Five First-time Homeowner Tips to Save you Money and Headache

Five First-time Homeowner Tips to Save you Money and Headache

It is a very exciting moment for any new homeowner: the first walk-through after the purchase clears. It has been a long and challenging road that brought you to this point, and right now, all you want to do is relax and enjoy your new home. Believe me, you have earned it; however, there are some things you will want to get started on right away that will help keep your dream fulfilled from turning into a nightmare realized.


1. First and foremost, get out your home-inspection report and give it a good look through. Believe it or not, this report will serve as a great maintenance check list. Many home inspections are performed during a very stressful point in the home buying process, when securing and closing the deal is the only thing on your mind, so you may not have been too concerned at that point. Look for the items that were high on the list of concerns and take care of them immediately. An early fix will be easier and cheaper than a later disaster.
2. Shop and secure your insurance. Make certain you have replacement coverage to cover any property damage. Be certain the policy outlines precisely what will be covered in the event of a disaster. Take video and pictures of all valuable items, and keep a list of serial numbers. Also be sure to log and keep the dates when items are purchases for reimbursement proof.
3. Perform a bit of detective work on your property taxes with homes in your neighborhood similar to yours. In the event that everything is equal as far as square feet or upgrades in multiple listing documents, protest this rate difference with the assessor’s office.
4. Water damage is the biggest culprit when necessary home repairs come to light, and are most susceptible in a home’s roof, basement, and foundation. Take a look at your bathrooms, laundry room, and kitchen regularly for water leaks. A fix could easily be as simple as tightening a loose nut. Preventative measures are as easy as adding calk around doors and windows to discourage water from seeping into your walls.
5. Examine your roof early on in this process. In the event your roof is over twelve years old, hire a professional to avoid any bodily harm or serious damage to your roofline. Loose or corroded shingles can break, and there might not be much to break your fall. In the event that your roof needs replacing, take the time to shop for the most reputable crew with the best prices.
This is a very exciting moment in your life. With a little extra work making sure you are proceeding accordingly, you will save yourself a lot of hassle in the long run. When all else fails, talk to your neighbors. Chances are they have met the same issues you are currently experiencing and will be glad to help you out.

Alan Brady is a passionate blogger who spends his time researching and writing about the economy, recent job market trends and business. He is an online producer for the mortgage attorney expert, attorneys.com

3 Comments

  1. one
    Comment by Nick Carpenter@real estate residual income: Jun 26, 2012 at 9:17 AM

    Great tips for the first time home buyer. For tip #5 its a good idea to get a free roof inspection from a local company.

  2. two
    Comment by Peter: Jul 21, 2012 at 2:56 PM

    These are really great help for first-time home owners. First-time home owners might not know these things in the beginning, until they experience the problems and troubles, and learn from them. Thanks for sharing the information as it can help lot of first-time home owners and even those long-time home owners.

  3. three
    Comment by Peter@water damage Austin TX: Aug 16, 2012 at 11:46 AM

    These are really great tips. I think every first time homeowner should read this article. Thank you for sharing the information and giving those tips. It was a really nice read.

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