
Three things you should know before buying a home
Have you ever wished homeownership came with a user’s manual? There’s only so much you can prepare for, whether you’re buying your starter home, forever home or something in between. It’s all too common to face unexpected expenses, including ongoing maintenance of your property with hidden added costs. In a new survey conducted in collaboration with OnePoll, TruGreen found that nearly half of homeowners (44%) invested more money in their home during the first year of homeownership than they expected.
To equip homeowners with more realistic expectations before purchasing a new home, TruGreen ® , the nation’s leading lawn care provider, shares the top three lessons homeowners have learned.
1. Home maintenance is crucial – and will cost you.
No matter what type of home you buy
– from fixer-uppers to move-in ready – you should expect some repairs and replacements, plus routine maintenance. While this will vary depending on your home’s age, size and condition, rest assured that most homes require regular care to help prevent long-term (and potentially expensive) damage.
So, how much maintenance is required when you purchase a home? In the survey, homeowners’ top expenses during their first year as a homeowner were appliance replacements (56%), exterior repairs such as windows (53%) and major repairs like roofing (52%). Furthermore, when prioritizing maintenance, homeowners mainly focused on their home’s exterior, such as patios (42%) and their yard or lawn (39%).
Ensuring you have the means to handle unanticipated repairs and routine maintenance before you buy will help prevent financial stress down the road.
2. Investing in your property to create a home.
When
you first move into your new house, don’t get discouraged if you don’t
initially feel like you’re really “home.” The homeowners surveyed spent
an average of two and a half years upgrading their homes before they
were pleased with it. Despite the time and money they invested in the
property – or perhaps because of it – nearly 71% of homeowners said they
now feel like they’ve found their forever home.
Your
house is more than just a place to call home, it’s also an investment.
And if it’s managed properly, your home can also provide a great return
on investment.
3. There will always be surprises, so don’t be afraid to call a pro.
Even
the most prepared homebuyer will encounter surprise expenses after
signing on the dotted line. According to the survey, the average
homeowner has encountered about four surprises or unexpected costs
within their first year of homeownership.
Beyond
the surprise of unpredicted expenses, some of these tasks may be new
and create challenges for homeowners to handle on their own. In fact,
62% would call a professional for a home improvement project, and nearly
one-third of homeowners would hire a pro for home maintenance.
Handing
maintenance or improvement projects to the pros can be a smart move to
ensure the job will be done well. It can prevent future problems and
save time you’d rather spend enjoying your home. For example, hiring a
professional service to handle your lawn care can allow for more free
time to actually enjoy your outdoor space, while giving you a sense of
pride in how great it looks.
“Buying
a new home is a tremendous milestone that brings much to celebrate, but
the new responsibilities of homeownership can also be stressful,” said
Brian Feldman, senior director of technical operations at TruGreen. “As a
new homeowner, there’s no need to waste time figuring out the best ways
to maintain your home. To help tackle what can seem like an ongoing
to-do list, you should consider partnering with the professionals.”
If
you’re like the 75% of homeowners surveyed who believe it’s important
that their yard or home’s exterior looks impeccable, consider partnering
with an outdoor expert such as TruGreen to make your lawn look great.