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.

November 2017 Hidden Hills Market Snapshot

AVERAGE SALES/LIST PRICE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS)
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Number of properties sold each month

 

% OF SALE PRICE TO LIST PRICE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average sale price of property as percentage of final list price

 

AVERAGE SALES PRICE PER SQFT
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average Sales Price per SqFt for previous two years

 

AVERAGE DAYS ON MARKET SOLD
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average number of days it takes to sell a property

 

LISTING INVENTORY AND NUMBER OF SALES
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Monthly inventory of properties for sale along with number of sales

 

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

Kris Jenner pays $9.9M for Hidden Hills mansion listed by Marc and Rory Shevin

Denise Richards’ Hidden Hills home listed by Marc & Rory Shevin

Originally posted on BHHS California Blog.

Denise Richards has put her six-bedroom, eight-bathroom Hidden Hills estate on the market for $5,995,000.

The beautifully finished home has been extensively remodeled and expanded with luxury custom features. The lagoon-style pool and adjoining entertaining areas are the envy of the city, but they are just a few of the many amazing qualities that this property boasts.

Inside, the 8,300 square feet of luxury living space includes a two-story entry, beautiful gourmet kitchen with pizza oven, a living room designed as an entertainer’s lounge, a wine-tasting room with custom-controlled walls, two private offices, and even a chandelier-topped dog kennel/hotel.

On over an acre of lush landscaping sits an adult pool and children’s pool with beach entry, a grotto, and waterfall features. The 800-square-foot entertainer’s pavilion holds a kitchen and dining area and is surrounded by manicured grounds, mature trees, and a wonderful ambiance.

For more information or to request a private showing, contact Marc and Rory Shevin.