When buyers are ready to purchase a new home, their lender will require proof of insurance at closing. This is the perfect time to shop at least 3 different companies to compare policies and costs. Most of the time, customers will get the best rates when they bundle their auto and home insurance together. I also encourage my clients to look into “Umbrella” policies which provide additional coverage for very little money (usually $1,000,000 policies). Also, take time to review insurance company reviews, what good is a cheap policy if the company you work with refuses to pay or is very difficult to work with? Lastly, many insurance companies act like our cable providers and reward customer loyalty by jacking up their prices higher than new customers pay! So it makes sense to review your insurance company and costs annually.
Many people moving to the Cary, Raleigh area do so for various reasons: our great school system, local Universities, low unemployment etc. There is another great reason to move to Cary and Raleigh…the fees for basic services these cities provide is relatively low compared to other cities in North Carolina. I can tell you that Cary has a bad rap for high taxes but it is quite unfounded. Below is a chart which shows that the costs of water/sewer fees and taxes combined put Apex and Raleigh are lower than 75% of the other NC cities; Cary is less expensive than more than half.
Read more of the article by Micheal Jacobs “Charting Cities’ Financial Stewardship”:
After you have made an offer on a home to purchase, it is vital that you quickly find out what your insurance premiums will be. If the existing owners had a lot of claims on the home in the past, it can very well affect YOUR premiums for the home. Some homes may not be insurable in this market at all. You need to know this before you get too far down the path to closing! VIDEO:
Duke Power and Progress Energy are in the process of Merging. Will Cary, Holly Springs, Raleigh NC Home owners see savings from this merger? Duplicate positions will be cut, efficiencies found, but it will be at least a year before we see any benefits in our energy bills. Meanwhile, a quick way to save money on your energy bills is to simply install a programmable thermostat. It is estimated that home owner wills save 20% on their heating and cooling bills by adjusting the temperatures 5 to 10 degrees at night and when you are away from the home at work. We replaced the three thermostats in our house this year and I discovered they are also a time saver for me. In the spring and fall I was forever having to go to the thermostat and flip the setting from “heat” to “cool” as the outdoor temps fluctuated from day to night. Our new thermostats automatically flip the cycles for me so no more involuntary exercise for me running up the stairs (that is saved for the gym so I can pay for it!). I checked Home Depot in Cary and the average cost for the programmable Thermostats they carry is $80. My husband was able to do the replacement in 15 minutes. (He is a wonderful husband, father and friend, but not known as Mr Fix it…most “installations” take about 3 extra trips to the hardware store and some colorful language…if that helps you gauge the level of difficulty). Take a look at Energy Star’s Information about Thermostats and settings.