9 Financial Mistakes New Homeowners Make (2026)
The 9 mistakes that drain new homeowners in year one — maintenance fund, homestead, refi math, reserves. With dollar costs and fixes.
Your first year in the home
- Month 1: What to Check — Your first month is about documenting what you have and addressing anything urgent from the inspection.
- Month 3: What to Observe — Use the first months to record how the house performs in everyday use and changing weather.
- Month 6: What to Service — Review the service schedule against your equipment manuals, climate, and known maintenance history. Some tasks will be due sooner.
- Month 12: What to Budget — After a full year, you know your home's personality. Now build a forward-looking plan for the next 1–5 years.