Apr 4, 2014 | Uncategorized
Moving into your home is an exciting time, and you shouldn’t allow higher than expected electricity bills to dampen your spirits. Every day, households around the world waste large amounts of energy.
If your home uses more energy than it needs to, you are the one that is paying the price. Luckily, there are many ways to make sure your home is running as efficiently as possible. Save yourself from ‘utility shock’ by taking these seven steps.
Make Energy Efficiency Your Electric Company’s Business
When you first move into your home, have your appliances inspected by an authorized technician. You could call your appliance’s manufacturer or the electric company to find someone to inspect your appliances.
If you do find yourself on the phone with the electric company, ask them if they have peak and off-peak hours. Often, there are times throughout the day where usage is at a premium, and the cost is higher than it would be at other times.
You should also ask if they have any tips or resources pertaining to your home’s electrical usage. Electrical companies will often send you literature or an energy saving kit that can help make your home run more energy efficiently.
Get Fresh Furnace Filters And Examine Your Central Air System
When you move into a new home, it’s difficult to know what kind of upkeep the previous owners performed on the furnace. Upon moving into your new home, you should have the filter on your furnace changed and your ducts examined and cleaned.
Do the same for any central cooling systems in the home. This way you’ll feel confident that they are operating properly and producing the best air quality possible.
Wrap And Warm Your Hot Water Tank
The hot water tank is another area where you can save a significant amount of money. Set your hot water tank to a warm setting, instead of a hot one (this makes little difference in the water temperature at your tap, but it will save you money).
You could also purchase an insulating cover for the tank, and wrap the hot water pipes in the home. Insulation for your hot water tank and pipes is a cost-effective solution, and you can find plastic or foam pipe insulators at your local hardware store.
Evaluate The Situation From Windows To Insulation
Check the windows and doors of the home to make sure they are properly insulated. Fresh weather stripping and caulking will keep drafts out in the winter, and cool air in during the summer.
Another way to regulate your home’s temperature is to replace the insulation in your attic. You could also install an attic fan to improve airflow.
A Bright Energy Saving Idea
Replace incandescent light bulbs with fluorescent bulbs. The cost is only slightly higher, and fluorescent bulbs last over five times as long as incandescent bulbs. Fluorescent bulbs give off a softer light, but are bright enough to light your home and will save a significant amount of electricity.
Get Your Windows Working With The Weather
Replace thin curtains with heavier weight window coverings. You can use the sunlight when you need it, and block it out when you don’t. Heavy drapes are also great at keeping warm and cool air in your home. Having high quality window treatments may mean you use your thermostat and light switches less.
Properly Power Down Your Electronics
A surprising amount of the energy our electronics use is wasted while devices are powered down. Electronics that are off but are still plugged directly into an outlet do indeed burn energy. When you set up the electronics in your home, use power strips where you can. Flicking the bar off when electronics are not needed will lead to savings on your electric bill.
Once you have taken these steps, you can feel good knowing you are saving money and being environmentally responsible. Energy efficient handy work and home improvements also qualify for significant tax credits.
Make sure you keep your receipts and invoices, as they could mean cash back in your pocket come tax season. If you decide to take your savings and move up and out, contact a local real estate professional for assistance in finding the perfect place to call home.
Apr 3, 2014 | Uncategorized
If you are going to be staging your home for sale in the near future, you will most likely want to do it as professionally and successfully as possible to get the best sale price.
Many owners have to put a lot of money into their home before they can sell it, and some even invest in a staging expert to come to their home and do an assessment before they put it on the market.
You don’t have to spend too much on getting your home ready, though, and you can do a lot of it yourself. Consider these basic staging tips when you are going to stage your home.
Clean Your Home From Top To Bottom
While you would most likely clean your home before you attempt to sell it, if you really want your sale to be successful, clean every single thing in the home. This includes steam cleaning the carpets, washing and waxing the floors, getting the grout and grunge out of the tiles and more.
If you don’t have the time or energy to do it yourself, you might want to pay for a professional home cleaning service so you can guarantee cleanliness.
Give Your Home One Basic Hue
If you are going to be selling your home, there are some colors that may put off potential buyers. If you have rooms in colors like fire engine red or bright mint green, the buyer may be put off with just one glance.
Choose one soft color and paint the whole home. You may require a professional painter’s advice and help in this area if you have no eye for design or if you do not possess any color coordination techniques.
Say No To Clutter
This is a very important step. Get rid of the clutter in your home.
If you have loads of newspapers, magazines, mini statues and miscellaneous junk sitting around your home and on coffee tables, clear it off. Put it away in storage boxes so you can take it when you move – or do some spring cleaning and get rid of everything you don’t need.
Show as much counter space as you possibly can, as this will better represent the space.
Potential buyers can quickly change their yes to a no when they enter the home that they first adored from the outside, only to see clutter everywhere. Logically, everyone knows a home will be emptied before selling, but the clutter can ruin the whole feeling of purchasing a new home.
Perform Some Minor Repairs
If you notice scratches, rips, blotches or any broken items in the home, try to fix them yourself or hire a professional handyman service. Repairing your home before a sale will definitely improve your home’s appearance and value, making it more appealing to the buyer.
Selling a home is often a challenge, but with a little bit of hard work, you can turn your home into a move-in ready paradise for potential buyers.
You’d be surprised what a thorough cleaning and a new coat of paint can do for a space. For expert assistance with home staging, contact a knowledgeable real estate professional near you.
Apr 2, 2014 | Uncategorized
When purchasing a piece of real estate, it is important to ensure that the features of the home meet your criteria and best serve your goals.
An ideal investment property has many important features that will differ from the vital features of an owner-occupied piece of property, and therefore it’s important when choosing an investment property to know what you should be looking for.
Here’s what you need to know if you’re investing in a rental property for the very first time.
Consider The Furnishings To Capitalize On Your Condo
When looking to purchase a condominium, it’s important to first ensure that the building allows for rentals, and that rental terms are flexible.
Second, one should do research about the building and the community’s rental market to ensure that the rent will cover the mortgage, or at least the majority of it.
Generally, two plus bedroom condominiums are easier to rent out than one-bedroom units, and will render a higher rental profit – though one-bedroom suites in high-traffic areas and close to universities can be highly profitable.
Furnishing your condominium and marketing it as fully furnished can render a much higher rental income for renters who are willing to pay a premium, though this may mean shorter rental terms and perhaps a little more work on the part of the owner.
Centrally located condominiums with nearby amenities and access to public transit tend to net higher rental rates, as well as condominiums that offer parking.
Detached House: Maximize Rental Income Under One Roof
When looking to purchase a detached home for your investment, you can significantly increase the rental income by choosing a property that offers multiple dwellings to rent out.
You can achieve this by purchasing a home with a sufficient basement suite that will allow two rental incomes under one roof. Other options include purchasing a duplex or triplex property, and some single-family dwellings have lane homes or coach houses that can be rented out separately.
Long-Term Gain: Location, Location, Location
Location, though perhaps not everything, is certainly a major factor when looking for a long-term financial gain from your real estate investment. Purchasing in areas that have a history of rising property values is a good way to maximize your returns, and up-and-coming neighborhoods with planned future developments can be a promising sign of a growing, profitable location.
Already-established areas with high property values, though they may not offer an initial “steal” on the property itself, tend to continue growing and may offer a safer bet for future gain. Spend time in the neighborhood you are considering for a future investment, and place heavy consideration on the possible growth of the area before you purchase your investment property.
Choosing the type of property as well as the area it’s located in are important factors in making a wise real estate investment, both for the short term and the long term. The final component to consider is timing, which can significantly affect the overall profitability of your investment purchase.
The best thing you can do to help your decision of when to buy is to speak to your real estate advisor. Ask your real estate agent for a market report today, and get shopping for your ideal investment property!
Apr 1, 2014 | Uncategorized
While most homeowners are vigilant about regularly wiping down surfaces, disinfecting bathrooms, dusting furniture and mopping floors, there are many nooks and crannies that don’t receive as much attention.
That’s why March is the perfect month to do an annual overhaul on your home. Below is a spring cleaning checklist to help you knock it out.
Living Room
- Wash curtains and throw pillows.
- Take rugs outside and beat them.
- Vacuum and spot clean sofas.
- Dust lampshades.
- Wipe down the television and all other electronics.
Kitchen
- Organize and clean cabinets.
- Sort pantry and discard items past their due date
- Go through your refrigerator. Take everything out, wipe down shelves and throw out anything that has expired.
- Clean refrigerator coils. Cut off power to the refrigerator and remove the grill plate. Vacuum the coils with the extendable attachment.
Bedrooms
- Dust and wipe down furniture. Oil wooden pieces, especially antiques.
- Freshen the bed. Wash the duvet or comforter, the mattress pad and the pillows to remove mold and bacteria.
- Rotate the mattress and sprinkle baking soda on it. Vacuum the baking soda up after 10 minutes. Move the bed and sweep underneath.
- Clean out your dresser. Take out all of the clothing and sort through it. Wipe down the drawers and replace your clothes. Donate anything you haven’t worn in the past year.
- Tend to the closet. Remove everything and clean the floor and shelves. Replace clothing and set aside clothes for donation.
Bathrooms
- Launder all soft materials, such as bath mats, shower curtains and window coverings.
- Wipe down vents and fans.
- Remove all items from under the sink or linen cabinet and clean the shelves. Throw away old makeup or hair products. Donate ratty or too-thin towels to a local animal shelter.
- Use bleach on the tub and toilet to get them bright white.
Basement And Garage
- Defrost the deep freezer. Unplug it and remove all items. Once the ice has melted, wipe down the sides with baking soda and warm water.
- Organize stored items into two piles. Store stuff you’ll need in the next six months, such as clothes and decorations on one side. Put items that may be there for years on the other.
Mar 31, 2014 | Uncategorized
Last week’s economic news includes several reports about housing markets.
The S&P Case-Shiller 10 and 20 city housing market indices, the FHFA House Price Index, New Home Sales and Pending Home sales reports suggest that the national housing market continues to grow, but at lower rates.
Regional readings varied and suggested that winter weather was a negative influence on affected markets.
In a press conference held on March 19 Federal Reserve Chair Janet Yellen said that severe winter weather had interfered with the Fed’s ability to get a clear reading on economic developments.
The Case-Shiller 10 and 20-City Home Price Indices for January showed year-over-year growth of 13.50 and 13.20 percent respectively. The 20-City Home Price Index reported that 12 of 20 cities reported slower rates of home price appreciation.
The 10-City Index ticked upward, but was little changed. The 20-City index posted its third consecutive month-to-month decline in home prices with a reading of -0.10 percent.
Las Vegas, Nevada led cities posting gains with a month-to-month reading of +1.10 percent, but home values remain 45 percent below peak prices achieved in August 2006.
David M. Blitzer, chair of the Index Committee at S&P Dow Jones Indices, noted that home prices were up 23 percent over their lows in 2012.
FHFA Data Reflects Slower Growth in Home Prices
The FHFA House Price Index reports home price trends for sales of homes with mortgages owned or guaranteed by Fannie Mae or Freddie Mac. January’s data reported a year-over-year gain of 7.40 percent, which is approximately 8.0 percent below its peak in April 2007.
Month-to-month home prices varied within the nine U.S. Census regions and ranged from -0.30 percent to +1.30 percent.
FHFA reported that year-over-year, all nine regions reported gains in home prices that ranged from +3.20 percent in the Middle Atlantic region to 14.0 percent home price growth in the Pacific region.
New and Pending Home Sales Slow
According to the U.S. Department of Commerce, February sales of new homes matched projections at 440,000 as compared to January’s revised reading of 455,000 new homes sold, which was a year-over-year high.
New home sales improved by 37 percent in the Midwest, but fell in the Northeast, South and West. This suggests that while winter weather played a role, but that housing markets are cooling in general.
Rising mortgage rates and concerns over new lending standards likely contributed to the drop in sales.
Pending home sales slumped in February according to the National Association of REALTORS®.
February’s index reading of 93.9 as compared to January’ index reading of 94.7 represented the eighth consecutive monthly drop for pending home sales and was the lowest reading since October 2011.
Pending home sales indicate future completed sales. Lawrence Yun, the NAR’s chief economist, noted that home sales delayed by winter weather may be completed this spring.
Mortgage Rates Rise, Jobless Claims Lower Than Predicted
Freddie Mac reported that average mortgage rates rose across the board last week with the rate for a 30-year fixed rate mortgage rising eight basis points to 4.40 percent. 15-year fixed mortgage rates rose 10 basis points to 3.42 percent.
Average rates for a 5/1 adjustable rate mortgage rose from 3.02 percent to 3.08 percent.
Discount points for fixed rate mortgages were unchanged at 0.60 percent and ticked upward from 0.40 to 0.50 percent for 5/1 adjustable rate mortgages.
What’s Coming Up This Week
This week’s scheduled economic news includes Construction Spending for March, ADP payrolls for March along with Freddie Mac’s PMMS weekly report on mortgage rates and the BLS Non-Farm Payrolls report.
Mar 28, 2014 | Uncategorized
If you live in a climate where your yard has been hibernating for months, then you’re probably ready for warmer weather and a hint of green outside your kitchen window.
So, in preparation for children running on lush grass through spritzing sprinklers, use the five tips below to get your lawn ready for spring. It will reward you with picnic perfect grass all summer long.
1. Clean Up Winter’s Clutter
Take a rake and remove all of the dead leaves and debris left over from the winter months. Leaving a layer of last-year’s foliage on the ground can smother your grass and hinder your lawn’s growth.
Once your yard is clear, spread a thin layer of compost to enrich your soil and provide nutrients for when you grass is ready to sprout.
2. Aerate Your Yard
Compacted soil makes it hard for roots to grow and water to drain and distribute throughout your yard. So rent an aerator. It uses steel tubes to take plugs from your lawn. These holes will allow air and water to penetrate your soil, which will create healthier and lusher grass.
3. Check Your Soil’s PH
Most grass and plants grow best when your soil’s pH level is between 6.0 and 7.0. Some plants like a little bit more acidic soil, such as hydrangeas and azaleas. Plants grown in soil with their proper pH level are healthier and more resistant to disease. You can buy soil test kits at local garden centers.
4. Prevent Weeds From Growing
Once you’ve aerated and only if you’re not planning to plant new grass seed, then distribute a chemical weed preventer, which can be found at any home improvement store. When watered, it creates a barrier on the soil to keep weeds from sprouting.
5. Have Your Lawn Mower Inspected
Your lawn mower has been sitting idle all winter, so give it a tune-up before those first blades of grass get too long. Take it into a local service shop to have the carburetor and fuel lines cleaned and the blades sharpened. This will make it run more efficiently and put out a little less pollution.
Even if you live in a warm climate and your flowers have been blooming all year, spring is the perfect time to do an annual assessment of your yard.
