1. Calling a repair person with the wrong specialty.
This might not sound like a big deal, but it can actually end up costing you quite a bit of time and money—especially if there are significant household repairs on the line.
2. Blindly hiring contractors.
Speaking of hiring the right person: There are a million ways for home upgrades and repair projects to go wrong, and one of the best ways to avoid this is by making sure whichever contractor you hire has a long list of glowing reviews.
3. Not budgeting for new expenses.
While you might have your mortgage and utility bills under control, there are a lot of other expenses that come with homeownership that you’ll want to plan for as well. This includes any homeowners association fees, homeowners insurance, regular maintenance fees, and even property tax.
4. Ignoring routine maintenance.
One thing a lot of first-time homeowners overlook is the simple fact that they’ll have to do routine maintenance—like, usually something every month. These are things you’ll want to learn about relatively quickly, since putting them off can end up costing you a lot in repairs.
5. Making home improvements too soon.
Once you’ve lived in the home for a few months, and understand how you actually use each space and what you ultimately want from it, you’ll be in a much better position to start spending the big bucks on remodeling and those fancy new furnishings.
6. Not winterizing your home.
Unless you live in Florida, chances are you’ll have some light winterizing to do around your new home before cold weather hits. Whether that means draining pipes of water to avoid freezing temperatures or adding insulation to save on heating.
7. Assuming you and your partner are on the same page.
Becoming a first-time homeowner with someone puts a whole new twist on the relationship, which is why it’s so important to keep good communication throughout the process, and especially in those first few months.
©2021 Madison and Company Properties, LLC. Madison and Company Properties is a registered trademark licensed to Madison and Company Properties, LLC. Locally owned and operated. An equal opportunity company. All information deemed reliable but not guaranteed. If you have a brokerage relationship with another agency, this is not intended as a solicitation. *Source: Realtor®