Your home purchase will be one of the most important investments of your life. Unlike a rental situation where the landlord or property owner is responsible for upkeep and repairs when you own the home, these become your responsibilities. To ensure your home remains safe, comfortable, complies with county/city housing code, and grows in value, consider the following recommendations. 

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Homestead Exemption. In most metro Atlanta counties, homeowners residing in their home can apply for Homestead Exemption and save considerably on their tax bill. Homestead Exemption is not automatic, you must apply in person or online. Learn more at your county's website. 

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Post-Purchase Counseling. Did you know that housing counseling organizations also offer “post-purchase” counseling to help you learn how to protect your investment and remain in your home? Learn how you can build equity in your home and more! Ask your housing counselor about post-purchase counseling.

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Home Warranty is essentially an insurance policy you pay (not to be confused with homeowner’s insurance) to cover the cost of repairing many home appliances if they break down. These warranties typically cover electrical, plumbing, heating and cooling systems as well as washer, dryer and kitchen appliances. 

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Homeowner’s Insurance is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at home. Additionally, homeowner’s insurance provides financial protection against disasters. 

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Home Maintenance is an essential aspect of being a homeowner. Keeping your property in good shape will ensure your safety and comfort as well as yield a higher value when you decide to resell. The average person sells their home within seven years.  

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Property Taxes. If you fail to pay your property taxes in Georgia, the past due amount becomes a lien on the home. If you don’t pay the taxes, your property may eventually be sold. 

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Foreclosure Prevention. If you have difficulty paying your mortgage, don’t ignore the problem. Contact your lender as soon as possible. Contact a HUD-approved housing counselor to help create a plan to get you back on sound financial footing.