As you transition into your new home, you get to enjoy the many new freedoms that homeownership brings. You get freedom from landlords, home decorating restrictions and paying for property that isn't yours. Instead, you get to enjoy your very own home for a lifetime.

To help make your transition into homeownership as smooth as possible, we've created a New Homeowner's Checklist. Be prepared for all that homeownership brings!

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Setting Up Your Budget & Records

Getting your budget ready and all of your records organized will help ease your transition immensely. Some of the records that you'll want to keep organized and safely stored include:

After you collect your personal records, focus in on your financial records and create your budget. Start with figuring out how much you'll be spending each month on items like groceries, home insurance, travel and if applicable, home or car financing you have.

You'll also need to figure out who is responsible for your annual hazard insurance premiums. Budget for these premiums as well as other annual costs people can accidentally forget like annual taxes on real and personal property.

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Safety Preparation

You want to make sure that you and your family are safe in your new home. To do so, check the following!

Get to Know Your Home

In case of any emergencies, you'll want to locate certain key utilities in your home as soon as you move in.

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Ready to Entertain

Since you have the new freedom to entertain guests the way you wish, and likely have more space in your home, make sure you're prepared for friends and family.

Settling In

As you settle in, make sure to do the following to keep all of your personal business in order.

Although this checklist is not a comprehensive checklist for your transition into your new home, it should make the new adventure of homeownership easier! To help you as you transition, start creating your home inventory sheet so you can keep track of your valuables as you move and be prepared in case of any unexpected incidents.