Owning a high value home comes with its own set of considerations and responsibilities. Here are some pieces of advice to help you manage and maximize the value of your high-value home:

  1. Home Security:
    • Invest in a comprehensive security system that includes surveillance cameras, alarms, and smart locks.
    • Consider hiring a security company for regular monitoring and response.
  2. Insurance Coverage:
    • Ensure that your home insurance coverage is sufficient to protect the high value of your property and belongings.
    • Review your policy regularly to make sure it is up-to-date with the current value of your home.
  3. Regular Maintenance:
    • Schedule regular maintenance checks for your home. This includes inspections of the HVAC system, roof, plumbing, and electrical systems.
    • Promptly address any issues to prevent them from escalating into major problems.
  4. Landscaping and Curb Appeal:
    • Invest in professional landscaping to enhance the curb appeal of your property.
    • Regularly maintain your garden, lawn, and outdoor spaces to keep them in pristine condition.
  5. Smart Home Technology:
    • Incorporate smart home technology for increased convenience, security, and energy efficiency.
    • Smart thermostats, lighting systems, and home automation can enhance the overall value and functionality of your home.
  6. Energy Efficiency:
    • Consider making energy-efficient upgrades to your home, such as high-efficiency appliances, windows, and insulation. This not only reduces your environmental impact but can also lead to long-term cost savings.
  7. Professional Appraisal:
    • Periodically have your home professionally appraised to ensure that you have an accurate understanding of its current market value.
  8. Emergency Preparedness:
    • Have a plan in place for emergencies, including natural disasters. Ensure that everyone in your household is familiar with emergency procedures.
  9. Home Renovations:
    • Plan any renovations carefully, and focus on improvements that will add value to your home. Consult with professionals to ensure that the work is done to a high standard.
  10. Networking with Neighbors:
    • Establish good relationships with your neighbors. A sense of community can contribute to the overall security and desirability of your neighborhood.
  11. Legal and Zoning Compliance:
    • Stay informed about local zoning regulations and ensure that any modifications or additions to your property comply with these regulations.
  12. Financial Planning:
    • Consider working with financial advisors to create a comprehensive financial plan that takes into account the value of your home.

Remember that the specific needs and challenges of high-value homes can vary, so it’s essential to tailor these general tips to the unique characteristics of your property and location.

Jeremy Hyde | Colligan & Company

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About the Author: Jeremy Hyde

Christian, MK/PK, Brother, Husband of a magnificent wife, Father of three sons and two daughters, Insurance dork, Sports and Racing fan, Competitor, Coach, Early riser, Grill-man, Yearner of sand dunes and Lake Michigan, Owner of a Yorkie named Gerald, Wannabe basketball player, Reluctant handyman, Car enthusiast, Admirer of passion and excellence and design...

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One Comment

  1. Inges Pearson March 23, 2024 at 5:52 pm - Reply

    Lovely written post

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