So, you’ve got the keys to your new home—congrats! But before you kick back and celebrate, let’s talk strategy. After years in real estate, I’ve seen too many buyers skip these key moves, only to regret it later. Don’t be that homeowner! Here's a 7-step checklist to help you start your homeownership journey the right way.
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1. Secure Your Home from the Start
Sure, the seller handed over all their keys—but how many copies are floating around out there? Don’t take chances. Rekey the locks or install new ones ASAP. Better yet, upgrade to smart locks for remote access and temporary codes for guests or service providers. While you’re at it, check (or install) a security system and video doorbell. Your peace of mind is worth it.
2. Rethink Your Home Insurance
I know you were probably handed an insurance suggestion by your lender or realtor, but don’t just settle for the first thing you’re given. Take a few minutes to shop around and make sure you’re fully covered. Does your policy cover potential flood damage, earthquakes, or even your prized collection of vintage vinyl? It’s time to make sure your coverage is as tailored as your new home. Plus, bundling home and auto insurance might score you some sweet savings!
3. Set Up Utilities & Snag the Best Rates
Before move-in day, confirm that your electricity, water, gas, and internet accounts are set up in your name. If you have a choice of providers, compare rates. You’d be surprised how many homeowners overpay simply because they never checked. If you’re in an area with deregulated energy markets, you may be able to lock in a lower rate for electricity or natural gas. A few calls could save you big bucks in the long run.
4. Know Your Shutoff Valves & Circuit Breaker Panel
The last thing you want in an emergency is to be scrambling for the water shutoff or circuit breaker panel. Locate these essentials now. Test your main water shutoff valve to ensure it works, and label your circuit breakers so you’re not guessing in the dark when you need to cut power to a specific area. A little prep now could prevent a major disaster later.
5. Freshen Up Your Filters & Alarms
HVAC filters can be dirtier than you think—especially if the home was vacant before you moved in. Replace them right away to improve air quality and keep your system running efficiently. While you’re at it, test all smoke and carbon monoxide detectors, replace old batteries, and swap out any detectors older than 10 years. Some home insurance policies require working alarms, and you might even get a discount for installing smart ones!
6. Seal Those Sneaky Drafts
Drafty windows and doors can quietly drain your wallet by hiking up your energy bills. Do a quick walkthrough—if you feel a draft, apply weatherstripping or caulking. If your home has outdated single-pane windows, consider upgrading to energy-efficient ones. Energy-efficient windows could lower your energy bills, and if you’re lucky, you might even score some government rebates.
7. Get Ahead with a Maintenance Plan
Owning a home means keeping up with regular maintenance—ignore it, and you could be facing expensive repairs. Set reminders for key tasks like cleaning gutters, servicing the HVAC system, and checking the roof for damage. If your home came with warranties for the roof, appliances, or HVAC, review the fine print and keep those documents handy. Future-you will thank you.
Bonus Tip: Stay on Top of Property Taxes & Mortgage Options
Property taxes can change post-purchase, especially if the home had a special exemption or a different owner classification. Check your local tax authority’s website to understand your tax assessments. Also, if your mortgage allows prepayments, consider making extra payments to cut down on interest—just confirm there are no penalties for early repayment.
Final Word: Own Smart, Stay Ahead
These steps aren’t just busywork—they’re strategic moves to keep your new home secure, efficient, and hassle-free. Homeownership comes with a learning curve, but staying proactive will save you money, stress, and surprises down the road.