Don’t let the dream of being a homeowner become a nightmare!

After the closing, you are ready to move into your new home. A great deal of careful thought has gone into your decisions, and you want to protect your investment. Remember, your new home provides not only shelter for you and your family, but a financial investment as well. These guidelines can help you enjoy your new home and receive the full benefits of home ownership.

Homeowner’s Insurance —Most lenders require you to carry insurance that covers 80% to 100% of the home’s replacement value — what it would cost to replace the home if it were completely destroyed. It is a good idea to re-evaluate you insurance every year. Check with other insurance companies to see if you are getting the best coverage for your money. An insurance package could include personal liability insurance that protects you from personal liability in the event you are sued by someone injured on your property or injured by a family member. Your insurance could also include hazard insurance which covers you in case of fire, theft, and some weather-related hazards.

Security Provisions —Inspect all door and window locks. Add dead-bolt and window locks wherever necessary. Have a locksmith change your door locks. The previous owner may have given keys to people over a period of time, and you want to control all access to your home. Install outdoor lighting where it is needed. If there are dark, vulnerable areas on your property, add lights. When you’re away, use lights and radios on automatic timers to give the appearance of activity at home. Arrange to have your mail and newspapers picked up or discontinued.

Fire Protection —Make sure that you, and anyone who stays at your home, knows how to exit the house from each room in case of fire. Make special provisions for any second-story windows. Check to make sure that windows have not been painted shut. Purchase enough fire extinguishers for the house so that you can get to one quickly in an emergency. You will need a fire extinguisher near the kitchen and any other room that may be particularly vulnerable to fire.

Smoke Detectors —Purchase smoke detectors for your house, and place them carefully so that they can be activated from any part of the house. You will want to cover hallways, stairs, out-of-the way areas, kitchens, children'’ rooms, etc. Establish a system for replacing batteries at least every six months.