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4 mistakes to avoid making during your first year of home ownership

4 mistakes to avoid making during your first year of home ownership

If you’ve just moved into your first home (congrats!), you have a lot of new responsibilities. There are so many things that you need to focus on over the next year (and for the rest of your life). Because so much is involved with home ownership, it can be easy to forget certain aspects and make some property-related mistakes.

Hopefully this will help you better understand what it takes to be a homeowner. Be sure to avoid these mistakes at all costs during your first year of home ownership:

Neglecting to purchase a home warranty

The majority of small fixes can be covered by a home warranty. It’s best to purchase a home warranty at the time of your purchase. Most home warranties cover items like kitchen plumbing, appliances, water heaters, and electrical components. Without a trusted home warranty, you will likely feel overwhelmed and stressed out for the entire first year of living in your new property.

Not planning for the future

Are you expecting to find a new job? Do you think you’ll have kids in the next year? Would you be prepared if you do have children? These are the kinds of questions you need to be asking yourself throughout the year and spend sufficient time preparing for them. You never know exactly what the future will hold, but it’s certainly better to be over prepared than under prepared.

Forgetting about roof repair

One of the most important aspects of having a healthy home is having a durable roof on top of it. If you had your home built, you need to carefully monitor your roof throughout the year to make sure that it was installed properly. A home’s roof generally represents about 40% of the visual exterior of a typical property, and plays an important role in its overall aesthetics. If you moved into an existing home, roof repair and maintenance is even more important. Contact trusted roofing contractors and have them take a look at your home to ensure the safety of your family and avoid costly expenses down the road.

Not saving money

Another major mistake first-time homeowners make is spending like crazy during the first few years of living in their home. You’re going to need money at some point down the line, so it’s best to save as much as you can. Don’t buy items you don’t need, and try and limit the home remodeling projects to smaller ones at first before you go for the big jobs.

Good luck on your first year of homeownership and enjoy the ride! If you are in need of roof repair assistance, contact Richmond Exteriors.

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