Home Automation and Energy Savings

Home automation through platforms like Google and Amazon Alexa pair well with devices like the Nest thermostat to allow you to control the amount of energy your home uses on a daily basis. While some of it is dictated by your family, much of the energy you use is consumed through the normal, day to day operation of your home. The staff of Lifetime Investments offers Mesa, AZ residents insights on how they can manage their energy usage with home automation platforms.

Automatic Temperature Adjustments

By using what is known as a "smart" thermostat, you can regulate the temperature inside your home by programming your home automation platform. This can reduce energy usage while you are away from home and set your furnace or A/C unit to turn on prior to your coming home. This ensures that your home is comfortable when you’re home without wasting energy to keep it comfortable while you’re not.

Maximize Your Home’s Energy Saving Potential

Using home automation maximizes your home’s energy-saving potential. Timers can be used to turn lights (indoor or outdoor) off and on as desired. Thermostats can be used to adjust the temperature inside your home according to your needs. There is no need to keep your home a cooler temperature if you aren’t going to be there. Home automation can also alert you when appliances may not be running at maximum efficiency.

Contact the staff of Lifetime Investments today if you live in Mesa, AZ and are interested in learning more about the benefits of home automation and how it can help you save energy throughout your home. Schedule a free consultation today!

Renting Out Your Home On AirBnB? Here’s What Mesa Residents Need To Know

Thinking about using a short term home rental service such as AirBnB or VRBO to rent out your Mesa, AZ home? There are a few things you may want to consider before you take the leap. At Lifetime Investments, we’re committed to making sure our home insurance policyholders are informed about issues that could affect their residence. Think about the following before you decide to list your home as a Southwestern oasis for vacationers. 

– Arizona law requires you to get a license and collect a lodging tax. Failure to do so could result in hefty fines. You may want to build this tax into the overall fee for renting your home.

– Do you live in a neighborhood with an HOA? Check the bylaws on whether short term rentals are permitted. 

– It’s a good idea to talk with your neighbors to make sure they’re comfortable with the idea of a short term rental operating next door. One angry neighbor can ruin the rental experience for customers, destroying your rating. 

– Estimate your costs. After each stay, you’ll want to have the rental area professionally cleaned. You’ll have the option of factoring this cost into the total cost of the rental. 

Of course, it’s important to have a solid homeowners insurance policy in place if you plan on renting out your home to others. At Lifetime Investments, serving Mesa, AZ, we’re familiar with the logistics of short term rentals and can help create a policy that makes sense for your needs. Give us a call today to talk with an agent about a policy that suits your home.

What to Know When Purchasing a Fixer-Upper Home

If you’re looking to buy a fixer-upper home in the Mesa, AZ area, you need to know these things that could fix you up financially.  You may be excited about the possibilities of the fixer-upper home, but you also don’t want to end up needing to spend more time and money on the renovations than the purchase price.  Here are four things to help you decide if it’s a keeper or not.

•    Evaluate the price.  A fixer-upper should come at a fixer-upper price.  Look at the neighborhood where the home is located.  You don’t want to fix up a home to improve the neighborhood, which could be a mistake if you plan to sell the house.

•    From the beginning, start evaluating the areas that need improvements.  Are the renovations things like painting and landscaping that will take more sweat than money to correct or expensive renovations?  Start calculating the renovation costs.

•    Consider which improvements will need a professional to manage, such as a new roof, electrical or plumbing work, heating or cooling systems, or insulation versus those you can do yourself.  The ones that need a pro will be more expensive repairs and possibly more time-consuming. 

•    Fixer-uppers can take time and cause ongoing disruption in the home for a while.  Think about your tolerance level with disruption and the renovations needed.  It can be taxing on stress levels, and you’ll need the patience to deal with all the repairs.  Consider your budget, time, and tolerance first.

Lifetime Investments

Lifetime Investments provides homeowners insurance policies in the Mesa, AZ area.  Our agents work to make sure you have the right coverage for your home.  Contact a Lifetime agent today and start exploring your homeowner’s insurance needs for that fixer-upper.

3 Reasons You Need Home Insurance in Mesa, AZ

Home insurance protects your home in the event of unforeseen events. These events could include a number of things you never expected. At Lifetime Investments serving the Mesa, AZ area, we specialize in finding the right home insurance at the right price and protection for each client. To learn more about protecting your home with home insurance and why you need it, read on.

1. It’s the Law

If your home is under a mortgage, home insurance is required by law. This protects the asset for both you and the bank. In fact, you can’t get a mortgage without having home insurance. However, even if you don’t have a mortgage and own your home out right, it’s still a smart idea to have home insurance to avoid losing this expensive asset in the event something happens.

2. Protection

Some of the most common occurrences that home insurance covers includes any damage caused by certain weather, such as windstorms, hail, and lightning strikes. However, earthquakes and floods have their own separate policies. Theft and fire are two other events typically covered by home insurance. Other events can include cases of liability, such as a neighbor falling down the stairs and getting injured. When events like this happen, you’ll be glad you have home insurance.

3. Peace of Mind

Sleep each night knowing that your asset is protected with home insurance. If anything unforeseen were to happen, you will know that the insurance company will help. Simply submit a claim and the insurance company will work with you to make things right again.

To learn more about acquiring home insurance for your home in Mesa, AZ, contact Lifetime Investments. Our highly trained agents will answer all your questions and help you find the best policy for your needs. Call us today to protect this most precious asset. 

 

 

 

Tips for Understanding Home Insurance

Every homeowner needs to have insurance. Not only is this a common requirement of mortgage lenders to protect their loaned funds, it is also important to have more than the basic home insurance required by lenders in order to protect the homeowner. For those purchasing a home for the first time, this guide will help them understand the different things to consider when getting home insurance. For those that already own a home, this guide will help identify the things that might have been overlooked and may need to have adjustments in order to have adequate home insurance coverage.

Basic vs. Extended Coverage

Basic home insurance coverage may be required by a lender. This type of coverage only covers certain kinds of events. Most homeowners benefit from having additional coverage for other things more than just the basics. Discuss the specifics of home insurance coverage with your agent at Lifetime Investments serving Mesa AZ and the surrounding areas to make sure your coverage is adequate for your needs.

Understanding Coverage Types

There is an important decision to be made between insuring a home for actual cash value and for replacement cost. Insurance for replacement cost is preferred because the insurance provides the amount needed at the current costs to rebuild a damaged home with materials of a similar quality. Insurance for cash value covers the amount needed to repair a home after deducting for depreciation. This amount can be far lower than the actual costs of rebuilding a damaged home.

Deductible

The deductible is the out-of-pocket expense before the insurance pays a claim. Higher deductibles usually reduce insurance premiums; however, the homeowner is taking the risk of having to pay the deductible amount if any repairs are needed.

Discuss your home insurance needs with your agent at Lifetime Investments in Mesa, AZ and have an annual insurance review to make sure you always have adequate coverage.