Is It Good Time To Buy A Home? Given the high purchase prices and interest rates, homebuying is tremendously expensive. In fact, according to Redfin, the median sale price of a United States Home in July 2024 was $438,706, and the national average 30-year fixed mortgage rate was 6.8%. That’s a major investment – so… Continue reading Is Buying a Home Worth It?
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What Are The Hidden Costs of Buying a Home? Buying your first home is an exciting adventure. Though you may be aware of common homebuying costs, like your mortgage and homeowners insurance, there are several hidden costs of buying a home that you might not be aware of. The more you learn about these costs… Continue reading Hidden Costs of Buying a Home
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Does Homeowners Insurance Cover Earthquakes? Earthquakes can cause major damage to your home. More severe earthquakes can leave your home uninhabitable and needing to be rebuilt, while more minor damage can still destroy your personal belongings. Hopefully your home is never affected by an earthquake. But if it is, it’s important to make sure that… Continue reading Does Homeowners Insurance Cover Earthquakes?
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Does Homeowners Insurance Cover Plumbing Repairs? Plumbing issues can cause significant damage, and in addition to the repair, you might find yourself having to clean up a major mess. While your homeowners insurance helps cover many unexpected costs of homeownership, your policy will probably cover certain plumbing-related issues, but not others. There’s no one simple… Continue reading Does Homeowners Insurance Cover Plumbing?
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Does Home Insurance Cover Wind Damage? Wind can seriously damage your home, and may impact everything from the roof to the siding and shingles. If wind damages your home, your homeowners insurance should offer some protection. Just how much your insurance covers depends on your policy type and even the state you live in, so… Continue reading Is Wind Damage Covered Under Homeowners Insurance?
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Is Home Insurance Tax Deductible? When you own a home, you have numerous expenses, including mortgage payments, homeowners insurance, and maintenance costs. If you itemize deductions on your tax return, you may be able to deduct expenses like your mortgage insurance premiums and property taxes from your income tax. But is homeowners insurance tax deductible?… Continue reading Tax Deduction For Home Insurance
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What is High-Value Home Insurance? As the name suggests, high-value home insurance is for homeowners with a property with high net worth. This means not everyone will benefit from high-value home insurance. Thus, what’s the threshold for a high-value home? And what perks do you get for taking out a high-value policy? If you own… Continue reading Do You Need High-Value Home Insurance?
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