Showing posts with label insurance claim. Show all posts
Showing posts with label insurance claim. Show all posts

Thursday, October 18, 2018

Three Big Questions of Any Kitchen Remodel






















For the third time this week, you’ve found yourself cursing the unusability of your kitchen. The drawers come out in all the wrong directions, the cabinets are so shallow that you can barely use them and the entire layout just puts you off. You’re ready to talk about a kitchen remodel.
Or maybe you just want a shiny new kitchen — there’s nothing wrong with that. Shiny new kitchens are amazing and give you the opportunity to create the space you need, rather than forcing your existing kitchen to kinda sorta work.

The Three Big Questions of Any Kitchen Remodel

You went to the home improvement store and found some samples of tile, backsplash and counter that you really love, but that’s about as far as your planning has gone so far. That’s ok, there’s a lot to think about when you’re considering ripping out one of the most important (and complicated) rooms in your home.
Now is a great time to stop where you are and ask yourself a few very important questions.
#1. What Will It Cost, Really?
Estimating the cost of a kitchen remodel is a bit like trying to nail a runny egg to a tree: messy and tragically frustrating. This is because there are lots of parts that have to be considered. Due to the various pieces involved and their corresponding quality levels, a custom quote from a contractor is the best way to know for sure how deep you’re getting into the savings account.
However, if you’re just starting to think about a kitchen remodel, it may help to know that the national average cost for your project is $22,768. The typical price range is $12,554 to $34,104. The low end is listed at $4,000. Please note that these numbers are based on user contributions, so your mileage may vary.
The largest cost by a bit is the cabinetry. Cabinets and hardware usually make up about 30 percent of the budget. This is a great place to save some cash, especially if your cabinets are in good shape and can simply be repurposed. Adding new hardware or doors often changes the whole equation. If those cabinets absolutely gotta go, then you can use this as a good starting point for estimating your dream kitchen cost.
#2. Will I Get My Money Back If I Sell?
The short answer is no. The rare few remodeling projects will return your entire investment. You should instead consider the value you’ll get from the use of that new kitchen along with any potential resell returns down the road.
That being said, Remodeling determined that among many common remodeling jobs, a midrange minor kitchen remodel was the fifth best returning update for 2018. The magazine estimates the cost of this type of remodel at about $22,000 and the associated increase in resale value of the home at $17,193. In this generic nationwide situation, the homeowner could expect to recoup 81.1 percent of their investment.
This same type of remodel was worth a little more in 2018 than the year prior. In 2017, an updated kitchen only recouped 80.2 percent of the money put into the effort.
#3. Can I Survive It?
This is perhaps the question you should ask yourself first, even though it’s the last one on the list. Any time you remodel a heavily used area of your home, it’s going to be a nightmare. Not only will there be lots of mess, dust and debris, you’re not going to be able to use the kitchen at all. All the stuff you have stored in there has to go somewhere else and you’ll have to figure out what you want to do about meals.
Hold on, I have a few tips that might help make this time lots more bearable:
Get it on paper. Make sure that you have a written agreement with your contractor and your spouse about what goes into the new kitchen. Spell it out in painful detail, both for clarity and so that when you or your spouse starts to think the cabinetry is the wrong color, you can refer back to the agreement. Adding photos will help ensure that your kitchen is exactly what you wanted and your lack of proper nutrition doesn’t trick you into thinking you ordered the stainless steel appliances when you actually got the black ones.
Move your kitchen into your garage or spare bedroom. Ahead of the project start date, box everything in the kitchen as if you were moving, making sure to label everything completely so you can get the most important things out as soon as the remodel is over. This way nothing gets damaged or lost in the confusion.
Set up a temporary kitchen elsewhere. It’s not going to be a five star restaurant, but a folding table with a coffee maker, microwave and a mini fridge can make things a lot easier while your kitchen is out of service. You can only stand (or afford!) so many restaurant meals.
Along with juggling all the stresses of having workers in your house making a ton of noise and mess (that you’re paying them for!), you may start to have real relationship problems. Living through a remodel is not for the faint of heart. If your spouse doesn’t really have a great picture of what this remodel will do to your home during the construction phase, now is the time to talk about it.
There are few things that will destroy a marriage like a remodel. The stress is high and there’s a lot of money on the line — not to mention the major disruption remodels can be to your routine and life in general. It’s really important that your spouse is all in on this project with every step, from looking at lighting to choosing the perfect counters, even if they’re not really a kitchen person.

Ready, Set, REMODEL!!

You’ve got the green light from your better half (or you don’t have one and instead gave a self high-five to show your approval of the project), so it’s time to find a general contractor or specialists like cabinet makers, electricians and plumbers.. Unfortunately, you don’t know any home pros and neither do your friends.
Don’t stress, your HomeKeepr community is ready to recommend the best of the best in your area. Other professionals are putting their own reputations on the line by endorsing these awesome members of the HomeKeepr family, so you know they’ll get the job done as quickly and cleanly as possible.





Friday, September 28, 2018

Do you need a public adjuster for your insurance claim?


After a major storm or a freak accident that ends in massive amounts of property damage, you’re probably going to feel two things essentially at once: you’re going to be overwhelmed with the amount of damage that was caused and you’re going to wonder how you’re going to get the mess cleaned up.
A call to your insurance company will summon an insurance adjuster to help estimate the extent of the damage, but you have no say at all in who assesses the extent of the damage to your property or how much your policy should pay to help you rebuild.

Hire Your Own Adjuster — Problem Solved

If you’ve filed a claim before for a car accident, you’ve met an insurance adjuster employed by the insurance company that you’re filing on. This isn’t the guy you need when things get really hairy. Although he’s not out to get you, he’s working for the insurance company and trying to minimize their pay-out. That’s his job.
However, you can hire your own guy, known as a public adjuster, to help you navigate the complicated situation that comes around when a bicycle is flung through your garage door and then breaks out the back window of your car during a bad storm. Public adjusters receive the same training as those working for the insurance company, but instead of walking between two parties, the public adjuster you choose is working on your behalf exclusively.

Who Pays the Public Adjuster?

Many homeowners are hesitant to call a public adjuster because they think the fees will be significant. Of course the public adjuster needs to get paid, but many will take a percentage of your settlement rather than demand fee after fee. Anywhere from 10 to 20 percent of the final settlement is typical for the market.
It can be a lot of money, there’s no joke about it, but the difference between the insurance adjuster’s figures and your public adjuster’s figures can more than cover their costs. According to Bankrate’s research, a study of one Florida insurance company showed that the homeowners who used a public adjuster’s typical settlement was $22,266 where those who let the insurance company take the wheel only got $18,659.
To put those numbers into perspective, let’s assume the public adjuster had a 15 percent fee. On $22,266, the fee would be $3,339.90. Even once that fee is taken out, you’re ahead of the insurance adjuster’s payment of $18,659 by $267.10. If the public adjuster only has a 10 percent fee, that number gets even bigger — a whopping $1,380.40 in money you might have left on the table.

Working With a Public Adjuster: Best Practices

Just like working with any professional, there are better and worse ways to go about it. Unlike most other professions, most people know nothing about public adjusters, leaving them ill-prepared for how one works. Let’s talk about the claim cycle and how your contributions can speed up the insurance claim process.
* The Loss. Your house has the roof taken to Oz, a big tree in your yard crushes your car, a dirigible crashes into your picture windows — whatever happens, this has to happen first. If you call a public adjuster before you have a loss, it’s going to look mighty suspicious..
* First Contact. Who you contact at this stage is vital. You definitely need to let your insurance company know there’s an issue, but this is also the best time to get a public adjuster into the mix. If they begin at the beginning of your claim, they don’t have to hold up the show trying to get up to speed.
* Checking Your Docs. Find all your insurance papers and have them ready for your public adjuster. Your insurance documents double as a contract between you and the insurance company, it’s a really good idea to know what they say before you go into battle. Your public adjuster will be doing more in-depth research while you’re finding your papers.
* Documenting Your Claim. For personal property, this is generally most easily done with a video camera, but you’ll also need estimates for rebuilding your home. This is one of the many things a public adjuster can do for you if you don’t have the time or energy to line up the necessary talent.
* Submitting Your Bundle. Once everything’s put together, all your damages documented and the cost to get your life back together put down in writing, your public adjuster will give the packet to the insurance company for their consideration.
* Negotiating a Settlement. Finally, your public adjuster will stand in your corner and defend your claim with all they have. If there’s room for negotiation and you’ve given them permission to do so, the public adjuster may counter a lower offer from the insurance company on your behalf.
Since public adjusters get paid a percentage based on the amount your insurance company settles for, it’s in their best interest to get as much money as they can. They’re on your side, but they’re kind of on their own side, too.

Looking for a Public Adjuster, Insurance Agent, Contractor, Roofer or Other Home Pro?

In the moments after a massive hit to your property, you won’t be able to see beyond what’s in front of you, but when your head clears, you’ll need to figure out who you need to help you build your insurance claim. Luckily, your HomeKeepr family can set you up with all the home pros you need. Adjusters, contractors and so many more have already been recommended for you, just pop in and say hello to the people your Realtor trusts most.
Connect with my favorite local pros  Sign Up
Already using HomeKeepr?                     Sign In