Buying your first home can feel like a straightforward process—until you’re in it. You’ve likely done your research, gotten pre-approved, and maybe even started viewing properties. But there are a few things that rarely come up until you’re knee-deep in paperwork or packing boxes. Here are five things no one tells you about buying your first home.
Your down payment isn’t the only upfront cost
Everyone talks about saving for a down payment. But you’ll also need money for closing costs, home inspections, property tax adjustments, and moving expenses. These can add up fast. Budget at least 1.5% to 4% of the purchase price for these extras—sometimes more.
Pre-approval doesn’t guarantee your financing
Getting pre-approved is a great start, but it’s not a promise. Lenders do a final check on your finances just before closing. Any big purchases, changes in your job, or new credit inquiries can affect your approval. Hold off on buying furniture or switching jobs until everything is final.
You’ll notice every small issue after move-in
During showings, it’s easy to overlook things. Once you’re living in the home, little quirks stand out—drafty windows, doors that don’t close properly, strange wiring. Some fixes are easy, some aren’t. Always get a proper home inspection and don’t skip reviewing the report carefully.
You might not love your home right away
That initial “this is it” feeling doesn’t hit everyone. It can take time to adjust. Your furniture may not fit quite right. The neighbourhood might feel unfamiliar. Give it a few months. It usually starts feeling like home once you settle into a routine.
Homeownership comes with unexpected tasks
You’ll be responsible for everything—from replacing furnace filters to clearing snow. Things break. Appliances need attention. You’ll spend weekends on basic upkeep. It’s not always hard, but it’s constant. Owning a home means taking care of the small things before they become big ones.
Buying your first home is a major step. Being prepared for these less-talked-about realities can make the process smoother. You’re not doing it wrong if it feels overwhelming—most people feel the same way. The key is knowing what to expect and asking questions along the way.
