Here are the first steps to take as a new homeowner.
After you’ve closed on your home, you might be worrying about packing, changing your locks, and beginning the move-in process. However, these aren’t the only steps that you need to take as a new homeowner. Buying a home introduces many new responsibilities, and it’s important that you stay on top of them. To be a responsible homeowner, here are some things you should take care of.
Create a Home Inventory
Packing is a great time to inventory your belongings if you do not already have a home inventory. Because you have to take the time to pack things anyway, you should also document your valuables, note their current condition, and research the item’s value. As you move into your home and accumulate new things, you can simply update your inventory instead of starting from scratch. Having a comprehensive home inventory will make it easier to file insurance claims in the future.
Set Aside an Emergency Fund
While purchasing a home likely depleted your savings, it’s important that you do your best to continue saving. For instance, set aside an emergency home fund to take care of any unexpected repairs that your home might require. While your home insurance will take care of some emergency damages, routine repairs are your responsibility. Setting aside money for this purpose helps you deal with small issues before they become more serious.
Make a Maintenance Plan
Keeping up with routine maintenance tasks is the best way to prevent more serious issues down the line. This is why you should make a plan or schedule to keep up with your home’s maintenance needs. For instance, make a list of tasks to take care of on a weekly, monthly, quarterly, and annual basis. This will help you ensure that your home remains in good shape for years to come.
These are some of the steps you should take to be a responsible new homeowner. Remember, your new home also requires the right insurance protection. For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.