How insurance can incentivize the installation, give a discount on homeowners if the sprinklers are present, assuming that that they do reduce damages. If the insurance industry does not find a reduction in losses then they are not a good idea.
While $3,200 is a lot of money I wonder how that relates to the average cost of a new 2000′ house? Based on a 15 year mortgage w/ a 6% interest rate requiring sprinklers would add $27 to the monthly payment or the equivalent of 9 trips a month to Starbucks.
I am not disagreeing that the sprinklers are a good idea; only saying the NH legislature won’t let that requirement stand. Not ever going to happen in the “Live Free or Die” state. The legislature is maddening sometimes.
Last number’s I saw were $1 per sq ft for new construction sprinklers – less than real carpet versus contractor grade. Numbers quoted likely came from the Home Builder’s Association who sell by commodity, not value, and whom only installed smoke detectors when required by code. Home fire sprinklers save lives. Toss THAT into Obamacare.
Re: Don Houck’s comments, he left out the fact that the sprinklers may save a few lives, reduce Homeowner Policy premiums, and increase the property values in the community where this new home will be built. But, a politician would never look at these issues now would they? After all, why would a politician consider saving a few lives today and reduce the need for more fire department responses to senseless losses that could have been prevented?
increase only $3200 is hard to believe. i frame houses for a living and framing codes have been getting more crazy every year. if they had any real experiance in construction things would be way different. its only gonna get worse with every other aspect of the building process if they get away with making into law any code they feel like writing. it increases cost for material. takes more time which increases cost. its obvious the ones pushing this bill would be fire sprinkler unions and maybe insurance companys trying to help cover there butts and push the cost to the average joe
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How insurance can incentivize the installation, give a discount on homeowners if the sprinklers are present, assuming that that they do reduce damages. If the insurance industry does not find a reduction in losses then they are not a good idea.
While $3,200 is a lot of money I wonder how that relates to the average cost of a new 2000′ house? Based on a 15 year mortgage w/ a 6% interest rate requiring sprinklers would add $27 to the monthly payment or the equivalent of 9 trips a month to Starbucks.
I am not disagreeing that the sprinklers are a good idea; only saying the NH legislature won’t let that requirement stand. Not ever going to happen in the “Live Free or Die” state. The legislature is maddening sometimes.
Last number’s I saw were $1 per sq ft for new construction sprinklers – less than real carpet versus contractor grade. Numbers quoted likely came from the Home Builder’s Association who sell by commodity, not value, and whom only installed smoke detectors when required by code. Home fire sprinklers save lives. Toss THAT into Obamacare.
Re: Don Houck’s comments, he left out the fact that the sprinklers may save a few lives, reduce Homeowner Policy premiums, and increase the property values in the community where this new home will be built. But, a politician would never look at these issues now would they? After all, why would a politician consider saving a few lives today and reduce the need for more fire department responses to senseless losses that could have been prevented?
increase only $3200 is hard to believe. i frame houses for a living and framing codes have been getting more crazy every year. if they had any real experiance in construction things would be way different. its only gonna get worse with every other aspect of the building process if they get away with making into law any code they feel like writing. it increases cost for material. takes more time which increases cost. its obvious the ones pushing this bill would be fire sprinkler unions and maybe insurance companys trying to help cover there butts and push the cost to the average joe