Purchased a Home...... Now what....
After purchasing a home, there are several important steps to take to ensure a smooth transition into homeownership and to maintain your property. Here's a list of things to do after buying a home:
1. Secure Important Documents
- Title & Mortgage Papers: Keep the title, mortgage documents, and settlement papers in a safe place.
- Home Insurance Policy: Ensure you have home insurance in place and keep the policy documents handy.
2. Change the Locks
- For safety and security, change the locks on all external doors and visit the Post Office to change the mailbox key as previous owners or contractors may still have keys.
3. Update Your Address
- Post Office: Submit a change-of-address form.
- Banks and Credit Cards: Notify financial institutions.
- Employer: Update your address for tax and payroll purposes.
- **Subscriptions and Bills**: Update the address for utility bills, subscriptions, and delivery services.
4. Transfer Utilities
- Contact utility providers (electricity, water, gas, internet, etc.) to transfer services to your name.
5. Set Up Homeowner’s Insurance
- If you haven't done so already, set up comprehensive homeowner’s insurance to cover any unexpected damages or disasters.
6. Schedule Home Maintenance
- HVAC: Schedule an HVAC inspection and change the air filters.
- Plumbing and Electrical: Check for any issues or areas needing maintenance.
- Pest Control: Arrange for pest control if needed.
- Smoke and Carbon Monoxide Detectors: Test and replace batteries if necessary.
7. Set Up a Budget for Home Expenses
- Create a budget for ongoing expenses like property taxes, maintenance, utilities, and unexpected repairs.
8. Plan for Landscaping & Exterior Maintenance
- If your home has a yard or garden, consider regular landscaping. Check for exterior maintenance needs like gutter cleaning, roof checks, etc.
9. Familiarize Yourself with Home Systems
- Locate important systems like the **circuit breaker**, **water shut-off valve**, and **gas shut-off valve** in case of emergencies.
- Learn how to operate any security systems, garage doors, and heating/cooling systems.
10. Get to Know Your Neighborhood
- Meet your neighbors.
- Learn about local services like trash collection days, nearby grocery stores, and emergency services.
11. Check for Local Tax Breaks or Incentives
- Research if there are any tax breaks or programs for homeowners in your area.
12. Decorate and Personalize
- Begin planning and decorating to make your new home feel like your own. Start with essential furniture, lighting, and minor renovations.
13. Create a Home Inventory
- Document and photograph your possessions for insurance purposes. This can help in case of theft, fire, or other damages.
14. Review Your Emergency Preparedness
- Ensure you have an emergency plan in place and a well-stocked first aid kit.
By following these steps, you'll ensure your new home is well-maintained, secure, and ready for you to settle in comfortably.
