Over 64% of Americans are homeowners, which means many of us are familiar with the responsibilities homeownership comes with.
Maintaining your property is key for protecting your investment and creating a space where you can thrive. But with a list of things to do, it can feel overwhelming knowing where to start, especially as a new homeowner. Perhaps you’re currently struggling with this, and you need advice on the topic.
Hit the nail on the head? Then, you’re in luck. Here are five tips for homeownership to help you.
1. Upgrade Your Appliances
One of the top home upgrades is choosing energy-efficient appliances. It’s wise to contact your utility provider to see how much power your home uses and make the necessary adjustments. Aside from improving your property’s value, you save a fortune on utility bills.
Homeowners should also get your HVAC system services to spot potential problems early on. Although you should hire professionals, you can do minor tasks like regularly cleaning the air filter to prevent dust buildup.
2. Build an Emergency Fund
You can only invest in DIY projects when you have the funds. This means you should dedicate a chunk of your monthly earnings into savings, whether you need to replace a refrigerator water filter (like here) or remodel your kitchen.
3. Hire Qualified Contractors
Not all renovation projects are possible alone, so it’s important to find the right people for the job. If you’re new to plumbing or fixing electronics, hire contractors. Otherwise, you could make matters worse. Spend time finding reputable professionals by asking loved ones for recommendations and reading online reviews for honest feedback.
4. Choose Improvements With the Biggest ROI
You don’t want to spend thousands on home improvements only to find it doesn’t offer a good ROI. To maximize your funds, figure out which projects will boost your property’s resale value. For instance, an updated kitchen, a bathroom remodel, and even an outdoor deck are a great return on investment.
5. Paint the House Before You Move In
Prioritizing home maintenance is key, and that starts with your home’s walls. Before you move into the property, paint the interior and exterior, as you needn’t worry about moving furniture when you’re living inside. Note, choose a neutral color palette as it works with an array of home designs and becomes a good investment.
Further, spend time elevating your outdoor space. Pressure wash the pathway and regularly mow your lawn, so it looks neat. You should also hire professional roofers to check the roof for signs of leaks or broken shingles.
Enjoy These Tips for Homeownership
Now, you know the top tips for homeownership to protect your property and give you peace of mind.
You can do this by upgrading your appliances and hiring qualified contractors for any job, no matter how small. Homeowners should also choose projects with the largest ROI and build an emergency fund for peace of mind. Good luck!