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Gerald Lucas

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Do You Really Need Homeowners Insurance?, Utility Company Hack To Help Value Property, Housing Unit Size Drops

September 12, 2023 Gerald Lucas

Do You Really Need Homeowners Insurance?

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.

Real Estate Insight:

The unit size for new housing starts has declined 10% since 2018. New single-family homes are shrinking as cost-constrained buyers respond to soaring prices and builders try to reduce building costs.

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Tags Gerald Lucas, real estate tips, real estate strategies, rental property, inflation, mortgage payments, homeowners insurance, deductible, premium, claim, catastrophic loss, total loss
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