Just buy a home or working on your Houston home search?

There’s no escaping the feeling that you get when you receive the keys to your very first home, especially after the mortgage has been settled and all negotiations have concluded. You’re ready to do so much in your new home; however, even though you think you may be prepared to take on some new projects, it could end up costing you big time if you aren’t careful.

Here are three of the biggest mistakes that homeowners generally make within the first year of owning their first home.

Spending Money on a Lot of Furnishings

You’ll typically find that many spaces in your home can be close to empty, especially if you only own a small amount of furnishings that would normally fit into an apartment. After all, it’s important for both yourself and any potential guests that you may have to be able to sit comfortably. However, instead of going ahead and spending a ton of money on new furnishing, take the time to settle down on your home for a bit and become familiar with how much space you have to work with. From there, you’ll be able to make more informed decisions regarding furnishings.

Getting Rid of Paperwork and Receipts

Imagine something in your new home suddenly breaking down and no longer working. Naturally, you’d have to spend money to replace whatever it is, leading you to eventually forget about how much you just spent. Always avoid doing this, as even the smallest improvement to your home can greatly increase its overall value when you decide it’s time to sell it. Always keep all receipts and other forms of paperwork neatly put up somewhere so that you can refer to them later on.

Remodeling a Space Before Doing Any Actual Research

Prior to beginning any kind of remodeling project in your new home, regardless of what it is, take the time to properly research everything regarding the project that you want to take on. You can even talk to some of your neighbors, friends, and family members in order to obtain even more advice. Perhaps the best person to talk to would be a contractor, who can help you with your budget, timing, and other various expectations that you may have.

Thank you for visiting Wayne Murray’s blog, a collection of top Houston real estate agents. We write to keep the local community informed about home design, news and events.