Navigating the first year of homeownership comes with both challenges and opportunities. Whether you’re a first-time buyer or seeking additional insights, this guide is designed to assist you in understanding the crucial aspects of owning your home.

It’s vital to consider both time and financial investments beyond the initial purchase. Anticipate ongoing expenses such as property taxes, insurance, utilities, and potentially homeowners association fees. Setting aside approximately 1% of your home’s value annually is advisable for maintenance and unexpected repairs.

Home maintenance is an ongoing commitment, with each season presenting unique challenges. From weatherproofing to routine tasks like gutter cleaning and HVAC maintenance, being proactive is key to preventing costly repairs.

Building a community by connecting with neighbors not only enriches your residential experience but can also provide a reliable network for recommendations on local services, from contractors to pet sitters.

Be aware of energy costs, which can surprise many new homeowners. Conducting a home energy audit can help identify ways to improve efficiency and reduce costs. For those still in the homebuying process, it’s reasonable to inquire about utility costs and any pre-installed energy-saving features from the seller or listing agent.

Personalize your space wisely. While it’s exciting to make your home truly yours, patience can be beneficial. Living in your home for a while before starting major renovations can lead to better decisions and financial planning for these projects.

We are here to support you through your homeownership journey and provide guidance whenever you need it.

Fax: 757.389.8749

4573 Bank Street, Virginia Beach, VA 23462