Did You Inherit Your Childhood Home? Tips For You Going Forward

26 June 2017
 Categories: , Blog

If you have recently been through the unfortunate event of losing your parents, one of the factors you may find yourself considering is your inheritance of their home. Inheriting your childhood home can be a strange event in your life. You likely feel an attachment to the house and its contents but at the same time, you wonder if you should keep the home or sell it. No matter what you decide to ultimately do with your inherited childhood home, there are some steps you can and should take to deal with that house. Get to know some of those steps so you can be sure that you are doing what is best for you and the home you inherited.

Take Your Time With Any Major Decisions

It can be easy to feel as though you need to act immediately when you have inherited your childhood home. However, because you are still grieving and in an emotional state, it would be better to take your time when making any major decisions. Going through your parents' possessions, family photographs, or the like may be the better first step to take rather than trying to deal with the possibility of moving into or selling the home.

Allow yourself time to process. This will ensure that you do not make any decisions that you will regret at a later time.

If Other Family Members Want Items From The House, Deal With Them First

One of the factors to consider when you are the person that legally inherits your parents' home is that other members of the family may wish to have some of their possessions. For example, if you have siblings, they may want a specific piece of furniture they always loved or items from their childhood bedroom or the like.

Speak with your family members and determine what if anything they want from the house and deal with those issues before anything else. If your family members are not able to get the items themselves or need time before they pick them up, you have a few options. You can rent a storage unit to house items that have been "claimed" by your family members. Or, you could also hire one of the local moving services in your area to transport those items to your various family members so the items are no longer an issue you have to deal with.

With these basic steps in mind, you can begin the process of dealing with your inherited childhood home and sorting out what you should do with your inheritance in the short-term and the long-term.