real estate agent turning over a new home

Moving to a New Home: The Hidden Costs of Keeping Your Home Safe


First-time homeowners may think that they’ve got the hidden costs of buying their new home down: from their real estate agent’s fee, the closing costs, the property taxes, and more. But unfortunately, that’s only half of the hidden costs of moving into a home.

Like any homeowner, you want to keep your home safe from the moment you move in. Although some of these expenses aren’t necessary, they’re a must if you want to keep yourself and your household members safe. Here are a few of them.

Homeowners’ Insurance

This is a given expense for most homeowners, especially those taking out a loan or mortgage to buy their home. However, the cost of homeowners’ insurance ultimately depends on what you want covered. If you live in an area prone to flooding or live in a home that isn’t built to withstand harsh elements, good insurance coverage may be more expensive. But if you live in a safe zone with a home that’s properly built to withstand moderate inclement weather, then your premiums may be lowered.

Having homeowners’ insurance protects your family’s safety when unforeseen events while also keeping you financially stable should the worst happen. However, how covered you want your home to be will ultimately depend on how much your premium is.

HVAC Maintenance Services

If you want to maintain clean indoor air free of allergens, bacteria, mold particles, and other pathogens, you need to invest in HVAC maintenance services to ensure you’re moving into a home with clean and efficient air ventilation, heating, cooling, and circulation.

Given the current situation, you’ll want to make sure your indoor air is clean and well-circulated. Older homes may have outdated HVAC features, while newer homes may be installed with equipment that doesn’t reach the caliber you want for your home and you want to replace it with the best in the market. In this case, it may be more practical to hire professional HVAC services rather than doing it yourself. Also, home repair experts recommend having professionals inspect your HVAC system at least once a year to ensure everything is running smoothly.

man replacing a light bulb

Home Maintenance and Repairs

Buying an older home in the real estate market may usually mean having home repairs and renovations done. While browsing through your housing options, you may come across homes that require renovations for aesthetic purposes, make additional space, or add a feature that can improve your living experience.

Suppose you know that repairs or renovations are a must before purchasing the home. In that case, it’s practical to keep in mind a rough estimate of how much you’re paying for the home, the typical hidden costs of buying a home, and the costs of renovations and repairs. If you’re planning on moving into the home immediately after, it’s important to account for the cost of renovations to see how much you’re spending on making that property your home.

Home Inspection Services

Newer homes, on the other hand, are also not free from additional expenses. Recently-built homes may have sub-par systems or features, defects or flaws that could show up years later, and other problems that could require expensive repairs down the line. Thus, just because a house is newly-made does not necessarily mean it is a hundred percent safe and ready to live in.

To ensure the quality of a new home, have an independent professional home inspector look through a potential house and determine the costs of repair and renovations may be worth and if it is worth the purchase of a house. A home inspection professional can also research the builder’s reputation, the subcontractors, and the materials used to build the house. ;

These costs are not necessarily required to own a house, but if you want to ensure your household’s health, safety, and well-being, it’s best to take additional steps towards keeping your house safe. These costs can protect your household from any health concerns and ensuring the investment made on your home is worth it.

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