What should I tackle before moving into my new home?

Here’s your pre-move game plan

Pre-move

• Finalize your mortgage:
  1. Q: How do I wrap up my mortgage?
  2. A: Pre-closing: Confirm the loan details and review the closing disclosure a week before closing. Have closing costs (typically 2-5% of the loan amount) ready. 
• Purchase home insurance:
  1. Q: Why is home insurance necessary?
  2. A: Pre-closing: Secure homeowners insurance in order to get your final approval. Your lender will require this preemptively unless you put over 20% down. Expect to pay the first year’s premium upfront.
• Schedule utility transfers:
  1. Q: When should I set up utilities?
  2. A: Pre-closing: Arrange utility transfers (electricity, gas, water, internet) at least a week before moving in. Check for fees or deposits.
• Hire movers or arrange transportation:
  1. Q: What about moving logistics?
  2. A: Pre-move: Book a moving company or truck at least a month before moving. They can range from $300 to $1,500, or pay your friend with a truck in pizza to help out with moving your bulkier items.
• Change your address:
  1. Q: How do I update my address?
  2. A: Pre-move: Update your address with USPS and notify banks and other institutions two weeks before moving.
• Clean the home:
  1. Q: Should I clean before moving in?
  2. A: Pre-move: Clean the home thoroughly. Moving is exhausting, and many people opt for a professional cleaning service to handle the deep cleaning before settling in. Professional services typically cost between $150 and $500, but if you’re up for it, you can clean the home yourself. Either way, a clean space will make the transition smoother and more pleasant.

Pre-closing 

• Final walk-through:
  1. Q: What should I check during the final walk-through?
  2. A: Pre-closing: Schedule a final walk-through 24-48 hours before closing. Ensure all agreed repairs are completed.

Post-move

• Secure your home:
  1. Q: How do I ensure my home is secure?
  2. A: Post-move: Change or rekey locks immediately. Install a security system if you want to. Expect to spend around $100 to $500 for the  locksmith services.
• Prepare for safety:
  1. Q: What safety measures should I take?
  2. A: Post-move: Ensure smoke and carbon monoxide detectors are installed and operational. Expect to spend between $20 and $50 each for detectors
• Set up a home maintenance schedule:
  1. Q: Why is a maintenance schedule important?
  2. A: Post-move: Create a checklist and schedule regular tasks, like HVAC servicing, and make it a habit. Don’t just focus on things from your inspection – keep an eye on the ongoing upkeep of your home. Additionally, it’s wise to start saving for unexpected repairs or issues that can arise down the line. A good rule of thumb is to set aside about 7% of your home’s value each year for ad hoc maintenance needs.

If you’re ready to start your journey to homeownership, get pre approved with Tomo Mortgage today.