How to Prepare for Home Improvements

If you’re a homeowner you know this already, home improvements never end. When we bought our fixer upper in 2012 we did a big renovation project that covered many of the major areas in our home such as, kitchen, bathroom and new flooring. Since then we’ve had to replace the water heater, sump pump and air conditioning.  The fact is that owning a home requires maintenance and repairs.  Below I discuss some of my lessons learned and ideas on how to prepare for home improvements. Decide What Type of Home You Want It all starts with what type of home … Continue reading

My Story: From Renter to Homeowner

My dream of becoming a homeowner started about 10 years ago.   After renting for all of my adult life, I was growing tired of sharing the laundry room, parking spaces and walls.  I was really looking forward to some of the perks of homeownership. Finding the right rental At the time, my husband and I were not ready to become homeowners but we knew we had to start planning for it. Our first rental after getting married was in an urban area where the rent was low and all utilities were included.  We lived there for about 3 years but … Continue reading

Home Buyers Remorse: Selling after one year

A few weeks ago I heard that a couple I know put their home up for sale after just one year of becoming homeowners. They bought a home in the same town as me a few months after I did. They were first time home buyers as well. Their home was a short sale and had several offers on the table but they were still able to buy it at a low price which appeared to be a great deal for them.   I started wondering what happened? Why are they selling so soon?  I found out later that they … Continue reading

Uncommon Things to consider while House Hunting

Last week I wrote about my home related projects and how I will have to pay over $3,000 to replace a retaining wall in my property.  This got me to thinking, if I knew then what I know now would I have passed on this house?  To be honest, I didn’t consider this when I was in the market to buy.  I mean, who’s thinking about retaining walls when they’re house hunting? If you’re buying a fixer upper, like I did, you probably expect to be making the typical updates, remodeling the kitchen, bathrooms and flooring.  However, as a first … Continue reading

Emergency Fund: Why Every Homeowner Needs One

I’ve written a few posts about our home maintenance costs and surprise repairs that have been needed for our home in the past year.  Last year we had to replace our air conditioning and water heater.  Just a couple of weeks ago we had to replace the sump pump.  The total cost of these repairs was $2,125. Thank Goodness for our Home Emergency Fund As a homeowner it is essential to have an emergency fund.  If it wasn’t for our emergency fund we would have incurred additional debt to pay for those home repairs.  And who wants that?   We’re in the process of … Continue reading