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Your mortgage is done … now what?

For most people purchasing a new home financing is often the most stressful part. What are some other things you need to worry about before moving into your new home?

Moving expenses:

Along with financing a new home, moving everything you own can be a very stressful process to go through. You can save yourself money by renting a truck from a company and doing the moving yourself, but for some people this isn’t a viable option. Depending on how many belongings you have accumulated and how far you’re moving, hiring professional movers can be expensive. However, for some people this may be a suitable option if their schedule doesn’t afford them the opportunity to handle the move themselves.

Utilities:

When I first started in the mortgage industry I was surprised how many people would ask me when they had to switch over their new home’s utility accounts into their name. It was something that I didn’t think about at the time, but if you’ve never had to do it before it can be a bit of a daunting task. My recommendation is once the processing of your mortgage is complete and the loan is clear to close you, you should start switching over accounts. Most utility companies will allow you to tell them the date in which you are taking possession of the home and can get everything set up for you.

Unexpected expenses:

Imagine that you’re all moved into your new home and everything is fantastic. Two weeks later your washing machine decides it doesn’t want to work anymore. It’s unfortunate, but these things do happen. When moving into a new home you typically don’t have knowledge of how the appliances are functioning. A home warranty can help mitigate these costs. Typically, your realtor will have additional information on the different types of home warranty’s available to you, so don’t be afraid to ask.

Food:

The first couple days in your new home are usually a bit chaotic. Most of the time you’re trying to get through a mountain of boxes, sorting out what goes where. The truth is most people don’t think about meals during this time. Typically you end up eating out for a couple days. It’s best to make sure you have some extra cash set aside to cover this as well.

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Tyler Bruggeman

Tyler Bruggeman

Mortgage Loan Officer | NMLS #1665079