How To Protect Your Most Valuable Investment

How To Protect Your Most Valuable Investment from North Carolina Lifestyle Blogger Adventures of Frugal Mom

Your home may be the most valuable asset that you will ever own. For most consumers, purchasing a home requires loan payments for 15 to 30 years, along with insurance costs and property taxes. Every homeowner should make an investment to repair and maintain the home each year. If not, the cost of major repairs can be huge, and the value of the home may decline. Use these tips to protect your most valuable investment.

Common risks for homeowners

The risks of home damage can differ, based on your location, but there are several issues that nearly all homeowners face. Consider these risks, and how you can prepare for them:

  • Burglary: A break-in can happen in any neighborhood, and it’s important to take steps to secure your home. Make sure that both your doors and your windows are properly locked, particularly in the spring and summer when you keep your windows open for a period of time. Some homeowners lock up jewelry and other valuables in a safe at home. Consider a burglar alarm system for your residence.
  • Flooding: Hurricane Harvey caused a flooding disaster in the Houston area in the summer of 2017, so many homeowners now think about the risk of flooding more seriously. The Federal Emergency Management Agency (FEMA) provides resources to determine if you live in a flood hazard area. You can also check with your realtor or local government officials to confirm if your home is at risk of flooding. If your home is at risk, consider where you locate expensive items in your home, and look into buying flood insurance.
  • Pest control: Home damage due to pests can develop slowly over time. However, ants, termites, and other pests can do a great deal of home damage. To protect your home, have an expert perform a home inspection. If you’re looking for pest control in Oklahoma City, for example, a professional exterminator will reinspect your home if pest problems continue after their initial home visit.
  • Tree services: Overgrown trees can damage the siding or brick on your home, and tree limbs can pull down power lines and cause damage to your yard or a neighbor’s home. Hire a tree service firm to assess the tree growth on your property, and if you need trees trimmed or removed. For example, if you live in Oregon, to ensure that these trees remain healthy and beautiful, it’s important to use the services of a professional tree service. Tree services in Oregon are experienced in pruning, trimming, and removing trees safely and efficiently. They can also provide advice on how to maintain your trees for optimal health.

Each of these risks requires an investment by the homeowner, but annual repair and maintenance costs are less expensive the major home damage.

Insurance costs

Insurance is an important tool to protect the value of your home. Your home may require several forms of insurance:

  • Flood insurance: Flood insurance may not be a standard item in your homeowner’s insurance policy, so it’s important to check with your insurance carrier to see if you have coverage. During the recent hurricane damage, many homeowners thought they had flood coverage but did not. FEMA has created a national flood insurance program to provide affordable insurance to property owners.
  • High-value insurance: If your home contains expensive artwork or collectibles, look into purchasing high-value insurance to protect those specific items. Typically, the policy will require you to list the specific items to be insured in your application. Just as with flood insurance, your basic homeowner’s insurance policy may not cover the cost of expensive items.

Take steps to protect your home’s value, because it may be your biggest investment. Create a budget to pay for insurance, repair, and maintenance costs each year. Taking these steps will help you protect the value of your home.

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  1. Pest control is definitely one of my most problems because of the environment. Planning to move because of the problem. But, I’m planning to consult with a pest control service. Great post!

  2. Yes, investment is very important for all family. We do not know what these futures will be. Pest problem is a very big problem. If you have the pest in your home then you and your children are not safe during sleep. Really love this blog. And thanks again for sharing.

  3. I agree with your content , I’ve always opted liquid chemicals for pest control and have not tried the botanical option yet, it seemed to have successfully bugged the dents away.

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