How Much Does It Cost to Furnish Your First Home?

A 2-bedroom apartment typically costs $8,500–$18,000 at budget level, $15,000–$28,000 mid-range, and $28,000–$55,000 for a premium finish. The biggest variables are whether you need appliances and your choice of sofa and mattress.

Aim to save at least $10,000–$15,000 before moving in if you're starting from scratch. You don't need to buy everything at once — prioritise your bedroom, living room, and kitchen first.

Spreading purchases over 6–12 months is often cheaper. You can take advantage of sales (Black Friday, Memorial Day, Labor Day), avoid impulse buys, and only purchase what you actually need once you've lived in the space. Give a chance to refurbished items, especially refurbished appliances as you can save on things that do work and have a warranty, limited warranty but still some warranty

Look out for deals on quality furniture! They last longer, have better materials, timeless design, offer better comfort and ergonomics. Spreading purchases help uncover deals on quality furniture so you can very well end up spending the same or less money than someone in IKEA but for unique, timeless and longer lasting pieces. You can splurge on the most visible and important items (sofa, armchairs, bed) and mix them with IKEA basics and secondhand finds from Facebook Marketplace and thrift stores. Focus budget on your mattress and sofa. Avoid buying décor items new — these are almost always available secondhand for a fraction of retail price.

MyNewHome is the only place where you can sort by discount % and effectively, in one place, see the most discounted products across multiple retailers for items you need and want. We created this tool because when we were furnishing our first home, se found that it was so overwhelming, time-consuming and stressful to scroll so many merchant websites to find deals or just good furniture at good prices.

Usually not. Appliances ($2,500–$9,000 for a mid-range set) are often budgeted separately. Our calculator lets you choose whether to include them in your estimate.