Costly Mistakes to Avoid After You Buy Your First Home
Dated: March 20 2018
You’re smart. You’re doing your research about home buying and homeownership (like you are right now!), so you feel like you’re prepared to avoid common home buying pitfalls. But you’ll soon find that once you’ve moved in, there is a whole new list of common problems that plague unwary first-time homeowners.
To help you make the best buying and ownership decisions possible, we’ve outlined some of the biggest blunders that first-time buyers make after closing on their home.
Investing in Too Many Upgrades
Not every home improvement project is worth the money or effort. Many first-time homeowners make the mistake of not considering a project’s return on investment, at least until it’s time to sell the house down the road.
If you want to know which home improvements are worth the investment, talk with a real estate agent or get a market report for your neighborhood.
Ignoring “Minor” Maintenance Issues
As your home ages, seemingly minor issues may arise. But be careful: A dripping faucet, crumbling caulk, or slanting floors could spiral into much bigger headaches if you don’t take care of them quickly.
To avoid shelling out hundreds or even thousands of dollars down the road, tackle these maintenance issues as soon as you can.
Choosing the Cheapest Repair Option
Quality comes at a price, especially when it comes to making repairs. Whether it’s picking up a cheap tool set or going with the lowest bid for a service provider, many first-time homeowners make the mistake of sacrificing quality for cost.
Trying to DIY a Complicated Project
Some things can be done yourself. Think painting, hanging up shelves, or sprucing up the front entry.
But when it comes to stuff like plumbing, electricity, or structural engineering, think again. Hiring a professional will save you time and money — and keep you from starting a project you don’t know how to finish.
Not Preparing for the Unexpected
A sudden job change, severe weather damage, or major maintenance problems can throw a wrench in your plans. Be sure that you budget accordingly for unexpected expenses as a homeowner.
I’m Happy to be a Resource
As a local real estate expert, I have a wealth of information that can help you avoid many of these first-time home buying and homeownership mistakes.
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Move Okanagan Real Estate
Annette has been in Real Estate since 1994. Her determination to uphold a tradition of trust, integrity, and expertise has earned her a long list of satisfied clients who recommend her at every opp....