The Second Step To Financial Freedom: Home Ownership

In this fast moving world, not many care to secure their property with the aid to insurances. However, it should be kept in mind that your property is vulnerable and that it can crash down any time owing to some disaster. Why take the risk? Prevention is better than cure. Get a property insurance. There are many benefits of getting your property insured.

For folks who have old heating, electrical and plumbing systems, update them to current standards and your rates should drop by up to fifteen percent. You can bet that heating your home the old fashion way, although romantic, could more easily lead to a fire outbreak. Your home is will be at less risk if you go with modern standards. Taking these steps will bring down your rates and will, in most cases, also raise your home’s worth.

What did your insurance company say when you told them you installed your own alarm system and wanted an insurance discount? They probably told you to send them an insurance certificate from your alarm company. These certificates are signed and verified by security alarm dealers to ensure that consumers don’t take advantage of their insurance company. That is a 15-20% home insurance deduction you are missing out on.

Increasingly insurance providers are asking their customers whether they smoke or not – smoking obviously presents a greater risk of fire from discarded cigarettes and unattended ashtrays.

If you cannot pay off your credit card balance, in full this money or at least by the end of next month, then you have too much credit card debt. Did you know that if you carry a balance of more than 25% of your credit limit it actually hurts your credit? This is true and it does not even matter if you pay your bill on time or not. It will still drop your credit score.

Armed with good information about how much house you can afford, it is time to start looking for “the” house. Primarily, you will need to consider your family size in relation to the number of bedrooms in a home. Another consideration will be family growth. Do not hurry through this task, take your time. A realtor usually has information sheets for each home they have listed. One piece, of information you can derive from the info sheet, is the property taxes on a property. You can immediately eliminate homes without adequate bedrooms. You may have to concede to some of the amenities you desire to get into the price range of a home you can afford. This is normal when purchasing existing housing.

Apartment communities have propertyinsure.wordpress.com/unoccupied-home-insurance/ that will cover the damage to the building itself, but these policies do not cover the renters’ personal belongings. So what do you do?

‘Soft credit’ checks are performed very frequently. This means that companies will check your check your credit profile to determine if you match a specific standard or range of credit score. This is usually done by companies that are issuing pre-approvals for credit cards, personal loans and car loans. ‘Soft credit’ checks have no impact on your credit score at all. You can contact all of the credit reporting agencies and let them know that you do not want any ‘soft checks’ performed. Upon your notification, they will not allow any more of these types of credit inquiries.

It is important to be mindful to avoid making any sort of mistake. Following these simple tips along with conscious efforts from every member of the family will keep your house away from fire.

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