Whether someone buys or builds a house, they are going to have certain inevitable expenses, such as their mortgage, property taxes, insurance utilities, and maintenance. However, it is possible to reduce how much some of these costs end up being by building a home that is designed for safety and longevity. Adding certain features or not adding some can have a drastic impact on your insurance premiums.
Skip the Swimming Pool
A swimming pool is an incredible addition and can easily fit into a large backyard space, but it will naturally increase home insurance premiums because of risk alone. It is better when you are in an adult-only household, but as soon as you incorporate pets or children, the risk grows substantially. When minimizing long-term costs is a top priority, you should avoid adding a pool to your home.
Build a Resilient Roof
The roof is one of the most expensive parts of your home to replace. Insurance providers like when their customers have a resilient roof, especially when it is not extremely costly to replace. Asphalt shingle is a perfect material choice for the fact that it is lightweight, fire-resistant, and inexpensive.
Opt for a Small Home
The larger your home, the more it is going to cost to build. Running electrical wiring, plumbing pipes, and a heating and cooling system through a small house is far easier and less costly than a large one. This will naturally reduce the overall value of your home, which is a great way to keep insurance rates down.
Invest in High Security
Home security is such an important part of feeling safe inside your home and with your family. However, you do not want to underestimate its ability to reduce your long-term costs. Deadbolt locks are something that you should have on every exterior door, including the one that goes into the garage. Putting them on the interior doors will further enhance your home's protection, especially in the case of a break-in.
Buy Land Close to Emergency Services
When you are located close to a police station, fire station, and hospital, you do not have to worry about long response times. For instance, a fire that breaks out only a few blocks away from a fire station can be responded to in a matter of minutes, which can make a huge difference in terms of overall damage. If you can, you should look for plots of land that are close to one or all of these services.
If you want to keep your home insurance costs down, you should plan for it during the buying and building process. Contact an insurance company like Farmers Insurance Group for more information.