Do you have a home buying strategy? Buying a home can be a risky and expensive proposition so you will want to make sure you have a plan.  In order to put a plan in place you will want to ask ask the following questions:

How long do I plan to live here?
You will need to consider how long you plan to live in your home to determine if it makes financial sense. Consider what changes you might make during that time frame. Will you be starting a family? Will elderly parents need to move in with you? You may need a larger home or need to find a community with better amenities for children, and that will increase the likelihood of you moving.
How is the local market?
All real estate is local.  Find out all you can about the neighborhoods you’re considering. Look at the inventory of homes, how have properties gone up or down in value, and how much homes are selling for compared to the listing price.

What is my financial stability?
Consider factors like the stability of your job. Will you still be there in five years? What kind of future does your industry have? Does climbing up the career ladder mean you might have to move elsewhere to get ahead? Look at your current debts and income, not your future salary, to determine whether you can afford to buy.

Owning a home gives a huge sense of self fulfillment and accomplishment, however, it welcomes you to a new world of expenditures. Every home at some point needs one form of repair or an other. Be it major or minor, when hiring someone else to perform the repair, you are sure to spend money. On the flip side, if you know how to perform some of these repairs yourself,  hiring an expert is certainly not necessary and some cash can be saved.

In light of the above, here are some home repairs you can do with ease without the services of a professional. So, roll up your sleeves and get ready to begin working.

Doors: Doors perform basic functions and are everywhere in the home. They add class and style. In some cases, weather elements can affect doors causing them to swell or shrink. If they expand, they will not close flush with the door frame.  This would require the use of a carpenter’s hand plane to reduce the thickness of the wood. Before doing this, please consider the fact that doors may return to normal when the season is over. To do this, make sure the door is firmly held in a position that would allow for the easy removal of excessive wood. Another door issue is how their hinges squeak when they begin oxidizing. Simply applying lubricant to the hinge, will take care of this.

Application of Caulking: This is the water proof barrier between the shower, sink, bath tub and the surfaces that surround them. It acts as a sealant to prevent moisture damage. Over time, this may require replacement. The surface and old caulking needs to be cleaned and prepared before the new application.  Old residue can be scraped off with a razor blade or dissolved with solvent.  Clean the surface with paint thinner to ensure it is completely dried. Apply caulking sufficiently to ensure it covers the widest gaps in your project.

Leaking Faucet: Fixing a leaky faucet is a common house hold repair. As insignificant as  it may seem, when you add up all the water drops leaked over the weeks, it is enormous. Do you want to fix a leaking faucet without the intervention of a professional? It is an easy process. Here are the steps.

  • Shut off the main water supply and unscrew the faucet handle.
  • With pliers, unscrew the packing nuts and the screws that hold the washers in place.
  • Examine the washer, if it is deteriorated extensively, you should replace it. Some washers are rare so you may need to look a little harder.
  • When you find the ideal washer, replace it and reverse the steps above to install the new one.

You will be amazed on how much you will save by engaging in home repairs. Apart from it being fun, you will learn a lot.  The internet provides a wealth of do-it-yourself videos for the novice handyman.

 

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