Organizing Your Home Documents

Whether you just closed on a new home or are sorting years of paperwork, knowing what to keep and what to discard is essential. Before shredding any documents, set aside these important papers.

Closing and Mortgage Documents

Keep all documents related to your home purchase. You may need them for taxes or when you sell your home. Even if you plan to stay long-term, these records show how much you initially paid. Keep them for the life of your mortgage.

Receipts for Property Improvements

Keep receipts for home improvements. Some costs may be deductible when selling your home. Even if they don’t apply in every situation, a tax professional can help determine which receipts count.

Maintenance Records

Maintain a record of all home maintenance. Notes on service dates for your air conditioning or water heater can help technicians troubleshoot problems. These records may also show if parts are still under warranty.

Insurance Documents

Always keep easy access to your insurance policy, coverage details, and key contact numbers. Many companies store this information online, but having a hard-copy backup is wise in case of an emergency.

Refinance Documents

If you refinanced your home, keep all related closing documents. Treat them the same way you handle your original mortgage records.