Real Estate News


Just Bought a New Home? Prepare to Shell Out an Extra $10K

home repair tools with a house sitting on coins

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According to a study from the National Association of Home Builders, in the first year after buying a new home, homeowners cough up a bunch more money on furniture, appliances, and home repairs.

"You would think that when you buy a new home, everything is there. But apparently no." Here's a snapshot of some other expenses that, on average, new homeowners will rack up during their first year.

Unlike owners of new homes who spend the majority of their cash on furniture and appliances, owners of older homes funnel the lion's share of their budget toward something else entirely: home improvements and repairs.

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