Tracking home documents can often be an overwhelming task. Concerns over what do you keep, what do you throw out, and where do you store these documents. Tracking documents can help provide more visibility to your home spending trends, prepare you for budgeting the following year and help keep detailed accounts of who your vendors are that you work with to fix, clean, and insure your home.
When you buy a home, you generally secure a mortgage and have a purchase contract of your home. These documents are important to keep in case you need to reference them in the future. Further, keeping a copy of your title can also help track the history of ownership of the home while an appraisal can give you an idea of the value of your home at the time of appraisal. If you do not have these documents, do not worry. Your title company and mortgage company most likely have a copy within their offices or systems.
Understanding your annual costs to retain your home is important. Do you have property tax records, insurance policies, and maintenance contracts? By maintaining these records, you can determine trends when any of these costs may increase. Increases affect your overall annual home budget and important to determine these changes to better prepare your budget.
Did you perform updates or remodeling projects on your home? Or maybe you built your home from scratch. Do you have the construction plans, the permits and approvals for these projects? These documents are important when you are ready to sell your home to provide full disclosure to the new potential buyers.
You can store these documents in your home office file system or some other mechanism, however if you are a HomeZada user, you can also store these documents in the Property section of your HomeZada account. You can see an example below. Having your documents at the tip of your fingertips anywhere you might be can help you access these documents anywhere you have an internet connection and help manage the space in your home. You can store your documents electronically allowing for more space in your home.