Why should homeowners save documentation about their home?
Starting from day one of homeownership, every homeowner should make it a habit of documenting every repair, update, upgrade, and renovation to their property. This documentation can include things like receipts, contracts, and permits for any work that has been done.
Documentation like this is helpful not only when you are ready to sell but also as reference if you ever need detailed information because of an insurance claim or need to check a warranty.
Other examples of records include:
- Paint color names / samples for touchups or fresh coat of paint
- Stain color names/samples for any woodwork
- Warranty information - A purchase receipt is usually sufficient for warranty claims, registering a product can offer additional benefits, such as extended warranty periods and faster service.
- Instruction manuals
- Service Contracts - i.e. Furnace, hot water heater, AC units
- Pest Control Contracts
- Homeowner & Flood Insurance policies
Overall, the most important documents for homeowners are typically those related to ownership, financial information, and renovations or improvements made to the home.
Having a good record keeping history is beneficial for you during the duration of ownership and for prospective buyers when you are ready to sell. It is much easier to put this list together as you go vs. rummaging through paperwork last minute to find necessary information.
By having all your information organized and at-the-ready, shows potential buyers the care and value you've invested in your home!
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