Homeownership

Have you ever wished homeownership came with a user’s manual? There’s only so much you can prepare for, whether you’re buying your starter home, forever home - or something in between. It’s all too common to face unexpected expenses, including ongoing maintenance of your property with hidden added costs. In a new survey conducted in collaboration with OnePoll, TruGreen found that nearly half of homeowners invested more money in their home during the first year of homeownership than they expected. Here are the top three lessons they have learned.

1. Home maintenance is crucial - and will cost you

No matter what type of home you buy - from fixer-uppers to move-in ready - you should expect some repairs and replacements, plus routine maintenance. While this will vary depending on your home’s age, size and condition, rest assured that most homes require regular care to help prevent long-term damage. So, how much maintenance is required when you purchase a home? In the survey, homeowners’ top expenses during their first year as a homeowner were appliance replacements, exterior repairs such as windows and major repairs like roofing. Furthermore, when prioritizing maintenance, homeowners mainly focused on their home’s exterior, such as patios and their yard or lawn. Ensuring you have the means to handle unanticipated repairs and routine maintenance before you buy will help prevent financial stress down the road.

2. Investing in your property to create a home

When you first move into your new house, don’t get discouraged if you don’t initially feel like you’re really “home.” The homeowners surveyed spent an average of two and a half years upgrading their homes before they were pleased with it. Despite the time and money they invested in the property - or perhaps because of it - nearly 71% of homeowners said they now feel like they’ve found their forever home. Your house is more than just a place to call home, it’s also an investment. And if it’s managed properly, your home can also provide a great return on investment.

3. There will always be surprises - so don’t be afraid to call a pro

Even the most prepared homebuyer will encounter surprise expenses after signing on the dotted line. According to the survey, the average homeowner has encountered about four surprises or unexpected costs within their first year of homeownership. Handing maintenance or improvement projects to the pros can be a smart move to ensure the job will be done well. It can prevent future problems and save time you’d rather spend enjoying your home. For example, hiring a professional service to handle your lawn care can allow for more free time to actually enjoy your outdoor space, while giving you a sense of pride in how great it looks.

Graduation season is quickly approaching!

If you are considering graduating to a new home, I am your gal!

The market has continued to shift over the last several months! To learn more, feel free to reach out to me with any questions you may have about buying or selling Connect with me today for exceptional service and knowledgeable guidance towards finding your dream home!

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