I thought when going into the home buying world that I knew a lot. In fact, I was prepared for the up front costs and knew what I was willing to negotiate. Now that I’m in the house I bought, there were definitely somethings that I completely overlooked. Here is six financial lessons I learned from buying a home. 

Yes, bugs are a thing

I know that sounds silly, but I seriously forgot how easy it was to be neglectful of what you leave out on the counter. We moved in and immediately noticed ants. It wasn’t because of the previous owner or us leaving something out, but it had rained the day before so the ants were escaping that. We luckily hired a termination company who comes out and sprays every two months and they did a mosquito spray too. But hello, that’s money.

Don’t forget about lawn care

When it comes to lawn care, it’s buying a mower, buying a hose, weed eating materials, gloves, bags for clippings, plants, mulch, gas for the mower, and all the things. It adds up. Having a yard is a giant money pit. We even had an issue with a drain on our property. Luckily the previous owners were and still are handling it, but that would cost us a fortune if they were not.

Put away money for emergencies

You must put money away for emergencies because they do happen. Luckily, we haven’t had one yet, but one is around the corner because that’s just how the world works. Having that back up money for emergencies with your air conditioning, your heat, gutters or windows is imperative.

Don’t underestimate cleaning costs

Cleaning your house requires money as well. We went from a bedroom apartment to a three bedroom, two story house. We had to buy more carpet cleaner, mops, brooms, and anything that helps keep our house nice and clean. It also takes a lot of time to clean a house.

Utilities costs can be steep

Internet and other utilities cost so much more in a house. The WiFi isn’t nearly as good and sometimes the wiring in the house isn’t great. We are currently dealing with a situation in which the internet has to be upstairs in a bedroom because that’s where it connects and works even though it should work in the living room. We had to have someone come out and inspect the outlet only to find out that the wiring is off and would need a whole new re-wiring. You use so much more water and cooling a house is a lot different than cooling an apartment.

Safety is key.

Luckily, our home has fire alarms and even comes with carbon-monoxide detector. With homes these days, you can’t be too safe with making sure you’re equipped to handle any safety concerns when it comes to possible break-ins or even leaks throughout the house. This is going to cost money ,but it’s totally worth it.

These are just a few things I’ve found with the financial aspects of buying a home. Don’t let these hidden costs deter you from buying a home. 

Caroline C.
FFL Cabinet Member
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