It goes without saying that buying your dream home is a big deal and a major event in life; there’s little more important than choosing a beautiful, functional shelter for you and your family. But simply purchasing a home isn’t enough, and there are several important steps one must take after buying a home to ensure the process and transition are ideal. Here is a list of 5 things to do after buying a house.
1. Find out if your seller will provide a home warranty.
In many scenarios, a home warranty is already offered by the seller as part of the purchase process, but it’s important to know, as a home warranty will help protect you from paying unnecessary service fees if any extreme maintenance must occur.
Your lender can help walk you through this step if you need it. Looking for mortgage lenders Springfield MO? Dave Jacobson could be a great fit for you.
2. Find out what your monthly mortgage payment will be.
Being prepared for this step will save you time when it comes to closing your home purchase and will help you identify whether or not you will need to also purchase private mortgage insurance. Here’s a great resource to help you identify your monthly mortgage payment.
3. Find a well-qualified inspector.
This is a necessary step. It’s also important you attend the inspection so you can ask questions about your home and receive price quotes for any fixes that are not covered under your new home warranty. You should have a list of questions prepared that discuss your home’s structure, as well as where to find water/gas valves and breaker boxes. There will most likely be a few fixes, so proactivity and involvement is key!
4. Find a well-qualified appraiser.
Getting an appraisal for your new property will help you determine your home’s value. Although your lender will typically carry out this process on his or her own, it’s important for you to stay informed. After this step, you should search for title insurance to further protect you from making surprise payments down the road.
5. Know your closing costs and lock in your interest rate.
Your new mortgage lender will be pivotal in helping achieve these steps.