For most, buying a new home is the largest purchase they will make in their lives – and it surely is an exciting one! Finally having a place to call and make your own is such a special feeling.
Don’t get caught up in the newness of your home and forget these potentially costly mistakes!
Avoid: Furnishing Your Home ASAP
If you previously lived in an apartment, the furniture that may have seemed like more than enough could now look scarce in your spacious 3-bedroom home. A common mistake that most new homeowners make is rushing to purchase enough furniture to fill every room in their home. In reality, this could take a big chunk from your savings.
Instead, you should live in your home for a while to get to know your space and understand what it needs. Maybe you’d like to turn your extra bedroom into an office or nursery.
Avoid: Making Major Changes Too Quickly
Sometimes perfecting your dream home takes a little extra work after your purchase. As appealing as it might be to break down walls for an open floor plan or expand the kitchen for more space, these extreme changes can cost you big time. Changes you may feel will improve your home and add value could actually cost you in the long run. It’s important to check the return on investment (ROI) with your agent or appraiser prior to making any drastic changes.
Avoid: Inefficient Use of Home’s Features
In an effort to save you money in the long run, be sure to use your home properly! Storing things in the attic could result in your roof sagging or a possible collapse, causing a costly repair. Another mistake most new homeowners make is not using the bathroom and laundry fan. Although a fan can be noisy, it’s meant to remove excess moisture from the air – preventing the growth of mold, mildew and fungi.
Avoid: Hiring More ‘Affordable’ Professionals
If you do need to make changes or adjustments to your home, it’s important to receive various quotes from seasoned professionals. If you simply choose the most affordable option without checking references, your home could suffer the consequences. Although price should play a part in your decision, it’s important to find a professional best fit for the project.
Get in touch with a loan expert near you.
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Mandy Jordan is a seasoned professional with over 20 years of experience in the financial services industry, including 8 years in the mortgage industry. She has a true passion for writing and marketing communications strategy, and is known for her expertise in driving business growth, building relationships, and delivering results in highly competitive markets.
During her tenure at PrimeLending, Mandy has developed a deep understanding of the intricacies of the mortgage industry. Her comprehensive knowledge of loan products, underwriting guidelines, and compliance regulations has positioned her as a trusted advisor to her colleagues.
As a skilled writer and marketing communications strategist, Mandy has honed her ability to craft compelling and engaging content for a variety of mediums. Her strategic approach to content creation, combined with her creativity and attention to detail, has resulted in successful marketing campaigns, thought leadership pieces, and brand messaging that resonates with target audiences. She is also proficient in leveraging social media platforms and digital marketing tools to drive brand awareness and engagement.
Throughout her career, Mandy has been recognized for her exceptional communication skills, ability to work in cross-functional teams, and her unwavering commitment to delivering exceptional customer service. She has a track record of building and maintaining strong relationships with clients, partners, and stakeholders, and is often sought after for her strategic advice and guidance.
Mandy holds a Bachelor's degree in English from Southern Methodist University, and a Master’s in Business Administration with a focus on Marketing from The University of Texas at Austin. In her free time, Mandy enjoys writing creatively, reading, and volunteering for local non-profit organizations.
As a dynamic professional with a unique blend of experience in the mortgage industry, financial services, and marketing communications, Mandy Jordan continues to make significant contributions to the industry and is well-respected for her expertise, leadership, and unwavering commitment to excellence. Her warm demeanor, coupled with her wealth of experience and expertise, make her a trusted professional in her field.
