As we are nearing the end of 2022, change is likely at the forefront. You must have a flurry of personal resolutions for the coming year, but what about your dwelling place, where you spend a significant chunk of time besides work? If home buying is on your to-do list, you need to complete a few tasks before shopping for a custom home and if you already own a home, change your approach to refresh your living space. 

If you are stuck with ideas about building a home or changing the look of your home, here are seven significant resolutions to consider for the coming year. 

Resolutions for Home Buying

1. Saving money for the down payment

Arguably one of the most significant and daunting aspects of buying a home is arranging the down payment. Considering the high average prices of a home in Canada, you need to arrange at least 20% as a down payment to avoid taking out a high-ratio mortgage. So, it’s time you already think about ways to arrange the money. If you are planning to take a loan to buy a home, start saving immediately. But before that, get together with the reputed home builders Kelowna and get an estimate of the money you need to spend for a custom home. 

2. Credit rating and credit clean-up

Have you checked your creditworthiness lately? If you haven’t, do it right now, as most lenders will likely use this score and other factors like the debt-to-income ratio to determine your mortgage worthiness. Remember the utility bill you failed to pay a few years back? Such histories of non-payment may come back to haunt you later in the form of a negative credit rating. Eventually, you may fail to qualify for the mortgage. Before your credit rating goes wrong, consider it up to qualify for the mortgage. 

3. Getting a pre-approved mortgage 

The interest rates are rumored to go higher in the coming year. So, why don’t you get the most out of the current rates and check the houses for sale in Kelowna? Once you get pre-approval for the mortgage, your rate will be locked for a specific period. However, you may not buy a home forcibly or commit to a lender. But by getting written approval of the amount and interest rate, you can talk to home builders and shop for a house within your budget.

4. Resolutions to run your home smoothly

Are you still trying to connect with last year’s resolutions? The tradition of setting goals for the home is not only motivating but adds zeal to living. Here are a few home resolutions worth adding to the ones you may already have in mind. 

5. Get smart and get energy-friendly 

Using smart lighting, smart appliances, and smart thermostats are the key to making your home energy-friendly. The heating and cooling system will indeed have its quirks. Are you still using those vintage appliances? Get on and buy the latest devices, which may mean that you connect the system to the internet, control it through a smartphone app, and create a schedule based on your needs. You save money and heat and cool your home only when you require it. Similarly, switch to intelligent lighting systems and control the brightness and color of the living room. Get recommendations from a Kelowna home builder based on the current energy requirements and change the old appliances if you have the budget. That way, you will save energy and money. 

6. Clean your basement and garage 

The new year may be the time to kick-start the decluttering if you have unused garage and basement space. However, you may not stop there and discuss with a couple of home builders in Kelowna about turning the garage and basement into a games room, a den for relaxing with friends or family. It is even better for wine connoisseurs to use the basement as a wine room. Now, does that ring a bell? 

7. Creating an outdoor living room 

The Tower Ranch homes for sale in Kelowna may be on your list of preferences, but you can walk ahead and have your backyard designed as a living and entertaining area. If your house does not have an outdoor living area, go for one in the coming year and add some new furniture to fit your budget and mood. Dilworth Quality Homes Inc has been creating lifestyle homes for over 30 years, so get the highest level of customer care and homes to cherish your living experience from the experts. 

New Year and new home give out similar vibes. Have you thought of creating resolutions for the coming year? There is a lot you can explore, from new homes to refreshing looks. So, get up and do your best as there is no better time to implement the resolutions.

Author: Danny Simmon