to examine the foundation, it may be worth it for the peace of mind.


Mold problems

In regions where the climate can be more humid (Hello Atlanta), mold can become a serious issue.  If the area is not properly sealed for moisture, mold can grow in the crawl space and floor joists. This can not only affect the air circulating within the home, but also, if left untreated, weaken the entire structure.  This is why in many homes, plastic vapor barriers are put down to keep away moisture.  In some cases, investing in a dehumidifier is not a bad idea either.



The roof is extremely important, as it protects your home from the elements; namely: rain.  The life cycles of a roof varies based on the type of roof and the manufacturer.  If well maintained, roofs last 15-20.  However, they are expensive to replace, often costing $10,000 or more.  This is why when purchasing a home, it’s important to have an estimate on the roof’s remaining life, so you can begin saving for that eventual expense.


Tree Removal

You’ve found the perfect house… perhaps you even wanted a wooded lot! Trees close to the home can be helpful in keeping the home cool in the summers, thereby helping with the electricity bill.  But if the trees are unhealthy or too close, it will take just one major storm for you to incur roof damage.  Many times if a branch or tree interferes with a power line, the power company will come and remove it for no charge — just be sure to ask!



You may have negotiated the appliances into your purchase.  Even then, replacing them can be costly when the time comes.  If the appliances are nearing the end of their life, it might be prudent to invest in a home warranty, which covers repair/replacement of the appliances for up to 1 year.


New Furniture

Ah… arguably one of the best parts of buying a new home, is getting to buy new furniture along with it!  If you are not picky about your furniture, you can find some great deals on Craigslist or local Buy/Sell/Trade Facebook groups.



Depending on the condition of the home you are purchasing, you may be planning to add upgrades such as granite counter tops or re-tiling the master shower.  While certain upgrades can definitely add value to your house, be careful not to go overboard! (Like I did with my recent home renovation.)


By being vigilant about any potential issues the house may have, as well as careful not to overspend on the typical new home expenses such as expensive furnishings, you will be in a much better place financially while buying your first home.  Make sure to do your research during the due diligence phase, which is typically a 3-4 week period before purchasing the home, and to have it thoroughly vetted and inspected.  


Like this post? Get more first time home buying information in my book, The Millennial Homeowner: A Guide to Successfully Navigating Your First Home Purchase, now on Amazon. Click here to get your copy! 



So you just moved into a new house - and don't know what you need to get started. After dropping serious cash on a home purchase it can be tough to spend more, but here are the 7 new home expenses that will save you in the long run!



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  • Alexis @FITnancials
    May 2, 2017 at 8:34 pm

    I’ve only ever lived in apartments, which is why I’m scared to own a home one day. We’ve been getting pretty serious about the idea of designing and living in a tiny house, but we ‘d still like a bit of land for our animals.

    • Lauren Bowling
      May 2, 2017 at 9:47 pm

      You’ll still need to factor in care for the land (if any). I’m still paying for lawn care on my investment property.

  • giulia
    May 2, 2017 at 5:21 am

    This post is absolutely truth, sometimes is better to know what is really essential renovate and what is possible to do low cost, for some things is better splurge (it is investment in long term) for other you can wait and moving is always stressful time but welcome into adulthood!!!

    • Lauren Bowling
      May 2, 2017 at 9:48 pm

      I’m still making renovations to my house! Old houses especially need a lot of upkeep.

  • Canadianbudgetbinder
    August 24, 2012 at 7:03 pm

    Isn’t it funny how all the little things can add up? That’s how fast people can get into debt if they don’t budget their money. When we get our credit card bills it’s all the little things that add up and we shake our heads and say, wow. Spices and condiments, yep I agree can get costly. When we moved in our house we had hardly anything at all. The money just kept on going out faster than coming in. It’s a good thing to budget all the small stuff. Cheers darlin. Mr.CBB

  • DebtKiller
    August 24, 2012 at 4:03 am

    My house is currently up for sale and this post was a not-so-pleasant reminder of the common everyday expenses I’m going to face in the near future. I haven’t moved in over 7 years, and quite honestly, I never really thought about much of what you outlined. I do recall moving into my current home and spending $100 on cleaning supplies. I like to clean everything before I start living in the place….just a pet peeve I guess.

    How about the moving boxes? I went to U-Haul to buy boxes and left with nothing after I realized they wanted $6 per box (medium to large). I have to pack an entire house…ya think I’m gonna buy $6 boxes? Um, no.

  • L Bee
    August 23, 2012 at 10:35 pm

    I agree-take out isn’t something I considered, and usually when I move I eat out for days before I’m really “unpacked”.Thanks for commenting Hannah! Be sure to enter my giveaway if you like purses 🙂

  • eemusings
    August 23, 2012 at 10:06 am

    One sneaky thing is lightbulbs – too many times we’ve moved into a new place where lights have blown and nobody bothered to replace them!

  • Michelle
    August 22, 2012 at 6:42 pm

    If you’re moving from an apartment to a house, you might have to buy a lawnmower, rake, shovel, outdoor broom, etc etc ETC. That stuff can add up quick unfortunately.

  • L Bee
    August 22, 2012 at 2:43 pm

    BAHAHAHA. You’re too too funny. I don’t own those shakers-I just found a picture of them off ebay. They’re for sale right now! Go get them!

  • L Bee
    August 22, 2012 at 2:42 pm

    I feel you-this last cross country move just about broke me. I’m not moving again for several years. AT LEAST. I say that now and then I’ll probably move again in a year 🙂

  • L Bee
    August 22, 2012 at 2:41 pm

    LOVE that curtain, don’t love the pricetag though. They usually put their housewares on sale pretty often though. 🙂

  • savvyfinanciallatina
    August 22, 2012 at 1:54 am

    We just moved at the beginning of July, and we still need a much of stuff…

    • L Bee
      August 22, 2012 at 2:44 pm

      don’t feel like you have to get them all at once, or wait until you truly need them like I did. I waited until this month to buy and it’s been like extra dollars out the wazoo.

  • L Bee
    August 21, 2012 at 11:04 pm

    Good for you! I always sell my old home decor because I feel like it never fits in with my new place. Then I fill it with new things. My BF is a minimalist though, so he’s keeping me in line 🙂

  • Anne @ Unique Gifter
    August 21, 2012 at 10:00 pm

    Trash cans is my go-to when listing expenses for a new place. There are even more if it’s to a house: lawn maintenance type things like fertilizer, tools, herbicide.
    Lubricants, light bulbs, extension cords/power bars
    New lamps in some locations
    Drawer organizers
    Cleaning products
    Shelf Liner
    Storage racks/new shelving units etc

    • L Bee
      August 21, 2012 at 11:02 pm

      I wanted to list storage organizers, but not everyone buys them-a travesty I think. Thanks for stopping by!

  • Drop that Debt
    August 21, 2012 at 8:38 pm

    Recently bought a new home, and thank goodness we got a lot of hand-me-downs, but we still ended up needing a toaster, placemats, all of the things you don’t think of !

    • L Bee
      August 21, 2012 at 11:02 pm

      I love that new home feeling but don’t love the pricetag–it always feels like you are getting something. Congrats on the new house!!

  • bogofdebt
    August 21, 2012 at 7:46 pm

    Towels, storage devices (boxs, shelves, etc) and curtains! Plus the spices–when I move in December I have $250 scheduled for my grocery budget but I know it might actually be more.

    For the bathroom shower curtain: I bought a fabric curtain and liner. I spent roughly $30-$40 on both combined but I don’t have to throw it out. If it gets dirty, I just wash it.

    • L Bee
      August 21, 2012 at 11:03 pm

      When I moved we got a glassed in door-so no curtain! yay! This is great because I’ve bought a new shower curtain for every move I’ve ever done 🙂

  • Mo' Money Mo' Houses
    August 21, 2012 at 7:11 pm

    I totally agree! I remember when I first moved into my first place and had to buy spices and condiments and scissors for the first time I was like, whoa, spices ain’t cheap! Thank goodness you don’t have to replace them often but come on!

    • L Bee
      August 21, 2012 at 11:03 pm

      Did you know that spices go old? You’re supposed to throw them out every year!

      • jgriss
        August 25, 2012 at 12:07 am

        You can get a lot of spices much much cheaper and in wider variety at international markets, fyi. Try and find a store that sells Indian, Mexican, and Asian ingredients and your are set.

  • Michelle
    August 21, 2012 at 6:54 pm

    I would say getting all the little things for your fridge definitely add up quickly! Also, towels, curtains, sheets, etc.

    • L Bee
      August 21, 2012 at 11:05 pm

      I was lucky to get lots of hand me down sheets. But curtains don’t always transfer so easily-what if you have a different size window?

  • Anonymous Kayla
    August 21, 2012 at 5:27 pm

    Ugh post-move adjusting IS expensive. I try to pack everything – kitchen supplies, shower curtains, etc – but sometimes it just doesn’t happen. What always gets me are cleaning supplies. Also – I can one up you on the sewn dollar store liner. If I remember correctly, we went almost an entire summer with NO curtain or liner – 305 baby.

    • L Bee
      August 21, 2012 at 5:57 pm

      Hah! You’re right we did! Thanks for not mentioning how we ended up without the shower curtain on the internets 😉 You’re my boo.