Owning your own home has long been part of the American dream. It's a goal most of us rightfully aspire to, and one that can often help build wealth. Indeed, 64% of Americans own a home today. If'
Prevent Homeowner Heartache
Dated: January 2 2015
Getting a new home is so exciting. There are several things to prevent homeowner heartache, here are a few to start with as you get moved in.
1. Know where the main water shutoff valve in your new home . If you are present during inspection, ask the inspector, or ask the seller. The shutoff may be a handle connected to the home or covered by manhole in yard.
2. Know where the main electrical shutoff to the power supply is for the house. If it is not already labeled, get each circuit labeled in case of future need. You can ask the inspector if you are present, or an electrician should be able to assist.
3. As we get our new home, we want to add new items, such as mailbox, pool etc.. which means digging underground. You have to notify the National Hotline by dialing 811. This is a law, not a suggestion. They will send a crew out to mark underground lines so you do not cut into them.
4. There are several agencies in Texas that are there to support us. If you diall 211 this is a 24hr referral service that can provide a lot of information, for example: day care, disaster relief, utility service, food pantries and healthcare.
5. Reducing the cost of property tax is a huge plus for anyone. Apply for the homestead exemption on your residence. It removes the part of the property's value on taxation. This exemption will be filed with the appraisal district which will help with school and county taxes. Go to Texas Comptroller of Public Accounts website for more information.
Texas Real Estate Consumer Protection Notice