When it comes to buying a new home, the main thing people tend to worry about is how much they'll be out for a mortgage payment. However, this isn't the only expense that will be required of you on a regular basis. After all, other costs such as utility, maintenance, repairs, property taxes and home insurance can add up. Speaking of home insurance, there are a few things that you can focus on while house hunting to help minimize the premium that you'll need to pay later.
The roof is something that you should pay close attention to when you're buying a new house, as replacements can be costly. You probably won't look at the roof in more detail than that, though you should. This is because the type of material that the roof is made out can have a direct impact on your insurance premiums when you go to get insurance. If the roof is made of noncombustible materials, such as metal, slate, tile or treated wood, then your home is much more fire-resistant and could lower insurance rates thanks to the reduced risk of damage. Even if your home doesn't have a noncombustible roof when you purchase it, this is something that you can do to improve the condition and curb appeal of your home while also being able to get a discount on your homeowners' insurance premiums.
As you are looking at homes, consider the type of material that was used to build the home. While you may prefer wood-framed home, if you want to ensure you save as much as possible on your home insurance, then you may want to think about a home constructed with brick. Brick homes tend to be less susceptible to damage from wind and fire, although they are prone to damage from earthquakes. So, as long as you aren't purchasing a home in an area where earthquakes are common, you will be able to save money.
Nowadays, it isn't hard to find a home with a security system already installed. Even if you choose a home that doesn't have one installed, you may want to consider coughing up the costs to get one put in so that you can get a discount on your homeowners' insurance policy. The average discount that homeowners receive for installed home security systems is about 20 percent. This may vary depending on your insurer, but you can rest assured that you will get a discount of some sort.
While a backyard pool may be an intriguing feature, it is also an expensive one. When you are trying to maximize the savings on your homeowners' insurance, a home with a pool is definitely a home that you'll want to avoid. If you must have the pool, you can reduce the risk involved by installing a security fence with a latch that is out of reach from young children, install a pool cover and avoid the installation of diving boards and slides.
To learn more, contact an insurance company like Kuresman Insurance.