One of the most important steps in buying a house is often gets overlooked. So much work goes in to the search for, application to, and eventually, the purchase of your first home. Everyone understands these steps, but but what to do once the house is yours is often pushed back to an afterthought.The fact is, the first few weeks after you get the keys are crucial to your time in the house.
This small space in time, before all your belongings have been moved in, shelves allocated, rooms labeled, is the perfect opportunity for you to set up your new home. This requires more than just moving in the ratty couch from your share home. It requires planning and a small amount of your time. But the work you put into organising your home at the start, will pay dividends each year that you live there.
Below we have provided a few little tips we would like to share. We think these are great ways for you to use this time well, and turn your new house into a beautiful home.
Although we might not be paying the low prices our parents did, one benefit of buying a house now is that we aren’t breaking new ground. It’s been done before; millions and millions of times before. This means that there is tons of servers packed with information that can help you. Advice about how to make home improvements, contractors, what additions will add value, and which ones won’t. There is a massive wealth of information on the web and your social circles so don’t let it go to waste.
The enemy of decision making of any kind is time. We have all been fallen victim to it. Whether it’s just before we’ve moved into a new rental, or before an event, we have all made a rushed purchasing decision that we have later regretted. Awkward tables, uncomfortable beds, ugly couches, two of everything, whatever the outcome, there is a simple way to avoid it.
When you first move into your new home, make sure you take time with each purchase decisions. If your purchasing shelves, make note of the space you would like to fill. If you are looking for a new couch, then head to the shops and test them out, and try to get comfy. If you are looking at painting the walls, paint a small patch, and think it over. Taking your time will help you avoid making annoying, uncomfortable or potentially ugly decisions.
When you first move in, you should begin to look forward at the next step; paying off your home. This is obviously a massive job, and is what often steers people away from buying a home, but if you plan ahead, then you will minimise the risk of your new investment dramatically. One way to do this is to make extra payments.
By making extra payments you can reduce the principal on your home loan. This will allow you to pay off your home relatively quick, and reduce the total of your mortgage. Making extra payments can also come in handy, if further down the line you are required to make a late payment, but for this you should also be budgeting an emergency fund.
This is good practice for anyone, not just new home owners. By generating an emergency fund you can keep yourself safe in any sort of calamity. It could be a loss of income, a health emergency, a plumbing disaster or a simple accident, but there will be a day that you are glad you decided to begin an emergency fund.
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