Becoming a homebuyer is exciting. But now that it’s happening, you’ll need a few things to get you from buyer to owner. You may think you only need the stamina to unpack, but that’s only the beginning.
1. A basic toolkit
You don’t want to be sitting at home without a wrench when your sink is leaking. Or without a Phillips screwdriver when nothing in the house will accept a flathead.
Lowe’s is a great place to look for pre-assembled toolkits if you don’t want to buy individual pieces. They range up to several hundred dollars depending on how professional and comprehensive they are, but you can get away with spending as little as $20 or $30 for a basic toolkit.
2. A DIY spirit
You’re going to be testing the limits of your DIY skills as a homeowner… a lot. Painting your walls, fixing a clogged drain, pulling up old floors, laying tile – they can all expand your skills, teach you new things, and provide a real sense of pride and accomplishment.
“Check out tutorials and how-to guides on sites like The Family Handyman and This Old House – good, reputable sources for home improvement information,” said lifehacker. “Cross reference anything you find with multiple sources though, just to make sure you’re getting good information.”
Keep in mind that experts generally recommend you leave things like plumbing and electrical to the experts so you don’t flood your home or electrocute yourself.
3. Deep pockets
Things are going to break. Make sure you have a stash of cash for when that happens.
A home warranty can help with those large expenses.
“Like all warranties, a home warranty is supposed to protect against expensive, unforeseen repair bills and provide peace of mind,” said Investopedia. “For a homeowner who doesn’t have an emergency fund or who wants to protect their emergency fund, a home warranty can act as a buffer. Home warranties also make sense for people who aren’t handy or who don’t want to worry about tracking down a contractor when they have a problem. Warranties can also make sense for people with expensive taste in appliances.”
Keep in mind that a warranty won’t cover everything, and is not only for brand-new residences; warranties may also be available for older homes.