What All New Homeowners Need to Know

Congratulations on taking the step to becoming a homeowner! I know both as a home inspector and a homeowner (well, technically the bank still owns it, but you get the idea), owning a home is a wonderful milestone, especially in this crazy market! It also comes with its fair share of responsibilities and potential headaches that all the shiny real estate brochures tend to gloss over. As a seasoned home inspector, I've seen it all – from minor issues that could have been easily prevented to major problems that could have been costly to fix (think six figures!). To help you navigate your new role as a homeowner, here are four essential insights that I wish every new homeowner knew:
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Regular Maintenance Saves Money in the Long Run
Many homeowners underestimate the importance of regular maintenance. Simple tasks like cleaning gutters, changing HVAC filters (furnace filters need to be replaced every 3 months), and inspecting caulking around windows and doors may seem insignificant, but they can prevent costly repairs down the line. While easier said than done, try to create a maintenance schedule and stick to it to keep your home in top condition. With the snow gone and warm weather on the way, now is the perfect time to plan out a summer maintenance schedule like I just did, and hopefully the rain will stop so I can continue to get more done. 

Know Your Home's Systems
Understanding how your home's systems work can save you from headaches in the future. Take the time to familiarize yourself with the location of:

• your electrical panel, especially the main breaker. 
• water shut-off valve(s), usually located in the corner of the basement.
• HVAC system type and the fuel shutoff if applicable.

Know when and how to perform basic troubleshooting, and always have emergency contact information for professionals in case of major issues (trust me: emergencies never wait for your schedule to clear!).

This stock photo looks nice but a flooded home is a nightmare!

(Over) Budget for Repairs and Upgrades
Owning a home inevitably comes with repair and maintenance costs. Create a budget for both expected and unexpected expenses, including repairs and upgrades. Prioritize projects based on urgency and budget constraints and remember to set aside funds for emergencies. Being financially prepared can alleviate stress when unexpected issues arise. Spoiler from a homeowner and home inspector: repairs and renovations almost always cost a lot more than you budget for and the cheap option usually ends up being the costliest. 

Stay Proactive
Don't wait until a minor issue becomes a major problem. Stay proactive by addressing maintenance tasks promptly and addressing any issues as soon as they arise. Ignoring small problems can lead to bigger headaches and expenses down the line. Whether it's a leaky faucet or a cracked foundation, tackle issues head-on to preserve the integrity of your home. I learned this one at an early age working at a home improvement retailer and saw the many faces of distressed homeowners who did not act proactively or tried to cut corners with cheap DIY "fixes". 

Being a homeowner comes with its challenges, but with proper knowledge and preparation, you can navigate the responsibilities with confidence. By staying proactive, investing in inspections (*ahem* particularly from a Certified Professional Inspector like me!), understanding your home's systems, and budgeting for maintenance and repairs, you can ensure that your home remains a safe and comfortable haven for years to come with minimal surprises. Happy homeownership!