Homeownership can be an exciting and rewarding experience. But it’s not suitable for everyone and can be challenging for those new to the real estate game. From learning about your financing options to managing unexpected repair costs, becoming a homeowner is a process packed with essential considerations. If you want to purchase a home in the near future, now is the time to learn more about your responsibilities once you are a homeowner.
How to carry out minor repairs
If you’re new to homeownership, one of the first things you might notice is that maintenance is on you. When your washer stops working, fixing it will be your responsibility. Luckily, most minor repairs are simple and don’t require a lot of skill. You need some essential home maintenance tools to get started. Here are a few repairs every homeowner should know how to do:
- Fixing a leaky faucet: Nearly all faucets are equipped with a washer that can be replaced when it begins to wear out. To replace the washer, turn off the water to the faucet, remove the handle, and use pliers to remove the washer. Then, replace the washer with a new one and turn the water back on.
- Replacing a burned-out light bulb: Most bulbs can be replaced with a simple screwdriver, although some require extra strength. Once the light bulb is removed, screw in the new bulb, and you’re good to go.
- Tackling a clogged drain: Drains can clog for several different reasons, but the fix is usually the same. Use a clog-clearing tool like a plunger or a plumber’s snake to unclog your drain. If neither works, you may need to clear the clog manually.
How to shut off the water
If there is a leak or burst in your water supply, you’ll need to shut off the water to prevent damage to your home. But how? It would be easy to turn off the water supply at the main shutoff, but the problem is you might not be able to access it. Depending on the age of your house, the main shutoff could be in the basement, which is not easily accessible during a burst or leak. If you can’t find the main shutoff, try to locate the water meter. The water meter will have a lever on it and be located on the side of your house, in the front or back. Once you’ve found the water meter, turn the lever, and the water will be shut off.
The age and condition of your boiler or HVAC system
A home’s heating, ventilation, and air conditioning (HVAC) system can be a significant factor when purchasing a home. Many homeowners don’t consider the age and condition of the HVAC system when buying a home, but they should. There are several ways to tell if your HVAC system is in good shape. Look for rusting and corrosion, signs that your system is old and may need to be replaced soon. If your home has forced air, listen for loud noises such as squeaking.
State regulations regarding repairs and renovations
Before diving head-first into renovations and repairs, ensure you have a basic understanding of state regulations. For instance, some states require permits for all renovations costing over a certain amount, while others only require them when extending the property significantly. Depending on your state, you may also have to meet certain standards and use specific fittings or materials, so always check before you carry out any work to ensure you meet the guidelines.
The boundary of your home
The next important thing you need to know is the boundary of your home. If you’re purchasing a brand new house, this can be easy. However, if you’re buying a home that’s been lived in, it can be a bit more tricky. To find out the boundaries of your home, you can hire an inspector or visit your local town planning office. At the planning office, they should have a record of all the houses in your neighborhood, including the boundaries. Once you know the boundaries of your home, you’ll be able to identify any issues that could cause problems later, such as shared walls or a neighbor’s tree roots growing into your yard.
As you can see, homeownership is a lot more than simply buying a house. It’s a significant commitment that requires careful consideration before you dive in. While it can be challenging to navigate the process of purchasing a home, with the proper knowledge and support, you can make it happen. Now that you know what it takes to buy a home, you can start planning for homeownership. Whether you’re a first-time or seasoned homeowner, you must be prepared for the many challenges and opportunities that come with the experience. You can make the most of your homeownership journey with the proper knowledge and support.
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