5 Things to Do the Weekend You Take Possession of Your New Home

by Tristan Boire

Homes with Tristan: New Homeowner Tips

Possession Day Checklist: 5 Things to Do the Weekend You Get Your Keys

By Tristan Boire, REALTOR  |  Park Realty, Sherwood Park AB

New homeowner holding house keys in front of their new home on possession day

Working smoke alarms cut your risk of dying in a home fire by 60 percent, according to the National Fire Protection Association. Yet most new buyers do not test a single detector before they start unpacking boxes. Possession day is packed with emotion and logistics, and the few things that actually matter for your safety and your wallet get pushed to the bottom of the possession day checklist.

I walk clients through the same five-item possession day checklist every time they get their keys, regardless of whether the home is in Edmonton, Alberta, or anywhere else. None of this requires a contractor. All of it takes one weekend.

Key Takeaways
  • Working smoke alarms cut fire death risk by 60 percent, but 16 percent of households have alarms that fail when actually tested (NFPA, CPSC)
  • Rekeying or changing locks is standard practice since you can never confirm every copy of the old keys has been returned
  • Confirm your home insurance policy is actually active, not just quoted, before you move anything in
  • Locating your main water, gas, and electrical shutoffs before you need them saves real damage in an emergency

1. Change the Locks on Possession Day, Before You Unpack a Single Box

Rekeying or replacing your locks the day you take possession is standard advice for a simple reason: you cannot verify every copy of the old keys has been returned. Previous owners, contractors, cleaners, and old tenants may all have had a set at some point. This is item one on the possession day checklist for a reason: it's the cheapest insurance you'll buy all weekend.

Close-up of a house key and door lock, representing the lock-rekeying step of a possession day checklist

Smart locks are becoming more common too. About 22 percent of security-conscious households now use them, up from 20 percent just two years ago (SafeHome.org, 2026). A locksmith can typically rekey your existing hardware for less than the cost of a full lock replacement if the hardware itself is in good shape.

Smart lock adoption among security-conscious households reached 22 percent in 2026, up from 20 percent in 2024 (SafeHome.org). It's a small year-over-year jump, but it signals that changing your locks, smart or traditional, is becoming the default first move on possession day rather than a step people skip.

Whichever direction you go, pair it with the rest of your security setup while you're already thinking about it.

Security camera adoption has climbed to 61 percent of households and video doorbells to 48 percent as of 2026 (SafeHome.org). New homeowners are treating basic security setup as a first-weekend task, not an optional upgrade for later.
Bar chart comparing home security device adoption: security cameras used by 61 percent of households and video doorbells used by 48 percent, as of 2026

2. Test Every Smoke and Carbon Monoxide Detector

Working smoke alarms cut your risk of dying in a home fire by 60 percent (NFPA, 2026). That number only holds if the alarms actually work, and a lot of them do not: 16 percent of households believe all their alarms are functioning but find at least one issue once actually tested, most commonly a dead or missing battery (CPSC, 2026).

Bar chart comparing relative risk of dying in a home fire: no working smoke alarm indexed at 100, working smoke alarm indexed at 40, a 60 percent reduction
Working smoke alarms cut the risk of dying in a home fire by 60 percent, yet 16 percent of households with alarms they believe are functioning discover a dead or missing battery once actually tested (NFPA; CPSC, 2026). Testing takes thirty seconds. Skipping it is the most common gap in an otherwise thorough possession day checklist.

I have walked into more than one new listing where the smoke detector chirped the second I pressed the test button because the battery had been dead for who knows how long. Test every unit, replace every battery, and if the home has hardwired detectors, confirm they are actually wired to the panel and not just decorative.

Smoke detector mounted on a ceiling, representing the alarm-testing step of a possession day checklist

3. Find Your Main Water, Gas, and Electrical Shutoffs

Find the main water shutoff, the gas shutoff, and the electrical panel before you need them in an emergency, not during one. A burst supply line or a tripped breaker at 11pm is a much smaller problem if you already know exactly where to go and how the shutoff actually works.

Walk the home with your phone out and take photos of each shutoff location, the electrical panel with breakers labeled, and the furnace filter size while you are at it. You will not remember any of this by December. While you're getting organized, our Edmonton Budget Buyer's Guide is worth bookmarking too, it walks through every cost between your accepted offer and this weekend.

4. Confirm Your Home Insurance Is Actually Active

A quote is not a policy. Your lender required proof of insurance to fund your mortgage, but that does not always mean the policy is confirmed active as of your actual possession date, especially if your closing date shifted at all during the process. Call your broker possession week and confirm the effective date matches, in writing.

This matters more than it sounds like it should. I have covered the full cost breakdown and what your policy will and will not include by default in a separate post on home insurance, worth a read before or right after you close.

5. Do a Walkthrough Before Anything Gets Unpacked

This is the last item on the possession day checklist, and the easiest to skip once the truck shows up. Walk every room against your home inspection report before boxes start piling up and hiding baseboards, outlets, and corners. Anything that changed between your final walkthrough and possession day is much easier to document and resolve now than in three weeks once you are fully moved in.

New homeowners with moving boxes in an empty living room on possession day

Bring your phone and photograph anything that looks off, dated, or different from what you remember. It is a lot easier to raise something with your lawyer or the seller's side in the first 48 hours than after you have lived with it for a month.

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Frequently Asked Questions

Do I really need to change the locks on a new house?

It is standard practice. You have no way to confirm every set of keys made over the life of the home has been returned, so rekeying or replacing the locks removes that uncertainty entirely for a modest cost.

How much does a working smoke alarm actually reduce fire risk?

Working smoke alarms cut the risk of dying in a home fire by 60 percent (NFPA, 2026). The catch is that 16 percent of households have at least one alarm that fails once actually tested, most often from a dead battery (CPSC, 2026).

What belongs on a possession day checklist?

Locate your main water, gas, and electrical shutoffs, test every smoke and CO detector, and walk the home against your inspection report before boxes start covering the baseboards and outlets you would otherwise want to check. Rekeying the locks and confirming your insurance is active round out a complete possession day checklist.

Is my home insurance automatically active on possession day?

Not automatically. Your lender required proof of insurance to fund the mortgage, but the effective date should always be confirmed directly with your broker during possession week, especially if your closing date shifted at any point.

Does this checklist apply outside of Edmonton?

Yes. Changing locks, testing detectors, locating shutoffs, confirming insurance, and doing a pre-unpacking walkthrough apply to any new home purchase, regardless of city or province.

Tristan Boire
Tristan Boire

REALTOR® | License ID: E90013501

+1(403) 999-0771 | [email protected]

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