When you add a new account, Quicken adds it to the Account List (choose Tools menu > Account List). In most cases, you'll want to add all of your household's accounts in the same Quicken data file, so that you can track all your finances in one place.
This account type is available for Quicken Home & Business users.
- Select the Add Account icon on the top right of the Account Bar.
You can also add a new account by selecting Tools → Add Account from the top menu.
- Select Other Assets and Liabilities.
- Select Home, Rental Property.
- During the setup process, you'll be asked a few questions. Click below to learn more.
Enter the name you want to use to refer to the account in Quicken. This name will appear in reports, and in the Quicken interface.
If you are using Quicken Home, Business & Rental Property, choose the primary use of the account: Personal (which is the default), Business, or Rental Property. Your selection determines where in the Quicken interface (on which tab) the account appears. You can change this from the Account List later if you wish. the account appears. You can change this from the Account List later if you wish.
If you have set up Quicken to track multiple currencies, select one from the list. If you decide you need to change the currency for the account, you can do so only if you haven't entered any transactions except the opening balance.
Enter the purchase date and the purchase price of your house.What if I don't know the purchase price?
If you don't remember, enter zero. The new account will be added with an opening balance of $0.00, as of today. You can edit this amount later.
Enter the estimated current value of your house. This helps you track your equity in the house.Tell me more about entering the estimated current value of my house
You have two options to enter the estimated current value:
- Manually. If you know the current estimated value of your house, you can enter it manually in the Estimated of its current value field.
- Automatically. If you don't know the estimated current value of your house, you can get it automatically using the Get Zestimate button.
Quicken is now integrated with Zillow's Zestimate® home valuation tool, used to estimate the current market value of your house. With this feature, you can know the latest estimated market value of your house, any time you want!
- Select the check box Use Zillow and click the Get Zestimate button.
- Enter the house address and click Next.
- If Quicken displays multiple address options, select the exact address and click Next. Quicken displays the estimated value of your home. The adjustment amount (the Zestimate price minus the purchase price) is also displayed.
- If you want to accept this estimated value, select the check box Accept this Zestimate. The adjustment amount mentioned below will be entered in your account register.
- If you want to enter a different adjustment value, click Adjust your property price and Next.
- In the Estimate of its current value field, enter your preferred amount and click Next.
- Proceed to complete the steps for creating the account.
- You can periodically check the updated value of your house. Just go to the account register and click the Check for updated value button. The latest value is displayed as a transaction in the account register.
What if I have already entered the house account manually?
It's easy! Simply go to the account register and click Get Started. Enter your house address and follow the steps to get the estimated current value of your house.Is there a mortgage on this house?
If you have a loan, click Yes and choose one of the following options:
- I'd like to track this loan in Quicken. Set up a new account for me. Quicken walks you through the steps to add a loan to track the payment schedule, principal, and interest, and a liability account to track your loan balance, which is used in your Net Worth report. For more information, see Set up a loan or mortgage.
- I'm already tracking the loan in Quicken. Select existing account. In the drop-down list, select the appropriate loan account.
- I do not want to track the loan in Quicken.
- What if I want to track cost basis instead of equity?
If you want to track just the cost basis of your home, not the equity, enter the same amount here as you did in the Purchase price field. Then make balance adjustments to track capital improvements.