Saving, investing and making money with technology

Five Things You Need To Do To Protect Your New Home

Before you’ve even completed the purchase of a new home, it’s required to have more smoke detectors, and also, there are other things you want to be doing to protect yourself. One of the first things a home hunter these days needs is a buyer’s agent on your side. They act on your behalf as a liaison between you and the seller, through the seller’s agent. They also make paperwork a lot easier to deal with.

With the mortgage fraud nightmares of 2009 may be over, you still want to do what you can to protect yourself from the possibility of fraud. Know your rights and know who can help you if those rights are infringed upon. Once you’ve purchased your new home, here are a few more things you will want to do to protect it.   

Get Homeowner’s Insurance

Unless you bought your home with cash you’re most likely required to have homeowner’s insurance. Even if you bought it with cash, you should still have your home insured, since it can protect you from many things, like losing everything you’ve invested in just because of a fire.

Your homeowner’s insurance policy will also be able to help you in determining what others things may be missing from our home. You may find you are required to have more smoke detectors than you have in order to be covered. Or, you may find that you’re required to also have an extinguisher and other safety items in the home.

Consider A Home Warranty

A home warranty on your newly purchased home could be a savior in disguise. These warranties may cost a few hundred dollars, but the right plan will cover a good deal of what could go wrong in your newly acquired house. You could get covered in case of plumbing and electrical problems, as well as for your furnace and water heater. An extended plan may even cover any appliances the previous owners left behind.

Generally, with this type of warranty you’ll pay someone to come out and check the item in question to see if it’s repairable or in need of replacement, and then whatever needs to be done will be covered under the warranty.

Have An Inspection Done

Usually, you’d get an inspection done before you buy a home so that you can work in a contingency if your inspector finds any issues. However, it’s not always a requirement, so you do have the option to bypass it. You shouldn’t, though.

Even if you couldn’t get in an inspection post-sale, get one done now. You never know what they might reveal, and even if it’s nothing bad they could help you find things that need to be fixed before something bad happens. They’ll notice hairline cracks in the foundations before it’s a problem, while you might not notice it until it’s a big crack or your home seems to shift.

Anna Johansson

View more posts from this author

 

Loading…

 

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge