Your home, or soon to be home, is going to be the biggest investment you can make in your life outside of getting married and having kids. Owning a home is a massive investment, not just in money, but in time as well. What you need to know is an extensive list of knowledge that has been tried and true methods from people who were once in the same position as you, and pass it on for the benefit of helping keep new and potential homeowners from feeling the same stress.
This guide is for anyone who’s about to be a proud owner and the new ones. Whether you’re buying a home for yourself, your family, or you’re using it as a rental property to make some extra money, the tips here will be invaluable moving forward, so you can enjoy that house to the fullest. The point of owning your house is to do just that – enjoy it. You can’t expect to turn it into a home if you’re constantly stressed about the state it’s in, costs, and other design concerns.
Using this guide will help you figure out some of the tricky issues you’ll come across. As mentioned, homeowner knowledge is a lot of common sense, a lot of passed down information, and a lot of trial and error. Hopefully, this information feels more like applicable knowledge, rather than trial and error. From the structure of your home, to the wiring and guts of the whole operation, the interior design, to the costs and planning of the home buying process, this guide will try to cover as much as possible, while still allowing you to be flexible in your own home owning process.
Without further ado, here’s the ultimate guide for new or potential homeowners:
- Financing a Home
Make sure you have a plan! This can’t be stressed enough as many people who have recently bought a home or are planning on buying a home don’t consider the significance of the cost of it. There’s no standard way to buy a home, and you shouldn’t let anyone tell you that your way is the wrong way (unless it’s illegal), as long as you can afford the home you’re buying or have bought.
Making a plan to finance, rent, mortgage, or buy a home is the best way to keep your head above water right from the very start. As stated earlier, this is one of the biggest milestone moments in your life. Make sure it isn’t ruined by any nagging feelings of uncertainty when it comes to your finances. The best way to do this is to create a budget plan and consult with a realtor on the house you want to buy. If you’ve already purchased a house, it doesn’t hurt to consult with a financial advisor to come up with a plan for spending, savings, investments, etc. so that you’re not living paycheck to paycheck.
It’s also advisable to live within your means for a while, so you can focus on any finances that the house will require. This is your living space, and any repairs that need to be done will take precedence over most things.
- Renovation and Remodeling
What a great way to end the first point as the next topic is on renovation and remodeling. Having the money to buy a house is one thing, but having enough to keep your house in great condition is another. It’s also good to know what the differences are between renovation and remodeling.
Renovation is the act of restoring or repairing something, so it remains in the same structural form. Remodeling is changing something, so it looks new. An example would be a renovation to a bathroom would be fixing cracked tiles, while a remodel would be to change the flooring to another material. Getting these two distinctions mixed up is the difference in thousands of dollars. If you bought a house that needs remodeling, you might have gotten it for cheap, which is actually a smart idea if you know how to do the work yourself or at least can rely as little on contractor help as possible. A lot of us don’t have that expertise, and that’s fine. It’s really complex work sometimes. The other way to do it is to buy a home that needs some renovation work, which will also reduce the listing price and could benefit you if you think you can do that work yourself.
Ultimately, renovation and remodeling do require separate skill sets. Renovation is significantly easier, while remodeling is a much bigger task. The level of expertise needed for some remodeling work should be adhered to. If you’re not certified as an electrical worker, it’s not recommended to attempt to fix the wiring of your house regardless of how handy you may be. Safety issues can arise, as well as the potential to do even more damage to your home. Plumbing is another type of remodeling work that would require knowledge of the interior of a home. Ace Home in Arizona would have more experience than we do. Sometimes, it’s okay to admit we don’t know what we’re doing, and leave it to the people who do. When it comes to your home’s integrity for repair work, follow that advice.
- Interior Design
The interior design aspect of homeownership is actually one of the least stressful. In fact, this is one of the most fun parts of the whole process. Buying a house usually means you’re getting a bare-bones building with empty rooms. Some people find that a daunting task to fill the rooms, and admittedly, it’s pretty expensive, but it’s also your time to finally make your house a home. If you haven’t bought a house yet and are planning on it, this is also a great time to start designing what you think you want your house to look like.
Interior design is pretty straightforward. You need to consider things like decorative wall trinkets, flowers, themes and patterns, and other accents for your home. Picking a color theme ahead of time is a great way to find what you need to make an excellent stylistic decision. When it comes to furniture and appliances, this is where most of your money will be going. It’s a fact of life that these things cost money, but you’ll be paying for quality, so take your time and try to forget about how expensive a fridge or sectional couch can be. Still, the amount of options out there now is staggering, and you can outfit your home in the most modern styles, or you can opt for a timeless look for less.
Saving money on buying furniture and appliances can be done when you pick out the sales and deals that are almost always going on. Try to find clearance sales or wholesalers at warehouse pricing. Even if you can’t avoid the costs of these amenities, you at least have the peace of mind that they are making your home feel like a truly unique space that suits both your needs and your personality.
- Get to Know Your Neighbors
Depending on where you live, getting to know your neighbors and the neighborhood can pay off in unexpected ways. If you live somewhere like a suburb, you can host your new neighbors at a party, so you do not feel like an outsider in your new area. If you’re looking at buying a home, surveying the neighborhood, any parks, schools, businesses or other relevant places of interest will save you time by being acquainted with them when you move in. Your new neighbors may even offer to help you in any renovation or remodeling work that comes up and can spare some tools for the job.
Homeownership is a huge part of our lives. It marks the changing of our scenery in more than just a physical sense. The changing of our lives is a symbolic act that’s constantly happening, but buying your first home or considering buying a home, represents the changes you’ve made that have led you to that position. With such a massive change comes big responsibilities.
These responsibilities can range in how much they require from you financially, mentally, and physically. You need to consider issues, such as how much budgeting or finances you have to buy a home or afford it once it has been purchased. Others are the renovation and remodeling efforts you may need to consider if you’ve bought a house for cheap, knowing you can fix it up to livable standards or change it to your look. Lastly, getting to know who you’re going to be living around, your neighbors, is essential because depending on your life plan, you may be around these people for years to come.
Regardless of what you know or need to know, this guide should serve as a helpful resource for any needs that are still lingering. Owning a home should be exciting. This advice will relieve some of the bad nerves.