Home Insurance Factors for the Financially Savvy

According to ValuePenguin, in the year 2018, the average cost of homeowners insurance nationwide across the U.S. is $1,083. There are of course many factors that can affect this figure, some of which being due to location of the house which as a homeowner, you may have a degree of choice in, while some other factors could be down to you making a smart financial decision.

Whether you are a first time house buyer, at the beginning of your journey, or an established home owner, there are considerations to make and constant research that can be done in order to remain a financially savvy homeowner. Home insurance is an unavoidable necessity but if you are eager to put the work in, it is possible to lower payment for premiums and enjoy better protection for the money that must be spent.

Starting the home buying process

For some, the luxury of choosing exactly where in the nation you buy is not realistic as ties to family and work are a priority. However, it is useful to be aware that the state you choose to live in will have an impact on the home insurance policy. Unsurprisingly, states such as Florida and Texas are notably more expensive than the national average due to their susceptibility to natural disasters, such as tropical storms and tornadoes. At the other end of the spectrum, the states with comparatively cheaper home insurance are mainly located in the North West part of the country, since they are considered low risk in terms of hazardous natural events.

The material the house frame is built from can be another factor that may affect the cost of the home insurance. For example, traditional, period framing materials such as log or wood tend to cost more than more modern brick or masonry framing. This is likely due to the fact that wood carries greater risks of damage such as from fire, rot or termites.

Being efficient with policies

A key money saving tip revolves around research. Firstly, it pays to shop around. In a survey undertaken by Bankrate into home insurance quotes around different U.S. cities, it found that on average, the most expensive charged 34% more than the least expensive insurer. While this was the average, the gulf between insurers in some areas was exceptionally vast, such as in Wichita, Kansas, where the difference between the highest insurance quote and lowest was 188%.

Another financially efficient tip for reducing your home insurance policy is to bundle your insurances. This means having insurance products through the same provider, such as grouping your auto and homeowners insurance into the same policy. It can often be a money saving option to buy through one carrier instead of having a variety of individual policies since the carrier may offer a discount for combining policies through them.

Finding ways to save on your home insurance is not an impossible, or even that difficult a task. It does however, take time and patience to research the options available to you that fit in with your circumstances. Weighing up your priorities may also be a factor, depending on what stage of the home owning journey you are at. Ultimately, the time you put into shopping around and the organizational efforts you make will pay off.

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

January 2018 Market Report for Calabasas and Hidden Hills

Calabasas January 2018

AVERAGE SALES/LIST PRICE – Calabasas
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE – Calabasas
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS) – Calabasas
Number of properties sold each month

 

AVERAGE DAYS ON MARKET SOLD – Calabasas
Average number of days it takes to sell a property

 

 

Hidden Hills January 2018

AVERAGE SALES/LIST PRICE – Hidden Hills
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE – Hidden Hills
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS) – Hidden Hills
Number of properties sold each month

 

AVERAGE DAYS ON MARKET SOLD – Hidden Hills
Average number of days it takes to sell a property

 

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

2018 Luxury Home Design Trends

It can be tough to stay up-to-date on the latest and greatest home decor and design trends. That’s why, we’ve compiled this list of the four top interior design trends that you’ll notice in 2018. By being aware of these trends, you can figure out which home improvement projects you’d like to tackle this upcoming year.

Contemporary Floor Plans

Contemporary floor plans, which were all the rave in the 1960s, are sure to make a comeback in 2018. These floor plans feature clean lines, open spaces, and large windows that bring in plenty of natural light.

If you opt for this type of floor plan, you’ll find it easy to keep an eye on your children and entertain guests. In addition, you’ll enjoy a wonderful view of your outdoor landscape and the ability to create a connection between the inside and outside of your home.

Short-Term Rental Ready Homes

Thanks to Airbnb, VRBO, and other online marketplaces, you can rent out a room in your home or your entire home for a short period of time to people from across the country and world. 2018 will be the year that people take advantage of this trend and share their luxurious environments with others.

If you’re interested in renting out a room or your entire home, you should focus on transforming your space from personal to guest friendly. You can do so by removing personal items and adding a quality mattress topper, extra blankets and pillows, blackout drapes, a fan, air freshener and anything else that will allow your guests to feel comfortable and pampered.

White Flooring

Although it may be difficult to maintain, you’ll find white flooring everywhere in 2018. If you’re looking to brighten up your home, you should consider adding white tiles to your bathrooms and kitchen and white wood flooring to your family room, living room, and bedrooms. Since white flooring looks great with every color combination, you won’t have to change the colors in your home if you decide to follow this trend.

Geometric Patterns

In 2018, homeowners who are hoping to give their home a modern, yet vintage vibe will go for geometric patterns. If you’d like to try this trend out, you can find some wallpaper, throw pillows, or a rug with these types of patterns. In the event you love it and are ready commit, you should invest in a geometric kitchen backsplash or tiled floor.

Black and White Rooms

Vintage style rooms that were designed in solely black and white have been popular for quite some time and will likely be seen in 2018. If you’re searching for a timeless trend to follow, creating a black and white room is the way to go.

Whether you decide on a contemporary floor plan, set your home up for Airbnb, swap your current flooring for white flooring, add some geometric patterns to your space, design a room in black and white, you can give your home a fresh new look in 2018.

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.