The 3 Most Common Expenses You Don’t Expect In A New House

Everybody is trying to reduce their household costs lately. It’s always a good idea to save money where you can but not it’s crucial since the cost of living is so high. When you move to a new house, it makes sense that you are going to spend some money. But. it’s hard to save money when you don’t know what the expenses will be.

Most expenses when you move are understood. Closing costs, movers, and furniture are all expenses that you expect to pay. There are others that you are likely not prepared to spend on. In this article, we will go over several that you should be aware of so you know what you’re getting into. 

1 – HVAC repairs and maintenance

Household appliances are likely going to need to be replaced if they are old and that is an expected expense. One that isn’t expected is if there are problems with the HVAC system or if it needs to be serviced. 

This is because people don’t think to check if it is working in the season when it isn’t usually on. For instance you might do an open house in the summer and feel the air conditioner working and assume it’s all set. Then when the winter comes you realize that your heating system is not working correctly. 

This can be quite expensive as it usually requires a visit by an HVAC technician. They may need to repair it or service it for some routine maintenance at your expense. Make sure to get a home warranty like American Home Shield that covers problems that stem from a faulty installation so you are protected against future surprise expenses. 

2 – Pest control 

When you go to a home viewing you are not likely to see any mice or evidence of bed bugs. This doesn’t mean that there aren’t any there, however. You may not realize that there is a pest problem until you have been living there for a while. Then it’s up to you to pay an exterminator to come and deal with the issue. 

Depending on the issue it can be quite costly to have a visit done. In fact, the infestation may be bad enough that it requires multiple visits and that really adds up. Make sure to be on the lookout for signs of an infestation so you can call right away and not have to wait until the problem is worse. 

3 – Short tem rental

Trying to time the closing dates on a house you buy with the house you are selling is quite a challenge. Sometimes the dates don’t line up. Then there are times when you have to have some repairs made when you buy a fixer-upper that takes longer than expected. 

In either of these scenarios you will likely be looking at the added expense of renting a short term let so you have somewhere to live during that period.