Post-Purchase Costs Buyers Should Expect

When you step into homeownership, the journey doesn’t end at the closing table. Many buyers—especially those new to the process—are surprised by the first-year expenses that go beyond the down payment, closing costs, and moving fees. It’s important to factor in the costs for furnishings, repairs, and appliances early in your budgeting. On average, buyers of newly built homes spend $26.9K in their first year, compared to $18.7K for existing homes. Appliances and household equipment are a consistent need, with $4.3K spent on average for new builds and $3.7K for existing properties. Furnishings can quickly add up as well—$8.3K for new construction and $3.9K for existing homes, especially if you’re filling out larger spaces. Alterations and repairs are typically the biggest first-year expense: $14.3K for new homes and $11.1K for existing. As someone who values comprehensive service and expert market guidance, I always advise clients to plan for these costs from the outset—so your first year in your new home feels as rewarding as it should.