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What to Do When You Inherit a House: 5 Helpful Steps to Follow

Life Events

April 27, 2019

A person holding house keys to new house
Have you recently inherited a house after the passing of a loved one? It can be tough to deal with the emotions of losing someone along with the stress of figuring out what to do with their house and belongings. But, we’re here to help. Keep reading this post for 5 essential steps to take after inheriting a house.

5 Steps to Follow After Inheriting a House

  1. Take time to process: When you are going through so many emotions, it is important to take the time to process the change before diving into the house. This will not only prevent you from doing something you’re later going to regret, it will also help to minimize stress.
  2. Consult with the other parties: If you are not the sole inheritor of the house, it is important to consult with the other parties involved before taking action. This not only goes with the house, but all of the items inside of the house.
  3. Get the value of the home appraised: Before making a decision, it’s a good idea to know what the house is worth. If the home has been in the family for a while, the value of the home can fluctuate significantly.
  4. Live, rent, sell: When it comes down to it, you really have three options for what to do with the house. You can either sell the house and split the income, rent the house out, or one party can live in the house and buy out the others’ shares. Generally, selling the house and splitting the income tends to be the cleanest and easiest.
  5. Ask for help: Sorting through a lifetime of belongings can be a huge burden to take on, especially if you are also grieving at the time. Never be afraid to ask for help from family members and friends. This is also a good time for other people in the family to choose belongings from the house to keep for themselves. Take your time when sorting through the house, there are likely family heirlooms and treasures amongst all of the items.

Let a Self Storage Unit Help

One of the hardest parts about inheriting a house is sorting through your loved one’s belongings. If you need to act fast to get the house out of your possession, but aren’t ready to deal with the emotions of sorting through the belongings, consider storing items in a storage unit. A storage unit rental will allow you to take your time going through items, while not accruing any extra expenses on the house.

ezStorage has storage facilities located all throughout Maryland and Virginia, and in major cities such as: Baltimore, MD, Washington, DC and Columbia, MD. Learn more about self storage today.

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