06/12/2026
Buying your first home? Don’t forget the “Oh Sh*t!” Fund.
Here’s what first-time homebuyers should plan for:
💰 Budget 1–2% of your home’s value annually for maintenance and repairs. (Older homes may need even more.)
🚨 Build an emergency fund specifically for homeownership. Most buyers underestimate what they’ll need—consider saving double your initial estimate.
🛡️ A home warranty can help during your first year, especially with add-ons for things like roof leaks or septic systems, but make sure you understand what’s actually covered.
📈 Remember that monthly costs can change. Property taxes, insurance premiums, and HOA dues can all increase over time.
Going into homeownership with your eyes wide open can save a lot of stress and hardship down the road.
Have questions about buying a home in Austin? DM me!