-- Owning Your Own Home – Things You Should Know --
*Today's article was submitted to us by Sachin...
When owning your own home you need to know about home and contents
insurance, how to find the right removalist and what you should find out from
the local council.
If you are about to take the big leap into
the world of home ownership then there are some things you should know. As well as shopping around to find the right removalists who are going to take care of
your belongings and not charge a fortune, you also have to have the right home
and contents insurance.
Home Insurance
You must have home insurance if you are
going to own your own home. Your home is
likely to be your most valuable asset, other than your family and your health,
and for many it is the biggest financial commitment they make in their lifetime. You should not run the risk of losing your
home by not taking out home insurance.
Home insurance will cover you against accidental loss or damage due to
storm, floods or fire.
Contents Insurance
As well as home insurance you should also
take out contents insurance because your personal belongings are not covered by
home insurance. Your home insurance also
does not cover things like carpet, because it can be removed, so you really do
need contents insurance. You might not
feel that you need contents insurance but imagine losing everything you own due
to a fire or flood and then having to try to pay to replace everything. It would be, more than likely, extremely
difficult. Your contents insurance will
also cover your belongings when you move against any damage done by the
removalists.
Removalists (moving a home)
Before choosing your removalist, ring
around to a few different companies to get some quotes. You will find that prices can vary quite
significantly. You want to be sure you
have a company you can trust because they are handling all of your private
possessions. Speak to friends and family
who have moved house and see if they would recommended a removalist.
Local council
When you move into a new home you could be
moving into a new city council area or shire.
Each local council can have different rules about things like whether or
not you can have a front fence, if you can put a tree on your natural strip or
how many pets you can have. If you have
just built your house on a vacant block you will need to organize with the
council to have rubbish bins delivered and, as a home owner, you will have to
pay annual rates. Most councils will
have the option of paying rates in installments.
Security
You might want to consider paying attention
to the security of your new home. You
can install security doors and screens on your windows which will make it
harder for intruders to enter your home.
You can also have a security alarm put in which will go off if anyone
breaks into your home while you are out.
Value adding
You probably won't be thinking about
selling your home for a long time, if ever, but one day in the future you might
decide to move. In the meantime any
additions that you make to your home can add significant value to the property. Your most valuable asset can also become your
most profitable. Adding things like a
veranda, landscaping, a pool, solar panels, fencing and air conditioning will
all help increase the profit you could make on your home.
Find Dave and Lillian Brummet, excerpts from their books, information about their radio program, newsletter, blog, and more at: www.brummet.ca
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