7 Emotions Only Homeowners Understand
- Real Estate Tips
- April 9, 2018
Plan on becoming a homeowner, or living in a home for years? Whichever describes you best, and whether you want to know what you’ll be facing as a homeowner or you want to know you’re not alone in your feelings, these are the 7 common emotions only homeowners will understand.
1. The freedom of home modifications
Unlike renting, you don’t have a landlord to approve your new paint in the bedroom or the replacement of any outdated appliances. Since you’re the landlord of your own home, you get to make any modifications whenever you want!
2. The pain of home improvement
Homes are a little more “high maintenance” than renting. You might have to make a few social sacrifices in order to take care of something around the house. While you could hire a handyman, you might not want to spend a ton of money on a simple task. Another thing to consider is that you still might need to be present while they’re there. While changing a lightbulb or an air filter is something you can learn to do yourself, there are those repairs that require a professional.
3. The irritation of waiting for repairmen and contractors
If you have to hire a contractor for any repairs or improvements, you’ll have to understand they might show up late. Plumbers, electricians, exterminators, etc. all get held up by any number of reasons, usually any customers before your appointment. You’ll also have to wait for them to finish the job before you go about your day, so you might need to clear your schedule if you plan on having a repairman stop by.
4. The stress of bills
When renting, you only have a few bills to take care of by yourself and the landlord handles the rest. With a home, all the bills are yours to handle: monthly mortgage, trash/snow removal, condo/HOA dues, electric, gas, and even property taxes are due. Those are also all the bills before any repairs or replacements are made.
5. The relief with tax breaks
Owning a home can save you some money during tax season. You can get breaks for mortgage interest, energy-efficient upgrades, and home improvement that adds value to your property. If you are a first time home owner, you can even apply for the first time homeowner tax credit
6. The scary realization of commitment
Renters have the flexibility of relocating when the lease is up. For homeowners, it’s not as easy to just pick up and leave. You don’t have to stay in your home for the full 15- to 30-year mortgage, but you will probably be staying longer than a year. Typically, Realtor.com says you should stay at least 5 years before moving again.
7. The pride of ownership
Stress, work, and money are all things that come with homeownership, but nothing will beat the pride of how you cared for something so important. Your home is where you build your life with a family, and where you make years of memories. You have the opportunity to get involved in the community, and to build friendships that will last some time.
Plan on becoming a homeowner, or living in a home for years? Whichever describes you best, and whether you want to know what you’ll be facing as a homeowner or you want to know you’re not alone in your feelings, these are the 7 common emotions only homeowners will understand.
1. The freedom of home modifications
Unlike renting, you don’t have a landlord to approve your new paint in the bedroom or the replacement of any outdated appliances. Since you’re the landlord of your own home, you get to make any modifications whenever you want!
2. The pain of home tasksimprovement
Homes are a little more “high maintenance” than renting. You might have to make a few social sacrifices in order to take care of something around the house. While you could hire a prohandyman, you might not wantone to spend a ton of money on a simple task. andAnother thing to consider is that you still might need to be present while they’re there. While changing a lightbulb or an air filter is something you can learn to do yourself, there are those repairs that require a professional.
3. The irritation of waiting for the prosrepairmen and contractors
If you have to hire a contractorpro for any repairs or improvements, you’ll have to understand they might show up late. Plumbers, electricians, exterminators, etc. all get held up by any number of reasons, usually any customers before your appointment. You’ll also have to wait for them to finish the job before you go about your day, so you might miss out on a few fun things.need to clear your schedule if you plan on having a repairman stop by.
4. The stress of bills
When renting, you only have a few bills to take care of by yourself and the landlord handles the rest. With a home, all the bills are yours to handle: monthly mortgage, trash/snow removal, condo/HOA dues, electric, gas, and even property taxes are due. Those are also all the bills before any repairs or replacements are made.
5. The relief with tax breaks
Owning a home can save you some money during tax season. You can get breaks for mortgage interest, property tax, energy-efficient upgrades, home offices, and home improvement that adds value to your property. If you are a first time home owner, you can even apply for the first time homeowner tax credit
6. The scary realization of commitment
Renters have the flexibility of relocating when the lease is up. For homeowners, it’s not as easy to just pick up and leave. You don’t have to stay in your home for the full 15- to 30-year mortgage, but you will probably be staying longer than a year. Typically, Realtor.com says you should stay at least 5 years before moving again. Worse case, you can always rent out your home if you decide you want to live elsewhere.
7. The pride of ownership
Stress, work, and money are all things that come with homeownership, but nothing will beat the pride of how you cared for something so important. Your home is where you build your life with a family, and where you make years of memories. You have the opportunity to get involved in the community, and to build friendships that will last some time.
