What to expect in your first year of living in a new home

As more and more of us take advantage of the buyer's market and enter into real estate with the intent to buy a home, so too comes the anxiety and responsibilities of said ownership.

Beyond this, experienced homeowners will find that certain aspects of living in a brand new home may be completely different to what they have previously been accustomed to. As such, it's becoming increasingly vital for us to manage our expectations and prepare for what may come in our first year of living in a new home.

With years of experience in the property sector, Ikonic Real Estate knows how daunting owning a new or first-time home can be. Let's explore a few common mistakes homeowners can make and how to be mindful of these thinking patterns.

The shift from free-standing homes to lifestyle estates

As we've mentioned, a buyer's market allows homeowners to upsize their lifestyles. South Africans are particularly opting more for the increased level of security provided in gated communities.

Gated communities and lifestyle estates such as Silver Lakes Golf Estate in Pretoria East have seen increased interest over the years, especially after the pandemic. Homeowners new to estates must become more aware of each estate's community standards.

Part of this includes following Body Corporate regulations and attending annual general meetings to have a say in communal policy, attaining an understanding of restrictions on home renovations to maintain a design standard.

Things are likely to break

Following what we said above, sometimes expecting the worst and being pleasantly surprised is an excellent strategy to ground your home expectations. Regardless of how new or old certain home fixtures will be, you can be 100% certain that something is likely to give soon.

Maintenance that creeps through the woodwork

From the build-up of leaves in your gutter during the autumn season to the increased risk, they pose as a fire hazard during the cold and dry winter months, ensuring your home remains in good condition requires more than a simple spring clean.

All of these maintenance concerns are likely to cost more than you may anticipate. Moving into a bigger home means paying a higher insurance premium and more expensive utility bills.

Appliances always need fixing, replacing or maintenance on top of the municipal rates you pay, which increase as time goes by.

How to ensure readiness for the long haul

Being both mentally and emotionally prepared for challenges that crop up is always vital. Let's look at a few examples of how you save yourself from unexpected problems that may occur if you are a first-time home buyer.

• Understand the layout of your home: Where are the water mains? How is the DB board set up? Can you access your geyser? Understanding the structure of your home can save you from wandering around trying to find where your municipal mains are flooding.

• Create a list of recommended tradespeople and emergency numbers: Unless you're a professional tradesman yourself, we advise against DIY repairs. Always keep a handy list of the following reputable tradesman in your area: Plumbers, Electricians, Security Companies, Municipal contact details (local), and general handypersons.

• Coverage is vital: Home insurance can be costly and leave you out of pocket. Be sure to choose building and household insurance and update your coverage yearly. 

Contact Ikonic Real Estate today

For Real Estate professionals you can trust and rely on for industry-related expertise, contact us below for more information.

Are you looking to live in Silver Lakes Golf and lifestyle Estate, Silver Stream Estate, Lombardy Estate & Health Spa, The Ridge Estate, Six Fountains Estate, or Willow Acres Estate and surrounding areas? Contact Ikonic Real Estate, your preferred Property Practitioner, to assist you in all aspects of selling and buying.

Office Number: 083 452 5599

Cell Number: 083 452 5599

Email: martin@ikonic.co.za

Ikonic Real Estate holds a Fidelity Fund Certificate issued by the Property Practitioners Regulatory Authority.