Why the First 90 Days Matter
The period immediately after settlement is a critical window for new homeowners. During these first months, you can address practical matters that might become more difficult or costly later. While every property is different, there are common steps that help you settle in smoothly and protect your investment.
Change Your Address
One of the first tasks is updating your mailing address. Notify the post office to redirect mail, and also update your address with your bank, employer, insurance providers, and other important institutions. This ensures you don’t miss time-sensitive documents or bills.
Set Up Utilities
Contact utility providers to transfer or connect services such as electricity, gas, water, and internet. You can often arrange for these to be switched on before you move in. Be sure to schedule these services early to avoid any disruption.
Check Your Home Insurance
Review your home and contents insurance to make sure it’s active from settlement day. Notify your insurer of the new property and confirm the cover is appropriate. If you have a loan, your lender will require comprehensive building insurance, so ensure that is in place.
Do a Walkthrough and Maintenance Check
Within the first few weeks, do a detailed walkthrough of the property. Document any existing damage or defects and take photos. This is especially important if you plan to make changes later. Also, check smoke alarms, safety switches, and any fixtures to ensure they work properly. If there are issues, you may need to arrange repairs sooner rather than later.
Keep Records
File all settlement documents and receipts in a safe place. This includes the contract of sale, settlement statement, certificate of title, and any warranties. These records will be useful for future reference and for tax purposes if you later rent out the property.
Remember that this checklist is general. For advice tailored to your situation, consider consulting a professional such as a financial advisor or conveyancer. Arrivau offers an Australia property information and service entry point that can help you navigate the home ownership journey.