Karen Lawley | Revere Real Estate, Malden Real Estate, Lynn Real Estate, Boston Real Estate


A lot changes when you move into a new home. For the first few weeks you’ll most likely be focused on getting everything arranged and put away in their proper locations. You’ll be adjusting to your new work commute, meeting the neighbors, finding out where to shop, and so on.

It’s easy to forget about updating your budget during the first couple of months in your new home. However, if you want to be mindful of your spending and gauge the true cost of living in your new home, it’s essential to start tracking expenses and creating your budget as soon as possible.

In this article, we’re going to show you how to make a new budget for your new home so that you can start accurately planning your long term finances. That way, you and your family can rest assured that you aren’t living above your means in your new home and can stop stressing about spending.

Cost of living changes

When most of us move we think about the change of our mortgage payments, property taxes, and home insurance. However, there are several smaller changes that will occur in your day-to-day spending habits that you might not think to update in your budget.

First off, make a note of how much you’re spending on transportation (whether it’s train fare or gas for your car) in your new home and adjust this on your budget. This is hard to predict before you move since you can’t be sure of the traffic patterns until your first trip to the office.

Next, make a list of your monthly services, including utilities. We’re talking about internet, cable, trash and recycling, heating and electricity, and so on. At the end of the first month, add each of those to your budget and decide if you want to spend less on any of them.

One surprise expense that many people have when they move is the cost of internet. Your old plan at your former residence might not cut it if you move to an area with different coverage.

Furnishing your new home

Even if you’re moving with most of your furniture and appliances, there will likely still be expenses that you’ll need to plan for in your new home.

It might be tempting to make all of these purchases at once so that you can feel like your move is “complete.” However, the best course of action is to include these items into your monthly budget so that you are prepared for emergency expenses.

Decide which items you need the most in your new home, and prioritize purchasing those on the first month. You’ll likely realize after just the first couple of nights in your new house which items you need now and which can wait.

Budgeting apps and tools

Everyone has their own preferred method of record-keeping. Some people keep their budget in a notebook or planner, whereas others like to use an app that they can access on their phone or laptop.

There are dedicated budgeting apps and web applications that link to your bank account and tell you how much left you can spend that month and if there is an issue with your budget. Several such apps are available for free in both Android and Apple app stores.

For a simpler budget, you can simply use the spreadsheet application of your choice (Excel, Numbers, and Google Sheets are all sufficient).

Regardless of what tool you use, make sure you check in on your budget frequently to ensure you’re sticking to it and making adjustments as needed.


Many hopeful homebuyers seek to save money by buying a fixer-upper and doing most of the renovations themselves. This is a proven method for those who have a knack for home improvement and aren’t afraid to get their hands dirty.

However, estimating the cost of a remodel can be difficult. There are many costs you may not be aware of, and others that are easy to go over budget on.

In this article, we’re going to talk about the cost of an average remodel, and some lesser-known costs that you might be forgetting to factor into your budget.

Average remodeling costs

As you might guess, the cost of a remodel can vary greatly. Things like the size of the home, the number of rooms you’re remodeling, and the type of repairs you’ll be making all factor into the equation.

Some repairs can be quite costly. Septic system replacements can cost several thousands of dollars depending on the type of system you need. And, if you’re buying an old home, you’ll need to look out for expensive fixes like asbestos removal and foundation damage.

According to one report, most Americans spent between $17,000 and $61,000 on their remodel, with the average renovation cost being around $37,000.

If you’re hiring a contractor for the bulk of your remodel, expect them to charge between 10% and 15% of the total cost.

Lesser known costs of a home renovation

Remodeling a home isn’t as simple as looking up a contractor and telling them to give you the bill once it’s finished, and that’s probably a good thing because odds are you would be shocked by the cost.

First, you’ll pay a contractor to do a walkthrough and estimate costs. Next, you’ll need to get any permits that are required for your renovations.

If you plan on doing the renovations yourself, there are a few costs you’ll need to consider. First, understand that you likely won’t be able to take advantage of all of the discounts that contractors can, meaning your building materials may be more expensive than expected. Similarly, the cost of tools for the project adds up quickly. And, when you make mistakes--we all do, we’re only human--you’ll be paying for it out of pocket.

Knowing your long term goals

An important consideration for a remodel is to look toward the future. Do you want to sell your home within the next few years? If so, you might consider going with less expensive materials--such as generic kitchen cabinets rather than custom-built--to save money while still increasing the value of the home.

However, if you plan on being in this home for decades or more, it may be worth the extra money now to make sure you are happy with your home for years to come.

Remodeling a home can be a memorable and rewarding endeavor. You get the chance to take a house that you see potential in and make it truly your own. Now that you know the costs, you’ll be better prepared for planning your home renovation.


Home improvements are a great way to add value to your home if you’re hoping to sell in the near future. The problem is, however, that many home improvements are costly and time-consuming. And, if you don’t plan carefully, they could even cost more than the amount of value you add to the home.

The good news is that there are several home improvement projects that will cost you less than $100 and won’t uproot your life in the meantime.

In this article, we’re going to give you five home improvements, all under $100, that can add value to your home. That way when you do decide to sell, you won’t have to scramble to make updates. Read on for the list.

1. Add a fresh coat of paint to your trim and baseboards (Cost: $75 - $100)

Trim and baseboards fall prey to getting kicked and covered in dust and cobwebs over the years. Adding a fresh coat of white paint will make an entire room feel new.

2. Improve your lighting (Cost: ~$50)

Bright lights help to make the rooms of your home feel more spacious. If you can’t increase the natural light of a room, bright, LEDs are the next best alternative.

The cost of LEDs is constantly decreasing, and they’re becoming more energy-efficient as well. To really get the most value out of your budget, use different color temperatures depending on the mood of the room (warm for bedrooms, bright white for bathrooms, etc.).

3. Add a burst of color to your front door (Cost: ~$20)

It can be difficult to increase curb appeal on a tight budget. One way to do so is to repaint your door a bright color that stands out but still fits with the style of your home.

4.Install a new shower head (Cost: $80 - $100)

Adding a new shower head to the main bathroom is a great way to add a bit of luxury to the room. While many stainless steel shower heads cost around $200, there are several chrome options that look just as nice and cost half the price.

5.Upgrade your hardware (Cost: $50 - $80)

Replacing your kitchen cabinets is an expensive endeavor. However, you can easily revamp your existing cabinets by replacing their hardware. Add a fresh coat of paint and they’ll look brand new.

Outside the kitchen, you can also update towel racks, bathroom drawer knobs, coat hooks, and other outdated hardware. Using a consisted, dark color throughout the home is a good way to give your house a theme and a sense of continuity.


With these five simple upgrades, you can increase the value of your home, boost your curb appeal, and avoid breaking the bank at the same time.




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