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Expenses after you move into your new home

Congratulations! You just built and now are moved into your newly constructed home. After having saved for your down payment, securing your mortgage and paying your closing costs, you are finally in your new home. Now it’s time to buy all that’s needed to make your house a home. According to the National Association of Builders, new home buyers will spend over $10,000 to fully furnish their home. Major appliances, including washers, dryers, refrigerators, ovens and more are the highest cost of those purchases. Because appliances often are dictated by personal taste, most home builders do not include them as a standard offering in a new home purchase.

Here are the other items that are high on the list of must-haves for new home buyers, according to the Realtor.com website.

  • Sofa: $724

  • Living room chairs and tables: $687

  • Bedroom furniture: $634

  • Lawn mower/other yard equipment: $515

  • Dining room and kitchen furniture: $345

  • Power tools: $232

  • Bedroom/bathroom linens: $180

  • Modular wall units, shelves/cabinets: $144

  • Patio/porch/outdoor furniture: $159

  • Curtains and drapes: $56

Be prepared by realizing there are going to be some additional expenses and create a budget for it. The positive news is that because you are buying a new home rather than an existing one, you will not have any potentially costly renovation expenses.

Want to learn more about the process of purchasing and building a new home? Feel free to visit a local David James Homes design center. You can find the nearest location by going to www.davidjamescustomhomes.com/#location.

   

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