fbpx
Is Your Home Inventory Up To Date?
A current inventory of all the personal items in your home is important and even necessary, if you are faced with filing a police report or insurance claim. The homeowner is usually asked if they have a home inventory. If not, the homeowner can reconstruct one to estimate the loss. Imagine you are in this […]
Is Your Home Inventory Up To Date?
A current inventory of all the personal items in your home is important and even necessary, if you are faced with filing a police report or insurance claim. The homeowner is usually asked if they have a home inventory. If not, the homeowner can reconstruct one to estimate the loss. Imagine you are in this […]

51513f05-c212-45ce-b15a-330ca120b5ba.jpg

A current inventory of all the personal items in your home is important and even necessary, if you are faced with filing a police report or insurance claim. The homeowner is usually asked if they have a home inventory. If not, the homeowner can reconstruct one to estimate the loss.

Imagine you are in this position; would you be able to make an accurate list of your belongings and their value? As an exercise, pick a room of your home, and, while being in another room, list all the belongings and their value. When you’re finished with the list, go into the room, and check to see how you did.

This little project should demonstrate the difficulty of reconstructing a list and depending on whether you missed a lot of items and the importance of having an up-to-date home inventory. Not only will this help you purchase the right amount and type of insurance, having an accurate inventory will make filing a claim easier.

An accurate accounting of your belongings can also help you and your insurance agent to see that your belongings are properly insured. Other reasons for a home inventory include creating a maintenance calendar and helping you declutter by getting rid of items no longer needed. Over half of households do not have a home inventory and the majority of those who do have them, haven’t updated them with new possessions purchased since it was done.

The peace of mind having one can be a strong reason for having a home inventory. It provides confidence that this area is financially organized and prepared should you have need of proving losses. It will help you and your family return to your normal life after an unsettling event.

Download our Home Inventory for more tips on creating one along with alternatives for documenting your belongings. If you don’t have another media, this will allow you to take pictures and list individual items along with values in a fillable PDF that can be stored safely in your online cloud.

LIST OF BLOGS

Awareness is Key to Safeguarding Against Scams

When it comes to safeguarding against scams, awareness is key. By being vigilant and recognizing consistent red flags, you can effectively thwart scammers in their tracks. Stay one step ahead and keep an eye out for these warning signs to protect yourself from falling...

How to Buy Your First Home as an Investment and Retire Rich

As young people enter the full-time workforce and begin to think about living on their own, it may not seem practical or wise to consider buying a home. However, it may be a pivotal decision for your financial security and future retirement. Rents are going to...

Who is the best at selling Luxury Real Estate?

Who is the best at selling Luxury Real Estate?  Here is the quintessential guide: Mastering the Art of Luxury Home Sales: A Comprehensive Guide... Selling a Luxury Home: What You Need to Know When it comes to selling luxury real estate, precision and finesse are...

Negotiate with the Seller Like a PRO

Having a negotiation plan is paramount when it comes to navigating the complex world of real estate as a homebuyer. It's no secret that buying a home involves a significant financial investment and numerous variables that can impact the outcome of the transaction. By...

Evaluate Your Mortgage Loan Types

Making an informed decision about securing a mortgage loan is vital, as it involves understanding the available options and considering relevant factors. With a range of mortgage types designed to cater to diverse needs, it is essential to carefully evaluate your...

Proven techniques to shorten your market time

Are you in a hurry to sell your house? Whether it's due to relocation or a desire to streamline the selling process, selling your home quickly doesn't have to be a daunting task. With extensive experience in assisting homeowners, our expert team has identified three...

Tips to Achieve Your Full Potential Equity

The real estate market is constantly evolving, presenting homeowners with challenges in determining the accurate value of their properties. In today's era of rapid fluctuations, it is essential to equip yourself with the right knowledge and tools to make informed...

How Appreciation and Amortization Benefit Homeowners

Owning a home is not only a place to live but also a valuable asset that can contribute to long-term wealth accumulation. Two key factors that play a vital role in increasing a homeowner's wealth are appreciation and amortization. Understanding how these factors work...

RECENT POSTS

ABOUT  TWENTY
THREE HOMES

The Twenty Three Homes are one of the premiere real estate groups locally, nationally and internationally, specifically dealing with high-end properties and exclusive clientele. Partner with Keller Williams Twenty Three Homes are full service real estate experts whose clients benefit from the custom tailored, hands on service while receiving all the exclusive amenities and resources of one of the most established and respected firms in the business.

GET IN TOUCH