The 13 Unexpected Costs After Moving Into Your New Home

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A new home is a significant milestone, but along with that come hidden expenses. You might have budgeted for bigger items like furniture and appliances, but it seems like little things pop out from behind every bush.

The many unexpected costs, from utility setup fees to the sudden need for maintenance, provide stress where there should be joy. It is always best to be prepared and budget a portion of your finances toward such costs; that way, the transition can move along much more smoothly and keep your move as joyous as possible.

Utility Setup Fees

When moving into a new home, installing utilities such as electricity, gas, and water often comes with activation fees. These initial charges will vary between different providers and specific plans you choose. Saving a couple of cents for setup might prevent any breakages in your vital services.

Homeowners Association Dues

Many communities have a homeowners association; these usually require owners to pay a due monthly or annually. These usually go towards community amenity maintenance, common area utilities, and amenities. All these are vital to determine these rates in advance to make budgeting considerations.

Maintenance and Repairs

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Even new homes, let alone brand-new ones, have a knack for developing unexpected maintenance problems. From replacing a faulty lock to fixing a leaky faucet, these tiny repairs can quickly add up. Setting aside a portion of your budget for home improvement guarantees these costs won’t catch you off guard.

Landscaping Costs

A new home often means getting a new yard, which also means regular maintenance. Whether mowing the lawn, planting flowers, or caring for a garden, landscaping can be a constant financial burden. Whether you invest in basic tools to do it yourself or make a service call, you want your yard to look at its best.

Security Systems

The security system could also be an investment that will let you feel safe and secure inside your new home. Systems today may include alarms, cameras, and motions; these may incur installation fees and further subscription fees. Planning for these costs allows for peace of mind in your new space.

Pest Control Services

It’s not unusual to expect some unwanted house guests in the form of pests. Regularly treating your home with pest control will prevent the most heinous infestations and protect your new home. Whether you decide on a contracted service or if you do it yourself, this is an expense well worth considering in maintaining a healthy environment in your home.

Appliance and Furniture Delivery Charges

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When planning for new appliances and furniture, the after-delivery charges must be considered. Prices among retailers can vary greatly, and sometimes, there are additional assembly fees. Knowing these costs can help you make much better decisions when shopping.

Insurance Premium Adjustments

Moving may impact your home insurance needs and premium rate. This is particularly important because calling your insurance provider to review and reassess your coverage will help you protect your new home accordingly. Your policy may need adjustments, which could raise your premiums, so it’s a good idea to brace yourself for the change.

Installing Cable and Internet

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If you’re like most connected individuals today, one of the first things you want to sort out in your new home is getting it set up with cable and internet. Installation fees may apply depending on how complex the service setup is. Including these in your moving budget can ensure you stay connected without delay.

Trash and Recycling Fees

Some municipalities charge separately for trash and recycling services. If your new community works this way, you’ll want to factor these costs in. Knowing how refuse management is handled in your new locality will save you from surprises on your utility bill.

Costs of Window Treatment

Curtains, blinds, or shutters are something that you should consider when fixing your new home. Besides aesthetic appeal, they prevent others from peering inside and save energy. Window treatments are available at variable costs, so it will be worth investing in to make your home more comfortable and look better.

Property Taxes

Some property taxes could be much greater than you estimated while relocating to a new area. These taxes can differ a lot and may hurt your annual budget. Verifying rates with the local taxing authority ensures no financial surprises later.

Unexpected Emergency Expenses

It’s always a good idea to have an emergency fund available for any big, unforeseen problems. Whether it be a leaky plumbing problem or an electrical repair that suddenly needs attention, having a cushion of money available can be one way to alleviate stress. Prepared for such a situation with an emergency fund, you’ll easily handle any situation.