Do these 5 things as soon as you move into your new home

Tyson T Reeves
Tyson T Reeves
Published on July 30, 2018

 

In all the excitement of moving and trying to get settled in the new home, the last thing you want is a honey-do list, right? Some things, however, shouldn’t be put off but need to be taken care of now.

So, push the boxes aside for a day or two and let’s get ‘er done!

Do these 5 things when you move into your new home

1. Change the locks

Although this may seem like a no-brainer, changing the door locks on a new home is something many homebuyers neglect doing. Hey, when you consider all the little details that need attention, such as changing over the utilities, registering the kids in new schools and ensuring everyone has your new address, something is bound to fall through the cracks.

Since you don’t know exactly how many people have keys to the home and who they are, put this one at the top of your to-do list.

Unless you’re opting for a smart lock, changing the locks on a door is a common DIY project and costs very little.

Water meter and main shutoff

2. Locate your home’s main water shutoff valve

Scrambling to figure out how to shut off the water in your new home wastes precious time in an emergency. Scout out the location of your main water shutoff valve now and share the location with other household members.

Unfortunately, there are a number of places that it could be located. In cold-climate areas you’ll typically find the water shutoff valve somewhere indoors, such as in the basement. In warmer weather regions it may be located outdoors or in the garage. If the home is on a slab foundation, check for the valve near the water heater.

home closing documents

3. Secure your home purchase paperwork

Before putting away all those documents you signed at closing, make copies of them and store them in a safe place, off-site. No, you may not need to refer to this paperwork, but then again, you may, so it’s a good idea to keep everything.

While you’re in the paperwork groove, consider purchasing an accordion file and use it to hold all the paperwork you’ll accumulate as a homeowner. This includes receipts for repairs and improvements, insurance information and warranties.

It is also a good idea to keep all of the manuals for your appliances, updates and upgrades. When it comes time to sell the home, you’ll be glad you have all of this important information in one place.

home maintenance and repair fund

4. Start a Repair Fund

Yes, you paid a whole lot of money at the closing table. Routine maintenance and emergency repairs need to be factored in as well.

“No one can be fully prepared for the unexpected,” Pamela Capala, Brooklyn NY financial planner tells NerdWallet.com.

But a savings account, dedicated specifically to pay for home maintenance and repairs can go a long way toward being prepared.

Most financial experts say to set aside 1 to 2 percent of the home’s value for both maintenance and repairs. For example, if your home is worth $250,000, you should build up from $2,500 to $5,000.

It wouldn’t be a bad idea to set up a monthly amount that automatically deducts from your pay and sent to the dedicated savings account.

Deferring routine maintenance may impact your home’s future value, by the way and you wouldn’t want that. Catching a problem before it has a chance to grow can literally save you thousands.

home air filters

5. Replace your air filters

Changing an old HVAC filter just one time is enough to convince many of us to make changing them a routine. Sadly, that isn’t the case. Many homeowners neglect this inexpensive and easy home maintenance chore and end up breathing in that brown fuzz that clings to old filters.

Not only that, but they’re setting the entire system up for failure. “A system that has a dirty filter can suffer from pressure drop, which can lead to reduced air flow, or ‘blow-out,’ resulting in no air infiltration at all,” according to Nick Gromicko and Kate Tarasenko for the International Association of Certified Home Inspectors (InterNACHI).

Change the filter in a busy household with kids and pets once a month, otherwise you may be able to wait three months before installing a new one. Learn how to change the filter at thefamilyhandyman.com.

Powered by WPeMatico

Do these 5 things as soon as you move into your new home
Please use a valid email.
Please use a valid phone.
Please fill in all fields.
view now
close
Save On Commission
Find Out How