Insuring Investment Properties
If you have home improvement skills, interior design experience, own a set of tools, or are just a visionary, you may find yourself in one of the biggest markets to make money: the housing market.
If you are someone who falls in love with old run down homes because you see potential, then flipping houses could be for you. If you are someone who has completely transformed your own home with your own two hands, then flipping houses isn’t much different.
Flipping homes has become more and more popular thanks to T.V. shows that boast dramatic before and after shots of run down homes turned into dream homes.
Anyone who has gone through the process of flipping a home might warn you, however, it’s not as easy as it looks on T.V. When you buy old homes that haven’t been taken care of or updated in years, you never know what you might run into.
While the hidden surprises of house flipping are what make the T.V. shows exciting, in real life they can be your worst nightmare. Insuring your investment property is very important as you are bound to run into some roadblocks in the renovation process.
But it can be a little difficult.
At Link-Hellmuth Insurance, we have a niche market company that specializes in providing coverage for investment properties. We will help you find coverage on the property for the amount you purchased it for, plus an additional coverage amount for all of the equity you’re putting into the home with renovations and improvements.
As you add a new roof and siding, it will be covered. If you gut the kitchen and fill it with new floors, cabinets, countertops, and appliances, it will be covered.
Homeowners insurance near Springfield Ohio, isn’t just for the homes you live in, but is a valuable asset for investment properties. With the right coverage, you can protect the home you buy as well as the sweat and equity you put into it while making your before and after vision a reality.