If you’ve just purchased your first house, congratulations. Buying a property is the biggest investment most people will make. It’s important to protect your investment and maintain its value. You’ll also want to personalize the house to make it your own. Here are a few tips for first-time homeowners.
Tips for First-Time Homeowners
Change the Locks
Unless you bought a newly built house, knowing who might have a spare key to your home is impossible. Perhaps the former owners gave the nanny, relatives, petsitter, or plumber a key to the house. For your first project, change the locks.
Update the locks and deadbolts on all entryway doors to improve home security. Alternatively, install smart locks. These locks use modern technology to secure your home. You can open the door with a key code or an app on your smartphone.
When you buy a home, there will be paperwork involved for the closing. Keep documents related to the property in a safe location. Over time, you’ll have more to keep up with, so designate a space to store everything for future reference.
Use a filing cabinet or a system of folders to keep mortgage documents, homeowners insurance information, receipts for contractor work, and household appliance warranties and instruction manuals. Store everything in the same place, and you’ll know where to look when you need information about your home.
Start a Home Maintenance Savings Account
To be a good homeowner, set aside money every month to save for upkeep and repairs. By funding a bank account for emergencies, you’ll be better equipped to handle unexpected expenses that come your way. You’ll be prepared if the water heater goes out or when you need to rebuild the backyard deck. A savings account will give you peace of mind and help you feel confident you can care for your property.
Tips for First-Time Homeowners: Get to Know Your Neighbors
After you’ve moved into a new neighborhood, getting to know your neighbors is wise. Your neighbors can offer recommendations when you need a plumber, carpenter, or roofer. The people in your new community know the area and will be able to suggest restaurants, medical providers, and other local amenities. Being on good terms with your neighbors is also helpful, as they can monitor your property when you’re on vacation.
Becoming a homeowner is an exciting step. Take care of your property to maintain its value and keep your home safe.