If you bought a home last year, you’re probably still in your “honey moon” stage where every thing feels fresh and new. Depending on how long you’ve been wanting a home, this could feel like one of your biggest achievements.
Even though you’re excited, there are some things you should do to make the most out of your purchase. First, check to see if you qualify for a homestead exemption. This waves the tax you’ll owe on the property as long as that’s your primary residence. Note: Some states do not offer this.
Also, upgrade your home insurance when you add any new upgrades such as hardwood floors or a new back yard deck.