by David Glenn | Apr 11, 2016 | CRESTICO
There are more than enough things that homeowners assume they know, yet aren’t fully aware of. Letting things slip under the carpet or become easily forgotten can create more work than you realize. Knowing just what you need to be aware of to keep your home functioning well and always being on top of repairs is one of the biggest jobs of a homeowner. Here are seven things every homeowner should know.
Regular Filter Replacement
Replacing filters, especially for your furnace, on a regular basis is very important if you want to keep your appliances in the best condition. Ideally, they should be changed four times a year. If this feels like excessive, at least do it twice a year. To make it easy, buy several filters at once and label them with the month that you plan on changing them in.
Drain Cleaners
More often than not, the drain cleaner you are using is more corrosive and harmful to your pipes than not. If you have a sink or bathtub that isn’t draining well, try snaking it first before you dump drain cleaner down there. Often, what is blocking your pipes is hair that cleaners won’t take care of very easily. If you do need to use a drain cleaner, invest in a non-corrosive one such as Bio-Clean (plumbers prefer this kind!)
Smoke Alarms
A quarter to about one third of smoke alarms don’t work because of missing or dead batteries. But what most homeowners don’t know is that having just one working smoke alarm can reduce the chances of you dying in a home fire by nearly 50 percent! If you can’t get to all of the smoke alarms regularly to check their batteries, focus on at least one for each floor. If you do have the time, be sure to regularly check your alarms and batteries (at least twice a year). Try working it into your cleaning routine, such as when you’re dusting.
Understand Insurance
Most homeowners are under the mistaken impression that their home is completely insured from catastrophe. This couldn’t be further from the truth. Most home insurance policies have stipulations and events that they do not cover. This includes things as major as housing floods and earthquakes. Additionally there is insurance for your appliances called home warranty insurance.
Ducts
According to some studies, the biggest problem with heating and cooling consumption comes from leaking ducts. You would be surprised to see that most of your energy consumption isn’t actually coming from you. Sometimes, not even heating technicians will check for leaks. If you check and feel like your energy consumption is still terribly high, invest in a good power quality meter. These devices can help gauge your family’s energy consumption and show you where you may need to cut back on energy use.
Colors
Choose colors for you house that will work now and later. Though this may seem trivial, it can save you money in the long run. If you enjoy painting your walls, pick something that can work well with different patterns and furniture. Generally, neutrals are best, such as grey or beiges. If you find in 10 years that you want a new red couch but your walls are blue or purple it may not work. Plus, if your walls are what you might call “boring” you can spice up your décor with stunning throw pillows, pottery, towels (in the bathroom and kitchen), and even beautiful rugs. By picking colors that can work always, you will find that you will save money from not having to repaint often and will also save you a headache from picking something that could work with already existing colors.
Your Breaker Panel
Most electrical panels already have labels or lists that indicate which breaker controls which circuit. However, these labels aren’t always completely reliable, especially in older homes with recent remodeling. In these situations, you might find that an outlet in one room is on a completely different circuit as all the other outlets in the same room but that one random outlet isn’t labeled on the circuit box. If you have an orphan outlet, or suspect you do, use a voltage detector to make sure the power is off before proceeding to do any electrical work.
Handy Work
If something can be fixed, you should fix it. Don’t think that some things should be ignored because they don’t seem important (just like those bad drains or smoke alarms). Other things you should fix when you can (or at least take care of) are black mold spots, any leaks, broken doorbells, sticking locks, torn screens, and so much more.
At the same time, if there is something that needs fixing especially big things like plumbing or heating issues, if you’ve done your research but still feel uneasy don’t shy away from hiring a professional. Oftentimes we think we can fix things that we really can’t and shouldn’t. Professionals are there for a reason.
by CRESTICO | May 21, 2012 | CRESTICO
73% of homeowners are paying too much for their home insurance! Let me tell you about three easy things you can do today to cut down your cost:
#1 – Give them more business and reap the rewards! – By combining your auto and home (or boat, motorcycle, RV, business, life, etc) policies with the same insurance company they will reward you with a multi-policy discount. If your insurance company doesn’t offer you this discount then chances are I can beat your current policies.
#2 – Cut the middleman out – Brokers make their money by charging a brokerage fee and they add that fee to your costs. By switching to a private insurance agent, you can cut out the brokerage fee and save yourself some additional money.
#3 – Discounts, Discounts, Discounts!!! – By installing a burglar fire alarm in your home you can save up to 20% off your policy. You can also get discounts for dead-bolt locks, indoor fire sprinklers, and even smoke detectors (which you should have anyways). If you currently aren’t offered these discounts, check with me to see what I can do for you.
by CRESTICO | Feb 6, 2012 | CRESTICO
Today’s buyers are looking for turnkey homes. That is, they want to move right in without having to do a lot of work. Buyers with busy lifestyles pay a premium for listings that are in prime condition. Staging can make the difference between a listing selling or not, the time it takes to sell, and the ultimate sale price.
Sellers who are financially strapped often have a hard time accepting that they’ll need to invest in preparing a house for sale even though they may sell for less than they paid. Fix-up costs can mount up; your agent can help you prioritize so that you don’t waste money. It’s important to keep your goal in mind, which is to sell your house in a difficult market.
Recently, a home in an affluent city came on the market in “as is” condition. It had been lived in for decades without much upgrading. Although located in a desirable area, the listing was vacant, dark and showed poorly. The sellers refused to do any work to improve its appeal.
After months on the market with no significant interest, the sellers pulled the house off the market and made improvements. The wall-to-wall carpet was pulled up to reveal hardwood floors that were then refinished. Painters lightened the interior and a professional stager was hired to bring in furniture, artwork, house plants and accessories. The listing was put back on the market with a fresh look and sold right away.
HOUSE HUNTING TIP: Although listings staged by a good decorator show well and often sell quickly, you don’t need to spend a lot to put your home into shape for marketing. Most homeowners have too many personal possessions in their home from a sale standpoint. Decluttering is something most sellers need to do.
Consider hiring someone to help you sort, pack, donate and recycle items that you no longer want. You may be able to take a tax deduction for things you donate. Make sure to get a receipt. Your Real Estate agent should be able to recommend someone who can help you clear your house of clutter if you are overwhelmed by the project.
Your agent, or stager, may ask you to put away collections of art, personal photos, etc. This can be difficult for most sellers because, for them, it’s part of the emotional appeal of their home. Your house won’t look like your home after you’ve removed personal possessions and moved what’s left around to display the house to its best advantage.
That’s the point of the preparation process. You don’t want prospective buyers focusing in on your personal property; you want them to focus on the house. Keep in mind that how you live in your home and how it should look when it goes on the market are not the same.
Some sellers complain that their house looks too stark without all their possessions. Even so, it helps you to detach yourself emotionally from the property. Also, less personal property usually gives homes a more spacious feel. When buyers are looking for the most for their money, bigger is usually better.
To close the deal, a listing should be spotless and inviting. Bring in new house plants to put in strategic locations, like orchids in the bathrooms. In dark spots that need a dash of warmth and color, use bromeliads.
THE CLOSING: If you can’t pull this together yourself, or with the help or your agent, hire a good stager for a consultation or a proposal for full or partial staging.
By Dian Hymer
How to sell my house fast
by CRESTICO | Aug 1, 2011 | CRESTICO
Buying a home can be very exciting! It’s part of the "dream" we all have for ourselves, the marriage, the family, the pet, the white picket fence – all of these things are dependent on having a home. Having means owning, not renting; to those of us wishing to make the most of our hard-earned money. But making the most of your money is not always easy – it takes a little bit of savvy and a lot of consideration.
Consideration means research, research and some more research. You need to know the facts. Not just about the home you are buying, but also the city, community, history and future projections, to help you determine whether this investment is right for you. While buying a home is not permanent – it is long term and you need to make sure the home you select matches your long-term lifestyle choices.
Budgeting – this is key! You do not want to get yourself into a home you cannot comfortably afford, or you will end up working and never being home to enjoy it; or unfortunately even potentially risking losing it or other valuable items in your life.
•Get familiar with home buying terminology. Know the difference between the types of loans, insurance, Interest Rates and programs available to you.
•Figure out your budget. Work with your loan consultant to determine what you can actually afford to pay on a monthly basis. Remember, a mortgage payment is not just principal and interest, there are taxes and insurance that will need to be paid. Also, the community you select a home in may have a homeowner’s association that charges a monthly fee. These are all in addition to the increased utilities, maintenance and potentially security costs that go along with owning a home. Remember, there no "super" to call when that toilet gets clogged!
•Get rid of your old bills! You’ll have lots of new bills to replace those! Try to pay off all your existing credit card bills. The less debt you have, the better loan you will qualify for.
• Read your paper work. HUD has a handy booklet on its site called "Buying Your Home: Settlement Costs and Helpful Information." It describes the home buying and settlement process and explains most of the expenses you will encounter. Although your lender will give you a copy, it’s a good idea to read it before you even consider applying for a loan.
• Ask questions. Make sure your loan and Real Estate consultants are the kind of people who take the time to explain every single step of the process and answer each of your questions. They are there to serve YOU! Buying a home is a serious decision and the people helping you should appreciate the opportunity to serve you. The service you receive should be attentive, respectful and consistent!
by CRESTICO | Jun 22, 2011 | CRESTICO
This year California housing market conditions makes a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home. As seen below, a rigorous analysis of renting versus buying hears this conclusion out. As shown in the following chart, the monthly housing costs (principle, interest, taxes, and insurance or PITI) associated with buying a median-priced home of $301,430 is $1,590 (Fourth Quarter 2010 median priced home in California). This assumes the buyer is making a 20 percent down-payment and financing with a 30-year fixed rate mortgage at 4.62 percent. In comparison, the median rent on a three-bedroom two-bath apartment with renter’s insurance in California is $1,810. That means buying a home would save the homeowner $220 per month when compared to renting and the homeowner would save over $2,600 a year. Reported by the National Association of Realtors
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