In some cases, insurance risks can drive up the overall cost of a home. Features such as pools or outdated or damaged roofs can result in higher premiums. Since many lenders roll home insurance premiums into monthly mortgage payments, that can be a stumbling block for some buyers.
Some home features can save buyers in the long run because they can result in lower home insurance premiums. Learning about such savings could be just what a hesitant buyer needs to hear. If your home has these features, be sure potential buyers understand the beneficial impact they can have on lowering insurance costs:
Location isn't just important to your buyer; it's also important to insurance carriers. - How close is the home to a fire department?
How far away is it from a risky flood plain? Some homes in Visalia require flood insurance, an extra payment on top of the mortgage.
These are a few things you'll want to point out to a buyer if it's to their benefit, because it will lower the cost of insurance.
Security systems are an added bonus in any home because they make the home a safer environment. Items such as burglar alarms, deadbolt locks, and smoke alarms can lessen the likelihood that your home and family will suffer a damaging claim. Another plus? These security items can earn discounts of up to 10% or more on home insurance.
Green homes aren't just earth-friendly; they also can be insurance-friendly. Some insurance providers offer discounts for LEED-certified homes because they are considered to be safer and more sustainable than traditional homes.
Qualities such as sturdy aluminum or steel roofs and low-flow plumbing are considered during the quote process, again because they lower the risk of hail, wind, and water damage.
If you're ready to sell, let us do the work for you. We will write marketing remarks to highlight all the benefits of your property, just one of the many services we provide to our clients!