Property Insurance Costs Too Much? 7 Ways to Reduce It

When is the lowest-cost insurer not the lowest-cost insurer? When another company actually charges less because you bundled or installed security or did something else.

NEW YORK – The price of homeowners’ insurance is on the rise, and many owners may be looking for ways to reduce their high premiums. While discounts can vary greatly based on location, size, and age of the house, some credits may be available that could reduce some homeowners’ premiums by as much as thousands of dollars per year, The Wall Street Journal reports.

The average premium for a homeowner’s insurance policy increased 3.1% to $1,249 in 2018, the latest year for which data is available. Luxury homes tend to be much more costly to insure than standard homes since they’re larger and have more decorative features within.

Here are some ways homeowners may be able to save on their homeowners’ insurance costs: (more…)

Is Your Home (and Home Insurance) Ready for Extreme Weather?

Hurricanes. Heat waves. Earthquakes. Tornadoes. Today’s headlines are awash in extreme weather, and whether you blame climate change or just plain bad luck, the simple truth is that the damage from these disasters is impossible to ignore.

Realtor.com® teamed up with HarrisX to conduct a poll of 3,026 adults on their extreme weather concerns and homeowners insurance know-how—and the results suggest that many Americans may be more vulnerable than we think.

Here are some of the key highlights: (more…)

Why Is the Market White Hot? No, It’s Not the Pandemic

Today’s market problems – a shortage of affordable housing, historically tight inventory of homes for sale and rising prices – weren’t caused by the latest pandemic-caused economic slowdown. It goes back to the Great Recession.

Experts say the U.S. housing market was already being roiled by forces fueling the current housing-price explosion even before the pandemic.

Matthew Murphy at New York University’s Furman Center for Real Estate & Urban Policy said supply shortages were evident heading into the pandemic, adding that “the context here to this current housing moment is that we were still recovering from the 2008-2009 foreclosure crisis.”

Meanwhile, the National Association of Realtors® has been pointing to an “underbuilding gap” of between 5.5 and 6.8 million housing units since 2001. (more…)

Smart Home Gadgets to Help Lower Your Utility Bills

Photo by Halfpoint via Shutterstock

When it comes to conserving energy, homeowners wanting to go green often spare no expense. Here are a few ways to upgrade your home without lightening your wallet. (more…)

Paint it Black – no, not the Rolling Stones

“I see a red door and I want it painted black
No colors anymore I want them to turn black”

The first two lines from the Stones’ hit might well be the anthem behind this recent post from Curbed Boston Black is the new Black

Home of Laura Fenton

“Black house exteriors have come into fashion at what seems like an almost astonishing speed. Pinterest reports that saves for black houses have grown 774 percent since spring 2014, significantly spiking in March of this year (possibly tied to a New York Times story that appeared on March 7).
And people are not just dreaming of black houses. Thus far in 2018, Tricorn Black, a deep, saturated ebony that is perennially one of the company’s most popular blacks, is the 12th most popular paint sold by Sherwin-Williams in the U.S., up from the 33rd spot in 2017.
In Canada, Tricorn Black is the sixth most popular color so far this year, while no black colors even made the country’s top 50 list in 2017.”

Um maybe. But I really don’t see many owners of New England shingle homes deciding to stain them black. Do you?