Trulia estimates the average price of a home in Gainesville to be around $165,000. Fifty-seven percent of the city's residents own their homes.
If you're looking to own a Gainesville home, you have a lot of things to do. This includes taking stock of your financial assets before making the buy. Once you are in the home, you'll need to maintain your significant investment for many years to come.
Homeowners insurance, valuation and attention to safety can help you lower your home risks. Keep those factors in mind as the time to move approaches.
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Look at the Value of Your Property
Whenever you move, you will bring valuable personal items to your new home. Your assets might include personal belongings of considerable worth. You will likely want these items to have some degree of insurance coverage. This often makes personal property coverage a vital component of homeowners insurance.
Take the time to sit down and make a comprehensive list of your personal belongings. Always include the most valuable possessions in your valuation. If you worry that a valuable item might exceed the personal property limits of your policy, consider insuring that item separately.
Inspect the Property for Risk
When you enter your new home, consider how your lifestyle and needs will fit the space. See if the structure presents specific risks that might impact you, your family, your pets and your visitors. If you become aware of a risk, let your insurance agent know. They can work to address it in your homeowners insurance policy.
Both new and old homes might have hard-to-notice problems that might impact residents. Find and repair these before moving in. Also make sure the home complies with all building and safety codes in your area.
Get the Right Homeowners Insurance
Insuring your home is a comprehensive way to protect your financial security. In 2017, Florida residents will pay an average $1,471 per year for homeowners insurance, according to ValuePenguin. The average cost is around $123 per month.
Your policy might be able to help you if your home sustains serious damages due to severe weather, fire or other hazards. Include coverage in the policy that could help you pay for the most serious problems. Pay close attention to the value of the home before you buy a policy. This will help you and your agent determine the right coverage levels.
As long as you carry a mortgage, your lender will likely require you to carry insurance. Be sure and tell your agent about any requirements your lender maintains.
With the right attention, you can prepare yourself to reduce your risks in a new home before you move in. By analyzing those risks, you can ensure that you have enough homeowners insurance to adequately protect yourself.
We've got you covered. Call Ahrens Insurance Agency at (888) 477-0250 for a free Gainesville home insurance quote today!
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