What New Homeowners Need To Know

Written by  //  May 19, 2021  //  Home Improvement  //  Comments Off on What New Homeowners Need To Know

Homeownership is a double-edged sword; on the one hand, it offers you privacy, freedom, and a place to call your own, while on the other, it can be an expensive burden that you constantly have to maintain. Learning what new homeowners need to know will give you the knowledge you need to get the most out of your house in the long run and help you to make decisions in the short term.

Get Ready for Regular Maintenance

The moment you move into your new home, it will start to deteriorate. Whether it be squeaky hinges on doors, shelves that collapsed, paint that’s chipped, or newly formed holes in the wall, you need to be able to fix those problems. While the expertise of a contractor is required to make repairs in some cases, there are plenty of little minor that you need to know how to do yourself.

Have a Toolkit Ready

Know the best tools to have in your toolkit to make repairs easier. Having the right equipment will make the minor fixes you need to perform go smoother without running the risk of causing more damage.

Don’t Wait on Maintenance

Take action the moment you notice that a repair needs to be madeā€”don’t wait for the problem to become worse before you get it fixed! You might feel inclined to sit on repairs after spending untold thousands on purchasing a house, but those minor fixes may snowball into renovation projects if you allow them to deteriorate to the point of disaster.

Keep a Record of the Improvements You’ve Made

Eventually, you may feel the need to make some changes to your home. These renovation projects can become expensive depending on the scope of the changes, but always make sure to keep your receipts after the project is over. Every renovation project you make to your home has the potential to increase the overall value of the house, and keeping a record will make it easier to establish the true value of your home.

Repairing Your Home vs. Improving It

Improvement is not to be confused with repairs; while renovating your home can increase the value, making the necessary repairs doesn’t. Repairs do not add value to your home, but instead, help your home maintain its value. Adding a $50,000 in-ground pool in the backyard can raise your property’s value, but having an already-existing pool in the yard re-tiled won’t necessarily increase your home’s selling price.

Get Used To Spending Money

What new homeowners need to know is that buying a house is a pricey investment, but one that can pay off in the long run with the right care. Spend the money to maintain the current condition of your house and know that whatever expensive renovation or addition you make, you can add that to the sale value. Spending money on your home doesn’t always have to be a financial loss.

image credit: twenty20.com

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