Tag Archives: property

The Fallout: Steps To Take After Suffering Extreme Damage To Your Home

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The Fallout: Steps To Take After Suffering Extreme Damage To Your Home

It’s never something we would like to think that would affect any of us, but with the rise of inclement weather all over the world, it seems more and more likely with every passing year that your home will be involved in some kind of disaster. Whether it be a flood, tornado, earthquake, or a fire, it is a terrible situation to be in. But what happens after the event to your home and to you personally? Let’s try and address the issues about how to repair all the damage after a disaster.

The First Thing To Do:

The first sort of call when it comes to a disaster happening to your home, once everybody is safe, is to get in contact with your insurance company and file a claim. Depending on whether you are renting your home or not, you would still need to make a claim based on the damage to your property or your worldly possessions. It’s your prerogative at the start whether you would want to use a loss adjuster to deal with the entire process of the claim, which could help with the buildings insurance, contents insurance, as well as providing emergency accommodation. And the sooner you are able to engage with one, the bigger the burden they can remove from your shoulders. Once you have met with the loss adjuster, they will undertake a fact-finding mission throughout your property, and based on the circumstances of the claim, forensic specialists may be called to undertake an investigation, especially if this was a house fire to determine the cause.

The Next Steps:

Once you have met with the loss adjuster, they will submit a report to the insurance company based on the circumstances surrounding the disaster and they will also recommend whether the insurer should pay your claim or not. They will make a decision on whether the policy you have is sufficient enough to cover the damage, which is a big problem a lot of policyholders have, being “underinsured”. From there, the emergency contractors will be appointed to carry out any works that are urgent, and this could include water damage restoration companies, which will provide their own investigation into the causes. If you have issues in your home with things like running water, they will provide a restoration plan for you.

Other companies may weatherproof your property or make your home more secure by boarding up the windows or covering the roof. It’s important to note that the insurers might not pay for this work until the claim has been processed, so it would be your responsibility in the meantime to prevent additional damage to your property. After this, the surveyor will assess the overall damage to your property and put together a plan for the reinstatement of it.

The Contents Claim:

If your home was very badly damaged and all of your possessions have been destroyed, it’s important for you to make a detailed list of all of your contents including the cost for replacements. A lot of insurance companies act on a “like for like” basis. But if you are claiming for things like clothes and bedding, they are replaced on what is called an indemnity basis, meaning that there will be a reduction in their value based on the wear and tear of your original items. And if you’ve got a lot of high-end items such as electronic equipment or designer clothes, you need to provide the proof, the makes, models, etc., before the insurance company will accept the claim completely.

The Personal Impact:

As it would be expected, the process of dealing with loss adjusters and the insurance company can be a trying one, especially if you are without a home. During the process, you will be in temporary accommodation, and this could be the emergency accommodation provided at the outset of the disaster. After that, you would have to find long-term temporary accommodation that suits you and your family during the restoration of the property. This can be difficult to acquire, especially if you have a big family or have pets.

It’s at this point where the stress can get the better of you, as you’re not in your own home. During your dealings with the insurance company, you may feel like you’re being passed from pillar to post, but this is a fact of the situation, unfortunately. If your claim is in limbo, it can take some time. And during your negotiation with a loss adjuster, you may not get everything that you wish in terms of suitable emergency accommodation, as you need to agree on a budget with the loss adjuster.

The Final Pieces Of The Puzzle:

Once the ball has been rolling after the tense negotiations, the process of tendering will begin. At this point, the contractors will be appointed to do the work on your home. The contractors are usually specialist ones appointed by the insurance company, but if you want to use your own contractors, you need to be careful with your choice as there are many out there who may not have a good track record. It is at this point where the surveyor will meet with the contractors to solidify the final parts of the work, which will progress until your home is fully restored. It’s important to note that at this point, you may wish to make some alterations to your home, pending the approval of the surveyor. After this, your contents claim would be agreed, items are secured, and you can return home.

While we all hope that it doesn’t happen to us, it’s important that if your home suffers from any type of disaster that you have the right policies in place. If you don’t have any insurance, it is recommended that you get something for peace of mind. If your home is ever going to suffer a disaster, with the right insurance policies in place you know you can, at least, rebuild your life.

Featured Image By: Wikipedia

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Home Upgrades Guaranteed To Attract Buyers

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Home Upgrades Guaranteed To Attract Buyers

Buying a home is a momentous occasion in many people’s lives. The process can be daunting, long, and full of highs and lows –  most of us have experienced the drama of finding our supposed dream home, only to lose out on it at the very last minute. Yes, the property market can be fickle. But it is also worth being realistic about it. Very few people actually stay in their first home, or even their second homes, forever. As homes are progressing in value all of the time and as people start to need more room for whatever reason (children being the most common cause), buying and selling property is something many of us do every few years.

But, if you thought that buying a home was hard, just wait until you start selling! Trying to find a buyer for your property that meets your requirements can be a laborious process, and there’s nothing worse than having to drop your asking price because you’re not sure how else to attract a buyer. This, however, should only ever be seen as a last resort. There are plenty of other things that you can do to raise the value of your home so that when it’s time for it to go on the market, you just know you’ll be swarmed with offers:

Get Any Maintenance Issues Fixed: If you’re planning on being out of your house in a few months, it can be tempting to leave that annoying maintenance issue for the next tenants to deal with. However, this could potentially cost you the sale of the house. Buyers aren’t stupid, especially when there is such a huge amount of money at stake.  Don’t try to pull the wool over anyone’s eyes, because you just risk the buyer pulling out at the last moment when they find out what is truly wrong with the house. Spend some time and money getting any outstanding issues fixed – it will pay off, we promise!

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Handy is dandy!

Spruce Up The Outside Of Your Home: It’s easy to see why most people spend money on decorating the inside of their homes as opposed to the outside – after all, it’s what’s on the inside that counts, right? Wrong! Well, to an extent anyways. Most buyers now turn to the internet to seek out available properties these days, and the first picture that they are likely to see will be a shot of your home’s exterior. This is your one chance to make a good impression, so make it count! If, for example, you have a large double garage, but it is let down by some ugly titanium doors, find somewhere local that can provide great garage doors to spruce the exterior up a little. Giving your door a lick of paint and adding some shrubs and plants to brighten the place up can also increase the value of your home more than you might think.

improve3What a perfect color for the door! 😀

Focus On The Kitchen & Bathroom: If you have a limited budget for the pre-selling remodel, it is wise to focus your attention on either the kitchen or the bathroom. These tend to be the most used rooms in the house, and for that reason, they are also the most expensive to remodel. Your buyer will appreciate having a ready-made kitchen or bathroom that they can start using straight away, so if you are going to remodel any part of your property, make sure it is one of these two rooms.

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The Eiffel Tower is a nice touch! 😉

Give the inner and outer exteriors of your home a run through, and nitpick what you can find to fix or spruce up to raise your property value today!

Featured Image By: BlogSpot

Homeowner’s Hit List: What Upgrades Should You Make To Your Property This Year?

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Homeowner’s Hit List: What Upgrades Should You Make To Your Property This Year?

Home is where the heart is and every homeowner will be looking for ways to bolster their properties over the coming months. And let’s face it, there are usually two factors that we demand from any upgrade project. Firstly, we want the work to improve our lives. Secondly, we want those improvements to add financial value, too. If your next home upgrade project can achieve both of those things, it’s probably a wise choice. Still struggling for inspiration? Here’s all you need to know:

Give Every Room A Purpose: There’s no greater mistake than letting a room go to waste. You’ve paid good money for your property and you should be eager to make every last inch matter. A decluttering session will certainly add the perception of more space, but nothing will beat repurposing a dormant room. The most likely candidates will be the guest bedroom or the garage. Whether you turn it into a man cave, a she shed, or a second living space doesn’t matter. Giving the space a purpose will surely be better than letting it collect dust. Alternatively, you could look into converting the attic space into a home office. It might cost a little time and money to complete the transformation, but your property value will increase dramatically.

Add Modern Tech: You don’t necessarily need to transform an entire room to breathe new life into the property. Technology and home gadgets have completely transformed the way we interact with our properties. Leaving yours in the past could be reducing your enjoyment and may limit the resale value, too.

First and foremost, you should prioritize the essential comforts of a modern home. A suitable HVAC system, high-pressure shower, and washing machines can all have a telling impact on your daily life. Home audio visual solutions can upgrade the way you interact with the property as a family as well as on an individual basis. Let’s face it; most homeowners will desire that type of advanced tech, too. Having it in place now will make the home more attractive.

Finally, there’s no greater feeling than safety. Investing in home surveillance and other tech-based security could work wonders. In addition to increasing home value, it could reduce your insurance premiums also.

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The bat cave!

Go Green: If your next project can improve your life as well as your finances, then that’s great. But if it can additionally reduce your damage to the environment, then it surely has to be a winning solution. Greener living doesn’t mean you have to become a hippie. It doesn’t even mean that you need to make huge investments like roof solar panels. Small upgrades like eco-friendly toilets and new windows will work wonders for energy bills and emissions. On top of that, you should see the value of your property gain a serious boost.

In the meantime, LED light bulbs and eco-friendly cleaning materials can make a noticeable impact. If nothing else, it will provide another incentive to follow through with those slightly larger planned upgrades.

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Go green!

Featured Image By: Google

The 411 On Fixer-Upper Properties

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The 411 On Fixer-Upper Properties

Thanks to all of those fabulous DIY shows on TV that take old wrecks of houses and turn them into incredible homes, you may be considering investing in a property that’s a fixer upper if you’re thinking of buying a house. These shows have made the concept of investing in a fixer-upper home seem incredibly interesting and a great way to cut costs, too, but the truth is, that’s not always the case.

You see, it depends on the property that you pick and how much work it needs done to it. Pick the wrong property, and it can mean spending a lot of money on it without getting any financial rewards in return, such as a high property value. Now, don’t get us wrong, there’s nothing wrong with investing in a fixer-upper property, you just need to be clear about what it actually involves, that’s all. With that in mind, below are a few things you should know before investing in a fixer-upper property:

You Need to Know What You’re Doing: First things first, when it comes to investing in a fixer-upper property, you need to know what you’re getting yourself into. You need to ask yourself, do you really have the time, money, and patience for a fixer upper property? Fixer upper properties can take a lot of time, effort, and money to turn into livable spaces and it’s important to realize that. Yes, a fixer-upper can be a great project to work on, but it’s important not to make the mistake of underestimating just how much work it will be.

You Won’t Be Able to Do It Alone: Unless you’re a highly skilled contractor who specializes in all parts of construction, the chances are that you’re not going to be able to do it alone. So as well as putting money aside for materials for repairs and updates, you will need to put funds aside for any help that you will need, such as a roofer to deal with the roofing and gutters, a plumber to fix any broken pipes, an electrician to deal with the wiring – you get the idea. Before using a contractor of any type, make sure to check their credentials and to get a quote so that you know how much to expect in terms of charges.

They Have the Potential to Be Beautiful: When it comes to fixer upper properties, it’s important to realize that they have the potential to be really beautiful places, just like you see on TV shows like Grand Designs. The fantastic thing about a fixer upper property is that you can pretty much start again and create a home that’s whatever you want it to be. Whether you want a home that’s wonderfully eco-friendly or that has a unique design, you can make that happen with a fixer upper property because it’s yours to shape however you like.

Fixer upper properties can be a great option when it comes to finding a new home; they can give you the ability to shape your home to be just as you always imagined it would be. However, it’s important to realize that there’s a lot more to taking on a fixer-upper property than meets the eye as well as what’s seen on TV, and you need to be prepared for that.

Featured Image By: Flickr