Save money after moving into a new home

Miss Money BeeBy April Lewis-Parks

So you finally found a place to call home! You did your research, got a loan, and now have your perfect home. New homeowners face a number of expenses as soon as they move into their new space. From paying for repairs to buying furniture, costs can add up pretty quickly. This makes saving money important.

When it comes to filling a home with appliances, it is best for new owners to do research on what low-cost options are available. It may seem wise to get a brand new fridge or a name-brand dishwasher. However, buying older appliances or lesser-known brands could yield considerable savings, but do the research so you don’t get stuck with a lemon! Consumer Reports is a great place to start.

By reading customer reviews on Consumer Reports and similar sites, you can find affordable appliances that have a great approval rating. This can provide additional assurance that you’re buying a top-notch appliance.

Finding home products that come with warranties could also be a wise financial decision to make post-move. Buying items that come with warranties – regardless of whether they’re limited, extended or lifetime – means you can get repairs or replacements if needed down the line.

Some appliances already installed at a home may have warranties. Because of this, you should inspect the warranties to see if they still cover the products and for how long. If a warranty for a dishwasher, for example, extends for another year after one owns a home, it may be worth it to keep the appliance until the warranty expires, then consider replacing it for a new one.

When it comes to filling a new home with furniture, tables and decor, the first places homeowners might want to shop at are retail stores, which can be pricey. Large chain stores often sell home items for lower prices. If retail locations don’t have what you are looking for,  try garage and yard sales, as well as thrift stores. Quality pieces of furniture and decor can be found at garage and yard sales. As the saying goes, one person’s trash is another’s treasure. For instance, an old, unused desk found at a yard sale may be ideal for your living room.

So, if you are a recent new homeowner – congratulations! We hope you are able save money, be thrifty and happy in your new abode!