What comes to your mind when you think of a home inventory? Maybe thoughts like “That’s a lot of work” or “Do I really need one?” came to mind. In honor of Homeownership Month, we are discussing home inventories, what you should know, and how new technology can make creating one easier than you think.
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What is a Home Inventory?
A home inventory is a list of all your belongings and permanent assets found in your house’s indoor and outdoor areas. As well as, photographs or videos capturing each area of your home and an approximate valuation of the items within each room.
Why is Having a Home Inventory Critical?
Primarily, a home inventory ensures you have the right amount and type of homeowners insurance coverage. Knowing what you own makes it easier to know that you are insured adequately.
If a disaster strikes, a home inventory makes filing insurance claims simple to account for lost or damaged property. Additionally, an inventory ensures you will be reimbursed for everything you own, including small items. In the event of a natural disaster, having a document with all of the possessions in your home will be a huge relief.
Lastly, home inventories simplify planning for how possessions will be distributed among your estate. Your inventory includes a list of your items and where they will go when the time comes. So, the primary reason for home inventories in estate planning is to make life easier for your loved ones after you pass away.
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Home Inventories Simplified
I know what you’re thinking: A home inventory sounds like a great idea, but it’s too time-consuming. I’m with you. Home inventories used to be done the old-fashioned way, by manually writing a list of possessions and their value.
Thankfully, we have technology tools to help make the inventory process simple and efficient so you can create yours quickly. Homezada’s AI-powered home inventory feature is one of our favorite tools.
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AI Magic
Thanks to AI, creating a home inventory has never been easier. When you create an account with HomeZada, AI will automatically generate a list of rooms and potential possessions in each room based on the size of your home, simplifying the inventory process from the start.
AI Features:
- Visual AI in photos: Upload pictures of your room or area, and AI automatically detects the items in the photo. Then, HomeZada creates an itemized list of your possessions with estimated values of the items, categories, and descriptions included. You can edit the list of your possessions to reflect your items’ actual names and values.
- AI in close-up photos of items: Use HomeZada’s AI photos feature to take pictures of individual objects or serial numbers, like small appliances and water heaters. AI automatically populates the name, description, and estimated value for you to save to your account.
- Finally, HomeZada compiles all of the items in your home inventory into a PDF that is easy to refer to when needed.
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Home Maintenance Streamlined
Lastly, a home inventory includes all of the equipment, building materials, and appliances within your home so that you can properly maintain them. Furthermore, a list of model and serial numbers for appliances from your home inventory makes repairs and maintenance easy. You can even use HomeZada to track and schedule home maintenance tasks so no repairs fall through the cracks.
HomeZada’s AI features make this process simple and efficient. HomeZada helps to protect your property and assets in case of damage or when distributing your estate. Protect your home with ease today at HomeZada.com.
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