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re: Bought my first house- Any Tips?

Posted on 3/3/19 at 4:31 pm to
Posted by Ghost of Colby
Alberta, overlooking B.C.
Member since Jan 2009
15998 posts
Posted on 3/3/19 at 4:31 pm to
Gas!

I had all my utilities and services hooked up or switched to my name before I moved into my first house. Then after a few weeks living there, my central heat quit working.

I realized that I forgot about natural gas. I’d never paid a gas bill before, and it completely slipped my mind to schedule service.
Posted by CorkSoaker
Member since Oct 2008
9823 posts
Posted on 3/3/19 at 4:54 pm to
Find the smartest person that works at Lowe’s and make friends with him.
Posted by Geauxtiga
No man's land
Member since Jan 2008
34401 posts
Posted on 3/3/19 at 5:16 pm to
When you move it, stay in the slow lane.
Posted by pwejr88
Red Stick
Member since Apr 2007
37952 posts
Posted on 3/3/19 at 5:20 pm to
Have a savings account just for house expenses and save... A LOT.

Make your home a smart home with all the technology from the start. It’s 2019. Lots of things will save on energy, reduce crime, lower your insurance, and make life convenient.
Posted by yaboidarrell
westbank
Member since Feb 2017
6502 posts
Posted on 3/3/19 at 5:23 pm to
This goes without saying but fix any leaks (no matter how small) as soon as you find them. Water can cause a shite ton of damage.
Posted by BottomlandBrew
Member since Aug 2010
30181 posts
Posted on 3/3/19 at 5:29 pm to
There is a youtube video for any sort of repair you can think of. Make sure you have a decent set of tools.

It's easier to paint before you move all of your shite in there.

Posted by Hangit
The Green Swamp
Member since Aug 2014
47661 posts
Posted on 3/3/19 at 5:30 pm to
Put a house savings account aside. Look at your amortization schedule and begin paying it off early. Make sure your mortgage company applies all of the extra payments to the principal. The earlier you start this the more you can knock out. Starting later is not near as helpful.
Posted by Michael T. Tiger
Baton Rouge
Member since Jul 2004
8935 posts
Posted on 3/3/19 at 5:31 pm to
Ask for house buyer tips prior to buying a house.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 3/3/19 at 5:33 pm to
Don't send your wife to the neighbor to negotiate a fence issue.

It'll end good for her and the fence but bad for you.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61774 posts
Posted on 3/3/19 at 5:42 pm to
The property taxes you are paying into escrow now are based on the previous owner’s records.

Your new purchase price will reset those for next year and your escrow amount will shoot up next year.

Be prepared because it is too low right now.
This post was edited on 3/3/19 at 5:43 pm
Posted by dnm3305
Member since Feb 2009
16413 posts
Posted on 3/3/19 at 5:44 pm to
Youre about to get pretty good at fixing shite
Posted by member12
Bob's Country Bunker
Member since May 2008
33146 posts
Posted on 3/3/19 at 5:44 pm to
You don’t own the house.


The house owns you.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33732 posts
Posted on 3/3/19 at 5:44 pm to
quote:

Ask for advice before you buy your first house

This.
Posted by NPComb
Member since Jan 2019
28715 posts
Posted on 3/3/19 at 5:45 pm to
quote:

Any tips


Just the tip?
Posted by HoustonGumbeauxGuy
Member since Jul 2011
33732 posts
Posted on 3/3/19 at 5:46 pm to
You bought the house and now you’re asking for tips? That’s like cumming inside a Latin girl’s pussy and then asking what sex is like.

....except you’ll enjoy the sex. Houses are fun but are money pits. Keep it subtle because you’ll likely move in less than 10 years.

Posted by yellowfin
Coastal Bar
Member since May 2006
99034 posts
Posted on 3/3/19 at 5:48 pm to
quote:


Youre about to get pretty good at fixing shite


That or find a good handy man and get good at signing checks
Posted by The Torch
DFW The Dub
Member since Aug 2014
30389 posts
Posted on 3/3/19 at 5:52 pm to
Use youtube to learn how to fix stuff because you will be fixing a lot of stuff.

I've learned all kinds of worthless info in the past 17 years.

Clogged garbage disposals, toilet fixes, garage doors, air conditioner over flow line etc etc etc
Posted by cleeveclever
Baton Rouge
Member since Aug 2008
2046 posts
Posted on 3/3/19 at 5:56 pm to
quote:

The property taxes you are paying into escrow now are based on the previous owner’s records.

Your new purchase price will reset those for next year and your escrow amount will shoot up next year.

Be prepared because it is too low right now.


This one caught me off guard when I bought my first house. It was in mid-city and vaules had jumped up insanely since the previous owner had the property assessed. We were gonna be short in escrow by like $1,500, so our monthly payment jumped up. Was a bummer.
Posted by DayBowBow
Member since Jun 2011
5060 posts
Posted on 3/3/19 at 6:15 pm to
Maybe it’s the timing of when I bought my house but my escrow was always figured by the purchase price. The mortgage company knows that’s what your property taxes eventually will be, why wouldn’t they just go ahead and base it on that?
Posted by Barrister
Member since Jul 2012
5348 posts
Posted on 3/3/19 at 6:16 pm to
Keep up with regular maintenance. This is likely your biggest investment.... make sure it maintains and/Or increases in value
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