Homeowner Information

This can be a handy reference tool for homeowners. Use any three ring binder to keep the following:

Section One

Purchase Papers

Closing Papers (Original in Safe Deposit Box)
Copy of Deed (Original in Safe Deposit Box)
Copy of Form 2119 for sale of prior home
Loan Documents
Additional loans (seconds, et cetera)

Example:

New Roof

Landscaping Work

Improvements

Copy of cancelled checks and invoices for all improvement work
Write the purpose of purchase on copy (remodeled living room, replaced roof, et cetera).
When in doubt, put a copy here.

Sales Information

Copy of Listing Agreement
Closing Papers
1099 received from closing attorney

Section Two

Warranty Information

Kitchen
Household Electronics
Miscellaneous

Keep records forever, with a separate folder/binder for every home. Even though the current tax law exempts the first $250,0000 ($500,000 for joint filers) of profit on sale of some homes, Laws Do Change!