You have the money; you have the motivation, you have the opportunity. The universe has, more or less, conspired in your favor to make your dream of owning your first house come true. Still, there are many things that you should hold for consideration before taking the big step. Little details like knowing the house’s characteristics and what kind of insurance you should hire can make your life a lot easier when you first arrive at your new home.
And if you’ve already moved in, there is a lot to be said about how to keep your house in good shape and what types of permits you need if you’re thinking about remodeling. All of this can make a huge difference and help you live more comfortable, while also helping you save thousands of dollars. It can also give you an idea of how much you can increase your home’s value in the future. We hope some of these tips will make this new period of your life a lot less stressing and much more promising!
Get the Right Home Insurance
Whether you’re the owner or you’re just renting, you should always hire home insurance to protect your property, furniture and other goods against liability for accidents that could damage them or injure your family. You really shouldn’t underestimate how important this can be. A new home is a huge investment, so before remodeling or thinking about decorating, think about how to keep it protected.
To make sure you’re choosing the right insurance, take into account the structure of your house, your living expenses, and your belongings. That way, if you have to leave due to, for example, a natural catastrophe, you’ll be able to relocate while rebuilding your house and replacing everything that you might have lost. Make sure that your policy explicitly states that your home is covered by replacement-value insurance, including at least some of the rebuilding expenses.
Keep an inventory of everything you own, this way you can prove the existence of your belongings when filing a claim. Take into account the deductibles, which is the amount of money you’ll have to pay in each claim. The more you have to pay, the cheaper the insurance is. Read the policies very carefully and ask for discounts. This way, nothing will take you by surprise and you’ll be prepared to face any eventuality!
Know Your House by Heart
Before buying a house, the best thing you can do is know the property you’re interested in and consider how well it fits your needs. Do you prefer a larger space or a neighborhood with proximity to restaurants and other services? Is your house located near a school district? Do you know where your lands truly end and where you can build? You can’t always trust your seller with these issues, so you should take the matter into your own hands and do some research on your own. If, after closer inspection, you discover flaws in the property that haven’t been noticed before, you can use them to your advantage when negotiating a better price.
Once you’re ready to start your new life, get to know your house and find where everything is located. For example, be sure to search for the main water shutoff valve, in case a pipe breaks one day, and you don’t know how to stop the water from flooding every room.
Call 811 before digging a hole to plant bushes or build a fence. This way, your local utilities will come to mark the location of underground wires, pipes, and cables and you’ll be safe to go and change your garden as you please. The same can be said about drilling holes in the walls; you don’t know what is hiding behind them. To stay out of the way of wires and plumbing pipes until you know where they are, drill only 1 1/4 inches deep.
Remodeling and Permits
If you’re all for the do-it-yourself kind of work, you can save a lot of money and renovate many parts of your house. However, there are details that you should cover before getting to work. For example, you might need a special permit from local authorities to make changes in your property.
You will need to check personally which ones you need, because every city and county have different requirements. Usually, you’ll have to get permits for works that have to do with plumbing, electricity or natural gas; as well as works that could risk public and personal safety. Demolishing a wall, changing a house roofline, installing any new electrical circuits and building decks over a certain height are all examples of things that you won’t be allowed to do if you don’t have a permit. Be sure to give a phone call to your local permitting office to make sure you meet all the requirements.
Keep It in Good Shape!
Never forget that your house works similar to a living organism. It will need maintenance to make sure that all of its systems are doing their job properly. Checking that everything is working alright won’t keep trouble out of your door, but fixing a big problem will always cost you more money than preventing and attack a little one.
Do not ignore the little leaks in your walls and check the HVAC filters every once in a while. Have a handy plunger and learn how to use it, make sure your alarms are working and do not overcharge electrical circuits with too many appliances. Keep the kitchen sink disposal clean and vacuum your refrigerator coils. Clean regularly and have your plumbing pipes checked, as well as your furnace and fireplace.
Checking all of these little details doesn’t really take too much time and can even save your life. At Intercorp Mortgage Solutions, we believe that prevention is the best way to live a stressless life and we’re working every day to make the process of buying a new house easier and simpler. Follow us on our social media and become an experienced homeowner!
Intercorp Mortgage Solutions
Phone Number: (305) 517-5633