Myrtle Beach Real Estate Blog

Making an Outdoor Living Space? These Tips Can Help!

Creating An Outdoor Living Area in Your Back YardOutdoor living space is all the rage! Whether you're a homeowner just converting a small patio, or you're a home buyer working on the design for your new house, installing an outdoor living space can boost your home's value and improve your quality of life in the process. A good outdoor living space will include the comforts of home, a place to make food, privacy, and electricity. When you're working on your plans for your Litchfield by the Sea outdoor living space, these tips will help.

Make the Space Comfortable

Today's homeowners like to buy sophisticated furniture for their outdoor spaces. In fact, a lot of outdoor furniture is nearly as comfortable as indoor furniture! In addition to cushioned outdoor patio furniture, buy some extra blankets and throw pillows to keep on hand while you're lounging in comfort outside. To the side, install a water proof outdoor storage bin where you can keep your blankets and pillows safe when they're not in use. These comforts are especially useful when hosting outdoor parties in chilly weather.

Turn On The Heat

Every living space needs a heat source, and your outdoor living space is no different. If you're on a budget, a simple fire pit will do. If you have a bigger budget, an outdoor gas fireplace could be even better. Talk to a licensed contractor if you're thinking about making a major fireplace installation.

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Home Insurance Guide for New Home Buyers

Basic Information About Homeowner's Insurance For BuyersAfter making an offer on a home, home buyers applying for a mortgage must get a homeowners insurance policy. When that happens, it's helpful to know exactly what homeowners insurance is, about how much it costs, and whether or not it's a requirement of purchasing the home. For a new home buyer, this guide can help.

What Is Homeowners Insurance?

Homeowners insurance is a type of insurance that insures a dwelling and belongings in the event of a covered disaster. Homeowners insurance usually comes as a package that includes a variety of other protections, such as liability insurance to protect homeowners from legal action in the event that someone is injured on the property.

Is Homeowners Insurance A Requirement?

Homeowners insurance is usually a requirement if the homeowner gets a mortgage. Lenders require buyers to get insurance to protect the property. Insurance coverage must be in place when the home is bought or the financing will not go through.

The mortgage lender will continue to require proof of insurance throughout the life of the loan. In the event that the insurance coverage lapses, the lender will purchase a policy for the buyer and add the payment for the policy to the monthly bill. Typically, these insurance policies are much more expensive than the policies that homeowners...