Skip to Main Content

Start Of Main Content

Helpful tips about being a first-time homeowner

Tips and tricks for the first-time homeowner.

A couple celebrating their new apartment

Congratulations: You’ve bought a home! Right now, you’re probably feeling excited, happy, nervous, and maybe a little overwhelmed.

All of that is natural, of course. But arming yourself with a few must-dos and must-knows can help you happily swing from home-owning newbie to home-owning master in no time. Here’s what to consider:

Moving: Get Settled

You may be anxious to get started on home improvement - but it’s also OK to unpack your boxes and get to know the ins and outs of your rooms and your yard. Take some time to enjoy your new home and prioritize projects once you start to get settled. What spaces do you use the most? As you begin to get organized and think about what your home might look like, ask friends and family what projects they’re glad they took on and what they wish they would have done differently. Remember, you’ve got plenty of time to tackle the to-do list!

Home Improvement: Dream Big, Start Small

Most people have changes, both big and small, that they want to make to a home. Before you do anything, make a master list. It might include big dreams (a kitchen addition!) or even small changes (new hardware for a bathroom). You may also have to-do items from your home inspection that should be added to the list. Although it’s easy to feel overwhelmed, it’s also important to remember that a home is a long-term investment. Once you have a list, you can prioritize, estimate budgets, start saving, and then start doing.

Maintenance: You’re in Charge!

A well-functioning home is like a well-functioning car: It needs regular attention to its operating systems, and occasionally a little tune-up. For starters, implement a seasonal inspection routine: Walk around the exterior of your home, then do the same for the interior. Make a list of items that need immediate attention, including dripping faucets and missing downspouts. Add items to your calendar such as “change furnace filter,” and "call for fireplace inspection," based on manufacturer or generally accepted recommendations.

Insurance: Inventory Your Stuff

After purchasing your homeowners’ insurance, it’s a good idea to spend time taking stock of what you own by creating a home inventory. Online options can help, or you can simply photograph each room and record its contents. Once you’re done, contact your State Farm® agent to make sure your coverage levels are adequate.

Budget: Plan and Save, Then Plan Some More

In addition to budgeting for mortgage, property tax, and insurance payments, setting aside funds for both short- and long-term projects, as well as planned and unplanned maintenance, is a good idea. Some estimates place that monthly expenditure at about $1,200 - but it all depends on the size, condition and location of your home. Also consider whether you’ll do some maintenance pieces, such as lawn care, yourself; if you do, you’ll need to invest in the right equipment, and pay to have that serviced, too.

State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.

Select a product to start a quote.


Also Important

What's included and not included in a home inspection

What's included and not included in a home inspection

It's important to get a home inspection before signing the papers on a new house.

Help Control Your Home’s Safety With Your Smartphone

Help Control Your Home’s Safety With Your Smartphone

The latest generation of smart home monitoring goes far beyond smoke detection and intrusion alerts.

Related Articles

Flooded Basement? How to Deal with Common Causes.

Flooded Basement? How to Deal with Common Causes.

Wet basement problems can cost you thousands of dollars. Here are steps to help identify the source of the water and ways to minimize your risk.

Moving? Don't Forget to Make Insurance Changes Too

Moving? Don't Forget to Make Insurance Changes Too

Find out if you just transfer insurance to the new address or if you need new coverage.

What to Know Before You Buy That Fixer-Upper

What to Know Before You Buy That Fixer-Upper

Will this handyman's special be worth the effort? Here are some aspects to consider before a home purchase.