Momentum Broker Site Blog

You Just Bought a Home


What you should and shouldn't do!
Posted: July 09, 2019 by realistiQ Support

One of the most exciting and stressful times in your life is the moment you get the keys to your first home.  Suddenly you are now responsible for taking care of this new home of yours.  This will give you the chance to learn about the rewards of home ownership and the challenges that come along with it. Try to avoid making some of these mistakes by planning and preparing ahead of time!
Budget properly
Moving is expensive if you are not prepared – most people do not budget for emergency expenses like a leaky roof or a broken furnace. Experts suggest putting away 1 to 3 percent of your home’s purchase price each year for an emergency fund.  Don’t risk being cold in the winter when the furnace dies because you can’t afford to repair it.  Setting aside money each month, or yearly, will help with the worry about what to do when these issues arise. Budgeting is key in order to be prepared for the big move!
Maintenance is key
If you had a home inspection during the home buying process, your home inspector likely pointed out what needs immediate attention. But good home maintenance is not a fix it once and forget about it.  It is a routine. New tasks need to be completed weekly, monthly, yearly, in order to properly maintain your new home.  Typically, many of these are done by season. Cleaning the eavestroughs is a spring and fall issue.  Grass cutting, seeding fertilizing, etc., are spring through fall.  You get the idea. If you are not sure what needs to be done routinely, try speaking to other homeowners or your Realtor for guidance and see what they complete weekly, monthly, yearly, you may find things that need to be done that you never considered!
Don’t Renovate ... just yet anyway
Moving into your new home is an exciting time, and even more exciting thinking about all the changes and renovations you want to do once you move in. Small changes are to be expected, hanging pictures, moving things around, painting, but any major renovations should wait. Try living in your new space before deciding to make any major changes. This will help you figure out what works and what doesn’t work for you in the house. For example, you may want to knock a wall out of the home and open the space.  After living in the home, you may come to realize you don’t need to do that but can focus on other areas of attention like the extra bathroom to ease congestion during busy mornings.
This isn’t the time for more major changes
Becoming a first-time homeowner may be stressful. Try not to take on any other major life challenges if possible until you have settled in and become accustomed to home ownership. If possible, avoid adding extra stress like getting married or having a baby until you understand how the move will affect other aspects of your time. Before you make another major life change, take some time and enjoy what you have just accomplished.  For lack of a better word stop and smell the roses.
Just remember that this is supposed to be an exciting time for you and your family.  Don’t burden yourself with things that can be done over time but don’t forget that this is an investment and you need to do the right things to protect it.  If you have any questions, feel free to contact any one of our professional sales team for guidance or assistance.

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