Home Improvements That Can Lower Your Homeowners' Insurance Cost
Homeowners’ insurance can be a costly endeavor. The price tag increases if you have an older home. Whether you plan on staying in your home or have dreams to sell, you want the best insurance rate possible. What many homeowners fail to realize is that there are improvements that can be made to make your payments smaller. Here are three of the major renovations you can make to earn towards your homeowners’ insurance.
1. Upgraded windows
Window upgrades are both aesthetically appealing and a great way to protect your home. Where you live has a direct correlation to how vulnerable your home is to damage. If you’re prone to hail storms or strong winds, installing impact-resistant windows is a great investment.
When it’s time for your annual inspection, you’re likely to acquire a discount for contributing to your home’s overall protection. Additionally, you’ll save money on your energy bills. Adequate insulation keeps hot air from escaping in cooler months and cool air in higher temperatures. If you’re an Ohio resident, companies like Champion can help you with installation.
2. New roof
Many homeowners and sellers alike underestimate the importance of a new roof. Whether you have an older home or experience regular elemental wear and tear, you have a higher risk of leakage or even a collapse. This can lead to damage within your home and can also be hazardous to your loved ones.
By getting a new roof, you ensure that there’s a strong defense against the weather, similar to installing impact-resistant windows. Making this investment upfront can potentially save you hundreds in costs every year.
3. Home security system
Weather is not the only liability you have to protect your home from. You may be at risk of a burglary at some point. If you aren’t home, you might not even realize until you get home that you’ve been burglarized.
Additionally, you may have an in-house fire that destroys your property. If a fire occurs, you may lose valuable assets, including your life.
One system can remedy both issues: a monitoring security system. Even if you’re not home when either event occurs, your monitoring system can alert either the police or the fire department.
Accidents happen. This is especially true in certain climates and neighborhoods. When you have homeowners’ insurance, your costs can increase or decrease depending on how much work you put into being cautious. Before your next inspection, keep the previously mentioned renovations in mind if you want to decrease your future insurance costs.
Even if you plan on eventually selling your home, these will get you a discount on your homeowners’ insurance. Are you interested in renovations or other home-related topics? Be sure to check out TheHomeMag website. You can also follow us on Facebook and Instagram for more information.
