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Why Do You Need Home Insurance?

home-insurance-quotes-3Are you a prospective or new homeowner wondering why you need insurance for your home? Unaware of the policy details? Here is a brief overview of home insurance.

Most people need home insurance for two major reasons:

To secure your assets:
A Homeowners insurance policy covers the house as your asset and any personal property that is part of the house. Homeowners insurance also covers your responsibility for injuries to other or their property while on your property.

To satisfy the requirements of your mortgage company:
Most mortgage lenders require you to have home insurance as long as you have a mortgage agreement with them. Even if you do not insure your home, the lender will insure the home. The disadvantage being that the premium may be higher with limited coverage. The company may require you to pay the premium until you make for the insurance on your own.

What do Homeowner insurance policies cover?
Many Homeowner insurance policies come in different packages. With some covering everything form Medical insurance for people on your property to others with only dwelling insurance.

Dwelling insurance: This type of insurance covers the damage to the structure of your house. This may include plumbing, wiring and heating and air conditioning systems as well.

Miscellaneous structures: This cover the damages to adjoining structures to your house like fences, guest cottages and structure not directly connected or attached to your house.

Your personal property: This insurance covers any form of personal property you own. The damage to the property should not only occur within the premises, but the policy also covers any harm to the property outside the house.

Loss of use of the property: This pays some of the additional living expenses when the house is under repair.

Personal liability for injury: This covers the financial loss due to damage to someone or his or her property when inside your property.

Medical payments: This type of insurance covers the medical expenses of people hurt on your property due to any reason.

Professional advice should be considered when looking for the right insurance policy for your home.

 

antpattysmall

Align yourself with us for your next real estate transaction!

www.thealliancehometeam.com

    Anthony Giglio                       Patricia Lovett
anthonygiglio@remax.net               plovett@remax.net
781-789-3940                          781-910-8950

 
 

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Thinking Spring to sell your Home?…Think again!

wintersaleMany homeowners think that winter is bad time to list their home for sale. Historically,this may have been true but in today’s booming real estate market home sellers might want to rethink waiting until the spring to put their home on the market.   Here’s why…

Selling a home in the winter presents a much better opportunity than spring.  The biggest advantage to listing your home in the winter is lack of competition.  Savvy homeowners listing their house for sale in the winter will find less inventory to compete with thus putting their property in a prime position for multiple offers and higher sale price.

Some homeowners may be skeptical,especially here in Massachusetts where we see lots of snow. However, this year we have seen a near record snow fall and they two properties I have listed during this crazy weather sold in less than a week and both had multiple offers! I even held an open house during one of these snow storms and we had a great turnout. What that shows is that serious buyers will do whatever it takes to find and buy a home no matter how much snow is falling!

Thinking about waiting until the spring to list your home…think again!

 

antpattysmall

Align yourself with us for your next real estate transaction!

www.thealliancehometeam.com

    Anthony Giglio                       Patricia Lovett
anthonygiglio@remax.net               plovett@remax.net
781-789-3940                          781-910-8950

 

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Homes for Sale: 13 Locust St, Woburn, MA

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Welcome home to this beautiful westside home where pride of ownership shines throughout. This meticulous maintained Cape boasts a stunning kitchen with ceiling high cabinets, granite countertops and recessed lighting. Step out of your kitchen into a spacious family room with vaulted ceilings. Enter the sunlight dining room which continues into your cozy living room with a handsome picture window. First floor also showcases gleaming hardwood floors throughout and a rare master bedroom with a luxurious master bath with laundry. Walk up your beautiful oak tread staircase where you will find two generous sized bedrooms and abundance of storage space. Continue down to the basement to enjoy 3 additional rooms including the 4th bedroom, living room, play area and half bath! This energy efficient home as 6 heat zones! The mudroom, large patio for entertaining, nice size yard and ample driveway space complete this amazing home. Walking distance to the Joyce and Hurld.  Check out the virtual tour here http://www.circlepix.com/home/AGFR7Y

Thinking of selling?

Call us today for a FREE, NO Obligation market analysis of your home’s value.

antpattysmall

Align yourself with us for your next real estate transaction!

www.thealliancehometeam.com

    Anthony Giglio                       Patricia Lovett
anthonygiglio@remax.net               plovett@remax.net
781-789-3940                          781-910-8950

 
 

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Difficult Neighbors!

bad neighbors
You can choose your friends, but you can’t choose your neighbors. I have a true story for you. In order for you to understand, I have to give you the background. In 2000, ten or so homes were built in a new development and my family and I were the last to move in.

I came out of my house to get in my car which was parked out front, to drive my son to soccer practice. I was approached by a neighbor, with not a “welcome to the neighborhood” or a “hi, how are ‘you”.   He just a shoved a petition for me to sign against my immediate neighbor on my right. It seems no one cared for my immediate neighbor’s constant and alarming additions to their backyard. First they installed an above ground pool, then a hot tub, then an enormous three tier deck to incase the pool and hot tub. Then came the pond and the fish, not to mention her over the top gardening. Did I mention the first thing that went in was the storage shed?  These were weekend projects!  All were completed at an alarming rate with the husband and father in law seemingly on speed. I can understand my neighbor with the petition’s concern, but no one has control over what someone does in their own backyard.

Meanwhile I was still unpacking and deciding on my first upgrade which was a sprinkler system.  I politely declined signing the petition.  My reluctance to get involved was the best decision.  It would be different if there was a problem with my safety or my children’s safety.

Apparently, all the other neighbors were ganging up on my immediate neighbor, the one with the pool.  So my other neighbor decided that the best solution would be to put up a fence. That should have been the end of it, but at one point the police were called to my quiet cul-de-sac.  It turned into a neighborhood discussion.  After the police intervened, both families were told to take the matter up legally.

The two neighbors ended up in court, and needless to say, you can’t make someone adjust to the way you think things should be and what their backyard paradise should encompass.

Meanwhile both neighbors no longer live on my street. Bad neighbors can’t be avoided sometimes, it is best to ignore them!
About the author: Patty Lovett is a Realtor at RE/MAX Legacy and part of the AllianceHomeTeam

antpattysmall

Align yourself with us for your next real estate transaction!

www.thealliancehometeam.com

    Anthony Giglio                       Patricia Lovett
anthonygiglio@remax.net               plovett@remax.net
781-789-3940                          781-910-8950

 
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Posted by on February 3, 2015 in Home Buying

 

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How to get your house ready for the sale

 

Are you a homeowner ready to move on? Worried about a prospect’s opinion about your house? Hundreds of homeowners ready to sell their house are unaware of these tips to prepare their home for the perfect sale.

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Tip No. 1: Finding the right price of your house

Many buyers are unaware of the market conditions and looking to close a sale at too high a price for their home. Our service helps clients find the exact price of your home. Being aware of the range of price your real estate is worth, will help you a lot when looking to close a sale.

Tip No. 2: Having the right lighting around the house

Buyers get excited about a new house if it is worth the money. Having the perfect lights and a clean outlook can be worth a lot. A spacious home with good lighting is more attractive than the same home with a dark and shadowy look. After all, when was the last time you went to a cheery, well lit up place, and did not enjoy your stay?

Tip No.3: Fix the flaws

Do not be lazy about this. A well-maintained house is worth a million in sales. A surprise turn by the highly critical buyer in the wrong place can blow the whole gig for you. Having done the quick fixes here and there will not only pay off, but also help you impress any potential buyer by the perfect condition of your house. This may even help you negotiate a better price for the house.

Tip No. 4: Making the best possible first impression

First impressions are the last impressions. Having the entrance prepared and the curb cleaned will not cost you a life! A future home is a heaven on earth for many. Having a few fragrant flowers on the entrance and a polished doorway can close the sale right at the doorstep.

Tip No. 5: Finding the right broker

This is the most essential part of the sale. Choosing the right broker is not only necessary for a better price on your home, but can go miles in your successfully closing a perfect sale. A good real estate broker should have a good record of accomplishment of sales and a good amount of experience under the belt to handle the sale of your house.

Thinking of selling?

Call us today for a FREE, NO Obligation market analysis of your home’s value.

antpattysmall

Align yourself with us for your next real estate transaction!

www.thealliancehometeam.com

    Anthony Giglio                       Patricia Lovett
anthonygiglio@remax.net               plovett@remax.net
781-789-3940                          781-910-8950

 
 

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Look what the Alliance Home Team Sold in West Medford in 2014!

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Thinking of selling?

Why not call the team of Realtors familiar  with your neighborhood with PROVEN
success?   The Alliance Home Team is your neighborhood REALTOR.
Call us today for a FREE, NO Obligation market analysis
of your home’s value.

 www.thealliancehometeam.com

Align yourself with us for your next real estate transaction!

antpattysmall

Anthony Giglio             Patricia Lovett
anthonygiglio@remax.net    plovett@remax.net
781-789-3940                      781-910-8950

 
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Posted by on January 7, 2015 in Uncategorized

 

New Year To Dos for Your Home

With the start of a new year, it’s always a good idea to assess your home and its needs. Taking stock of appliances, home systems, and other items that make a house a home will help guide you to home improvements needed, appliances that may be near the end of their lives, and any other updates that can help to boost your home’s worth. Listed below are major home systems to evaluate in the new year to help give you peace of mind.

HVAC

In the winter and summer months a home’s HVAC (heating, ventilating, and air conditioning) systems are put to good use. January is the perfect month to replace disposable filters or wash permanent ones in your home’s HVAC or humidifier systems. Filters should be regularly replaced or washed when use is high or during peak seasons.

The start of a new year is an excellent time to vacuum all heat vents, especially those that are located on the floor. The vents are overly susceptible to dust, dirt, pet hairs, and other particles that float through the air. Vacuuming heat ducts helps clean your home’s HVAC system and can help with any problems brought on by indoor pollutants, mold, pollen or anything else that finds its way into an air duct. Vacuuming has also been known to help with any heating or cooling issues related to clogged air ducts. January is also a good time to check for any leaks in your home’s forced air heat ducts. If any are found, seal the leaks with duct tape.

Smoke Alarms and Carbon Monoxide Detectors

Smoke alarms and carbon monoxide detectors save lives. Checking alarms and detectors is especially important when cold temperatures in the winter leave homes closed up. This month inspect, clean and test your smoke alarms and carbon monoxide detectors, and be sure to replace any that are faulty, no longer working or old.

Fire Extinguishers

Very few homeowners actually have to use a fire extinguisher; many times these important tools get overlooked for maintenance. January is a great time to inspect and charge any working fire extinguishers you may have in your home. Fire extinguishers should also be placed in all accessible areas of the home where fires are more likely to occur: kitchens, garages or areas that house furnaces, boilers, fireplaces and stoves.

 

Fire Evacuation Plan

Do you have a plan in place in case of a fire in your home? January is the perfect time to form a fire evacuation plan. Go over the plan with anyone who might live with you, and if you have kids dedicate a time to have a practice fire drill. Should your home’s bedrooms be on a second or third floor, invest in a fire escape ladder, many of which can be found at your local hardware store.

Leaking Windows and Electrical Outlets

With winter setting in, finding the weak points in your home will not only help keep your home warm, but it will also help cut down on heating bills. Identify any windows that may have broken seals by looking for condensation on the inside of the window. Examine electrical outlets throughout your home for any drafts, and insulate those that may be letting in cold air.

 

Check and Test GFCI Outlets

Ground fault circuit interrupters (GFCI) are a must have in your home. These special outlets protect people from electric shock by monitoring the amount of current flowing through the outlet. If there is an imbalance of current, the outlet trips the circuit of the appliance, cutting off the electricity. You can test GFCI outlets with a circuit tester that has its own GFCI test button. GFCIs do wear out, and their lifespan is about 10 years. Replace GFCIs that no longer function properly — these outlets save thousands of lives each year.

Many homeowners have home safety and preparedness at the top of their priority list, and the New Year stands as the perfect time to discover what improvements and fixes your home will need in the coming months. Other items to look at in a new year:

  • If you’re in an area that is known to have inclement weather, make sure you have proper snow removal equipment and have alternative energy options in case of power outages
  • January is also a great month for reviewing warranties and product information on a furnace, large appliances, and any other big ticket items in the home

Preventative maintenance will not only save you money and keep your home safe, but houses that do not keep up with maintenance have been known to lose up to 10% to 12% off their appraised value. The US Census has estimated that annual maintenance can cost between 1% and 3% of a home’s initial costs dependent upon the geographic location of the home. With the New Year, getting a head start on yearly to dos, and anticipating yearly maintenance, will put you ahead of the issues and have you prepared for any upcoming and unforseen fixes.

 
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Posted by on January 6, 2015 in DIY, Home Safety, Seasonal

 

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