Bought Your New Abode? 5 Things You Must Do Immediately

Bought Your New Abode? 5 Things You Must Do Immediately

Bought Your New Abode? 5 Things You Must Do Immediately

Going through the Herculean task of home buying, you finally are a proud owner of your new abode. It is time you secure this home of yours. Before you prepare for a house-warming party there certain things that you should take care of to make it merrier.

MakaaniQ shares a list of five things that you should do before you finally “feel at home”:

Document verification

Going through the complete process and excitement of closing the deal, make sure you look well into all the property documents. For this hire a lawyer who could look into all the documents including sale deed, agreement to sell, etc. and verify them as authentic and credible.

Digitise them

Once you get all your documents verified, maintain a digital copy of all these documents with you along with keeping two to three sets of hard photocopies. Keep the digital copy safe with a password lock in a pendrive or even e-vaults and keep the hard copies at different yet safe location which only you or your family members know of.

Update all records with new address

After the documents are verified, make sure you get all your records including passport, Aadhaar card, PAN card, voter id, bank details, driver license etc. updated with your new permanent address. Make sure you also inform your investment partners including insurance policy agent, stock broker, and even others informed about the change and ask them to update the same in their records.

Transfer of property

Transferring the property tax records, EC & Khata in the owner's name is a mandatory task. It is often assumed that it is automatically done based on property registration but that is not the case. It is the responsibility of the home owner to undertake this activity.

Transfer of utility connections

Ensure to transfer utility connections like electricity and water supply, to your name, as these are authentic proofs for property ownership. However, it becomes difficult to follow up with property-sellers after you make the payment. Thus, look for NOC formats for such transfers and get the documents ready during property registration so that you can have them signed by the previous owner at the earliest.

Last Updated: Fri Mar 31 2017

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