You’re a homeowner, and that title brings some new responsibilities. Some of these responsibilities hit you like a truck because they come as soon as you get your keys. The following are 10 things you need to do now that you’re a homeowner.
1. Finalize Mortgage Details
Just because you’ve gotten to the final underwriting doesn’t mean everything is done. You’re going to have to wait for the lender to verify everything. Technically, you are a homeowner now, but you won’t get the keys just yet. You’re going to be given some final documents to sign.
Be sure you sign the documents and send them off as soon as possible. The longer you wait, the longer it’ll be before you get the keys. After all that, you’ll need to pay the closing costs, and now you’re a full-fledged homeowner.
2. Arrange for Extended Home Inspections
It’s important to arrange for extended home inspections. You’re the owner now, and that means issues with this house are now your responsibility. The best way to deal with issues concerning your house is to know what they are.
This is the reason you need to arrange for extended home inspections. You need a list of everything that’s wrong with the house you purchased. Call specialists who can help you deal with whatever is on that list so that you can get some prices and choose who to work with.
3. Plan Logistics for Moving In
The next thing you need to start working on is moving in. This may not seem like such a big deal, but it can turn into a logistical nightmare if you don’t plan the move out well. Ideally, you made sure all boxes were labeled correctly.
If so, you can just tell the movers to place all boxes in the rooms they belong in. Sometimes, it’s easier to have all furniture moved in first before you start opening up any boxes. Furniture makes it easier to know where you’ll be putting stuff when you start unpacking.
4. Creating a Short-Term and Long-Term Renovation Plan
Now that you’re the homeowner, you can start making those changes you couldn’t wait to make. It’s okay to be excited to make a few changes. Every homeowner needs to renovate to start making their new house feel like home. The problem is you need to stick with smaller updates after closing.
You’ve just made a big purchase and have exhausted some of your financial nest. Plan for bigger changes like a kitchen renovation later on so that big expenses don’t happen at once. Stick to smaller things like adding an accent color or getting some landscaping work done. You want smaller tasks to give yourself some time to rebuild your savings.
Moving into a home is hectic. You’re signing paperwork left to right, dealing with moving in and decorating, and much more. You’ll be surprised how often a homeowner forgets the details, which could cause bigger issues later on.
You don’t have to deal with this because most of these issues are preventable. For example, one thing some folks forget when they’re moving is to change their address. This can be done easily online, and you can usually update your license online as well. Be sure to change your official mailing address.
6. Purchase Home Insurance
Anything that happens to your property and property is now your responsibility. Accidents and problems come at any time. They can even come before you’re able to rebuild your nest egg. This is a scary idea because it only takes one fallen tree to turn your life upside down.
You’ll want to find good home insurance as soon as you can. Try your best to find someone who can cover multiple things. Home insurance providers usually offer some kind of bundle deal so that they cover not only your home but your vehicles and much more.
7. Arrange for Home-Cleaning
If you’re moving from an apartment, this is going to be a big adjustment. You’ll have to get used to cleaning a bigger house. A home is large, and cleaning it could get pretty tiring, especially when you have to do this every week or so.
The good thing is you don’t have to do this on your own. No, this isn’t about forcing your kids to do it with you. All you need to do is consider hiring a cleaning service to come every week or so. These folks can take care of your home in no time and can even use natural cleaners if you prefer.
8. Get Familiarized in your New Neighborhood
This is your new home, so go ahead and repeat that to yourself a few times. It is fun to do, but now it’s time to realize that this is your new neighborhood, too. Everything in this community is yours now.
You get to enjoy the little things the community offers, but the first thing you have to do is get to know the community. Find out where the parks are, where the community centers are, and find out anything else that interests you as a new community member. Consider driving around the community without a destination in mind to get a feel for it.
9. Introduce Yourself to your Neighbors
Yes, getting to know your community is important, but it doesn’t cover everything. You also need to find the time to introduce yourself to the community, especially your neighbors.
Sometimes, your neighbors will come welcome you and your family into the community, but if they haven’t done so, don’t hesitate to introduce yourself. You want to be on everyone’s good side. These are the folks you’re relying on to keep your home safe. Neighbors will be there when you have fun at community events.
10. Create a Maintenance Plan for your Home
A home needs to be maintained. Yes, many of the components of a home are meant to last for years, but that doesn’t mean they can be ignored. You need to make sure you create a plan that’ll keep your home in good condition.
Having your home inspected often is a good thing, but you also need to have a plumber, an electrician, a roofer, and an AC specialist come to your home regularly. Catching issues early is pretty important because that means those issues will cost you a lot less, and you want that as a new homeowner.
Now, you know 10 important things all new homeowners should know. There’s still a lot more to learn, but you have all the time in the world.