One foolproof method of maintaining a reasonable home insurance rate is by investing in a good home from the start! Make a “bad buy” and you could be living with the consequences, and high home insurance costs, for the rest of your life. To ensure that you end up with the home and the insurance rate of your dreams, read on for some tips on how to househunt the smart way.
When shopping for a home, you will need to keep certain big-ticket issues in mind, such as location and price. But there are plenty of smaller-scale factors that come into play when deciding on a home, and many of them will play into how much your home insurance payments will eventually be. Keep the following questions in mind throughout your househunting process…
1.) Are there going to be many necessary repairs? A fixer-upper can be a great value upfront, but repairs can take a toll on your budget. Certain repairs, too, can indicate a potential future threat to your home. Water damage in the basement? Flooding could be likely, and so your home insurance policy should reflect that if you decide to buy.
2.) Are there features you would want to replace? Whether the windows are not up to your standards or the flooring doesn’t look quite right, big remodeling and replacement projects can get pricey fast. These new investments could affect the total of your home insurance payments, so take that into consideration before planning an entire home makeover.
3.) Will you be the only one living in the house? While househunting, look for signs of animal and insect infestation, such as mouse holes or termite damage. If you buy a house that turns out to be overrun by pests and you are not prepared for it, you could end up paying a hefty price.
Wachter Insurance- Personal, Home, and Auto Insurance
Looking for someone to discuss your home insurance options with? We’re here to help. At Wachter Insurance, we’ll sit down with you and help you to personalize your home insurance policy so that it works best for you and your needs. Please call us at 301.371.6335, visit our website, or drop by our Middletown, Maryland office to schedule your personal and informative appointment.
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