November 24, 2020

Are you a responsible homeowner? 80% aren’t

Our research has pointed out that every responsible homeowner always takes care of these 3 things:

  1. Have a home warranty – After your appliances’ warranty expires, without a home warranty, you might end up paying for every repair/replacement, and that is always going to be an unexpected expense. Boilers can cost up to $10,000 to repair or replace.
  2. Always make mortgage payments on time – While banks typically rely on interest rates to make their money, they are also heavily relying on high fees and late-payment penalties. Knowing if you are at risk on missing payments due to a high monthly rate, your best bet is to try and refinance on a longer time to be able to lower that payment to something you can afford every month without missing any due dates.
  3. Keep fresh batteries in the smoke alarms – You would think everyone understands the importance of this one, but you’d be wrong. Three of five home fire deaths were a result of not having a smoke alarm, or a non-functioning one according to NFPA (https://www.nfpa.org)

Are you a responsible homeowner?