Settling Into a New Home
Congratulations! You've signed all the papers and hold the keys to your new home. So what's next? As a first-time homeowner, you probably have questions about budgeting for your new expenses, adding value to your home and handling post-purchase surprises and challenges. Let HGTV's FrontDoor guide you through all of the "must-knows" of homeownership and prepare you for the unexpected "uh-ohs."
Must-Knows
10 Post-Purchase MustsJust moved in and wondering what to do next? Here are some tips for getting settled into your new home.
Budgeting for HomeownershipOwning a home comes with lots of expenses — some you might not expect. Be sure to include these items in your yearly budget.
Home Updates: Year OneIf you have some cash left over after closing, a few small improvements can add major value to your home.
Uh-Ohs
I Can't Stand My Neighbors!Bad neighbors can turn your dream home into a nightmare. Learn how to handle five types of nuisance neighbors.
Did I Make the Right Decision?If that unsettling feeling of buyer's remorse creeps up on you after closing, read these tips for adjusting your attitude.
I Can't Afford My HomeWhat if the costs of homeownership become too much to manage? Make your home more affordable with these tips.
Post-Purchase Q&A:
What do I do with all of these closing papers?
Keep your closing papers organized in a separate file as long as you own the property. You'll need them for tax purposes if you decide to sell your home. Read More
What are some immediate expenses I can expect?
Besides your mortgage payment, be prepared to pay for homeowner's insurance, property taxes, HOA fees, maintenance and repairs, utilities, and any appliances and furniture that weren't included in your home purchase. Read More
When should I consider refinancing?
Before refinancing, figure out your "break-even point," or how long it will take you to recoup the costs of refinancing through lower monthly mortgage payments. Read More
When should I consider doing major home updates?
Home updates can be pricey. If you used all your savings on closing costs and the other initial expenses of buying a home, save up some money before tackling major improvements. Read More
How soon can I sell?
You can sell your home immediately if you need to, but you may end up losing money if you haven't built up much equity. Read More
How do I budget for home maintenance costs?
Most housing experts recommend setting aside 1 to 3 percent of the purchase price of your home each year for maintenance and repairs. Read More
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