Altogether, home insurance premiums increased 35% nationally from 2021 to 2023, with homeowners in Florida (68%), New Mexico (47%), Colorado (46%), Idaho (46%), and Texas (46%) facing the biggest average increases during that span. ...
Estate planning:Finally, knowing your home’s value can be important when it comes to estate and elder law care planning as well, notes Joseph A. Carbone, Jr., CFP Founder and Wealth Advisor of Focus Planning Group. Homeowners insurance:Don’t overlook the fact that knowing the value of yo...
Homeowners in some developments and townhome or condominium communities pay monthly Homeowner's Association (HOA) fees to collectively pay for amenities, maintenance and some insurance. Update to include your monthly HOA costs, if applicable. If there are no HOA costs, you can leave the field bla...
Buying a home means you also need to buy something else: homeowners insurance. And while you may have bigger expenses, how much you pay for insurance will affect your home ownership costs. The nationalaverage cost of home insuranceis $1,915 a year, according to NerdWallet’s most recent rat...