12 Tips for New Homeowners

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Phil Puccio

Being a new homeowner comes with a lot of questions. Below are tips for new homeowners that even seasoned homeowners should remember to both avoid unfortunate events and take advantage of all possible cost savings.

1. Have an emergency budget. This is the most important thing for any adult or homeowner. Emergencies can arise and when they do you need a safe, accessible source of money, such as a cash desk. B. a savings account. In times of need, credit cards can easily start a debt cycle – a trend that has devastated many Americans. Avoid this by adding a small amount to your savings account every month or with every paycheck.

2. Know your homeowner’s insurance policy and fill in the loopholes. You probably already have home insurance, which is usually required in the mortgage contract, to buy your home. However, remember to regularly review your insurance needs and fill in the insurance gaps, especially for Storms, floods, and dog bites (if you own or will own a dog.) the National flood insurance program Website can help you assess your flood risk and decide whether or not you need flood insurance.

3. Benefit from discounts on home insurance. The two most common discounts are for bundling insurance packages such as car and home and for installing protective devices such as smoke alarms, security systems and automatic sprinklers, etc. Some companies offer a discount on a newly purchased or newly built home. If your home has recently been renovated with improvements such as upgrading the old wiring, you may also be eligible for a discount or a reduction on your premium.

4. Use your tax advantages! There are many tax benefits that a new homeowner brings, and some can lower your energy bills as well. For example, when it comes to purchasing Energy Star appliances, the government has offered up to 30% of the cost of a new appliance in federal tax credits. You can also deduct mortgage interest and property taxes from your federal income tax return.

5. Set up payment plan utilities. You may want to sign up for a utility payment plan, which means the company will estimate your annual costs and then break them down into twelve equal payments. Reducing fluctuations in costs can help you plan better and reduce the stress of a tight budget during this transition period. Some companies also automate online payments, which reduces the possibility of late fees. Going “paperless” with utility e-bills and paying your bills online can save you money too.

6. Get to know your home. Check all toilets, sinks, and undercounter installations for leaks. Tape the date tape over the cracks so you know there is a problem with the foundation if cracks appear on the edges of the tape. For example, if you plan to install a fence, use a location service to create a map of the location of your water and power lines. Open your control box and label your breakers.

7. Know your devices. Consult all available operating instructions for your devices and check them for maintenance instructions and special features. Know how old your devices are and when they are likely to need replacement. Since a new oven can cost up to $ 5,000, it’s good to know in advance when these costs will be incurred.

8. Make inspections a habit. Scheduling annual inspections can mean the difference between a quick fix and a costly disaster. Be sure to have your roof checked by a professional roofer. Look for issues like rodent or termite infestation and mold growth, which can cause costly damage and are not covered by many insurance policies.

9. Know when to buy in bulk. This is one of the perks of having a homeowner with storage space. You won’t want to run to a hardware store every time you need to buy an air filter, but replacing filters is important to your energy bill. Buy in bulk so that replacing things like lightbulbs, air and water filters is less of a hassle. Buying in large quantities is also often cheaper.

10. Repaint walls and / or repaint floors. When you are sure of your decision, take advantage of the space to repaint or redesign the furniture before moving in. But do not rush and do not spend money that you do not have. Maybe it takes time to decide on a decor, and you might even decide that you like things the way they are!

11. Think about the landscaping. Planting trees for shade near your home can lower the indoor temperature during the warmer months and also lower your energy bills. Shade trees also protect your home from sun damage, which is one of the reasons roofs need to be replaced. You should also make sure that there are no large branches leaning dangerously close to your house that could endanger the facade of your house in a storm.

12. Examine your home for excessive energy loss (and costs). If you have an unfinished attic, check that it is at least 6 inches thick in all areas. Make sure your home is airtight by striping off the weather and caulking. This will help reduce drafts and heat losses, which can cost you particularly in the winter months. Check your water heater and pipes, especially the one next to the water heater, to see if they are heated properly. If not, you can easily wrap the pipes with insulation or use a warm water blanket to trap the heat. Improperly insulated pipe can cause you to lose 2 to 4 ° F in the first few meters the water travels. Well-insulated pipes also help get hot water to you faster.

It takes a trained eye to spot any weak spots in a house that can cause you to waste energy on expensive inefficient heating and cooling. Careful planning, research, and discussions with experts will help reduce the stress and frustration of being a first-time owner. If you are interested in energy efficient improvements to your home, e.g. If you live in the Port Charlotte, Florida area our experts can help weatherproof your home resulting in energy savings that will save you money. Just contact us today! Phone: 941-889-9085

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Original Source: https://allweathertite.com/2018/04/tips-new-homeowners/
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