After the Closing: A Homeowner's Checklist

by: Attorney Noyes

11/7/20231 min read

Closing on a home is an exhilarating milestone, but the homeownership journey doesn't end when the final papers are signed. There are crucial steps to take post-closing to ensure a smooth transition into your new role as a homeowner. At Noyes & Associates, we believe in empowering our clients with knowledge beyond the closing table.

Settling Into Homeownership: Key Post-Closing Actions

1. Review Closing Documents: Securely store your closing documents, including the deed, title, and settlement statement. These documents are essential for tax purposes and future transactions.

2. Understand Your Mortgage Payments: Familiarize yourself with your mortgage details, including when payments are due and how to make them. Missing payments can lead to significant penalties.

3. Homestead Exemption: If available in your state, filing a homestead exemption can reduce property taxes on your primary residence.

4. Home Insurance: Ensure your home insurance policy is effective and understand what it covers. Consider additional coverage for natural disasters if necessary.

5. Property Taxes: Be aware of when property taxes are due and budget accordingly to avoid surprises.

6. Utilities and Services: Transfer utilities into your name and set up any necessary new services such as garbage collection, water, and sewage.

7. Home Maintenance: Create a schedule for regular home maintenance tasks to keep your property in good condition and retain its value.

8. Emergency Preparedness: Update your address with emergency services and establish a safety plan for your new home, including the location of circuit breakers, water shut-off valves, and fire extinguishers.

9. Community Engagement: Introduce yourself to neighbors and explore your community. Local knowledge can be invaluable for homeowners.

Ensuring a Prosperous Homeownership Experience

Attention to these details can distinguish between a smooth transition and a rocky start to homeownership. Remember, owning a home is a long-term investment that requires ongoing attention and care.

For guidance on post-closing processes or any other real estate matters, the team at Noyes & Associates is here to help. We pride ourselves on offering comprehensive support to new homeowners. Contact us today to ensure that your post-closing journey is as rewarding as when you received your keys.