As you sit down to budget for buying a new Ventura home, there are several costs to consider. These include the down payment, the closing costs, moving expenses, and the monthly mortgage payments, insurance, and taxes. However, there is something else to add to that budget....home maintenance.

 

 

Even if you are buying a newer home with no immediate repair needs, there are 5 maintenance tasks that you should always take care of upon moving in and therefore should prepare for the costs.

 

  1. Change Locks - Practically anyone could have a key to your new home without you knowing it. Protect your family and your belongings by changing the locks on every exterior door of the home.

  2. Trim Trees - Make sure the trees, especially any older ones, are in good health and not too close to the home itself. Have the trees trimmed and inspected by a professional.

  3. Maintain HVAC - A damaged or failing HVAC system can be very expensive to fix. Stay ahead of any potential issues by having the system maintained right when you move in.

  4. Add Fire Extinguisher - It is important to always have at least one fire extinguisher in your home. Purchase one for the kitchen when you move in.

  5. Clean Chimney - If your new Ventura home has a fireplace, make sure you have it professionally cleaned out since you cannot know for certain when the last time it was cleaned was.

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In addition to these 5 home maintenance costs, you should also budget for appliances, furniture, paint, and any other home repairs/updates you need to make. Knowing these costs as you go into purchasing the home will help you stay within your financial means.

 

 

After you have been living in your home for a while, however, the budgeting should not stop. You should always keep aside some money to help you cover any unexpected repairs and emergencies that could arise at any time. In order to help you afford these costs, it is a good idea to set aside 1% of your home's purchase price every year for repairs. Just remember that the money you are putting into your home is just building equity for you and your family so it is worth it.

 


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