Why A Home Inventory List Is The New Black

Creating a home inventory is a good idea.

Home InventoryHomeowners insurance can provide financial help in case something happens to your property or its contents. Should it happen, having a current home inventory can make it much easier when filing an insurance claim.

Start with a sheet a paper for each room in the house. Go around the room and list every item. Don’t forget the attic, basement or other storage places.

For each item, record the following:

  • The original cost
  • Purchase date
  • Replacement cost
  • Model number, brand name, where purchased
  • A general description

It’s also important to take photos or video of each room for visual documentation. It is also a good idea to arrange valuable collections, silver, jewelry, etc. and take close up photos. Make sure you update your home inventory photos and list at least once a year.

I know this sounds like a lot of work, but we recently had some close friends whose home burned down.  They had to do this anyway for their insurance claim, and they had to do it from memory.  There were some items they didn’t get fair value for because they couldn’t show proof.

Perhaps this is a great project for some idle kids?  In any event, doing it sooner rather than later will save you time and money!


About CarolSawdey

I'm a Broker/Realtor in the San Ramon Valley. A trusted advisor in the local community: We help people buy and sell homes. We counsel them thoroughly. We negotiate to their advantage. We keep their stress to a minimum. And we love what we do!
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