10 Important Things to be Done Immediately After Buying a Home

1. Keep Property Documents Safely: As soon as you close your deal of property purchase, make 2 to 3 photocopies of your documents and keep them safely with at least one copy in bank locker. If you have got a bank loan issued, get those papers also photocopied so that you have all the details at any given point in time. Also keep tree different sets of these documents in three different places so that you have access to at least one easily if and when you may need them.
2. Scan Documents: Yet another way to safely store documents is by getting them scanned and keeping them in your bank safe, on e-mail and getting storing then in a DVD. Digitization of always a better option these days as it is more handy and easy to access and use. More over most of the processes have been digitized so a similar medium of storage makes it easier to use information.
3. List of Original Documents: Now that your deal is done and you are the owner of the house, you should have a list of those documents which claim your ownership, bank loan documents, mortgage papers, Will, etc. which you had used during your deal. This list will help you tally everything you want bank to return or use at a later stage.
4. Check Original Documents Submitted to Bank: When you process your home loan application, you need submit some original and some photocopies of your papers to bank for approval. Keep a record of all these and make a list of these so that there is no confusion at a later stage when you have to get these originals back.
5. Watermark Sale Deed: After the registration of your property, you may need to submit these sale deed for various things like electricity meter transfer, property tax, etc. which are your major address proofs so you can’t even avoid them but at the same time there is a risk of your paper being misused for identity theft, or other forgeries. Therefore, you can get your documents watermarked. And premium properties in Bangalore or anywhere else are all the more at risk.
6. Electricity and Water Meter in Your Name: While completing the formalities of your deed, also find out the NOC format and take the signatures of the previous owner to transfer the electricity meter and water meter in your name. This is one of the most important activity after transfer of ownership of the house.
7. Transfer Name in Property Tax with Local Municipal Body: Yet another thing is that you just do is get your name in the property tax papers with the local municipal corporation of the government. It does not always come complimentary with property registration so you must check this.
8. Transfer Society Certificate in Your Name: Most of the societies or townships have society shares. Make sure you get these in your name as soon as possible.
9. Update All Records with New Address: Update all records of address proof that you have with your new address like driving license, Aadhar Card, Voters Id, etc. so that things get done at once rather than you running around for these remaining things at a later stage. 
10. Check With Local Property Lawyer: Get your papers checked by a local property lawyer to see if your docket is complete or if you have missed any important document in bank, or anywhere else.