8 Crucial Mistakes to Avoid After Buying a Home | Essential Tips for New Homeowners

Published 2024-07-03
Buying a home is a huge milestone, but it comes with its own set of challenges. In this video, I share 8 critical mistakes you should avoid after closing on your house. Stick around for a bonus tip at the end that can save you stress and money!

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Timestamps:
0:00 Introduction
0:15 Not Scheduling Utility Transfers in Advance
1:00 Falling for Scams
1:45 Not Setting Up a Forwarding Address
2:30 Not Filing for Homestead Exemption
3:15 Not Updating Your Address
4:00 Not Transferring Smart Home Features
4:45 Not Meeting Your Neighbors
5:30 Not Keeping Important Documents Organized
6:15 Bonus Tip: Not Budgeting for Repairs and Maintenance
7:00 Conclusion

Key Takeaways:

Utility Transfers: Schedule in advance to avoid disruptions.
Scams: Be aware of common scams and how to avoid them.
Mail Forwarding: Ensure you receive all your important mail.
Homestead Exemption: Save on property taxes with exemptions.
Address Updates: Update all essential services with your new address.
Smart Home Features: Transfer smart devices to your account.
Meet Neighbors: Build a good rapport with your new neighbors.
Document Organization: Keep all important documents in one place.
Budgeting: Set aside 1% of your home's value annually for maintenance.
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#HomeBuying #NewHomeowner #RealEstateTips #ChicagoRealtor #HomeMaintenance #DanielMirea #BerkshireHathaway #HouseClosing #HomesteadExemption #AvoidScams

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