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3 Tips for New Homeowners

By
Education & Training with Interurban Properties

Buying a new home is exciting, but it can also be a little overwhelming. If you've recently bought a house or are thinking of buying soon, here are a few new homeowner tips.

1. Set aside an emergency fund

If you didn't know already, homeownership comes with plenty of maintenance. From little things like replacing an outlet or painting a wall, to big things like replacing your HVAC or the roof, the costs add up.

A typical rule of thumb is you should be setting aside approximately 1% of the home value each year for maintenance. So for a $300,000 house that would be $3,000 per year.

You may spend less on a normal year, and more some years when you have a big item to replace.

2. Don't change everything at once

When you first move in, you might have big ideas of all the changes you'll make - a feature wall in the dining room, or completely renovating the kitchen.

Make a plan for the projects you want to accomplish, but don't make the mistake of starting them all at once. Sometimes it's good to live in the house for awhile to really get a feel for the changes that would best fit your lifestyle.

3. Start compiling a list of trusted contractors

Having a go-to list of contractors is great for reducing stress when an issue comes up.

Asking your new neighbors for referrals is one of the best ways to find qualified and trustworthy contractors.

For starters, you probably need a good handyman, electrician, emergency plumber, and an HVAC repair company.

Comments (2)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Andrew and great tips for new home buyers to share with them and us here in the Rain.

Jun 24, 2021 08:56 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Andrew, and don't forget to do homeowner maintenance every season to maintain your investment.

Jun 24, 2021 11:40 AM