It is very important to keep track of home assets. You can’t just trust that your home insurance will be enough to cover the cost if something happens, and chances are you’re not paying close attention to everything in your home. There are many home management tips out there for keeping track of home assets and here are the best ones.
Get a home warranty
A home warranty can help homeowners a lot with various home-related problems, and it can also help them to keep track of all their assets. A home warranty can be used as insurance for home repairs either big or small, from the furnace to your driveway. It is crucial that you get one in order to make sure that no matter what type of problem arises at your house, whether major or minor, you will always have some sort of backup plan set out for yourself if things go wrong unexpectedly.
A home warranty provides coverage on most appliances but it does differ from state to state. If you’re in Ohio, ask around and find out information about different providers that offer home warranty coverage to Ohio homeowners in order to find the best rates. It will help you keep your assets intact and make sure you have a list of very valuable appliances on the same list.
Create a spreadsheet of all your assets
You should create a home inventory spreadsheet to record all your home assets. This will help you keep track of where everything is located at home, how much it costs and when the items were purchased.
You should also create a spreadsheet for each room of the home that includes pictures or videos of any expensive appliances or furniture in case they are damaged. That way you can send them over to your insurance company if needed without having to go on an extensive search through boxes to find receipts from years ago.
The best way to do this is to split them into categories which will enable you to sort everything easier. Here’s a list of categories you could make:
- home appliances
- home furniture and décor
- home entertainment equipment (TV)
- home entertainment equipment (stereo)
- home audio/visual equipment (computers and televisions for a home office)
- laundry room appliances
- garage appliances
- outdoor living spaces, patios, and decks
- home office equipment
- home security system hardware
- home appliances and fixtures not in rooms (e.g., garage door opener, water heater)
You should also keep track of your home insurance policy number so you know who to call when something happens like a fire or tornado which can make it easier for them to process home claims.
Keep track of where you put them by writing down the location on the spreadsheet
Writing down the location of home assets is important so you know where to find them later. This makes it easier for insurance companies and home inspectors as well because they can easily see the location of items in case there’s a problem or if your home needs to be inspected again.
This will ensure that you always know where home assets are when it comes to insurance coverage and home inspections. It will also help homebuyers when they are viewing your home before purchasing it.
You never know when you are going to need something, so this is also a good way to get your stuff quickly because you’ll always know where you put them. The spreadsheet will be there to guide you through your storage.
It will also help your home run more efficiently, which is why it’s important to keep track of where they are right now for future reference. If you don’t know where something is at the moment, then when a home inspector asks about it or if there’s damage and repairs need to be made, they won’t be able to find it without this list!
Take pictures of your valuables
You should document your valuables with pictures so you know what your home is stocked with and can see if anything goes missing. Store these pictures somewhere safe, like on a flash drive or printed out in a notebook so that they aren’t lost and you don’t have to worry about them getting damaged over time.
If there are items of high value, such as jewelry or expensive handbags, it’s important to get detailed photos of the entire item from all angles, both front and back view (if applicable), along with closeups for specific details such as any engravings or gemstones. If you would rather not photograph your valuables yourself but want an accurate picture of each piece for insurance purposes, consider hiring someone who specializes in this type of photography.
Store all important documents in a safe place
You should determine a special place for all of your documents. Choose a home safe, home security cabinet, or something similar to keep these documents away from bad guys and in order to make sure that your information is always with you.
This way of storing documents can be used by homeowners who have enough space for storing them inside the house. This type of storage requires opening it up using special keys which are only accessible by authorized personnel.
Home safes are usually made out of steel so they’re pretty heavy, making it hard for burglars to carry them outside when trying to rob someone’s home. This means that if thieves want anything valuable stored in there, they will need the time and tools necessary for gaining access through damaging locked devices.
Keep copies of any passwords on file
Always write down your home passwords in a home management home asset file. This is the first step to keeping track of all your assets because you will always have access to them, should they ever be compromised or stolen.
When it comes time for home insurance renewal, make sure that your home’s passwords are noted down somewhere so that this information can also pass through without any problems.
Keeping your assets safe is a top priority and it all starts with insuring your stuff with a home warranty. Have a spreadsheet and sort your stuff that way, writing down their location and taking pictures of valuable stuff as proof that they are yours. All your important documents should be in a safe and you should write down all your passwords just in case. This way, your assets will be safe and secured at all times!