New homeowners face a number of expenses early on in their time at their new residences. 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 may be best for new owners to do some 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.
For instance, by reading customer reviews on Consumer Reports and other similar sites, homeowners can locate affordable appliances that have been approved by many as quality products. This could provide additional assurance that they’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 homeowners can get repairs or replacements if needed down the line.
Some appliances already installed at a home may have warranties. Because of this, homeowners 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 items, such as chairs, tables and decor, the first places homeowners might want to shop at are retail stores. Chain stores often sell typical home items for low prices. If these retail locations don’t have what owners are looking for, they can try their luck at 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 owners find at a yard sale may be ideal for their living room.
Aside from some of these common home savings tips, new homeowners can consolidate credit cards to one low interest card. This can help them pay off their balances easier and, over time, allow them to have more financial flexibility.