Home Insurance – Are You Covered?

You may know that having insurance on your home is important, but what you may not know is that you need to have the right cover for the policy to be effective. If you only have some protection on your home then you may be at risk for a loss. You need complete cover under your policy in order to ensure that your whole home is safe and protected.When it comes to house insurance you will be given many different options in the types of cover from which you can choose. In order to be sure that you get adequate protection you have to be sure you understand all the options you have and what each type of policy actually offers you. When you understand all the details then you can make sure that what you have is comprehensive.It is not enough to just say you have a policy. You have to be sure you have an adequate policy. Your insurance does not do you any good if it only covers certain things or if it excludes certain types of cover. You need full protection cover of your home, property and belongings in order to be sure it adequately meets your needs. If your policy is not comprehensive then you could be left having to pay the bill in some cases.Two Main Types of Protection Options;There are two main types of insurance types offered under a policy. You have building which provides protection for the physical structure of your home, plus internal components like plumbing, heating, windows and wiring. You also can get contents which will protect all the items in your home, like clothing, furniture and electronics.For comprehensive protection you will want to get both building and contents protection. Buildings protection is probably going to be required if you have a mortgage because this helps to protect the lender in the event something should happen to damage your home. Contents cover is optional since it protects personal belongings.If you were to only get building protection and your home caught fire and burnt to the ground then the policy would only pay for the actual loss of the home. You would not have additional cover to pay for any personal items that were lost in the fire unless you have contents insurance.When making your final decision about the cover under your home insurance policy it is important to think about your needs. Do you feel that if you had a total loss of your home and everything in it that you could afford to replace contents on your own without the help of insurance? If you do not think you could afford that then you should go with both building and contents insurance. This option gives the most comprehensive home insurance and will give you a peace mind. You will know that should anything happen to your home or anything inside your home that you have the proper policy to cover the repair or replacement costs.

Modern Day Living and a Mobile Home

Not so long ago it was almost frowned upon to suggest going to live on a mobile home park, but with the current economic market this alternative form of living has turned the tables. Low maintenance low cost luxury living are just some of the terms and expressions that can describe the mobile home dwellers of this day and age.So what is the attraction? With more and more people coming onto the housing market the cost of starting out on the property ladder becomes more and more difficult. Not only have the costs gone sky high, but the privacy and castle factors have gone completely out of the window.Mobile homes or static homes as they are often now referred to have so much more to offer in terms of facilities and most come with their own little piece of land making them a much more attractive proposition than living on top of or under your neighbors with only a window box as an expression of outdoor enjoyment.Most mobile home sites are also privately owned, which means the sites themselves are more attractive than most council streets with added facilities such as on-site shops and community center, CCTV, office and a few other additions.With many mobile homes that come up for sale few have an ongoing chain, and a lot are new homes on an old or newly built plot. Most new static homes also come complete with many furnishings and appliances. Not just fixtures and fittings, but ready to go home life as soon as someone walks through the door.Cheaper heating and running costs also make mobile home dwelling a highly attractive alternative. So much so that there are companies now that will offer finance for new buys. While this side of it can still work out expensive it is still a far cheaper option than bricks and mortar.With life expectancy on some models going over eighty years and the values increasing instead of decreasing the mobile home property ladder is more and more becoming the attractive alternative.

How to Determine Property Values in Your Area

It’s a fine art, selling houses. Understanding and determining your residential property value is a critical first step for any homeowners considering selling their property, it is what drives the asking price would be in the housing market. To determine the property market value in your home residential area, here are the factors that need to be included in the value assessment.External Characteristics – also known as the “curb appeal” or “drive-up appeal,” is the aesthetic features and condition of the property that are desirable to the buyers, such as the home condition, parking lot size, architectural style of the property, paved road, water/sewage systems etc.Internal Characteristics – refers to the basic features of the property, such as the house size and number of rooms, quality of the construction, and additional upgrades to the home that would add value to the property with extra living areas and special purpose rooms, energy efficiency system etc.Property Location – can alter the market value price for better or worse depending on the location of the property. A particular school district, prestigious neighborhood can add value to your property while less prominent neighborhoods might decrease the value in others.Market Condition – is also a big factor in the determination of your property value. The number of home sales compared to the number of buyers, how fast your residential houses sell can alter your home’s price tag. It really depends on the supply and demand of the housing market during the time you consider selling your property.Assessed Value – is usually tied to the square footage of your home property, which is established by the taxing authority usually. Homeowners can estimated their home’s value by multiplying the square footage by the average cost per square foot in their residential area. This does not mean other factors are included in this assessment.Comparable Prices – of different houses in your residential area will also be reflected in your asking price. No matter what the cost of improvements has been made to the property itself, if your house is overpriced compared to other similar houses in your area, there is a high possibility that buyers would shy away.