Being a new homeowner comes with a wealth of responsibility and enriching possibilities as you explore new depths in your life. While it’s understandable to get swept up in the excitement of home-ownership, there are some smart plays you need to ensure you maximize your experience as a homeowner. Here are some quick tips from the best realtor in Victoria BC, to help you stay ahead of the curve. These tips will prevent you from spending more money and effort than necessary throughout your time as a home owner. Read below to discover 3 wise steps every new Victoria homeowner should take.
Maintenance Should Always Be a Top Priority
Keeping your home in tip-top shape is a must, so it stays appealing to you, your family, and any visitors you welcome. And, unlike a rental, the responsibility falls completely on you, with no landlord to look towards for a bailout. Every room, piece of furniture, and fixture needs to be protected as if your life depends on it, or else, you’ll be facing some unbearable costs.
Ensure you address any issues with plumbing, the roof, or any other parts of your Victoria home that you notice isn’t running optimally. Average maintenance costs can be steep, so staving off potential financial headaches by spotting immediate issues helps considerably.
Don’t Waste Money Personalizing
You want to make your new home a true representation of your personality and give it a unique feel. Something that’s evident to everyone who walks through your door. However, you don’t want to go overboard with the upgrades. Especially as someone who just made the most significant financial commitment ever, possibly on a tight budget. Resist spending too much trying to improve every area of your home you think requires a boost.
Adjust to your new surroundings, assess your expenses and build back your savings until you feel comfortable. Once you do, you can think about sprucing up the kitchen, basement, or any other area of your home in grand fashion.
Get Tax Help and Keep Your Receipts
On the topic of finances, ensure that you get the necessary tax help you may need. This is very important in case you’re unfamiliar with certain terminologies or guidelines. While an accountant may seem like a hefty additional expense, it could prove beneficial to ensure you’re not making any harmful mistakes. The accountant will complete the return on your behalf and make you aware of everything you’re eligible to claim, thanks to your newly-attained status as a home-owner.
Additionally, save your receipts regarding home improvements. You can receive certain exemptions that leave you with a satisfactory amount of taxable income on your home’s eventual sale.
Work with a Top-Rated Victoria Realtor
The top realtor in Victoria BC will help keep you on track for your life as a new homeowner. Whether you are buying, selling, or just in need of consultation. Contact Brad MacLaren today for all your Victoria real estate inquiries. Looking to buy? Check out our page for beautiful Victoria real estate listings.
