Congratulations on the purchase of your new home! 

Now that you’re all settled in, you’ll soon find out that there is a whole new list of items that you need to take care of as a new homeowner.

To help you we’ve outlined some of the issues that buyers make after closing on their new home.

Too Many Upgrades

You want to make upgrades on your new house, but don’t make the mistake of not considering a project’s return on investment, especially until you’ve had a chance to live in your house and consider the layout and areas that actually need an improvement. 

If you want to know which home improvements are worth the investment, talk to our real estate agents who can take a closer look at your new property and help you make a determination of the areas that will provide you the best return on investment. 

Ignoring “Minor” Maintenance 

Take care of these minor issues as soon as possible, especially if the home is an older one. A dripping faucet, old caulking, or a window crack can spiral into much bigger problems down the road and can be more expensive too!  

We’re happy to refer local contractors in the area if you would like to take care of any maintenance issues and aren’t sure where to start. 

Choosing the Cheapest Repair Option

Many people make the mistake of choosing quantity over quality! But you should not make this mistake on your house. Quality can be quite pricey, but whether it’s picking up a cheap tool set or going with the lowest bid for a service provider, don’t make the mistake of sacrificing quality for cost.

It’s always a good idea to get several quotes from local servicer providers so that you can decide, but make sure to do your research for each of the companies and check their reviews online and verify their credentials and license.

Trying to DIY a Complicated Project

There are many things that you can update and fix yourself, like painting the walls, hanging up shelves and even some landscaping. 

However, if there’s anything that needs to be updated or fixed like plumbing, electricity, or the roof, you will definitely need to hire a professional in order to help you save time and money. 

Not Preparing for the Unexpected

Life can be full of surprises and as a homeowner you must prepare for the unexpected. Things like losing a job, severe weather damage to your property, or a major maintenance problem can become a huge financial burden if you’re not prepared. 

Make sure to have a budget and set aside an emergency fund to pay for minor damages, an unexpected job loss and if any appliances end up breaking or need to be replaced. 

We’re Happy to be a Resource

Movementum Realty has many resources available that can help you avoid many of these homeownership mistakes that can cost you a lot of money in the long run. Just reach out to use and we’ll be able to set you up with one of our agents so that they can better assist you!