Owning your first home is a bit like exploring a foreign country – it’s new, exciting and oftentimes a completely unknown adventure. June is National Homeownership Month, so what better time to demystify the homeowner experience? We’ve rounded up five tips to help you be an on-the-ball, awesome homeowner.
1. Start Off on the Right Foot
Your first year as a homeowner is kind of like the first year of marriage. There are a bunch of new responsibilities and it can be tough to know where to start. Make sure you’re doing these seven things in your first year of homeownership. Habits like starting a house fund, scheduling routine inspections and keeping good records will help you build a foundation that will last for decades to come.
2. Read the BrightNest New Homeowner Guide
This free homeowner guide is filled with simple, important tasks that every homeowner should know about. Learn the basics of your electricity, gas and water systems, and identify potential hazards for people, pets and property.
3. Know Your Homeowners Insurance
Understanding the ins and outs of your policy before you need to file a claim is the key to a smooth recovery. Get to know your homeowners insurance to understand the fine print in your coverage. Then, cross-check your policy with a list of common things that aren’t covered such as pools, trampolines and flood damage.
4. Be Savvy
Instead of thinking of your home maintenance to-do list as a bunch of chores, think of it as “strategic asset protection.” Being savvy about how you take care of your house means you’ll prevent expensive problems and increase the value of your home. There are even a few things you can do to earn extra money from your home!
5. Sign up for BrightNest
It can be hard to stay on top of home maintenance – that’s where BrightNest comes in. Sign up for BrightNest (it’s free!) and we’ll send you customized tips, tools and reminders so you can grow your investment.