This is what you need—and may even be required—to do before getting the keys to your house:
1. Choose your home insurance.
It’s true that you can legally own a house without home insurance. But:
- You’ll usually need it to close on your mortgage. Most lenders require that you provide proof of homeowners insurance coverage prior to closing on your loan; this is to mitigate risk.
- It’s always a good practice to compare quotes before agreeing to a policy. NerdWallet data shows that some homeowners have saved over $1,000 a year by shopping for a cheaper rate.
Tip: Academy Connect, the no-cost service we offer to all our borrowers, can help you save time and money when shopping for home insurance. It might take hours to do your own research, request quotes, and compare policy premiums. But when you use Academy Connect, you’ll be browsing quotes in a matter of seconds.
2. Connect your utilities.
To start living—comfortably, at least—in your new home, you’ll need to set up or transfer utilities, like water, gas, electricity, and waste:
- Request to have your utilities connected the day before you plan to move in. If you’re not moving out of your city, you might be able to transfer some or all of your services.
- It’s a good idea to connect your internet at this time too. Getting online can be especially important if you work remotely and want to move in and log in without skipping a beat.
Tip: Even if you’re staying local and have the option to transfer, this could be your chance to review your current rates. You may wish to find a new utility or internet provider for better service, speed, or contract terms or simply a cheaper price. Using Academy Connect, you can get referrals to your local providers.
3. Set up your home security.
A break-in can happen no matter where you live. And so:
- It can be helpful to familiarize yourself with crime reports for your local area. Check out Nextdoor and other community pages while you’re at it so you can see what homeowners are talking about.
- You might feel that you’re better off safe than sorry. A home security system with motion sensors, timed lighting, cameras, and alarms could provide the peace of mind you’re looking for.
Tip: With how rapidly home security technology is advancing, comparing systems, prices, and providers can be overwhelming. Instead of taking hours to research, consider letting your Academy Connect Agent do it for you—helping you find affordable rates and even coordinating home security and smart home service installation.
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