Costs To Consider Once You’ve Bought A Home

Buying a house is a huge financial investment. After finally getting the keys, it can feel as though a big weight has lifted no longer having to save towards your deposit!

But unfortunately, getting the keys doesn’t mean the end of your spending! In addition to any work that needs doing to the house, or furniture that needs buying, there are other costs you’ll need to consider as a homeowner. 

Keep on top of your home-related finances with these costs to consider once you’ve bought a home.

Home improvements and maintenance

Once you’ve moved into a house, you’ll probably find that you never stop working on it. Whether it’s a new build or an older house in need of renovation, there’s always something to paint, fix or build! The cost of home improvements varies greatly, and once you’ve got initial jobs out of the way, you should think about starting a savings pot to help you cover any planned or future work on your home.

Large works such as an extension or landscaping can cost much more than you might realise, so be sure to get some quotes in to help you work out exactly what you’re facing.

Mortgage Repayments

Unless you bought your home outright, you’ll need to pay your mortgage on a monthly basis. This is something that you need to factor into your budget, otherwise you risk losing your home and everything that you have worked so hard for. Make sure you read up on FHA FAQ‘s to find out more about how to make your mortgage repayments as affordable as possible, as this will make your life much easier. You can stretch your mortgage over a longer period to make it cheaper, but of course the added interest will make your loan more expensive at the end of it all. 

Filling The Cupboards

When you move into a new home you’ll need to fill up the cupboards, as theyll be totally bare and this can make it hard to settle in. Start with the kitchen, stocking up on tinned food, pasta, spices and other dry ingredients. Don’t forget to buy plates and cutlery, pots and pans and any other cooking equipment you might need. Next move on to the bathroom, stocking up on cosmetics and hygiene products to make sure you can live comfortably inside your new home. Don’t forget cleaning products too, as you’ll need to deep clean your new home before you move all of your belongings inside. Don’t be afraid to check online for shopping list inspiration. 


Your home, and everything in it, is valuable to you. Making sure your home is secure is important for deterring thieves and should be a priority for your home. While replacing doors and windows and even installing security cameras can seem like a lot of money, it’s money worth spending to keep your home secure.

Furniture costs

The cost of furniture can come as a shock if you’ve never had to buy it before! Beds, sofas, wardrobes – it all adds up. There are some things you’ll want to buy straight away to live comfortably in your home, while other things you might need to save for. You could try drawing up a wish list of different items and working your way from there. Check out some ways you can save money on your furniture to help you bring your budget down.  

Emergency savings

Owning a home is a big responsibility – it’s the roof over your head after all. It’s also a financial investment, ensuring you have some assets for your future if needed, or to leave to your children. But as life can be full of surprises, you need to make sure you give your home the protection it needs in case of some unexpected event. 

Dealing with unexpected costs to cover flood and storm damage can be a blow to your finances, and while insurance can provide you with a lot of protection, it doesn’t hurt to have some savings behind you too. You should be realistic about possible events in the future, where you might need divorce solicitors, or even end up out of work for a while. Having the funds there in place will give you some security that you’ve got a cushion even if the worst happens. 

Staying on top of your finances is very important once you buy your own home, so make sure to research costs and build savings to help make your home your own, while also keeping it safe and secure.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.