The responsibility of being a homeowner never ends; there are always maintenance tasks to tackle and projects to plan. Whether you’ve just purchased your first house or you’ve been taking care of your investment for years, these tips for new homeowners will help you protect your property and preserve its value.

Tips for New Homeowners

The upkeep and maintenance requirements of your property will change with time and throughout the lifespan of your real estate investment. Being well prepared to handle these tasks is key to maintaining your property value and keeping the home attractive and comfortable.

1. Take Notes

It’s helpful to keep track of important information about your property. Make sure you are aware of the locations of the water and gas shut-offs, the breaker panel, attic access, and outside spigots. Keep insurance information for the home and warranty documentation for appliances in a safe location. Make files to keep track of instruction manuals, home improvement receipts, and contracts.

Introduce yourself to the neighbors, if you haven’t done so already. Aside from being a common courtesy, it’s also an opportunity to discuss your home and neighborhood. Maybe they are aware of quirks about the property from the previous homeowners who lived there. Your new neighbors can help you learn more about the area and introduce you to people in the community.

2. Create a Budget

As a homeowner, it’s smart to create a budget and stick to it. Learn about the cost of your property taxes and put aside money so you are prepared to pay them.

Learn about the tax breaks and credits that may be available to you as a homeowner, consulting tax professionals whenever necessary. Any tips for homeowners that can save you money are always worth looking into.

Create an emergency fund. If the roof of your home begins to leak, or the compressor goes out in your air conditioner, you’ll be glad that you prepared financially for unexpected situations. Broken appliances or a malfunctioning furnace are things to repair or replace as soon as possible to avoid any inconveniences. Save a fixed amount or percentage of each paycheck to gradually build up your emergency fund.

3. Tips for New Homeowners: Prioritize Your Projects

Once you start a home improvement project, it can become surprisingly addictive, and you’ll find yourself planning what you want to do next. But one of the most fundamental tips for homeowners is to prioritize these projects by need versus want.

If the roof is missing shingles or the siding of the home has sustained damage from a storm, make repairs before you invest in new countertops. If a portion of the gutter has detached, address that issue as soon as possible so that water running down the side of your home doesn’t damage other structural components. Always prioritize projects that will prevent major problems and keep your home safe and comfortable.

GeeGuy’s Inspection Service offers inspections in the BC Central Interior. If you’re buying a home, contact us to request our services.