There’s not much excitement quite like that of purchasing your first home!
Picking up those keys and signing on the dotted lines brings a whole new spectrum of challenges, and this is your opportunity to stay organized and plan for the future while you make the house your home. Here are eight great tips, whether you’re buying for the first time or the 10th.
Familiarize yourself with your house
The home inspector who checked out your home during the buying process can be a big help here by pointing out crucial components. You always want to know where the main water and gas valves are located so you can shut either down in the event of an emergency. Learn the location of your AC drain line and air filter, and change it in on a regular schedule.
Start an emergency fund
Unexpected costs can develop at any time, and having a plan and a budget for them will reduce the stress and worry of being blindsided when the unforeseen occurs. And when household mishap does strike, you’ll be ready!
Keep a list of home care and maintenance professionals
At some point you may need home care and maintenance professionals for routine service or upgrades! Check out my recommended list for trusted vendors such as plumbers, electricians, pest control, and tradesmen….https://www.cardiff.realtor/about/the-group/
Get familiar with your homeowner’s insurance policy
Check in with your insurance agent. The more information you can give them, the better coverage they can give you. And the more you learn from your agent, the more you’ll understand the protection that insurance offers. You’ll thank yourself later if you need to rely on that coverage.
Create a seasonal maintenance plan
Some maintenance, like lubrication of the garage door springs and cleaning the gutters before rainy season can be done yourself. Other jobs you may enlist a pro. HVAC should be inspected every spring, chimneys need to be swept once per year, and pest control pros should come in during the correct season for pests in your area.
Create an upgrade wish list
Maybe you will hold off on the big projects while you unbox. Give yourself time to live in your new space and decide on what works for you now and what is a must have. Prioritize your projects and start saving money for the work. Don’t forget to think about the potential return on investment when selecting your improvements!
Check the ages of your major appliances
Most appliance warranties don’t transfer to new homeowners, so you’ll be on your own if anything breaks down. Different appliances have varying lifespans.
For instance, your average dishwasher, microwave and refrigerator last around nine years. It’s a good time to ask your Realtor if a home warranty may be something to consider. Plan ahead and be prepared for potential breakdowns.
Create a homeowner’s file
Store all your important documents like a copy of your mortgage, home owners insurance paperwork, title insurance policy and any appliance warranties in one place. I like a three ring binder! Keep a dated list and copies of receipts of your home improvements for potential tax benefits and resale purposes.
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