5 Essential Tips for New Homeowners
Congratulations, you’re a homeowner! But the work doesn’t stop there. Owning a home can be one of the biggest financial investments of your life - and it’s essential to take care of your investment. From getting to know your neighborhood to minding your taxes, here are five essential tips for new homeowners.
Get to Know Your Neighborhood
A new home often means a new community. It’s essential to make an effort to meet your next-door neighbors and familiarize yourself with the neighborhood. Establishing a relationship with your neighbors goes a long way when turning your new house into a home. And familiarizing yourself with your new neighborhood makes you feel more comfortable with your move.
Mind Your Taxes
As a new homeowner, you can take advantage of several tax breaks and financial benefits. According to the Internal Revenue Service (IRS), there are several deductions homeowners can make, including mortgage insurance premiums and home mortgage interest. For more information, you should consult your accountant.
On the other hand, you should be prepared to pay property taxes. The amount of tax is unique to your county’s tax rates and the assessed value of your home. So when you’re budgeting for your new home, make sure to include property taxes.
Deep Clean Before Moving In
A new home means a fresh start, so make sure to clean before moving in. Obvious cleaning includes mopping floors, cleaning surfaces, and washing windows but don’t forget to clean behind toilets, change air filters, and flush air ducts. And don’t forget - there’s no shame in hiring professional cleaners who can get the job done!
Make Home Improvements Count
While you’re planning out your list of home improvements, don’t forget to make them count! Make sure you’re getting some return on your investment by making improvements that add value to your home. Examples of projects with a high return on investment include updated kitchens, bathroom remodels, and energy-efficient features.
Take Your Time
Remember, slow and steady wins the race. Take your time while growing into your home. Pace out your home improvement project. It’ll not only save you money but stress as well. Don’t rush exploring your neighborhood. Make it an adventure instead. As I mentioned before, owning a home is a significant investment, and it’s important that you enjoy it!
