Everyone, please stop by my house.
You really need to clean your house.
Home is where the heart is. And the food.
The kanji and the word are exactly the same. That means they share meanings as well.
Since this word is made up of a single kanji, it should use the kun'yomi reading. When learning the kanji, you didn't learn that reading, so here's a mnemonic to help you with this word:
You visit your friend's home. However, this home isn't any normal home. They live at the video game company EA (いえ). Imagine yourself going to your friend's home from school every day. You go to EA, settle in, and play some video games. What a great home that would be to visit.
There's another reading as well, though, and it's うち. This reading is used for your own home. For someone else's home you'd use いえ, though.