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Home Inventory Template
What Is a Home Inventory?
A Home Inventory is a document that contains a list of all possessions that individuals have at home. The purpose of the document is to summarize data about the contents of the individual's house and estimate its financial value. The document can be required in many cases, for example, by an insurance company to solicit an insurance policy, or for tax purposes.
Alternate Names:
- Home Inventory List;
- Home Inventory Spreadsheet.
Having a document like a Home Inventory Sheet is very convenient. It can help in many situations, including the following:
- If an individual is planning to buy insurance for their house, having this document handy can help to have a more productive conversation with the insurance agent. It can save time when choosing the right insurance plan.
- If for any reason an individual's property will be destroyed, having a documented list of the items in the house will help to file the claim. In this case, it will save individuals from memorizing which items were in which room.
That is why it is necessary to keep your Home Inventory organized and save all receipts that individuals get when making purchases. A printable Home Inventory template can be downloaded below.
How to Inventory Your Home?
Inventorying a home can be a time-consuming process. To make it go easier and faster, individuals should follow these recommendations:
- Photograph all rooms. It can be convenient to take pictures or videos during the process. Sometimes individuals find it helpful to use mobile phone applications, developed especially for this purpose. Later, by reviewing them, individuals can make sure they did not forget to include an item.
- Include basic information. It is not enough to just list possessions, individuals should also provide information about their main features. They can include the serial number, model, color, etc. It can also describe the condition of the item and the date when it was purchased.
- Sort items into groups. It is also necessary to provide the category of the items, such as furniture, electronics, appliances, decorations, etc. This helps to reveal the nature of items and explain their value.
- List locations. Stating information about where exactly the item is located in the house is necessary as well. For example, if one of the rooms of the house will be damaged, the individual will need a full list of items that were there to claim insurance.
- Keep proof. Individuals should keep receipts in order to prove the value of their property. Pictures and videos can also be used as proof that they actually had the items listed in the document.
- Generalize similar items. There is no need to mention every pair of jeans, individuals can document it as an item and its amount. It can be put on the list like "10 T-shirts."
- Do regular updates. To make sure the data on the list stays up to date, the individual should add any newly purchased items to the list and regularly check it.
By following the guidelines listed above, individuals can create a spreadsheet that will help to organize all of their possessions. The data from the sheet can also be used to create a Home Inventory Checklist, a document that comes in handy when individuals are moving from their house and need help while keeping track of all their possessions. The content of the documents is quite similar, however, the checklist provides individuals with checkboxes so that the process of item revision is made easier.
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