The paperwork is signed, the boxes have been unpacked and you’ve finally settled down. Buying your first home is an exciting time in your life, but what’s next? Whether your home has had many owners, or is brand new, here is what to expect throughout your first year of homeownership.
There are many benefits to no longer having a landlord; you can make your own rules and decorate however you want. But, you have more responsibility with things such as mowing the lawn, shoveling the driveway and fixing up things around your living space.
Hope for the best but prepare for the worst. Start an emergency fund for whatever life throws your way. A leaky roof or broken appliance can come when you least expect it. Put some cash aside so you can be ready if you need to make a time-sensitive repair.
Once you move in, you will want to make sure your house is in great shape. Think about changing filters, cleaning gutters, etc. Although some of these expenses add up, going through a list of typical seasonal chores can help you eliminate problems down the road, which can end up costing you big time.
Even if you aren’t a handy person, learning to do it yourself can save you money. Hiring someone to help you fix up your home isn’t always in the budget.
If you bought a home requiring renovation, don’t lose motivation! Keep your list of improvements and stick to it, checking off one task at a time. It might feel like every time you complete a task, you find a new one, but if you plan everything out ahead of time you will save yourself a lot of stress.
This is a fun time to shop for new furniture; some of your old furniture won’t work well in your new home. When you’re shopping, don’t forget to keep your budget in mind.
Homeownership is a great learning experience. Continue to turn your house into the dream home you have always wanted. If you have any questions, feel free to reach out to the Housing Buzz team.