5 things you must do after buying a house

financialexpress.com:

Before buying a house, paying attention to many things — such as budget, maintenance and legal approvals – is important just to ensure you house remains safe and dispute-free. For some people, it may throw more challenges and they might find it difficult to handle some of the new complexities that come with a new house.

There is no doubt that purchasing a house is a significant milestone and a major financial commitment for many people. However, it’s important to note that the responsibilities don’t end with the purchase. After you’ve acquired your dream home, there are several essential steps you must take to ensure a smooth transition and protect your investment.

Whether it’s transferring property ownership, transferring utilities, planning for maintenance, or updating your legal documents, taking these actions will help you safeguard your interests.

Also Read: 5 important things to consider before foreclosing your home loan

Once you’ve bought a new house, it’s essential to officially transfer the property ownership to your name. This process involves updating the property records with local authorities. Ensure that your name is updated in all property-related documents, including property tax records.

Protecting your newly-acquired property with insurance is a wise move. Property insurance, such as home insurance, safeguards your home and belongings against various risks, including natural disasters, theft, and damage. Research and compare different home insurance policies and pay attention to the terms and conditions.

To ensure a seamless transition to your new home, you must transfer utility services such as electricity, water, and gas to your name. By providing the documents, including proof of property ownership