What To Expect After Closing: Essential Steps for New Homeowners
Congratulations on closing the deal and becoming a proud homeowner! After a buyer successfully closes the deal on their new home, it's common to feel a sense of uncertainty or wonder “now what”, especially for first-time homebuyers. This blog post serves to provide clarity by outlining the initial steps you should prioritize immediately following the closing of your new home.
Changing the Locks on the Door
One of the first and most crucial steps after closing on your new home is changing the locks on the doors. This ensures that you have full control over who has access to your property. Hiring a professional locksmith to install new locks or rekey existing ones is a wise investment in your security and peace of mind.
Putting Utilities in Your Name
Next on your checklist is to establish utility services in your name. This typically includes electricity, water, gas, and internet. Contact the respective utility providers well in advance to schedule the transfer of services. This step ensures that you have essential amenities up and running when you move in.
Changing Your Mailing Address
Don't forget to update your mailing address with the postal service, banks, credit card companies, and any other important institutions. This prevents important mail from getting lost and ensures that you receive bills, statements, and important documents promptly. Make sure you have your mail from your prior residence forwarded to your new address.
Setting Up Garbage Service
Proper waste disposal is crucial for a clean and healthy home environment. Contact your local waste management company to set up garbage and recycling services. They will provide you with guidelines on pickup schedules and recycling procedures in your area.
Safely Store Closing Documents
After closing on your new home, you'll receive a stack of important documents related to the purchase. These documents include the closing statement, mortgage paperwork, title insurance, and more. It's crucial to keep these documents safe and easily accessible. Here's how:
Create a Digital Backup: Scan and save digital copies of all your closing documents. Store them on a secure, password-protected cloud storage service or an external hard drive. This ensures that you have a backup in case the physical copies are lost or damaged.
Organize a Physical File: Organize a dedicated file folder or binder to store the original hard copies of your closing documents. Consider using plastic sleeves to protect them from wear and tear.
Certainly, let's incorporate those additional steps into the comprehensive guide:
Safely Store Closing Documents
After closing on your new home, you'll receive a stack of important documents related to the purchase. These documents include the closing statement, mortgage paperwork, title insurance, and more. It's crucial to keep these documents safe and easily accessible. Here's how:
Create a Digital Backup: Scan and save digital copies of all your closing documents. Store them on a secure, password-protected cloud storage service or an external hard drive. This ensures that you have a backup in case the physical copies are lost or damaged.
Organize a Physical File: Organize a dedicated file folder or binder to store the original hard copies of your closing documents. Consider using plastic sleeves to protect them from wear and tear.
Safe Deposit Box: For an extra layer of security, you may want to consider renting a safe deposit box at your local bank. This is an ideal place to store valuable documents like your mortgage agreement and property deed.
Update Your Driver's License
With your new address, it's essential to update your driver's license or state ID to reflect your current residence. By updating your driver's license, you'll ensure that your official identification accurately reflects your new address, making it easier to complete other administrative tasks such as voter registration and vehicle registration.
As you embark on this exciting chapter of homeownership, remember that your trusted real estate agent is here to support you every step of the way. We hope this guide has provided you with valuable information on what to expect after closing. By following these essential steps and taking proactive measures, you'll ensure a smooth transition into your new home. If you have any questions or need further assistance, please don't hesitate to reach out. Welcome to your new home!