New Year’s Resolutions for New Homeowners
Editor’s Note (Updated January 2025): Originally written for new homeowners entering 2020, this article still offers valuable guidance today. Whether you’ve just moved into your Ernest home or you’re planning for a successful year ahead, these resolutions will help you stay organized, protect your investment, and make the most of your new space.
As you set goals for the new year, don’t stop at “exercise more” or “get organized.” As a new homeowner, this is the perfect time to build smart habits that keep your home running smoothly. To help you start strong, the team at Ernest Homes has rounded up practical New Year’s resolutions that will set you up for success all year long.
1. Make Your Emergency Fund a Priority
If you’re like most new homeowners, you probably dipped into your savings when purchasing your home. And now, instead of calling a landlord for repairs, anything unexpected — a broken appliance, storm damage, medical bills, or job changes — is on you. Ideally, you should keep 3–6 months of living expenses in an emergency fund.
Kickstart your resolution by trimming your budget and aiming to rebuild at least $500–$1,000 quickly. A small win will fuel your momentum. After that, set up an automatic transfer to continue building your financial cushion throughout the year.
2. Take a Home Inventory
A detailed home inventory helps you stay organized and ensures you’re prepared if you ever need to file an insurance claim. Take photos of your appliances, electronics, furniture, valuables, and family heirlooms. Record their age, condition, value, and any noteworthy details in a simple spreadsheet.
Store this information in a safe place — such as a fireproof safe or a bank safe deposit box.
3. Review Your Homeowner’s Insurance Policy
Your lender-required policy might not fully protect you. As a homeowner, review your coverage carefully to identify gaps, such as:
- Natural disaster exclusions
- Coverage limits that don’t match your property value
- Liability protection levels
- Special coverage needs (jewelry, art, electronics, etc.)
A quick annual review ensures you’re protected from unexpected expenses.
4. Finish Unpacking — Completely
It’s surprisingly easy for “miscellaneous” boxes to linger long after move-in day. This year, commit to sorting everything once and for all. Keep what you truly need, and be honest about donating or tossing items that don’t serve you.
Your home will feel more settled, organized, and truly yours.
5. Plan a Get-Together
One of the best parts of homeownership is building memories with the people you love. Open your calendar and choose a few dates for gatherings throughout the year — a spring dinner party, a Fourth of July cookout, a holiday open house, or a milestone celebration.
Scheduling them now makes them far more likely to happen.
6. Make an Extra Mortgage Payment
Even one additional mortgage payment per year can significantly reduce the interest you pay and help you build equity faster. Set a small amount aside each month so you’re prepared to make one extra payment in December.
Happy New Year! Wishing you joy, comfort, and wonderful new memories in your Ernest home.
