Tips After You Purchase Your Home
Congratulations on buying your home! It is beyond a small feat and one that everyone has mentally jotted down as a goal at one time or another, but not very many are fortunate enough to reach this milestone! It is not the hall of fame, but you are listed as the owner of record with your county and there it will remain, even if you decide to sell in the future!
Aside from wanting to take a minute to just be, here are a few tips to consider before settling in.
1. If you plan on living in the property, declare the property your homestead in your respective county to save on your property taxes.
In California, a single homeowner receives a $75,000 exemption and a Head of Household receives a $100,000 exemption – what does this mean exactly? If your home is assessed at a value of $1,000,000 and you are a head of the Household homeowner, your property taxes will be based on a $900,000 value.
2. Consider completing any additional remodels before moving in.
It’s easy to tell yourself that you’ll do this later, but once you’ve moved it can be difficult to complete the projects you want so it’s recommended that you complete these projects beforehand. Understandably so, there might be a financial strain in completing everything you want, but one simple and easy fix is the paint and cabinetry. If you plan on living there you will be more satisfied with your décor, or if you plan on renting you may be able to demand a higher rent basis pending your market.
3. Complete a professional deep clean.
I am sure the realtors that coordinated the home showings adhered to keeping the home as clean as possible, but why take the risk? A professional deep clean is inexpensive relative to the value you get.
4. Check your circuit breaker, water heater, smoke detectors, and emergency shut-offs so that you are prepared in case of an emergency.
This will read as a bit of a chore, but safety first is most important.
5. Re-review your home inspection report so that you are not surprised by the quirky character traits that make your home your home.
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