Owning Your First Home: What You Need to Know

Owning Your First HomeAfter months of looking for the perfect place, you finally found a place to call home and bought your first house.  As you anxiously await the closing date, take this as an opportunity to familiarize yourself with some essentials things you need to know to keep your household running smoothly. From how to handle mold to the basics about homeowners insurance and burglary, there are some things you need to know when moving into your first home.ng for the perfect place, you finally found a place to call home and bought your first house. As you anxiously await the closing date, tak

1. How to Keep Burglars Out

According to recent statistics from the U.S., a home is burglarized every 14.4 seconds. No matter how safe you think your neighborhood is, you could still be at risk. The Washington Post notes that the typical burglar is a teenage boy who lives within a few miles of your home.

Install an alarm system to keep burglars out. According to security experts at the Washington Post, homes without security are three times more likely to be burglarized than houses with alarm systems. When looking for a security system, choose a company with Five Diamond Security Certification, to ensure reliable monitoring services.

2. What to Do About Mold

Look for leaks, dark spots or unusual growth on your walls or near the baseboards of your flooring. According to the Environmental Protection Agency (EPA), the most-effective way to banish mold is by eliminating moisture at the source. If the moisture originates from a leak, have it fixed promptly. Indoor humidity could also be aiding mold growth. The EPA recommends reducing it by increasing ventilation and using exhaust fans, air vents, de-humidifiers and air conditioners.

3. How to Save on Home Repairs

With a can-do attitude and some technical knowledge, you can save a lot of money fixing things around the house on your own instead of hiring someone. However, if you’re not confident in your skills or you don’t know what you’re doing you can cause serious damage and make the problem worse.

As a homeowner, you need to clearly distinguish your capabilities and what lies outside of your expertise in order to solve electrical, plumbing and any other home problems in less time. To find reliable professional assistance for home woes, stop by your local hardware store and ask the staff for their recommendations.

4. What Does Homeowners Insurance Cover?

A standard homeowners insurance policy covers property damage resulting from hail, fire or wind, according to MoneyCrashers. In the event of theft or vandalism, damaged or stolen property will also be covered. A basic homeowners insurance policy will also offer some liability coverage, which covers the medical bills of anyone who is injured on your property.

To get the most out of your insurance claims for theft or property damage, keep a detailed catalogue of your most valuable personal belongings. Photograph any jewelry, art, collectibles, furniture and electronics, as well as the receipts of the purchases and any serial numbers. File all of the photos on an external hard drive and keep it in a fireproof safe or safety deposit box.

Owning your first home can seem overwhelming and scary at first, but keeping these few simple points in mind can greatly reduce your anxiety, and help you enjoy your new home to the fullest.

Getting ready to buy your first home?  Visit ComFree.com today and search for homes in the neighborhood of your dreams.

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2 comments

  1. Steve says:

    We should always keep an eye on the first time buyer market, even out here on the coast. This is a great start to a check list for first time buyers.

    Thanks, Jane.

  2. Brian Linnekens says:

    Some of the useful tips for home buyers in the real estate investment. These tips will surely help everyoneto buy a home as per their best requirements.

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