Here’s your pre-move game plan
Pre-move
- Finalize your mortgage:
- Q: How do I wrap up my mortgage?
- 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:
- Q: Why is home insurance necessary?
- 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:
- Q: When should I set up utilities?
- 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:
- Q: What about moving logistics?
- 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:
- Q: How do I update my address?
- A: Pre-move: Update your address with USPS and notify banks and other institutions two weeks before moving.
- Clean the home:
- Q: Should I clean before moving in?
- 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:
- Q: What should I check during the final walk-through?
- A: Pre-closing: Schedule a final walk-through 24-48 hours before closing. Ensure all agreed repairs are completed.
Post-move
- Secure your home:
- Q: How do I ensure my home is secure?
- 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:
- Q: What safety measures should I take?
- 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:
- Q: Why is a maintenance schedule important?
- 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.
Your next home is out there