Secure Your New Home
Change All Locks and Access Codes
Upon taking possession, promptly change or rekey all exterior door locks, garage door codes, and security system access codes to ensure full control of the property. If the home includes smart locks, alarm systems, or other connected devices, update or reprogram them and change all associated Wi-Fi passwords and user permissions. Finally, create and properly label spare keys or access devices, and store them securely for future use or emergency access.
Homestead Exemption
After closing, it is essential to file the required documentation with the appropriate City and County offices to ensure the property is properly recorded as your primary residence. Completing this step helps establish owner occupancy and may significantly reduce your property tax liability.
Within your closing package, locate and promptly submit the following forms:
• Principal Residence Exemption (PRE)
• Property Transfer Affidavit (PTA)
Timely filing of these documents is critical, as delays may result in higher tax assessments or penalties.
Property Deed
Your recorded deed will typically be mailed to you approximately four to six weeks after closing. Be sure to note this on your calendar and follow up if it is not received within that timeframe. Safely store the deed with your important records, as it serves as the official legal document confirming your ownership of the property.
Safeguard Important Ownership Documents
Retain your closing packet, recorded deed, title insurance policy, and all loan-related documents in a secure and organized location. It is strongly recommended to maintain digital copies as backups for easy access and long-term recordkeeping. These documents may be required for future tax filings, refinancing, insurance claims, or the eventual resale of the property, making proper storage essential.
Review Property Tax and Payment Responsibilities
At closing, property taxes are prorated based on each party’s period of ownership during the applicable tax year. After closing, confirm with your lender whether property taxes are escrowed and included in your monthly mortgage payment. If taxes are not escrowed, be sure you understand the applicable due dates and payment requirements to avoid late fees, penalties, or interest.
Confirm Homeowners Insurance Payment and Renewal
Unless otherwise arranged with your lender, your annual homeowners insurance premium is typically paid in full at closing. As a result, your next insurance renewal will generally be due during the same month each year as your closing date.
After closing, verify with your lender whether homeowners insurance premiums are escrowed and included in your monthly mortgage payment. If insurance is not escrowed, be sure you understand the renewal date and payment requirements to ensure continuous coverage and avoid any lapse in insurance.
Transfer and Activate Utility and Home Service Accounts
Make sure all essential utilities—including water, gas, electricity, trash, and internet—are transferred into your name or newly activated. Additionally, schedule installation or setup dates for services such as cable, security systems, smart home devices, or any other home-related subscriptions. Confirm activation dates in advance to ensure a seamless transition and uninterrupted service in your new home.
Organize Mortgage and Ongoing Home Expenses
Mark the due date for your first mortgage payment and, if possible, set up automatic payments to ensure timely submission. Review the details of your property taxes and homeowners insurance—some or all of these may be included in your mortgage escrow, while others may require direct payment. Additionally, track and document all ongoing home-related expenses, including HOA fees, utilities, routine maintenance, and any other recurring costs, to maintain a clear picture of your financial responsibilities as a homeowner.
Update Your Address and Forward Mail
After moving, promptly update your address with your employer, financial institutions—including banks, retirement and investment accounts, and credit card companies—as well as subscription services, online retailers, and any other relevant contacts. Be sure to also update your driver’s license and other official identification. Additionally, notify the U.S. Postal Service (USPS) to forward your mail to ensure uninterrupted delivery of important correspondence.
Establish a Home Maintenance Calendar and Service Contacts
While not mandatory, it is highly recommended to create a home maintenance calendar to track seasonal and routine tasks such as HVAC servicing, gutter cleaning, covering the AC unit, replacing furnace filters, and checking sump pump operation. Maintaining a schedule helps prevent costly repairs and ensures your home remains in optimal condition. Additionally, compile a list of reliable local contractors, repair professionals, and service providers to have trusted contacts readily available for any future maintenance or emergencies.