Many people argue that renting is better than owning because you don't have to worry about repairs and fixing things when they break. It is as easy as calling up your landlord and letting them take care of it. Unfortunately, you don't get those kinds of benefits when you own a home; instead you get the benefits of building equity, having something to call your own, and owning property. When you do buy a house for the first time, you have to be careful that you factor in much more than your mortgage payment each month. There are other expenses that go into having a home, including some major unexpected expenses that you should plan for. Here are a few you should consider when buying a home.
On average, American homeowners can find themselves spending around $9,500 a year on unexpected house expenses. Cleaning can be a major part of that expense, especially when you move into a home. Whether you are buying a home from another person or having it built, you can expect to do some cleaning. Even brand new homes will require a little bit of touch up before move-in day. From having the carpets cleaned to painting the rooms, you should budget in a little bit of money to help make it turnkey ready. Additionally, should you decide to throw a housewarming party, you want to make sure everything look its best so a swift cleaning will help you feel more confident when guests arrive.
Every appliance in your home has a life expectancy. You cannot always expect appliances to last the entire time you live in the house. Most manufacturers will give a life expectancy of an HVAC system around 12 to 15 years. Since you have a plethora of appliances in the home, you want to keep up with each of their maintenance schedules. This will help prolong their lives. When you first move into a home, you should do inventory on all your appliances and how old they are. You also want to check on any warranties associated with the appliances.
The largest opening to your home is the garage door. This is a crucial part of keeping intruders out and protecting your vehicles. When your garage door fails to work, you could be leaving your home much more vulnerable. Getting it fixed right away is very important. By upgrading your garage door, you can possibly get an 83.7% return on your investment, according to Remodeling Magazine. By keeping your garage door in working order, you can not only keep intruders out, but you could end up lowering your energy bill as well. Talk to a company like DSI Door Services North Shore about any garage door needs.