New Homeowners: What’s on Their Shopping List?

New Homeowners: What’s on Their Shopping List?

ORLANDO, Fla. — Flush with the pride of homeownership, new homeowners spend an average of $10,600 in the first year of homeownership for household-related items, according to a recent National Association of Home Builders (NAHB) analysis.

Furniture, appliances and remodeling projects are among the biggest expenses – and new owners spend an average of $3,778 on furnishings alone, according to NAHB.

Here are a few common expenditures recent homebuyers made:

  • Living room chairs and tables: $687
  • Dining room and kitchen furniture: $345
  • Window coverings: $215
  • Sofas: $700
  • Property alterations and repairs – such as outdoor additions or a new driveway, walkway or fence: $3,729
  • Appliances – like washers and dryers, lawnmowers and other yard equipment or computer hardware and systems: $3,094

In a related report, a survey conducted by Home Innovation Research Labs shows that two-thirds of new homes built in 2015 came with no washer or dryer; 36 percent had no refrigerators. However, most new homes did come with cooking stoves, ranges, and ovens.

Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its more than 170,000 members in 54 boards/associations. Florida Realtors® Media Center website is available at http://media.floridarealtors.org.

Share this!

Subscribe to our RSS feed. Tweet this! StumbleUpon Reddit Digg This! Bookmark on Delicious Share on Facebook

Comments are closed