5 Things All First Time Home Buyers Need To Do After They Close On Their House

Congratulations! You've just closed on your first home. Now that the keys are in your hands, it's time to start thinking about what comes next. In this article, we'll explore five crucial things that all first-time homebuyers should do after closing on their house. From securing a Home Warranty to setting up a home maintenance plan, these steps will help ensure a smooth transition into homeownership. Let's dive in!

#1 Securing a Home Warranty 

 

Purchasing a home is one of the most significant investments most individuals will make in their lifetime. Along with this monumental decision comes the inherent risk of unforeseen repairs and system failures. This is where a home warranty becomes invaluable. A home warranty offers homeowners peace of mind by covering the costs of repairing or replacing major systems and appliances that break down due to normal wear and tear. Instead of facing unexpected and potentially hefty expenses shortly after moving in, homeowners can rest easy knowing they're protected. Moreover, a home warranty simplifies the repair process by providing a go-to solution for sourcing qualified professionals to address issues promptly. In essence, a home warranty not only safeguards your investment but also ensures a smoother transition into your new home. Many home buyers will ask the seller to buy their home warranty when they write up the contract for the purchase of their home. If you did not have the sellers buy one make sure you buy one yourself for peace of mind!

 

#2 Making big repairs on your Home Inspection

 

Once you have closed on your new house, Make any major repairs you found on the home inspection. This step is vital to ensure that there are no hidden issues or repairs needed in your new property. When you purchased your property you should have completed a home inspection. If you did not get your home inspected, do that ASAP! Hiring a professional inspector will give you a comprehensive report on the overall condition of the house, including the foundation, structure, electrical systems, plumbing, and more. The inspection will help you identify any potential problems that may require immediate attention. It is important to be present during the inspection to ask questions and gain a better understanding of the property. Remember, a home inspection can save you from future headaches and unexpected expenses, so don't skip this important step in the home-buying process. Once the inspection is complete if you are still in your inspection window you can negotiate with the sellers for repairs. If you have already closed, Any repairs they did not complete that you want done should taken care of ASAP if they are any of the above-mentioned major repairs. 

 

#3 Updating Your Address and Utilities

 

Updating your address and utilities is an important task after closing on your new home. First, make sure to notify the post office of your change of address. This will ensure that your mail gets forwarded to your new home and that you don't miss any important documents or bills. Next, update your address with all your financial institutions, including banks, credit card companies, and insurance providers. It's also crucial to update your address with government agencies such as the DMV and the IRS. Additionally, don't forget to update your address on important accounts like your driver's license, voter registration, and any subscriptions or memberships you have. Finally, contact utility companies to transfer or set up new accounts for electricity, water, gas, internet, and any other services you may need. Taking care of these tasks promptly will help ensure a smooth transition to your new home.

#4 Setting Up a Home Maintenance Plan

 

To ensure the upkeep of your new home, it's important to set up a home maintenance plan. This plan will help you stay on top of regular maintenance tasks and prevent any potential issues from becoming major problems. Start by creating a schedule for routine tasks such as cleaning gutters, changing air filters, and inspecting the HVAC system. It's also a good idea to keep a record of any repairs or maintenance that you have done, as this can be helpful for future reference. Additionally, consider setting aside a budget for unexpected repairs and emergencies. Regularly inspecting your home and addressing any issues promptly will not only save you money in the long run, but also ensure that your new home remains in top condition for years to come.

 

#5 Familiarizing Yourself with Local Services and Amenities

 

Start by familiarizing yourself with local services and amenities in order to make the most of your new neighborhood. One of the first things you should do is locate the nearest grocery stores, pharmacies, and hospitals. Knowing where these essential services are located will save you time and stress in the future. Additionally, take the time to explore the nearby parks, restaurants, and entertainment options. This will help you discover new places to enjoy and meet your neighbors. Research the local schools and libraries as well, especially if you have children. Understanding the quality and proximity of these services will be important for your family's well-being and convenience. By familiarizing yourself with the local services and amenities, you can start to feel at home in your new neighborhood.

 

Frequently Asked Questions

 

How can I find the best homeowners insurance policy for my new home?

 

To find the best homeowners insurance policy for your new home, research various providers, compare coverage options, consider deductibles and premiums, and read customer reviews. It's important to choose a policy that suits your specific needs and offers adequate protection.

 

What are some common red flags to look out for during a home inspection?

 

Some common red flags to look out for during a home inspection include structural issues, water damage, faulty electrical systems, plumbing problems, and signs of pests or mold. These issues should be addressed before closing on a house.

 

What steps should I take to update my address and utilities after closing on my house?

 

After closing on your house, you should update your address with all relevant parties, including the post office, banks, and government agencies. Additionally, contact utility companies to transfer or set up new services at your new address.

 

What are some important home maintenance tasks that I should include in my maintenance plan?

 

Important home maintenance tasks to include in your plan are checking and changing HVAC filters regularly, inspecting and cleaning gutters, testing smoke detectors and carbon monoxide detectors, scheduling annual HVAC maintenance, and sealing windows and doors for energy efficiency.

 

How can I find out about local services and amenities in my new neighborhood?

 

To find out about local services and amenities in your new neighborhood, explore community websites and social media groups, reach out to neighbors for recommendations, visit local businesses, and attend neighborhood events.

 

Conclusion

 

In conclusion, there are several important tasks that first-time home buyers need to complete after closing on their house. Securing homeowners insurance is crucial to protect their investment. Completing a home inspection ensures that any potential issues are addressed early on. Updating their address and utilities ensures a smooth transition into their new home. Setting up a home maintenance plan helps them stay organized and keep their property in good condition. Lastly, familiarizing themselves with local services and amenities helps them settle into their new community.

 

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