Introduction
Congratulations on nearing the finish line of your home purchase! This pivotal moment requires key steps to ensure a smooth transition. Our guide, focused on what to do immediately before and after closing on a home, is created from our real estate experience, offering practical tips for this critical period.
Right Before Closing
Review Your Closing Documents
Carefully go over all your closing documents. Understanding the details now will help you avoid surprises at closing.
Arrange Utility Transfers
Plan the transfer of utilities to your name. This includes electricity, oil, gas, sewer, water, and internet services, depending on what is applicable to your situation. Remember, waste disposal and recycling setups can vary by town, so it’s essential to confirm these details.
Prepare for Closing Costs
Ensure you have the necessary funds for closing costs. These can include loan origination fees, title insurance, appraisals, and more. Your agent(s) can help you understand these costs and budget accordingly.
Confirm Home Insurance Start Date
It’s vital to have your home insurance policy active from day one of homeownership, especially considering local weather patterns and historical property considerations.
Prepare for the Final Walkthrough
The final walkthrough is your opportunity to ensure the property is in the agreed-upon condition before closing. Aim to have your final walkthrough 24-48 hours before closing. Be aware of items to inspect, including repairs that were agreed upon, fixtures, and the functionality of appliances and systems. While your agent(s) will be there to assist and guide you, it’s helpful for you to be informed and engaged during this process.
Research Local Services
Begin researching local amenities, such as trash collection schedules, emergency services, and school information if applicable. Each community has its unique offerings and schedules.
Right After Closing
Update Your Address
Now that you’ve closed, update your address with banks, employers, and government agencies. This includes the DMV for your driver’s license and vehicle registration, and the USPS for mail forwarding.
Change Your Locks
It’s essential to change all exterior locks for added security. You never know how many copies of the old keys are out there, so updating your locks gives you peace of mind. Consider installing deadbolts if they’re not already in place, as they offer an additional layer of security.
Check Your Smoke and Carbon Monoxide Detectors
Check that all smoke and carbon monoxide detectors are functioning properly. It’s a good idea to replace the batteries immediately, even if they seem to be working, to ensure you have a fresh start.
Security System Evaluation
If there’s an existing security system, evaluate its features and decide if you’d like to activate or upgrade it. In many cases, newer technology offers more comprehensive protection and can be managed remotely via smartphones.
Create a Home Maintenance Schedule
Prepare a home maintenance schedule. The changing seasons in New England make regular maintenance essential for the longevity of your home.
Get Involved in Your Community
Discover your new community by participating in local events or joining neighborhood groups and online forums.
Conclusion
As you approach your home closing, understanding what to do immediately before and after closing on a home ensures a smooth start to your new chapter. Should you have any questions or need further guidance about buying a home in Massachusetts or Connecticut, remember that our team is just a phone call, text, or email away.
