electric

Originally uploaded by ambientlight

In January, Ohio’s electric code moved forward three years. In March, the state called a do over and returned the codes - for now - to the 2005 National Electric Code.

What does this mean to you? Depending on who you talk with it could save you thousands of dollars.

What was the changes from 2005 to 2008?
1. Additional Arc Fault Circuit Interrupters (AFCI)
2. Additional Ground Fault Circuit Interrupters (GFCI)
3. Tamper Resistent Outlets

The changes basically add more saftey for our families at home. So why was it repealed? Basically, in builders’ argued that in today’s housing market it is not the time to add more costs to the purchase of a new-built home.

The discussion will be brought about again in October and a compromise will attempt to be reached.

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One Response to “Building a New Home? Your Electric Might Cost You”

  1. Hi Toby. I’m not in the insurance biz’ anymore, but I thought you might be interested to know this tidbit of info about homeowners insurance and building codes… There is a coverage available on homeowners policies called Ordinance or Law coverage. This protects homeowners from having to pay out of pocket to rebuild a home according to NEW building codes. So, say your home was built in 1980, and it burned down today. Building codes have changed in almost 30 years since your home was built, and it will undoubtedly be more expensive to rebuild to meet the new code. This Ordinance or Law coverage pays the difference.

    Like I said, I’m not selling insurance anymore, but I thought this might interest you as a realtor and a homeowner. :)

    Stephanie

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Toby Boyce (#2006004451) is a licensed real estate agent in the state of Ohio and works under the Keller Williams Consultants Realty brokerage. The information provided on this Web site should not be construed as offering legal, real estate, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. Investment, mortgage, real estate, or financial services or strategies mentioned throughout this Web site may not be suitable for you. All posts and/or comments on this site is the property of the author and should not be taken as an endorsement or advice for your particular situation. Please consult a local professional before making any decisions.