What first-time buyers say they weren't prepared for after moving in
First-time homebuyers are finding the process more nerve-racking than many of life’s other milestones, according to a new survey from Nationwide. The poll shows that 71% of respondents considered purchasing their first home more stressful than landing their first job. More than half also ranked it above planning a wedding or finding a long-term partner.
Affordability struggles for first-time buyers have risen sharply in recent years as bidding wars, an acute inventory shortage, eyewatering home prices and rising interest rates squeezed that buyer cohort out of the market.
More stress, steep learning curve
Nationwide’s survey revealed that the top challenges for new buyers included understanding the full scope of the buying process (48%), finding trusted resources (48%), securing affordable home insurance (47%), and managing unexpected costs and fees (47%).
Many respondents said they made compromises to afford their property, such as commuting farther (32%), choosing a less preferred location (31%), buying a home with fewer amenities (28%), or accepting a property that needed major repairs (27%). One in three reported that homeownership fundamentally changed how they spend their time and money.
Motivations and surprises
For some, the decision to buy was driven by finding a home in a preferred area (36%), starting or growing a family (35%), or escaping rising rent (28%). Nearly 90% said owning a home made them feel more like an adult, but two-thirds quickly learned the realities of “unexpected repairs.”
When asked what warning label should have come with their home, 28% said “there’s always a hidden cost lurking,” another 28% cited “the internet will suddenly become your best friend for ‘how-to’ videos,” and 27% said “your weekends are now dedicated to yard work and home improvement.”
Redefining success
Despite the stress, more than 80% reported that buying a home increased their sense of control and financial confidence. While 8 in 10 still consider it a key life achievement, over half said they now define success differently – focusing on living within their means, saving for retirement, and achieving independence rather than just paying off a mortgage.
“First-time buyers aren’t just looking for a place to live; they’re building the foundation of their financial future,” said Casey Kempton, president of P&C Personal Lines at Nationwide.
Looking for long-term stability
Nationwide found that nearly two-thirds (63%) view their first home as their “forever home.” The survey underscores that beyond the purchase, homeowners are seeking reliable insurance coverage, practical tools, and guidance to reduce stress and protect their investment.
The survey was conducted online by Edelman Data and Intelligence from Jan. 17–28, 2025, among 1,009 US adults who purchased their first home in the past year.
What do you think could be considered the most stressful part of homebuying experience? Share your insights in the comments below.
