Facebook
Twitter
Pinterest
Copy Link
Housing Trends & Tips •
November 10, 2021
What Not To Do
You’re shopping for houses and you’ve got your mortgage pre-approval lined up. Great! Keep in mind that there are a few things you should NOT do:
– Don’t make a major purchase. This will change your credit score and can possibly disqualify you from a mortgage.
– Don’t change jobs unless it’s absolutely necessary. A consistent work history is crucial to lenders.
– Don’t ignore lender requirements. Be absolutely clear on what the lender requires from you throughout the process and be sure to follow up on these items.
– Don’t go at it alone. Give me a call today so I can help you navigate the process and help you find the home of your dreams.
Home Maintenance • Housing Trends & Tips •
September 27, 2021
Considering a Fixer-Upper? What You Need to Know
Fixer-uppers are tempting prospects. Such properties let you buy into a desirable neighbourhood at far below typical market value. That’s because you’re not buying a typical house.
With fixer-uppers, you must think carefully. Ask yourself: Will this house be worth the work I put in? To find your answer, follow these three steps.
1. Add up the costs: First, consider everything that needs to be done in the home. Always assume more work rather than less. Add up all costs for materials and labor. If you plan on doing some of the work yourself, factor in your own labor costs as well. Hiring a home inspector helps a lot during this step. Their expertise can ensure you’re not missing any costs hidden behind the walls or under the roof.
2. Calculate the final value: Regardless of whether you plan to sell the house or live in it, you need to estimate what the finished value will be. Search for comparable listings, or “comps,” that have sold in the area to get a rough idea of what to expect. I can help with this step and run a search on your behalf.
3. Find the difference: Finally, subtract the total estimated costs from the estimated final value. Subtract an extra 5-10% for unforeseen issues. The number you get should be the absolute upper limit of what you offer. Anything more, and a great deal can easily turn into a money pit.
If that final number looks good to you, then that fixer-upper may be just what you’ve been looking for. Time to secure a renovation loan!
Home Maintenance •
August 13, 2021
Preventative Home Maintenance in a Jiffy
Most of us know that regularly changing your car’s oil is the key to keeping it running for the long haul. The same theory applies to homes — a little preventative maintenance will save you down the line. Here are four quick and easy tasks that prevent costly repairs…
1. Declutter your gutters. Preventing build-up in your gutters is key to getting water away from the foundation of your home. Cleaning before winter also prevents ice build-up that can cause extensive damage.
2. Inspect hardscapes. Snow, rain and freezing temperatures can be tough on concrete, asphalt and other hardscapes. Look for cracks where water, weeds and insects can get through. Small cracks can often be sealed with a pre-mixed patch, but call a professional if you find more significant gaps or shifting of concrete.
3. Let the laundry room breathe. Vacuuming out dryer vents and air ducts helps maximize efficiency and prevents the build-up of flammable lint.
4. Clear your drains. Pouring a cup of baking soda, followed by 1/2 a cup of vinegar, down your drain and then flushing with hot water will prevent clogs.
