Buying a home for the first time is an exciting thing.
You have a chance to get your dram home, start a family, have a yard, or maybe get a dog.
But before you decide to close on that house, you may want to think about how much the home insurance rates (did you know the term in Norwegian is innboforsikring?) on the home might be. Here are some things you may want to consider when choosing a home.
What Type of Foundation
Ask your realtor what type of foundation your home has. Why? If your home has a wooden foundation it may increase your insurance rate. Wooden foundations tend to be riskier than brick or stone foundations, especially through a storm.
You should never ask a lady about her age but you may ask about your house’s age. If your house is old then a lot of things could be old like your electrical system and pipes. Your electrical system could spark and cause a fire, while your pipes may burst and cause significant damage. Not only is that a risk to your family but to your home insurance rates as well. If you do settle on an older house consider having someone look at your pipes and electrical wiring.
You love your pet, but not everyone will love yours, especially the more aggressive breeds. Although they may be a teddy bear at heart, more aggressive breeds of dogs can be seen as a danger to other families and your insurance company. We’re not asking you to give up your pet or not adopt the pet of your dreams, but to think about how higher your rates could go if you own a certain breed.
Location of Fire Department
How far or near your fire department is can also affect your home insurance rates. A closer fire department means faster response time and the ability to save as much of your home as possible.
Location of Your Home
Whether your home is across from an exit ramp or in a high crime rate neighborhood can also affect your rates. If you live across from an exit ramp, an accident can travel onto your property. If you live in a high crime rate neighborhood your home is at a high risk of being a target for vandalism.
All in all, the less risk your home is involved in the better. Really research your home and the neighbor hood, and decide if it is really worth buying.