Home Sweet Home: After Closing Day
The big day has finally arrived, and you are ready to close on your new home. It's probably been a huge whirlwind to get there. From saving money, filling out a mountain of paperwork, and choosing the right property, you've come a long way. Now that the closing is over, what's next? Here are some things you may want to take care of before you celebrate your accomplishment with a housewarming party.
Details — After the closing is complete and you have the keys to your new home, make sure to keep a copy of the closing documents in a safe place should you ever need them. Also at closing, determine the status of the home's utilities, like water, sewer, gas, electric. Utility bills should be paid in full by owners at closing, and have all services transferred to your name if possible. You may need to call some of the utility companies yourself, so try to get those contact numbers from your Realtor or the seller at closing. Also, a couple of weeks after closing, contact your local register of deeds office and confirm that your deed has been officially recorded.
Perform Needed Repairs and Change Decor — During the time after the seller has accepted your offer but before closing, you may have thought about various changes you would like to make to the property before moving in. Before the moving truck shows up, consider painting, redoing hardwood floors, or adding window treatments. Use your AAA membership to save 25% off the retail price of paint and sundries at PPG. This is also the best time to change locks, add your name to the mailbox, and measure everything for future decor purchases.
Move In — When the closing is over, you become the owner of the property. You will be allowed to take possession immediately or shortly after the closing unless you have made an agreement with the seller otherwise. If you can't move into your new home for a period of time, check out SpareFoot for affordable storage options, where AAA members receive the first month free plus a $20 Amazon gift card. Once you are packed and ready to go, use your AAA membership to receive 12% off one way and local truck rentals when reserving online or by phone with Penske. If you would rather leave the move to the professionals, use Atlas Van Lines and save an average of $600 with your AAA membership.
Protect Your Investment — For most homeowners, the home is their largest asset, so it is important to protect your investment. Take photos or videos of your home before you move in so that you remember where outlets are located and what the house looked like brand new. In the unlikely event of a fire or flood, you will need those pictures in order to be able to restore your home. Once the furniture is in, take an inventory of everything in the house with a list and additional photos of personal property. Keep these photos in a safe deposit box or in online storage to ensure safekeeping.
This is also a good time to make sure you have adequate protection for any gaps in your homeowner's insurance. AAA's Deluxe Home Protection safeguards against loss from theft, storm, fire damage, and even damage from floods or earthquakes. AAA provides American Home Shield home warranties, flood insurance, and First Protector disaster mortgage insurance.
These steps may seem excessive, but buying a home is a major purchase. Having a safe and secure start will give you the peace of mind to relax and enjoy your new surroundings. Contact your local AAA Insurance Agent, or give us a call at 1-866-315-1252 and we can help you make sure you have the right insurance products for your new home.