You made it through the house hunting and home loan process and you are finally enjoying your Honolulu home. Now that the move is over and you are settled and back into a regular routine, there are some things you should still consider moving forward.
Supplemental Property Taxes
Depending on the county you live in, there may be a supplemental property tax statement coming in the mailbox. This is calculated by determining what your home was worth prior to having it appraised and what it is currently valued at.
Keep Up with Fixes
Part of owning a home is keeping up with necessary fixes. That window might no longer close, the water doesn’t seem to be getting hot anymore, the sink is leaking, a crack in the roof – it comes with the territory of being a homeowner. Don’t put things like this off because sometimes small things can turn into large things, and that could end up impacting the value of your home and potential equity down the road.
The Tax Benefits
As a homeowner, there are certain things you may be able to deduct on your taxes. Examples include mortgage interest and your private mortgage insurance premium.
Owning a home brings with it much joy and stability. Taking care of it and taking advantage of the financial benefits will certainly make it that much more enjoyable. If you have any questions, contact us today!