We've had several questions on this board over the last few months regarding how much to budget for post-closing items after buying a house. Everybody says, "There are lots of expenses!" but it's hard to know what that really means as a home-buyer. I know several of us have just bought or are in the process of buying, and I thought it might be helpful to share what we have spent on our new houses and what we have purchased. For those who sold a house, please also share what you spent to get the house ready for sale!
For us: we have a pretty rare situation where we closed at the beginning of August. We still have our apartment for the month of August because our apartment requires 90 days notice to move out. My H also has the entirety of August off in between the bar exam and beginning his job. So we are taking advantage of his time and the fact that the house is empty to do some things that would be a big pain to do after moving in.
So far we have spent $1,300 on house stuff. This includes:
-16 gallons of wall paint - we used almost all of it
-3 gallons of trim and door paint - still working on this so I don't know if we bought enough.
-6 gallons of ceiling paint - we also used almost all of it
-Painting gear: rollers, brushes, drop cloths, etc.
-Misc. tools like pliers and utility knives for the projects we've done so far
-Changing the locks
-New hardware for two of the three bathrooms
-New faceplates for outlets and light switches
-New door stops
-Two lunches and 1 dinner for our helpers this weekend (and us)
-Some of the inexpensive outdoor items: buckets, a hose, a gas can for the lawn mower, etc.
This does not include the lawn mower. My parents bought us one as a joint house warming/birthday gift for H this weekend. We were lucky to get one!
We are not finished. There is definitely more to come... including installing new floors in two bedrooms because the carpet in those rooms was beyond disgusting. We also will be shopping for a couch and some area rugs soon. And we need to install new wire shelving in several of the closets and install a French drain along one side of the house.
Even with all of these projects we are coming out way ahead. The "turn-key" houses in our neighborhood (and others near it) go for $50K-$100K more than we paid.
Re: Buying a house: those "extra" purchases add up
After we move in we will be installing kitchen cabinet pulls immediately so we can lock them without having to drill more holes ~100.
A couple curtain rods in the rooms we use the most ~150.
That's really all I can estimate or know right now.
Getting the house on the market we replace the worst carpet with wood $2000. And I painted the downstairs which was 4 gallons so about 100-120. Other than that boxing stuff up and getting it into the closets so a lot of sweat equity.
We only needed a dishwasher for appliances, and luckily got one from a coworker. My parents generously gave us a sectional, which was very sweet. We spent about $400 on paint, $250 on blinds, and a couple of hundred more on odds and ends. I also spent $45 on supplies to refresh my fish tank since I had to empty it to move anyway.
Overall, the most annoying expense by far was eating out. We closed only a few days before the move, so we literally had no choice but to eat out for a couple of days while the kitchen was packed. It was a waste of money and made me feel like crud.
I spent $40 today at Target on accessories to match our crazy pink and black bathroom. It's pretty kitschy but we've decided to lean into it for now. Within the next few months however I'm planning to rip out a bunch of wallpaper that is hideous, sand it down, and paint.
This is a great thread-it’s hard to anticipate the issues that might come up with a new house or the work that needs to happen when you want to sell a house. When we sold my husband’s house last fall we spent about $300 in paint for the exterior of the house (which we painted ourselves) and $500 in materials to completely rebuild a staircase and install oak treads. We didn’t have a lot to do in his to make it sale ready.
Now we’re getting ready to sell mine, we had a renter who has moved out, and so far it’s been $150 for paint, $200 to refinish the woods floors in the master bedroom, and $100 to replace window blinds. We are going to be replacing the garage door and that will run about $250 and we have to build a closet to call the third bedroom a legal bedroom so we can get the price we need. That’s probably going to cost another $500 and we’ll be doing the work ourselves. It’s an older house (1940’s) so I expect there might be some small things that come up in inspection we may have to fix. When all is said and done I think we’ll put about $1500 into getting it ready to sell
For the house we purchased last fall we had some things we had to do right away and have moved on to the stuff we want to do. Stuff we had to do:
$250 – Plumbing issues we uncovered the day we moved in
$325 – Pest treatment for a carpenter ant infestation in the garage
$180 - New Toilet
$500 – Carpeting for living room
$100 –Thermostats
$200 – Microwave
$350 – Curtains and rods
$130 – New bathroom sink
$100 – New Lockset
$350 - Mulch
Things we wanted to do:
$400 – Redo the fireplace
$60 – Update garage lighting
$20 – Garage door openers
$175 – New exterior lights
$50 – New outlets and switches
$75 - New bathroom faucet
And our very large purchase, $4600 for a pellet stove insert, including the installation. With what we pay for heating oil we will recoup the cost in 4 years, but we already had that money set aside in a separate account prior to buying the house specifically for that purpose.
$0 - touch up paint (we luckily had all we needed)
$20 - painting supplies
$10 - replace towel bar in master bathroom
$900 - had the exterior painted (the house was 10 years old and needed a refreshing)
$300 - replace a glass panel in sliding door
$200 - two months of a storage unit
$50 - packing supplies to put stuff in storage
$100 - repairs to house based on inspection
We were very fortunate that we didn't have to do many improvements in order to sell. We had installed laminate floors in the living/dining a couple years ago for around $400 (clearance laminate we installed ourselves). The only other thing we considered doing was getting the bedroom carpet steamed cleaned. We went under contract before we priced that out.
Thanks for indulging me!
I'd get the mattress if you can. We got a new mattress with our wedding gift money, and didn't really realize just how much we hated the old one until it was gone. It's not ancient or gross or anything, so we kept it for our guest room. New flooring will be great, too!
What we're looking at next is upgrading our oil boiler to gas. The house is gas-ready so it shouldn't be too bad, plus our state offers 0% financing plus a giant tax credit. Gas vs. oil saves hundreds in a New England winter. I'm hesitant to get into any new payments but at 0% it makes more sense than paying cash.
This past winter was brutal! Natural gas isn't available in our area of NH so electric and propane are the only other options unless you go with wood or pellet. We invested in a large pellet stove and we can actually heat the whole house on that with only a little bit of oil to supplement.
My folks did the oil to gas conversion a few years ago when Public Service of NH was offering discounted rates on furnaces and they haven't regretted it for a second. If you have the chance to do it, it's worth the investment.
New sectional couch = $2,200
Kitchen table and chairs (from garage sale) = $25
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We incurred a lot of expenses when we bought our house because we both lived with our parents previously so we started from the bottom. I should also mention only a few were actual NEEDS versus wants and they've been stretched out over the last year of owning it.
Paint/supplies for the entire house: $500
New Appliances: $1800
Start up Deposit for Gas/Electric: $85
Living room TV stand/Coffee Table/End Tables: $200
Kitchen Table Set: $650
Cleaning Supplies/Household Essentials: $300
Kitchen Floors: $600
Countertop Paint: $30
Cabinent Paint: $45
A/C repair: $100 (home warranty claim fee)
New Hot Water Heater: $100 (home warranty claim fee)
TV stand Basement: $200
Bathroom Vanity: $100
Deck Paint: $140
Light Fixtures (everything was replaced except two ceiling fans): $300
New Light Bulbs (Energy Efficient)- $60
Drawer Pulls/Knobs- $60
I purchased a lot of our kitchen stuff in the few years leading up to buying so that helped a lot, and we got a lot of handme down furniture and gifts from our parents like our basement furniture, grill, mower, etc. The list is still going though because we're about to replace our basement carpet and put a patio in. It's never ending really...
ETA a few things I missed.
I'd get the mattress if you can. We got a new mattress with our wedding gift money, and didn't really realize just how much we hated the old one until it was gone. It's not ancient or gross or anything, so we kept it for our guest room. New flooring will be great, too!
What we're looking at next is upgrading our oil boiler to gas. The house is gas-ready so it shouldn't be too bad, plus our state offers 0% financing plus a giant tax credit. Gas vs. oil saves hundreds in a New England winter. I'm hesitant to get into any new payments but at 0% it makes more sense than paying cash.
I forgot about this! We are planning on converting next summer. When we first moved in, the plan was to wait about 5 years or so before converting to give us time to work on other things with the house. That all changed when we spent over $3k this past year. It pains me when I know we can get gas so much cheaper. I'll have to see if there's any 0% interest deals in my state.
For us we have to sign up for an "energy audit" where they come look at your place and tell you how you could improve your energy usage (and give you loads of free lightbulbs) and then you get access to all the good deals. Once you're on gas, the gas company will partially subsidize things like insulation or new windows. It's pretty awesome. I got the call today to schedule my audit and I'm pumped!
New Washer - $900
(the one that came with the house broke after two uses. Fortunately the seller felt bad and gave us $400.)
Rugs - $1,000
Blinds - $300 (We installed ourself)
Curtains - $100 (T J Max and Target to get major deals)
New furniture: $1000 (We had all the essentials, but have slowly added small unnecessary things like a bar, extra dresser, lounging chair in office, extra book shelf, etc.)
Gardening - $300
Leaky roof - $1000
Broken AC - $400
Landscaping - $2,000 (We had a bunch of brush in the back yard and added a gravel driveway)
Back yard fence - $300 (My dad and husband built it)
Outdoor shed - $800 (My dad and husband built it. Fortunately $500 was paid with a gift card)
We are also planning on expanding our patio, which will probably cost another $500.
Overall, I'd say we have probably spent about $10,000, because there are probably a bunch of small things that I am forgetting. That is not even including the small fridge, lawn mower, weed eater, lamps, appliances, shower curtains, towels, etc. etc. that we received as gifts from my parents and wedding guests.
I didn't even realize we had spent this much until sitting down and doing this post. Excellent idea for a post!
I need to see what the policy is about that. I will have to get on a computer to check that out later today- but I will. Sorry I'm not around much right now.
I'm assuming the purpose of you creating an account was to spam our boards. If you come on again, I will contact the nest gods about deleting you.
Everyone who contributes to this board- I've deleted her comments and contacted a MOD I know to see what the rules are about banning a user. The ridiculous this is that the website she linked everyone too isn't even functioning/is all unedtited lorum ipsum text..