We all love our own piece of real estate in Lake Havasu. We want to make our homes as comfortable as possible. Often times, that means making some changes once we inhabit the property. There are a few home improvements you can make that actually lower your homeowners’ insurance costs. As a bonus, they also raise your appeal to buyers when you put your property up for sale on the Havasu real estate market.
Home Improvements That Lower Your Homeowners’ Insurance Costs
Smart Security System
I’ve written about this before. One of the best home improvements you can make to your real estate in Lake Havasu is to install a smart home security system. Not only are buyers looking for this type of smart home feature, but insurance companies love to see homeowners take pro-active measures to secure their homes. With approximately two-thirds of all burglaries reported as home break-ins, it’s easy to understand why insurance companies would be willing to give you a break on your homeowners’ insurance if you made this small home improvement.
Water is one of the most damaging elements in nature. Broken tiles or missing roof shingles allows the elements to seep inside your real estate in Lake Havasu. And, if your roof happens to be 10 years old or older, insurance companies consider that a bigger risk for potential damage. Therefore, another one of the home improvements that could lower your homeowners’ insurance is to replace the roof. Also, you don’t want a faulty roof to put the kibosh on a potential sale when you put your home on the Havasu real estate market in the future.
Plumbing and/or Electrical System Upgrades
No one in Lake Havasu City owns a 100-year-old home. However, some homes might be pushing 60 years old. Since then, technology has come a long way. We use many more electronic devices in our household every single day. The original electrical and plumbing systems in these homes might not be up to the demands we place on them in today’s society. If an upgrade is necessary, it could actually lower your homeowners’ insurance.
Get Rid of That Wood-Burning Stove or Fireplace
Some people enjoy wood-burning fireplaces more than gas-fueled ones. And there’s a certain homey aesthetic that a wood-burning stove provides. However, they are considered extremely dangerous to real estate in Lake Havasu compared to their gas alternatives. If you own either one, you could be paying as much as $75 to $100 more per year for it. However, replace the wood-burning fireplace with a gas one and your premiums in most cases won’t go up. Unfortunately, there’s no alternative for the wood-burning stove. So, that item must go.
These home improvements may not be the most exciting to make when it comes to the look of your home. But they could save you money in energy costs as well as insurance premiums. So, they’re definitely worth considering, especially if you plan on putting your property on the Havasu real estate market anytime soon.
Alexis Steel – 928-303-2199
Keller Williams Arizona Living Realty
Search homes at: www.TheHavasuHome.com