9 tips that all the new homeowners

9 Tips That All New Homeowners Need in 2022

Ian Mutuli
Updated on

Only a few things are as thrilling as transitioning from a renter to a first-time homeowner. Being caught up in the enthusiasm is nice. Nevertheless, some first-time homebuyers lose their cool and commit errors that could endanger everything they have fought hard to achieve. Thus, note the following nine tips and save time, money, and effort in the long run as a new homeowner.

1. Make a home maintenance list 

It is rightly said that a pound of cure is worth an ounce of prevention. This saying applies to other aspects of life and home maintenance. Consider making a list of what you should be doing every month compared to every three months. Take this step after being familiar with the maintenance jobs you should be carrying out to keep your home functioning properly. You'll be better off if you realize what needs to be done as soon as possible. Maintaining these things will lessen wear and tear and the possibility of minor issues becoming significant troubles.

2. Distinguish expensive and affordable home projects 

Everyone wants to make a new house of their own. This ownership means replacing any temporary apartment furniture with more useful items. But don't go on a frenzy spending spree to make all the improvements at once. Staying in your first home is just as important as buying one, so even if solid maple kitchen cabinets are pretty, they aren't worth risking your new status as a homeowner. Give yourself time to rebuild your savings and acclimate to the costs of home ownership. However, if you want to take on a new bathroom or bedroom remodelling make sure you choose the affordable ones.

3. Don’t avoid ignoring vital maintenance

Making repairs is one of the few tasks that come with homeownership. If you have to fix a leaking roof or a clogged toilet, there is an immediate need to do it. So, don’t keep it hanging! While you should be prudent when spending money on non-essentials, you should not ignore any issue that could endanger your safety or worsen over time. A tiny issue might grow into a much bigger and more expensive one if it gets delayed.

4. Discover how to spot potential problems in your new home

Finding minor concerns before they grow into major ones is one of the finest pieces of advice for homeowners regarding upkeep. After buying your home, spend some time learning about some typical problems residences have. Consider examining the house, especially if you shifted to an older property or one that has been vacant for a while. Early detection of a possible issue may result in financial savings down the road.

5. Call experienced contractors 

Avoid trying to cut costs by performing repairs and enhancements that you are ill-equipped to handle. This step might appear to contradict the previous statement slightly, but it doesn't! Your house serves as both a location for habitation and an investment. You should treat it with the same level of care and consideration as you would anything else you hold in high regard.

Image source: constructionkenyashowcase.com

6. Launch a house emergency fund

It's impossible to predict when or how much anything will cost to go wrong. An excellent piece of advice for homeowners is to open an emergency savings account as soon as feasible. You are more likely to suffer an unforeseen roofing, heating, or plumbing problem the longer you dwell in your house. Start saving early to lessen some of the stress of being a regular homeowner.

7. Be conscious of your energy use

You must pay your utility bills if you own a home. Pay attention to how your house uses energy and apply the knowledge to save money and the environment. It's amazing how little adjustments can greatly impact your electricity bill.

Tips from homeowners for lowering energy costs:

  • Set the thermostat on your water heater to a certain degree.
  • Plan a home energy assessment.
  • Place your oven away from your refrigerator.
  • Replace your light bulbs with LEDs to save energy.

8. Put together a homeowner’s binder

Possibly you must have observed how much paperwork comes with home ownership. Make a binder for critical papers, like mortgage and insurance documentation, before you move into your new house. Use the same binder to keep all your new appliance manuals and warranties after you move in. Keep any receipts for relocation and home improvement costs in this location too. Also, keep these around for your tax purposes. This binder is the right place to start assembling the contact details of reputable contractors.

9. Get insured 

Home insurance is the most vital but least bought type of insurance available today. Remember, a person's highest expenditure in his lifetime is the cost of a home. Purchasing that protection is even more crucial in light of the numerous hazards that a home insurance policy covers. A home insurance coverage policy offers security for damaged homes, house repair costs, stolen stuff, and more. Weather hazards and sudden house repairs are two erratic occurrences that are impossible to forecast. A home insurance policy can cover you at your worst.

The final takeaway 

Owning your own house comes with a lot of freedom but also a lot of responsibility. Secure your investment and ensure the safety of your family. To do so, it would be beneficial to manage your funds effectively enough to keep the house and keep it in good condition. Do not let the thrill of buying your first house cause you to make poor choices or forget important details that could endanger your financial or physical security.

Ian Mutuli

About the author

Ian Mutuli

Founder and Managing Editor of Archute. He is also a graduate architect from The University of Nairobi, Kenya.