5 Things to Avoid as a New Homeowner

Posted on Wednesday, February 14th, 2018 at 10:16am.

5 Things to Avoid as a New Homeowner

You've closed on your new home, the keys are in your hand, and you're ready to move in and get settled. It's a thrilling time, and easy to get caught up in the excitement and make mistakes. We've created a handy checklist for the top ten things new homeowners tend to overlook when moving in, and we also recommend checking out our tips below on what to avoid when settling in to your new home:

1. Don't ignore anything on the inspection report. Minor things can easily turn into major issues if not addressed early and properly. A contractor can help determine what should be fixed right away and what can wait.

2. Don't automatically accept the lowest bid. You may be tempted to go with the lowest price for a repair, but typically, the price of the project will always be about the same if it includes everything needed to complete it. By getting multiple quotes, you can be sure you're getting a good idea of what the project entails and how much it will truly cost to fix something.

3. Don't overestimate upgrades. Just because you see the value in adding something to your home doesn't mean it will be worth more if you ever decide to sell! You may end up over investing and not making it up at resale. Consult with a professional before making any major upgrades to your home.

4. Don't toss receipts and paperwork. Keeping contracts, receipts, manuals, and any other important documents can come in handy down the line when you need them! Consider scanning or photographing items to store on your computer as a back-up.

5. Don't submit frivolous insurance claims. When minor things go wrong, it's not necessary to file an insurance claim when you can easily pay out of pocket. Too many claims in a short period of time may cause your premium to go up.

Considering buying or selling a home in the Austin area? Contact us today for expert advice on Austin real estate.

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