What Should You Do After Buying a House?

hey Kyle here with win the house you love calm in this video we're talking about what should you do after you purchase a home maybe you're about to close on a home or you've already closed and you're thinking alright we just went through one of the most stressful things in the world what do we do next so we're the next steps to make sure that we get everything in line and purchasing a home can feel weird because you just went through probably a month or longer of searching and closing on your home and it was stressful and you were asked for a lot of different documents and questions and the processes were new and then you're gonna move in and all of a sudden everything slows down or you might have some anxiety because everything slowed down thinking do we have everything in check are we doing everything we should be doing so we're gonna cover three main things that are going to help you understand if there's anything else you need to do with the home that you just purchase okay we're gonna cover transfers security and documents number one transfers what we need to do is transfer the ownership of the utilities and everything that was involved that house over to you alright so for instance we need to transfer water gas electric cable Internet these basic utilities with the property now your Realtor might have helped you manage the transfer of utilities from the seller to you maybe a little bit before closing or on closing day usually that's best because what can happen is you know utility companies can be difficult to work with sometimes and if things are not lined up properly and then there might be delays in the service they provide but you can reach out to each of these companies and just make sure that everything is working billing is set up correctly also we need to change the address for your employer and creditors as well the creditor is not so big of a deal right if if they don't know where you live it's not a huge deal in the world eventually you want to get that updated the main thing you do want to get updated though is your address with your employer and the main reason why is because they need to make sure that they're withholding taxes correctly all right if you're self-employed this isn't going to matter as much because you don't have an employer talk to about this with but if you are employed you want to talk to your HR department or accounting and you want to get your address changed that way you pay taxes correctly alright if you don't get this change then you're gonna have some tax problems probably near the end of the year also you can go to the post office and get mail forwarding and what they'll do is if mail goes to your old address they're gonna forward that to your new address for you that way whoever lived in your old place they're not gonna get mail and you're not gonna be missing mail in your new home also let's jump over here to security security is a really big deal when you move into a new home and the reason why is you're not familiar with this house you don't know the ins and outs of it structurally or it's security wise and especially with the locks you don't know what kind of keys are floating around right the the seller could have given a key to you know whoever that watch the dog a couple years back when they were out on vacation so you don't know what keys who has what passcode combinations who has garage door openers so you want to try to get those things secure it as much as you can so changing the locks changing key codes on doors on garages and if you can changing the frequency on your garage door as well it's really not that difficult you kind of mess with a few dials and mess the few dials on the receiver just to make sure that nobody has access especially because it's super easy to do things like program a garage door opener in your car and then you know that's never going to be people are always going to have access if they have that same pen lined up so keep in mind you want to have your security in check so replace locks change keypad numbers change garage door opener codes as well also check for smoke detector detectors carbon monoxide detectors who knows if they even work if they have batteries in them it's one of those things that we hear it's kids all the time and you know the importance of fire safety but it really is important to make sure that's moving into new home tests these things make sure that you're providing safety for you and your family also we want to locate the breaker panel the breaker panel is gonna control the electricity in your home and is going to be helpful if you have whenever you need to turn off electricity or if you have electrical problems or a circuit breaks and you needed to flip that back on go ahead and locate that breaker panel when your power is still working that's gonna be helpful for you in the future also look over for water and gas mains okay the last thing that you need if you have a pipe that breaks or a faucet that breaks is to have water spilling and you have no idea how to turn it off saying that goes with gas gas is a lot more dangerous if something like that were to happen so try to find those mains now before any issues arise that way if they do hopefully they don't but if they do you know how to show them off really quickly and let's finally move over to documents okay so number one if you purchased your home with a mortgage then make sure you set up your mortgage billing it can be very easy in the whole moving process to forget about your mortgage you definitely want to make that first payment on time and most of the time your payment is gonna be a little delayed so what ends up happening is you skip a month and then you do on the first of the prior month or I'm sorry Honda on the following month so for instance let's say you closed in January because anywhere in January it doesn't matter if you calls on the first or the 31st so let's say we closed on January 15th we skip all of February and your first payments to March 1st so you can see how long it takes for your first payment to be due you might get reminders from your mortgage company you might not but make sure that you set up your billing just go ahead and get it set up now that way you know either who to send a check to or you're setting up auto drafts or you know the website to go to just get it set up now that way you don't scramble when all of a sudden you remember you know the end of February oh shoot I have a mortgage payments make it have no idea where to send it okay also either purchase or review your home warranty and put it in the utility room okay you can either choose to get home warranty or not maybe it came inside your contract maybe the seller purchased it that was something that you negotiated that happens very often if you've got a home warranty review it so you know what it covers and what it doesn't cover so that you know something doesn't break and then you're upset about it covering or not covering and also put it in your utility room it can be easy to you know you don't wanna spend money on a home warranty or have a seller pay for a home warranty and then never use it or want to use it and forget where it's at just put it in the utility room it's a really easy place to keep it most of the stuff in there is gonna be covered by a home warranty anyway so let's just have the home warranty information there okay also we want to review your home inspection so if you did a home inspection on the property use that as a to-do list so same thing you can put it in the utility room if you want to but that home inspection is just gonna list things that might be good to get fixed so if you look at selling the property here in the future you now have a really solid list of items that a buyer is going to look at right another inspector is going to come in and probably call out the same items so that's gonna be a really good place to start your to-do list if you're wanting to look at increasing the value of your property right you can also do all the other repairs that you want to do but make sure you look at what the inspector called out because those are gonna be good things to fix okay last but not least is thorough junk mail a really big bummer about purchasing a home is that in most counties it's all public record so what ends up happening is your name and your address now just went on public record and there's probably a mortgage with it that might contain other information as well so ends up happening is a lot of companies find new homes put on that you know that just transferred sale and they're going to send you tons of mail so you're gonna get offers for you know different house work you're gonna get offers for refinancing even a day after you closed on your home you're gonna even get offers I've seen people offer a copy of a deed for $100 you're going to get a copy of your deed from your title company and you can pull a free version online and print it out anytime you want so you're gonna see a lot of these scam companies who just send tons of mailers and junk mail out to you just throw em away they're all gonna look very very official but most of them are not going to be beneficial to you at all so that's something to keep in mind especially refinance offers you're not gonna want to refinance properly for an additional six months minimum if you refinance any earlier than that you're probably gonna lose money and fees so something to keep in mind and also this doesn't fit in a these categories but enjoy your house it's easy to get caught up in you know everything that's going on all the commotions of you went through either selling a property or moving from somewhere else you're in a new home you're trying to get acclimated and all the while there's so much else going on in your life it's easy to not take a moment and slow down but if you can go through these things make a checklist plan them out when you're gonna do them but take a moment to just appreciate the fact that you went through this process you survived you learned a lot you understood a lot hopefully it helped you understand more about who you are and who other people are and it's a big deal to purchase a home right not everybody does it or does it well so enjoy your new home hope this helped you understand a good idea of what to do after you purchase if you have any questions let me know thanks so much for watching

Channel: Win The House You Love

Views: 28,968

Rating: 4.9629974 out of 5

Keywords: What Should You Do After Buying a House?, What to buy after buying a house?, What not to do after closing on a house?, What to do after closing?, what to do after you buy a house, what to expect after buying a house, first things to do after buying a house, win the house you love, kyle seagraves

Id: bD2w9p42Vbg

Length: 10min 12sec (612 seconds)

Published: Tue Feb 18 2020