This post is sponsored by Liberty Mutual. While this was a sponsored opportunity, all content and opinions expressed here are my own.
In my adult life, there has only been one house I’ve lived in that didn’t start out as a fixer upper. That one house was actually a brand-new construction.
We were in that house for slightly less than a year when we decided it was not for us and put a For Sale sign in the yard.
Before that house, Grunt and I had lived in his cute little two-bedroom, one-bathroom house built in the 1950’s.
And before that, I had lived in my great-grandfather’s house that was built in 1916.
After the new construction, we bought the Beloved Foreclosure and stayed there for five years before moving into the 70’s Landing Pad. And of course, now we also have my grandparent’s farmhouse, built in the 1950’s that’s still a work in progress.
Apparently, we are quite the suckers for diamonds in the rough.
Those diamonds in the rough though do make my heart soar with their feeling of homey-ness that only time and love can create.
That’s my dad and uncle in the kitchen at the farmhouse in the 60’s!
That being said, they also come with a few risks.
Is the foundation ok? How much longer does the HVAC unit have in it? What about the plumbing? The roof – will it last another five years?
Those are the things that can keep you up at night when you’re dealing with a diamond in the rough. Those things will cause some people to slowly back away.
On the other hand, Grunt and I tend to still dive
head hammer first into the lump of coal.
When we dove head first into the 70’s Landing Pad, there were quite a few things we knew would need addressing within five or so years of purchasing the house. Those things that aren’t always pretty, but that are much needed and often costly – like the HVAC units, insulation, new windows and a new roof.
The roof was pretty dated both in terms of looking good and durability when we bought the house.
We came up with a plan. We would baby the HVAC units, prolonging their lives as much as possible, get new windows and insulation because heating and cooling the house was costing us a small fortune, and then we’d save up for a new roof.
We got the first three things taken care of.
And then a storm came through.
Our roof needed replacing much sooner than we had anticipated. And we didn’t have the money saved up for it yet.
After having a roofer look at it, he thought there was enough storm damage that insurance would cover it and then asked if we had insurance.
Oh yes. We had house insurance. As Sandra Bullock’s character, Leigh Anne Tuohy, said in The Blindside, “The first check you write is for the mortgage, but the second is for the insurance.”
We’ve always abided by that policy and I was never more glad that we had home insurance than when the adjuster came out and said, they would most definitely cover a new roof.
Not only did our homeowner’s insurance save the day when forces beyond our control damaged the roof, but knowing our home insurance is there gives me a little more peace of mind. No, it won’t cover our HVAC unit when it finally bites the dust, but it will be there if another storm comes through or something worse happens that we have no power over.
If you don’t have homeowner’s insurance or aren’t comfortable with your current coverage, then I suggest checking into Liberty Mutual. They allow you to customize your coverage to meet your individual needs and often times, they can save you money while doing it – on average, around a $500 savings and even more if you choose to bundle multiple policies.
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And now to save up for those new HVAC units. Fingers crossed they’ve got a few more years left in them.
All those risks though that come with diamonds in the rough – they are so worth it.
No house is a home until it’s got a few good decades on it. In my opinion, anyway. 😉