![]() Interior Video: Record each room in your home.Outside Photos: Take pictures of each outside area along with any structures and other items in detail from several angles.Outside Video: Include a view of the front and back of your home, along with patios, landscaping, fencing, and any additional buildings or structures on the property.Tape measure to record the size of items.Flashlight for finding model numbers on the back of appliances and electronics.You can also use your smartphone to take photos. Scanner (optional) to provide digital images of receipts and other important papers.Smartphone or video camera to provide additional documentation of your possessions as they appear in your home.Digital camera or smartphone to photograph your possessions.Or, you can print out a home inventory spreadsheet and fill it out by hand. Use one of these programs on your computer or download an app on your smartphone. A spreadsheet or word processing program.For your insurance company to accept your home inventory, it needs to be detailed and comprehensive. ![]() Though easy to compile, you’ll need time and patience to gather the information needed for a home inventory report. Scans of receipts and important documents.Estimated or appraised replacement value.When conducting a home inventory, include the following information about each item: A home inventory provides a valuable resource for estate sales and auctions.Because the home inventory is a complete list of your personal assets, it can be used for loan applications or determining your net worth.A home inventory report clearly defines all needed information, so the probate process is simplified, faster and less stressful. ![]() Important documents such as wills, life insurance policies, deeds, and stock certificates can be scanned into the inventory report, along with the location of the documents.It ensures your assets are distributed according to your wishes. The home improvement report provides a detailed breakdown of personal property, including beneficiary designation and contact information for each item.Home Inventory in Estate and Financial PlanningĪ home inventory also acts as a valuable resource and supplement for wills, trusts, or other legal documents: Verifies the condition of your assets before moving or placing them in storage in case of loss or damage.Results in a higher appraisal for your home, since it documents and provides proof of home improvement projects which add value to your home.Actual cash value is a lower amount that consists of replacement cost less depreciation. ![]()
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