Becoming a homeowner is a major accomplishment, but it’s no easy feat—and the work certainly doesn’t stop the week you sign all the papers and get the keys. So, hold the Champagne toast and sage smudge just one moment—there’s one final checklist to do the week before you pass papers.
This all may seem daunting, but we’ve got your back. It takes only five simple steps to ensure you’re ready to climb up your new front steps with a big smile. Keep reading to learn about the tasks you should tackle first, which include getting a home insurance quote from a reliable brand like State Farm® and setting aside money for appliance repairs and replacements.
Review Your Inspection Report
While it’s not always required, it is always a good idea to get an inspection before you buy or sell a house. Inspectors check the electrics, plumbing, and HVAC systems as well as look for signs of mold and water or fire damage, and for potential safety hazards. And while you’ll definitely want to have reviewed the report for all of the above before you sign your name on any dotted lines, once that’s done, it can also serve as a helpful guide for repairs you might want (or need) to do in the future. For example, it might let you know that, although it’s working fine right now, your water heater is old and nearing the end of its life. Making a note of that information now will give you a chance to save up for a new one.
Get an Insurance Quote
A home is a major investment—one you need to protect with homeowners insurance. (In fact, some lenders won’t grant a mortgage without it.) The loss, or partial loss, of your property and everything inside to theft, fire, or another disaster would be costly—but you won’t need to stress, because State Farm makes it easy to secure coverage. You can get a quick quote online, then work with a local agent to select the coverage that fits your needs. The best part? You’ll always feel supported, especially if things get complicated, since you can call, text, or use the mobile app 24/7.
Invest in a Home Warranty—or Start an Emergency Fund
In addition to insurance, you might want to get a home warranty, which will help cover the costs associated with repairing and replacing covered appliances and systems. This extra layer of protection can be especially helpful if you’re moving into an older house, or one that has older appliances. Alternatively, you can set up an emergency fund for house-related expenses, which can be significant (and are often sudden and unexpected).
Familiarize Yourself With Neighborhood Rules
If you’re part of a homeowners, condo, or neighborhood association, check out the bylaws and any rules or regulations to learn about landscaping expectations, how many vehicles you can have, what colors you can use on the exterior of the house, and more. This is particularly important if you’re planning to make any changes to the property, whether right away or down the road. You should also ensure you understand your plot’s deed restrictions—which might outline things like the type of fencing you’re allowed to use, how many stories high your property can be, and whether or not you can build adjacent structures.
Don’t embark on this exciting and new venture alone. State Farm is here to help.
