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Old 06-12-2013, 06:42 AM   #1
Flames89
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Default I Just Bought A New House! What do I do now (and other info)?

Hey CP,
Well, my wife and I have finally joined the ranks of the responsibly indebted and bought a house last night in the ridiculous markets of urban Toronto.

So does anyone have any tips for new homeowners?
Good things to know?
Rules of thumb?
Moving tips?
Services to hire vs do yourself?
Etc.

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Old 06-12-2013, 06:47 AM   #2
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Looks great! The only moving tip I have is to hire movers. Moving sucks.
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Old 06-12-2013, 06:57 AM   #3
Regular_John
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Number 1 tip. You don't actually live in your new house, you now live at the hardware store.
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Old 06-12-2013, 07:17 AM   #4
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Make sure your home inspector knows what he/she is doing.
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Old 06-12-2013, 07:19 AM   #5
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My suggestion is worry about setting it up one room at a time. Equip the kitchen then master bedroom then living room etc etc. Try to complete each room or you end up like us and have 6 different projects going on at once...

Edit: CONGRATS!
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Old 06-12-2013, 07:29 AM   #6
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Burn it down collect insurance money and start fresh!
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Old 06-12-2013, 07:30 AM   #7
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Moving tip #1
Label all of your boxes
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Old 06-12-2013, 07:44 AM   #8
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Get to know your nieghbours. Even if you don't have much in common life will be so much better if you introduce yourself to them, and build at least a basic relationship.
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Old 06-12-2013, 08:10 AM   #9
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if that is truly a picture of your house, get on over to the HGTV website and start contacting Mike Holmes, Brayn Baulmer and others - get the reno on TV......

my only thought is that when you buy a hosue, you seem to find money that you never had before to go to Home Depot and spend on stuff.

My recommendation is get a Home Depot credit card. Periodically they will offer deals to cardholders, and if you buy stuff on your card, it is easy to return without a receipt. Makes it very easy to overbuy stuff if you have a bigger project, and then return the unused material when the project is done. Saves having to run to HD in the middle of the project.
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Old 06-12-2013, 08:12 AM   #10
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Quote:
Originally Posted by Northendzone View Post
My recommendation is get a Home Depot credit card. Periodically they will offer deals to cardholders, and if you buy stuff on your card, it is easy to return without a receipt. Makes it very easy to overbuy stuff if you have a bigger project, and then return the unused material when the project is done. Saves having to run to HD in the middle of the project.
I was contemplating this, but isn't it inadvisable to apply for credit so soon after getting a mortgage?
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Old 06-12-2013, 08:16 AM   #11
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Have toilet paper with you when you take possession.
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Old 06-12-2013, 08:19 AM   #12
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I highly recommend you do a budget for what you think it'll cost to equip your house with:

1) The Basics - cleaning products, garbage cans, and other mundane crap adds up like you would not believe.
2) Furniture - be patient with this. You were fine without some of this stuff before the house.
3) Mortgage Payments, Insurance, Property Taxes, Utilities, HOA fees - again, you'll be shocked at how much this stuff adds up to.

Most importantly - DOUBLE whatever you come up with for 1 & 2. I guarantee you'll forget or not even know about some stuff (like landscaping costs).
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Old 06-12-2013, 08:51 AM   #13
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fataing, fata, nm.
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Old 06-12-2013, 08:52 AM   #14
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Quote:
Originally Posted by Northendzone View Post
if that is truly a picture of your house, get on over to the HGTV website and start contacting Mike Holmes, Brayn Baulmer and others - get the reno on TV......

my only thought is that when you buy a hosue, you seem to find money that you never had before to go to Home Depot and spend on stuff.

My recommendation is get a Home Depot credit card. Periodically they will offer deals to cardholders, and if you buy stuff on your card, it is easy to return without a receipt. Makes it very easy to overbuy stuff if you have a bigger project, and then return the unused material when the project is done. Saves having to run to HD in the middle of the project.

I agree.
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Old 06-12-2013, 09:00 AM   #15
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and get a dog.

and mow your lawns at 6am on weekends.
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Old 06-12-2013, 09:03 AM   #16
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Or don't mow your lawn at all.
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Old 06-12-2013, 09:06 AM   #17
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I'm going to hop into this thread as well and ask for some help...

1) How do you attach Christmas lights?? When I move in I'll only be a couple weeks away from December so this will be the 1st thing I do.
2) I want to upgrade my shower head and kitchen sink faucet but I didn't want to pay the prices builders wanted... is it easy to replace both on my own?
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Old 06-12-2013, 09:14 AM   #18
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Shower head is very easy. Kitchen sink faucet is a bit more difficult but still an easy DIY job.
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Old 06-12-2013, 09:15 AM   #19
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Quote:
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2) I want to upgrade my shower head and kitchen sink faucet but I didn't want to pay the prices builders wanted... is it easy to replace both on my own?
No it takes a 4 year degree in Faucetry.
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Old 06-12-2013, 09:21 AM   #20
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are you a typical CP 1%er?

How old is the house?
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