The Financial Post
reports that features such as oil-fuelled heating systems can add to the cost of premiums with insurers preferring more efficient and safer electric or forced-air systems instead.
Other things likely to make your home an insurance liability include aluminium wiring, lead pipes and shingle roofing.
While a swimming pool can be an attractive feature, it is also likely to add to insurance costs due to the additional cost of potential rebuilding.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Lower Brighton, Aylesford East, Hanna, Sable River, Charlton
It’s not only potential buyers who may be put off by some ageing features of homes; insurance companies aren’t too keen either.