Written by Stacey Wills   |   Posted on   |   56 views

With the new year right around the corner, you may be planning your personal resolutions for 2023. Most of these resolutions are about self-improvement—learning new skills, starting a hobby, eating healthier, and even hitting the gym.

But what about Home Ownership Resolutions?

Your living space and how it is maintained will also have a major impact on the quality of your life too. So make the effort to ensure these things are a priority in 2023 and see how you’ll reap the benefits of an improved lifestyle!

  1. Set up an emergency fund
  2. Make an inventory of your home
  3. Review your current homeowners insurance policy
  4. Try to be more energy efficient in your home
  5. Keep on top of cleaning
  6. Address home repairs sooner than later

Let’s dive into each of these one by one:

2. Make an inventory of your home belongings

A home inventory is a record of all the valuable belongings that you own, along with their approximate value and the receipt if you still have it. While it may seem strange to document these items, it can be very important in an unfortunate event like a natural disaster or burglary.

Having a file of photos and the approximate values of your items you’d want replaced after an emergency will also help get insurance claims settled quicker and more accurately.

Here are some personal belongings that a homeowner should take inventory of in case of theft or damage::

  • Electronics: This can include laptops, tablets, smartphones, TVs, and other devices.
  • Furniture: This can include couches, chairs, tables, beds, and other pieces of furniture.
  • Clothing: This can include all the clothes in the home, including shoes, coats, and other accessories.
  • Heirlooms: Heirlooms are sentimental items that have been passed down and can be of significant value.
  • Appliances: This can include refrigerators, ovens, washing machines, and other large appliances.
  • Jewelry: This can include all types of jewelry, including rings, necklaces, and earrings.
  • Art: This can include paintings, sculptures, and other pieces of art.
  • Collectibles: This can include stamps, coins, sports memorabilia, and other collectible items.
  • Musical instruments: This can include guitars, pianos, and other instruments.
  • Tools and Equipment; This includes power tools, hand tools, equipment, and anything used around the home

It’s a good idea to keep a detailed inventory of the above items, and take photographs or receipts if possible. If you already have a home inventory, just make sure that it’s up to date by removing items you no longer possess and add any new items as you acquire them.

4. Be more energy aware in your home

These days we are all feeling the pinch with increased energy bills. As energy costs rise, it’s important to look for ways to save at home.

Making small adjustments to your lifestyle is a great place to start saving money.

  1. Reduce energy consumption: One of the biggest expenses for homeowners is energy, so reducing energy consumption can lead to significant savings. This can be done by using energy-efficient appliances, sealing air leaks and insulating the home, and using energy-saving light bulbs.
  2. Use water efficiently: Another significant expense for homeowners is water, so using water efficiently can also lead to savings. This can be done by fixing any leaks, installing low-flow showerheads and faucets, and watering plants and lawns wisely.
  3. Grow your own food: Growing your own food, whether it’s fruits and vegetables or herbs and spices, can be a fun and rewarding way to save money on groceries. Even a small home garden can produce a significant amount of fresh produce, and it can also provide an opportunity to connect with nature and the environment.
  4. Reduce, reuse, and recycle: Reducing waste, reusing items instead of buying new ones, and recycling can all help homeowners save money. This can be as simple as using a refillable water bottle instead of buying single-use plastic bottles, or repurposing old furniture and other items instead of buying new ones.
  5. Do it yourself: Many homeowners are surprised by how much money they can save by doing home repairs and maintenance themselves, instead of hiring a professional. With the right tools and some basic knowledge, homeowners can tackle a wide range of projects around the home, from fixing a leaky faucet to painting a room.

There’s no need to think about big-ticket items such as solar panels or hybrid cars to make a difference (although that’s great if you can!). Simply staying committed to a practical list and being mindful can go a long way to lowering your energy bills.

6. Address home repairs sooner than later

Similar to maintaining your housecleaning schedule, it’s important to keep on top of home repairs.

When you neglect things like clogged gutters, cracking caulking, leaky faucets and electrical issue, they can turn into worse problems for your property and become more costly to fix as time goes by. A properly maintained home means that more costly repairs won’t be necessary in the future.

You can start by making a list of things you notice that need to be fixed. By devoting a couple hours on a weekend, you may be able to knock off a few items from the list each month in 2023. You can read our article on Getting To Know The Mechanical System Of Your New Home.

Make this the new year when your home “to-do” list is kept up and taken care of with dedication to success!

*All information provided by the Brantford Regional Real Estate Association (BRREA) for the highest sales volume and highest number of completed transactions since January 1, 2015. All Brantford MLS® House Listings come from the various systems operated by Real Estate Boards and Associations across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used underlicense. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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