Finding a new home isn't always simple, so congratulations on closing on your new home! I vividly recall the excitement mixed with a hint of anxiety when I closed on my first home right here in Oakville. This was one of the best days of my life, but also a bit overwhelming, thinking, "What comes next?"
Well, before I made real estate my career, I was right where you are, wondering about the next steps to closing on a new house.
That’s exactly why I've built this straightforward guide. I understand how overwhelming the process can be, and I’m here to simplify it. I am cutting through the fluff to give you clear, actionable advice.
Here’s what I wish I knew when closing on my first home and the topics we’ll cover in this blog:
- The First Thing You Should Do When Closing on a New Home
- What Not to Do/The Don'ts
- Settling In
- The Fun Part
- Common Questions Home Owners Ask After Closing
IMMEDIATE NEXT STEPS AFTER CLOSING ON YOUR NEW HOME
The first thing you should do when closing on a new home:
Connect Your Utilities
Ensure all utilities are transferred to your name and connected from closing day. It’s wise to arrange this in advance to avoid any disruptions. I always remind my clients to schedule these changes a week before moving, just to ensure everything's ready for their first night in the new home.
Change The Locks
The keys to your new home have likely been in many hands before yours. Changing the locks is a simple yet crucial step to enhance your security immediately. After all, it’s better to be safe than sorry, especially in your own home sanctuary.
Secure Your Documents
Keep copies of all closing and mortgage documents in a safe place. These are important for tax purposes and future reference. I’ve seen many clients scramble during tax season, so it’s a tip I emphasize from day one.
Check Safety Detectors
Make it a priority to test all smoke and carbon monoxide detectors. This step ensures your new living space is safe and secure. It’s a quick check that offers peace of mind, knowing your family is protected from these silent threats. You can test your smoke alarm by pushing the Test/Hush button on the cover and holding it down for a minimum of 5 seconds.
Update Your Address
A simple update with the post office, your banks, and other services can save you a lot of confusion and lost mail. When I first moved, I delayed this step and missed some bills – definitely a lesson learned the hard way!
SETTLING INTO YOUR NEW HOME
Deep Clean Your Home
Before you start unpacking, give your new home a deep clean or consider hiring professionals. A clean start can make your move-in process far more enjoyable and less stressful. I always advise taking this step—it transforms your 'new house' into your 'new home'.
Review The Inspection Report
Don’t forget to revisit your home inspection report. Tackle any urgent issues, especially those involving plumbing or electrical systems. It’s best to address these problems early to prevent bigger headaches later. I learned the hard way that small issues can become big ones if ignored!
Document Everything
As you settle into your new space, document every change or upgrade you make. Take photos and keep detailed notes. This documentation is not only helpful for insurance purposes but also invaluable when you decide to sell. Trust me, having a detailed history of your home can significantly enhance its value in the eyes of future buyers.
MAKING IT HOME
Decorate and Furnish
Now comes the fun part—turning your house into a home. It's time to get creative! Start by painting the walls or buying new furniture that reflects your unique style. I remember the first time I chose decor for my Oakville home; the process was thrilling. Making your space truly yours is the most enjoyable part of settling in. It's not just about filling rooms—it's about creating an environment where you can make new memories.
Meet the Neighbors
Meeting your neighbors might seem scary, especially if you're more introverted. But believe me, establishing connections early on is key. Start with a simple hello to the neighbors directly next to you and then perhaps those across the street. Exchanging contact information not only builds a community but can be a lifesaver in unexpected situations. My own experience with neighbors has turned helpful acquaintances into lifelong friends. It’s these relationships that truly make a neighborhood feel like home.
STAY CONNECTED
Keep in touch with your real estate agent. A good agent doesn’t disappear once the sale is closed. They can provide valuable advice and help you understand the nuances of your new community.
Here's a list of 10 DON'TS after closing on your new home:
- Don't think this is your forever house
- Don’t Ditch Your Documents
- Don’t Ignore Maintenance
- Don't Forget To Call A Locksmith
- Don't Skip Following Up On Your Home Inspection
- Don't Refinance Right Away
- Don't Forget To Update Providers With Your New Address
- Don't Forget to Keep An Eye On Your Credit Score
- Don't Skip the Steps
- Don't Skip Follow Up Meetings with Your Realtor
COMMON QUESTIONS HOME OWNERS ASK AFTER CLOSING
Can I spend money after closing on a house?
It's wise to be cautious with your spending immediately after closing. While you can make purchases, consider your new financial responsibilities associated with your home. Overspending can strain your budget, especially when unexpected home ownership costs arise.
Should I change the locks after closing?
Definitely. Changing the locks is a crucial step in securing your new home. It ensures that only you and those you trust have access, as previous owners, realtors, and others might still have keys.
Does closing on a house mean you get the keys?
Yes, typically you receive the keys at closing. However, there can be exceptions based on the terms agreed upon in the contract, so it's always good to verify this detail beforehand.
Who pays the most closing costs?
Closing costs are often negotiated during the sale process. Typically, the seller may pay a larger share, but this varies significantly based on local customs, the housing market, and specific agreements made between the buyer and seller.
After closing on a house when is the first payment due?
Your first mortgage payment is typically due within 30 to 60 days after closing. The exact date can vary depending on your closing date and the terms of your mortgage agreement.
How soon after closing can I buy new furniture?
You can buy new furniture right after closing, but it's wise to first assess your financial situation. Ensure your budget supports your mortgage and other homeowner expenses. Prioritize financial stability to avoid unnecessary stress.
Remember, closing on your home is just the beginning of your home ownership journey. With a bit of planning and proactive steps, you can ensure a smooth transition into your new life in Oakville. If you have any more questions or need guidance, don’t hesitate to reach out to us at Vieira Real Estate Associates. We're here to help you settle in and make your house a home. Call us today at 289-334-0820!
Post a comment