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October Housing Updates: Home Insurance, Equity and Fall Maintenance

Picture of Jackie Crawford-Ross

Reducing homeowner's insurance premiums, and what to do with that home equity you've built up.

Welcome October -This month we're celebrating the feeling of the seasons changing, fall festivals, porch pumpkins, football, & spooky vibes. One of my favorite months of the year!     I hope you've been well - I'm excited to share what's going on in our state and the local real estate market. As always, if there's anything I can assist with, send me a message, I'm always happy to help!

What's new?

This month I'm looking forward to going to Disney World with my boys! Some of you may know we are frequent flyers to The Happiest Place on Earth, so if you ever need recommendations, holla at yo’ girl.

On a professional front, September was a busy month of client’s buying and selling real estate! October seems to be a busy month of meeting with homeowners who are thinking of selling and moving down south before winter is upon us. Do you fall into this category?!

Homeowner’s Insurance Sky High? Do this.

Fact: 90% of homeowners in 2023 saw their annual premium increase compared to the previous year. 

But unlike the price of eggs or gas, there are a few simple things you (and a great local agent) can do to keep tabs on your homeowner's insurance costs: 

✓ Raise your deductible 
✓ Drop non-essential coverage
✓ Avoid making small claims - your claims history directly impacts your cost
✓ Shop around every year - it’s worth it!
✓ Reinforce your property - think home security systems or wind mitigation features

Have questions? Reach out! I can refer you to great local insurance agents who will gladly shop multiple carriers to get you the coverage you need at rates you feel great about.

Source: PolicyGenius 

U.S. homeowners have an average of $274,000 in equity

Have some equity built up in your home? That’s much to celebrate! It might be time to put it to work for you! Here are three ways to get started:

Renovate and renew

Has your kitchen been begging for an upgrade? Or does your living room need a modern twist? Your equity can foot the bill for those long-awaited home renovations and increase the value of your home.

Move up without selling out

Found your dream home but don't want to say goodbye to your current property? That equity can open doors to a new home without parting ways with your current one. Plus, you can rent out your current home for an additional income stream.

Long-term investing

Whether it's starting a business, funding you or your child’s education, or venturing into the world of investments, your home's equity is a resource that can be put to work!



Have questions about using your equity wisely? I’d love to talk about your options and map out a strategy that fits your goals. Reply to this email and I can assist!

Source: Homeowner Equity Insights – Q1 2023 | CoreLogic®.

 

 

October Home Maintenance Checklist

  • Clean or refresh patio cushions and doormats.

  • Fertilize outdoor plants and trees. Plant geraniums, mums and petunias.

  • Test your heating systems and replace air filters.

  • Dust blinds, shutters and fans. Clean our your gutters.

 

 

Have questions about real estate?DSC_2031-Edit-1

Whether you're interested in purchasing your first home, moving up, downsizing, or investing, my team and I are here to be a resource to you.

Let's find you a new home. And it all starts here. Tell us a bit about your situation – buying, selling, and so forth – and one of our team members will be back in touch to discuss the details directly.
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