How to make your home safer and possibly reduce your bottom line

You probably take the safety of your home very seriously. But did you know that it might be possible to save money if you make your home safer?

By following safe building practices and adding safety features to your home, it may be possible to save money immediately through lower rates on property insurance coverage. Making your home safer might also help if you decide to sell your house, as it could add value to your home.

The following tips may help improve your home and help reduce your expenditures:

* Follow local building codes if you add on to your house. Call city hall before you make any improvements to make sure you are meeting standards. Not following building codes can both compromise safety and cause additional construction costs (or loss of value upon a sale) if your home doesn't pass an inspection.

* Install a home security system. This step to prevent home burglary may also allow you to receive a reduction on a property insurance policy. Installing dead-bolt locks can also prevent burglary and possibly qualify you for an insurance discount.

* Fire prevention is key. Smoke detectors are a must for any home and in some cases, may allow you to receive a minimal insurance price cut. Some sophisticated sprinkler systems that automatically notify the fire station may qualify you for a larger reduction.

* Protect against disasters. Depending on what area of the country you live in, it might make sense to make home improvements that can help protect your house in the case of common disasters. Using stronger building materials or avoiding moving to a home in a disaster-prone area can help you save on property insurance, according to the U.S. Department of Housing and Urban Development.

* If you make major improvements to your home, like installing a new plumbing or electrical system, it's wise to let your insurance company know because you may qualify for discounts.

If you're thinking about making any improvements to your home, it's a good idea to check with an insurance agent beforehand to see if they qualify for lower rates. It's possible that making your home safer will help you to reduce your expenditures.