Filling in a home inventory template found through an internet search for that key phrase.Creating an electronic document, such as a spreadsheet, for your list.Go as low-tech or high-tech as you want, but pick a method that suits you and will be the easiest for you to access and update. Pick your home inventory method of choice. These hacks can help you tackle your home inventory project: Qualify for financial assistance due to a lossĮasy Tips for Inventorying Your Possessions.Prove financial losses for tax filing purposes.Determine how much homeowners or renters insurance coverage you need.File a homeowners insurance or renters insurance claim for a loss.Why Do You Need a Home Inventory?Īlthough it may seem like a lot of work, a home inventory will make it much easier and more accurate when you need to: The exception is for especially valuable items, such as a vintage Chanel dress or a first edition of “The Great Gatsby.” In that case, list the item on its own. With clothing or other items where you have multiples of the same thing, you can list them in groups, such as six dress shirts, 10 ties, two pairs of athletic shoes or 20 hardback and 15 paperback books. Serial numbers for appliances and electronics.Purchase receipts or notes of where items were purchased and estimates of their cost or value.Descriptions of color, make and model for all items.The best inventories include detailed information such as: What Is a Home Inventory?Ī home inventory is exactly what it sounds like-a list of everything you own that’s located in your home and any storage units. Why risk being in the unenviable position of trying to recreate a list of your possessions after catastrophe strikes when you can create a complete home inventory now while you can think straight and your things are right in front of you. But in the unfortunate event that your home is burglarized, burned or otherwise harmed, that’s what you’d need for the police report and homeowners insurance or renters insurance claim. If someone asked you right now to tick off a list of all the items you own, you’d probably struggle to remember everything, much less put an appropriate value on each item.
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