Helpful Tips for New Homeowners
Once you’ve closed on your home and are settling into your new living space, there are a few items to attend to. This to-do list will help you get started on the right path to responsible homeownership.
Keep Documents Organized
There are likely several systems and appliances already installed in your home. Whether they’re gas or electric, they will have manuals with instructions for safe operation and maintenance. Review the information in these manuals and store them together in a safe place so you can easily access them if you have any questions or concerns.
Invest in a Basic Toolkit
You will encounter issues with your home throughout your time living there. Have tools on hand to tackle issues that you are confident and capable of handling yourself. Buy a toolset that includes high-quality screwdrivers, a hammer, and wrenches. Pick up a drill with a full set of drill bits, a level, and a tape measure. Allen wrenches are also a good investment for working on appliances.
Make a Budget
With careful planning and by choosing projects and home improvements wisely, you’ll boost the value of your property. Be prepared to spend money on home maintenance to keep the household running efficiently. This requires a budget. Make a plan to put a portion of your income aside into a home maintenance fund. You will be prepared for unexpected minor repair costs and may also be able to pay upfront for costly emergencies.
Tips for Homeowners: Get to Know Your New Neighbors
After you get settled in, reach out to meet your neighbors. A good relationship with people in your community is invaluable. They can recommend a reliable handyman, plumber, and landscaper. If you’ve moved to an entirely new area, your neighbor might show you around town or point you to their favorite restaurants. It’s always good to have a network of trusted resources within your community.
Prepare for Paying Property Taxes
If your property taxes are expensive, being caught off guard can be a huge blow to your budget. When you purchase a home, some mortgage lenders include property tax as part of the monthly payment. If yours does not, start a savings account so you’re able to pay your taxes when they’re due.
Tips for New Homeowners: Become More Energy-Efficient
Save money on your power bills by making the home more energy-efficient. If you’re not sure where to start, order a home energy audit to pinpoint your home’s weaknesses. You’ll learn about areas where you can improve. Resolve issues such as inadequate insulation and problems with the HVAC system to save money and add value to your home.