This site is dedicated to important information and issues related to homeownership. I hope you find the information helpful. If you have a specific topic you wish to have covered, please email me and I will be happy to research it for you. You can reach me at sbotticelli@att.net.
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The price of insuring a property can raise the cost of ownership significantly.
There are various factors that affect the cost of insuring a home:
· Location. A home near a fire hydrant or protected by a professional fire department, as opposed to volunteers, will cost less to insure.
· History of claims. Previous claims push up the cost of insurance. Ask the seller to provide a home’s insurance claims history report. This information is available from the sources: The CLUE report is $19.50 and can be purchased at: http://tinyurl.com/26m57uo. The A-Plus report is $9 by mail and $13 by fax and available at: http://tinyurl.com/293slq7.
· Need flood or earthquake insurance? Policies for both of these perils are sold separately and can be pricey.
· How old are the systems? Electrical and plumbing systems that are less than 10 years old cost less to insure.
Source: Associated Press (04/23/2010)
- 10 Affordable Home UpdatesClick Here to View Article
- Bathroom Upgrades Pay Off -10/05/2009
More than 80 percent of new single-family homes have at least two bathrooms, which occupy an average of 300 square feet of floor space, or 12 percent of the total area, according to a study by the National Association of Home Builders.
The home builder’s study reports a major return on value for extra bathrooms: 'When the number of bathrooms is approximately equal to the number of bedrooms, an additional half-bath adds about 10 percent to the home's value, and one additional bath adds about 19 percent.'
A mid-range bathroom remodel, which costs $10,500 on average nationwide, repays a home buyer at least 100 percent of the outlay when the property is sold, the home buyer study concludes.
Source: Chicago Tribune, Mike McClintock (09/21/2009)
- 7 Tips for First-Time Home Buyers-9/14/09
A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis.
Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today:
Old-fashioned basics are more important than ever. The safest way to purchase a home is to put down 20 percent on a fixed-rate, 30-year (or less) mortgage.
Don’t become overconfident about income growth. Even though buyers in their 20s and 30s will likely see their incomes grow more quickly than previous generations, it is important to act sensibly when borrowing.
Anyone contemplating adding children to the family should calculate whether they could live on one income because having both halves of a couple work may turn out to be impractical.
Include a maintenance budget. Even new homes need upkeep and repairs.
Buyers who can't afford their dream home now should opt for a starter home where they can save money each month for what they really want.
Consider a property that can be expanded and improved down the road when money is available.
No two buyers are the same, but they should all feel confident with the loan they enter into, no matter the size of the mortgage.
Source: The New York Times, Ron Lieber (09/12/2009) - June 2009 - Newsletter from DH Design
Welcome to the DH Design Newsletter
Dear Friends,
June gloom is in full force which must mean it is summertime in San Diego. But now is the perfect time to work on small decorating projects so that when the sun finally does come out ( and you know it will) all your projects will be done and you can enjoy the summer.
In this month's newsletter I have written an article on the use of black in your home. I cannot believe I haven't written on this yet as it is one of my favorite colors and you will see why when you read the article.
I mentioned that I visited Graceland on my trip through the deep South last month. Thought you might be interested, from a design standpoint, in what I saw. It was not as bad as you might think.
Click here to read more! -
DH Design (619) 447-2076
www.dhdesigners.com
hayniedi@cox.net
l
Welcome to the DH Design Newsletter
Greetings,
I just returned from a 10 day trip through the deep South and while I had a wonderful time visiting family it made both Rick and I realize why San Diego is our home. Who knew that hail could be the size of grapefruits!!?? (and the snakes, YUCK!) But I did discover that this part of the country is experiencing the same real estate woes that we are trying to survive. Since it is difficult to sell or buy, now is a good time to make some affordable and simple changes to your interior to create the home of your dreams. Check out my ideas for a master bedroom re-do that won't break the bank.
Summer is here and it is time to spruce up your backyard. Decorate this area as you would your interior spaces and you will be surprised at how much time you will spend outside.
Enjoy.
Affordable Master Bedroom Updates
My new year's goal was to create a spa-like master bedroom retreat. While I have not yet accomplished this goal I am always thinking about it and thought I would share some ideas with you. If you are like me your master bedroom could use some help. I am always envious of those who have been able to create a master bedroom retreat that does not house next week's party supplies, holiday gifts waiting to be wrapped, books to be donated etc. Sometimes all you need is to de-clutter, clean and trade out just a few items to create that getaway you long for.
For example, if you are tired of your matching bedroom 'suite' adding a new headboard can make all the difference. However, these can be expensive. In place of your existing headboard try hanging a quilt, tapestry or wall hanging behind the bed. These add instant color and texture. Don't tack it up like you did in your old dorm room. Choose a beautiful rod and finials that coordinate with the rest of the room. Just be sure to choose bedding that does not compete with the pattern. A solid would probably be the best choice.
Maybe you need space for books or lamps. Try placing a console table (the thin table used behind sofas) against the wall. The mattress will hide the legs and you will have a sturdy and usuable shelf in minutes.
Old architectural finds such as gates and doors are fun to search for and make a statement as a headboard.
It is a simple process to visit Lowe's and have a piece of plywood cut into any shape you like. You can then upholster the wood with fabric, add some trim such as nailheads and you have a unique headboard for very little money. This is a good option if you enjoy sitting up in bed to read or watch TV as it gives a soft space for your head to land.
Looking to revive tired, beat-up nightstands? Of course you can paint and add new drawer pulls. But try adding a piece of granite or marble cut to fit the top. This will add some drama and texture to your furniture.
Exchange the matching mirror above your dresser for a unique tiled or metal mirror; or replace the large single mirror with two oval ones. If you don't really use the mirror switch it out for some artwork or a collage of smaller mirrors for interest.
A new coat of paint is always an easy fix. This year be brave and try a new color. Current trends are showing beautiful grays and greens that act as neutrals and work with just about every other color.
I rarely purchase expensive bedding. We spend too much time laying on top of the bed reading or watching TV for me to worry about spills or dirt. Instead, I splurge on wonderful sheets. But buying inexpensive comforters or duvets allows me to change my bedding a couple of times a year and experiment with whatever
'phase' I may be in at the time i.e. stripes, new color combinations etc.
Adding new lampshades to your bedroom lamps can give the room a new feel. You can opt for wonderful custom shades to complement your decor or you can choose from the many inexpensive options available at stores such as IKEA, Target, West Elm and Pottery Barn. Replacing your table lamps with wall hung lights will free up room on your bedside table and make the room look neater, which is the key to creating a 'retreat' feel.
I am a pillow fanatic. That does not mean I have lots of pillows everywhere, it just means I like to switch out throw pillows throughout the year. Adding a couple of new pillows to your bed or chair will allow you to take advantage of new colors or patterns that you may not want to use in large volume. Have fun with these...it is a way for you to personalize the room for very little money.
Do not forget artwork in this room. Hang art that reminds you of fun times, relaxes you or even motivates you (for whatever!). And be sure to have pictures of family and friends in this room. You are not trying to retreat from them, I don't think anyway.
I could go on and on ( and maybe I have) but with a little creativity and imagination you can create that master bedroom retreat you have been wishing for without spending a lot of money.
We had our first barbecue this weekend and it made me so anxious for summer to be here. Warm evenings on the deck with friends, 'friendly' card games on Saturday night and, of course, hot dogs at Petco Park while watching the Padres lose. All of these things spell summer to me. What does summer mean to you?
Sincerely,
Diane Haynie
DH Design
In This Issue
Affordable Master Bedroom Updates
Backyard Decorating Ideas
Backyard Decorating Ideas
It is time to spruce up your patio, yard or deck to enjoy the warm summer nights that are fast approaching. I am in the process right now of replacing old boards on my deck and trying to choose a new dining table since the wind picked up my old one and broke the glass. (who says we aren't in Kansas anymore?) but like many of you I do not have unlimited funds to redecorate my backyard every year. Check out these inexpensive ideas that can add a unique touch to your next BBQ:
**Take an old gelatin mold or bundt pan and fill it with flowers or votives. It makes a perfect centerpiece around your umbrella. And how 'green' of you to repurpose an item.
**To clean your outdoor furniture try using the Goo Gone patio cleaner. According to Good Housekeeping this cleaner does a spectacular job on all surfaces including plastic, canvas and rattan.
**Add new throw pillows and/or cushions to your outdoor furniture. Today's outdoor fabrics come in just about any color and pattern you can imagine. If you sew, you are very lucky. If not, the ready made ones available at Target,Pottery Barn and Crate and Barrel offer a good selection.
**Place a solar lamp in a flower pot filled with flowers. It will add some light to an area that is dark at night and still look pretty during the day.
**If you have a water feature fill it with floating candles at night. Not only is this very pretty but it keeps the bugs away. Or tuck a couple of the cute lanterns that are available this year in and around your greenery for a spot of light. It will look like you have fireflies! (for safety you may want to use battery operated candles and votives in these lanterns)
- Keeping Your Home Buyer-FriendlyWritten by Diane Haynie
DH Design 619 447-2076
hayniedi@cox.net
It is no secret that times are tough in the real estate market. Many people who had planned on selling their home find themselves either unable to sell or the selling process is taking a long time. But the market will turn around again. It always does! And when that time comes buyers will be looking for the best deal available. There will be a glut of properties on the market and the one that sells the quickest will be the one that has been maintained. And let’s not forget the best reason to maintain your property----for you and your family to enjoy! Here are some tips for an inexpensive facelift.
• Curb appeal is important to any prospective buyer. Take a walk to the street and take a good hard look at your home. Is the yard weeded and maintained? If not, plant some flowers, pull the weeds and water the grass. Not only is a well-maintained yard important to a buyer but you will enjoy pulling up to your home and seeing a beautiful yard. Is the mailbox in need of replacing? If so, visit Home Depot and purchase a new one. They are very inexpensive and the mailbox is one of the first things people see when approaching your home. Would a front door make your home more appealing? This can be a bit more expensive but can make all the difference in your entry. Does the trim need painting? Then get out the paint brushes and start painting. These are all simple items that you can probably take care of yourself and they won’t break the budget. But they will make your home stand out as one of the prettiest on the block!
• Inspect your home inside and out as if you were a home inspector. Make sure all the plumbing is in good order. A toilet that runs or a faucet that drips is never a good thing. If you have blinds at your windows, make sure they are in good condition. If any of the veins are bent or the string is broken, they will need to be replaced. Be sure all electrical outlets work. If you have cracks in a cement walkway or broken tiles indoors they will need to be repaired. Completing these projects now will save you time later and allow you to enjoy living in a properly maintained home.
• Complete any unfinished projects such as re-tiling a bathroom, building shelves in the garage etc. A prospective buyer does not like to see an unfinished room. And you won’t have the pressure of an unfinished project staring you in the face each time you walk into the room.
• Decorate your home. Remove all the clutter. Not only will your house look better but you will feel better. Paint the walls to remove any marks and brighten up the room. If you are planning on selling when the market rebounds, choose a neutral color such as tan, sage green or a light grey. Bold colors are not always a good selling point. Purchase some inexpensive throw pillows to update your couch and chairs. If you have dusty old curtains at the windows, take them down and replace them with inexpensive sheers or blinds. Clean the carpets and/or replace worn out area rugs.
Completing these projects today will allow you to enjoy your home now and when the market recovers, you will be ahead of the game.
- Opportunities In House Swapping!By Michelle Hofmann | March 2009
It was love at first sight in November 2007 when Steve Benton came across the online listing for a 2,600-square-foot home in Longwood, Fla. The home was much closer to his job, fell within his price range, and had plenty of space for his growing family.
But before he could seriously consider making an offer, he would have to sell his 1,300-square-foot home in Southeast Orlando. 'With the market the way it was, I didn’t have much hope of that happening,' Benton recalls. 'In fact, my house wasn’t even listed.'
Nonetheless, Benton contacted the listing agent, Malte Strauss, broker-associate of Southern Realty Enterprises Inc. in Longwood, and explained his dilemma. It just so happened that Strauss’s client was looking to downsize in Southeast Orlando, and Benton’s home would be a perfect fit. Strauss proposed a trade.
Six weeks later, with inspections done and agreements signed, Strauss shepherded simultaneous closings on both properties.
Originating in the vacation rental and commercial investment sectors, property swaps—usually two separate sales with simultaneous closings—are becoming more popular with residential buyers and sellers. It may be an especially attractive option in a weak economy for sellers seeking to downsize.
Finding a perfect match isn’t always easy, but the growth of online forums for swapping homes is widening the base of potential suitors and pushing the idea mainstream. Listings for permanent and part-time house swaps on the free classifieds Web site Craigslist rose to 10,466 in December 2008 from 7,393 in December 2007, according to spokesperson Susan MacTavish Best.
Entrepreneurs are also getting into the mix with sites made exclusively for house trading. After being unable to arrange a house swap for his property using word of mouth, David Moskowitz, president of a Sarasota, Fla., software development company, saw the need for an online repository of homes available for trading. He created Domuswap (www.domuswap.com), which has listed more than 6,510 properties since its launch in June 2007. Moskowitz knows of four successful swaps completed by the site’s users.
'Sellers become buyers if they can sell their home. So why not put some motivated sellers together?' says Daniel Westbrook, a sales professional with RE/MAX First in Real Estate in Tampa, who founded OnlineHouseTrading.com.
Westbrook says Florida is the most popular state for trades, followed by California, Nevada, Michigan, and Arizona. All of these states have been hit hard by the real estate downturn and are brimming with sellers open to a nontraditional approach, he says.
Whether the home swap is born on the Web or evolves through a personal connection, real estate practitioners can move along a transaction. 'The details are not much different than two separate sales that are contingent upon each other to close,' Moskowitz says.
When the homes’ values differ, one buyer will have to secure cash or a mortgage to make up the balance. Benton sold his house for $225,000 and took out a mortgage to cover the balance owed on the $500,000 Longwood property.
As a general rule, Strauss says there are no notable commission differences with swap transactions than with traditional home sales. 'In my case, I made an arrangement with the buyer that if I was able to make a deal, I would get a commission,' he says. If the other party isn’t represented by a real estate agent, Strauss recommends securing an agreement for additional compensation.
If you’d like to help sellers find a potential swap, start by asking them detailed questions about their ideal replacement property, Westbrook says: What are their desired locations and amenities? Are they looking to trade up or down?
If sellers are open to the idea, spread the word among your sphere of contacts. Make sure your real estate colleagues understand what your client is looking for so they can make connections on their end. And create flyers for your open houses showcasing the swap option.
While some sites charge for a one-time posting—OnlineHouseTrading.com charges $19.99—others, such as Domuswap, offer users a free basic service and additional paid upgrades for better visibility. In Domuswap’s case, home page listings cost $4 per day and banner ads range from $1 to $10 per day.
Strauss uses Postlets (www.postlets.com), a free service that allows users to build ads that can be posted to multiple sites, such as Craigslist and Trulia (www.trulia.com). He says it’s best to advertise swaps with a pithy blurb: 'Wanted: Townhouse close to airport. Offer trade to 4 bedroom on north end of town.'
In addition, Strauss says, ask your client for permission to disclose information about the trade possibility in the remarks sections of the MLS listing and on REALTOR.com and other listing sites.
If you find a suitable replacement property, contact the listing agent and ask if the seller would entertain a trade. E-mail or fax a preliminary trade proposal to all the salespeople with matching listings.
For a smoother closing, try to use a single title company for both deals, Strauss suggests.
Even if you do everything right, home swapping can feel like a game of chance, he says. But it’s one more option that can help to speed a sale—and a purchase.
- Loan Modification Questions and AnswersThe loan modification process can be frustrating and confusing for many distressed homeowners. If you are considering contacting your lender about a loan workout to avoid foreclosure, you need to get as much information upfront as possible so you will be prepared and able to present your case in the best possible light. To help you understand how the process works and what you can expect, here are the Top 10 Questions:
1.What exactly is a loan modification? A loan modification is a permanent change in one or more terms of a borrower’s home loan, allows the loan to be reinstated, and results in a payment the homeowner can afford
2. Can the lender include late charges in the Loan Modification? Per HUD, the accrued late charges should be waived by the lender at the time of the loan workout-this varies depending on the type of loan-but always request a complete breakdown and description of all fees and penalties from your lender
3. Can the bank require an interior inspection of the property if they have concerns about the property condition? Yes, the lender may conduct any review it deems necessary to verify that the property does not have physical conditions which might adversely impact the value
4. How do I know if I will qualify for a loan modification? The number 1 criteria your lender is looking at is your ability to make the new modified payment now and in the future. You need to supply the lender with proof of your income, along with a complete and accurate financial statement detailing your income and expenses to show them that if granted the modification, you will be able to afford the new, lower payment
5. Do I have to be currently delinquent on my payments to get a loan modification? Most lenders are now accepting applications from homeowners who are not currently delinquent, but who are able to prove to their bank that due to imminent interest rate increases, they will no longer be able to afford the loan payment under the terms of their loan. It is advisable to contact your lender as soon as possible to start the loan modification process, regardless of if you are delinquent or not.
6. What is an acceptable Hardship situation? Each homeowner has a unique set of circumstances that caused them to fall behind on their home loan, but generally the lenders consider divorce/separation, loss of income, death of spouse, co borrower or family member, illness, job relocation, military service to be acceptable reasons to consider a loan modification. A compelling hardship letter included in your application is a very important part of a successful application.
7. Will a loan modification help me stop foreclosure? Yes, that is the goal-by working with your lender to find a loan workout solution, your loan is brought current and the foreclosure process is halted.
8. Can my missed payments be added back into my new loan modification? Yes, the arrears can be added to the new loan balance and spread out over the term to allow the loan to be brought current.
9. Can I do a loan modification myself or should I pay someone to represent me? That is entirely up to you and your comfort level with dealing with your lender, but also your current financial situation as most loan modification companies require a large upfront fee. Regardless of what you decide, the first thing you should do is learn all you can about the modification process your particular lender has, your legal rights, and what it takes to get your application approved.
10. So how do I get started to modify my loan? Before contacting your bank’s loss mitigation / home retention department or a loan mod company, do your homework-learn as much as you can about the loan modification process so you can make informed decisions. There is a lot of information online about loan modifications, but it can be difficult to get all the information you need together in one easy to understand format. Please feel free to contact me to discuss your personal loan modification needs. I will help guide you through the process of doing this on your own and hopefully save you thousands of dollars.
Gary Jackson
Sr. Loan Officer
619-559-0108 mobile
877-406-1357 fax
imortgage
7777 Alvarado Road, Suite 701
La Mesa CA 91941
- Coffee Filters
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A lady got up very early one morning and went outside to pickup the Sunday paper, she noticed someone had sprayed red paint all around the sides of the neighbors brand new beige truck. She went over and woke him up and gave him the bad news. He was, of course extremely upset. And they stood there trying to figure out what could be done about the problem. They decided there wasn't much recourse but to wait until Monday, since nothing was open. Just then another neighbor came out of his house, surveyed the situation and immediately went to get his WD-40 out and cleaned the red paint off with it. Guess What! It cleaned up that paint without harming the original paint on the truck! I'm impressed!!
Water Displacement #40. The product began from a search for A rust preventative solvent and de greaser to protect Missile parts. WD-40 was created in 1953 by three Technicians at the San Diego Rocket Chemical Company Its name comes from the project that was to find a 'water displacement' compound They were successful with the fortieth formulation, thus WD-40. The Corvair Company bought it in bulk to protect their atlas missile parts. Ken East (one of the original founders) says there is nothing in WD-40 that would hurt you...' IT IS MADE FROM FISH OIL' . When you read the 'shower door' part, try it. It's the first thing that has ever cleaned that spotty shower door. If yours is plastic, it works just as well as glass. It is a miracle! Then try it on your stove top. It is now shinier than it has ever been before.
1) Protects silver from tarnishing.
2) Removes road tar and grime from cars.
3) Cleans and lubricates guitar strings.
4) Gives floors that `just-waxed` sheen without making it slippery.
5) Keeps flies off cows. (Now here's one we all need to try!)
6) Restores and cleans chalkboards.
7) Removes lipstick stains.
8) Loosens stubborn zippers.
9) Untangles jewelry chains.
10) Removes stains from stainless steel sinks.
11) Removes dirt and grime from the barbecue grill.
12) Keeps ceramic/terra cotta garden pots from oxidizing.
13) Removes tomato stains from clothing.
14) Keeps glass shower doors free of water spots.
15) Camouflages scratches in ceramic and marble floors.
16) Keeps scissors working smoothly.
17) Lubricates noisy door hinges on vehicles and doors in homes
18) It removes black scuff marks from the kitchen floor! Open some windows if you have a lot of marks.
19) Bug guts will eat away the finish on your car. Removed quickly, with WD-40!
20) Gives a children's play gym slide a shine for a super fast slide.
21) Lubricates gear shift on lawn mowers.
22) Rids kids rocking chairs and swings of squeaky noises.
23) Lubricates tracks in sticking home windows and makes them easier to open.
24) Spraying an umbrella stem makes it easier to open and close.
25) Restores and cleans padded leather dashboards in vehicles, well as vinyl bumpers.
26) Restores and cleans roof racks on vehicles.
27 ) Lubricates and stops squeaks in electric fans.
28) Lubricates wheel sprockets on tricycles, wagons, and bicycles for easy handling.
29) Lubricates fan belts on washers and dryers and keeps them running smoothly.
30) Keeps rust from forming on saws and saw blades, and other tools.
31) Removes splattered grease on stove.
32) Keeps bathroom mirror from fogging.
33) Lubricates prosthetic limbs.
34) Keeps pigeons off the balcony (they hate the smell).
35) Removes all traces of duct tape.
36) Folks even spray it on their arms, hands, and knees to relieve arthritis pain
37) Florida 's favorite use 'Cleans and removes love bugs from grills and bumpers.'
38) Protects the Statue of Liberty from the elements.
39) WD-40 attracts fish. Spray a LITTLE on live bait or lures and you will be catching the big one in no time.
40) Ant bites. It takes the sting away immediately and stops the itch.
41) WD-40 is great for removing crayon from walls. Spray on the mark and wipe with a clean rag.
42) If you've washed and dried a tube of lipstick with a load of laundry, saturate the lipstick spots with WD-40 and Presto! Lipstick is gone!
43) If you spray WD-40 on the distributor cap, it will displace the moisture and allow the car to start.
Keep a can of WD-40 in your kitchen cabinet. It is good for oven burns or any other type of burn. It takes the burned feeling away and heals with NO scarring.
Remember, the basic ingredient is FISH OIL
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As granite becomes almost ubiquitous, buyers are wowed by stylish Corian, quartz, and even cork.
By Barbara Ballinger
Granite countertops may still impress some buyers, but true trendsetters will be on the lookout for kitchens that incorporate some of the hottest new materials. A countertop, backsplash, or floor in a dazzling material may be just what’s needed to give a room a stylish kick and spur a sale.
Help educate home owners about the growing list of new possibilities, including the pros and cons of various materials. A trendy look carries a lot of weight, but durability, affordability, and sustainability also count.
We asked design experts about the hottest and freshest materials, and some old favorites, that can make a big impact in the kitchen. While some experts agreed, we found some differing opinions on each material’s pros and cons. Because every buyer’s style is different, urge clients to study materials up close and find the answers to these key questions:
How durable is it?
Will it stain or crack?
Does it need to be sealed and resealed? How often?
Is it eco-friendly?
Does it come in slabs, tiles, or both?
What surface is most suitable for this material?
How much does it cost to buy, install, and maintain?
Another piece of advice from the experts: For the best overall look in a kitchen, never use a material as the only surface in a room. “Too much of any single material loses freshness,” says designer Mick de Giulio of DeGiulio Kitchens & Bath in Chicago and Wilmette, Ill.
Materials to Consider
Concrete. Simple, clean, and durable, this material can be left rough or honed, stained a color, edged with another material, and sealed, although some scratches and cracking may be inevitable, says designer Mariette Barsoum of Divine Kitchens in Westboro, Ma. It can also be sculpted into curved countertops. Installation is critical, and the best installers charge top dollar, often $275 a square foot, says Arthur Tanturri, owner of Chelsea Fine Custom Kitchens in New York. Do-it-yourselfers can cut costs by following advice from Fu-Tung Cheng’s book, Concrete Countertops Made Simple (The Taunton Press, 2008).
Quartz. Engineered or manmade quartz, plus epoxy resins, creates the material that’s generically referred to as quartz. However, manufacturers also call it by other names: Cambria, Zodiaq, CaesarStone, and Silestone. Colors vary, but all are durable and heat resistant. “It provides the look of granite but doesn’t have that material’s porosity,” says Naperville, Ill., designer Joan M. Kaufman. It can also be heated and molded into curved shapes, says Doug Durbin, owner of NuHaus, a design firm in Highland Park, Ill. Some designers like the consistency of its colors and patterns; others think such sameness looks unnatural and prefer the one-of-a-kind slabs of granite and marble. Price varies by the slab selected, but it can be more costly than a natural stone.
Bamboo. Eco-friendly, warm, and available in different hues, bamboo is a durable wood-like grass that can be used on any surface. It requires sealing. When it comes to price, top-notch bamboos rival high-quality granites. Jeff Taub, owner of Kittle’s Flooring Co. in Ft. Lauderdale, Fla., favors the strength of strand bamboo, which is mixed with resin and compressed.
Mosaic glass tiles. A hot contender for today’s favorite material, these tiles are sustainable and available in a rainbow of colors, textures, and sizes. They can be mixed with metal, stone, and ceramic tiles for a rich textural display. The downside is price, which is comparable with or even greater than nice granite. Chicago designer David Kaufman likes to use glass tiles in different sizes and shapes on a backsplash.
IceStone. Recycled glass is mixed with cement to create IceStone, a speckled surface that’s chip- and burn-proof, although four times costlier than good granites.
Hardwood. Wood will always be a classic, but the specific species, colors, and widths come and go in popularity. Frank Fontana, host of HGTV’s “Design on a Dime” currently prefers darker woods such as Brazilian cherry, walnut, mahogany, and oak-stained ebony. He also likes wide planks that mimic barn floorboards. New York designer Jeani Ziering thinks reclaimed teak flooring is an elegant must-have.
Cork. Though it may look soft, this flooring material wears like wood and can be dyed with vibrant reds, greens, blues. It’s also affordable, at $15 to $18 a square foot.
PaperStone. Durable and sustainable, PaperStone is made from layers of recycled paper in thicknesses of ¾-inch to 11/4-inch, making it suitable for countertops. Edges can be varied. Price is comparable to lower-end granites but a seasoned installer is essential, says Durbin.
Marble. Another natural material, marble’s elegance comes from its classic simplicity, quiet color range, and subtle veining. Though durable, it’s more porous than granite and requires periodic sealings, says David Kaufman. Some consider it a bad choice for kitchen counters, but Fontana thinks it’s fine as long as home owners understand how to care for it. Honing helps it withstand wear, says Jacksonville, Fla., designer Judith Sisler Johnson. Prices can be steep, $10 to $12 per square foot compared with $8 to $10 per square foot for granite that’s the same size and comparable quality, and $6 to $10 for porcelain, says Tanturri. A middle-grade granite slab might run $80 to $110 installed; the same size and quality marble slab would be 15 percent more.
Granite. Like a black cocktail dress, granite will never go out of style, even if it is something that everybody owns. This natural material looks freshest when selected in a classic color or one of the newer but low-key variations such as sky pearl or black with gold or tan veining. Available in tiny mosaics, larger tiles, and slabs, its price depends on the thickness, edging, color, and finish. Prices have dropped due to competition, though newer granites like rainforest green may still run as high as $250 per square foot, says Durbin.
Other Options to Consider. Though less popular, and on the pricey side, here are some other materials our experts mentioned:
Alkemi. This recycled metal with a jewel-like look shimmers and is resistant to chipping.
Copper. It offers an elegant sheen, but it can ding, so you may be safer using this material on walls rather than counters or floors.
Leather tiles. Another green material, these tiles offer a rich dramatic look in a variety of skins such as ostrich and vibrant colors like orange.
Pyrolave. A French-made glazed Volvic lava stone that’s hard, heat resistant, and comes in vibrant tones can cost $250 a square foot and require a seam because of its lengths.
Seeta. Environmentally-friendly and made by Torzo Surfaces from sunflower seed hulls, this material is durable, green, 100-percent formaldehyde free, and available in multiple colors and patterns. It costs about the same as an average-priced granite does, says Los Angeles designer Sarah Barnard. - New Capital Gains Rules for 2009Click Here for More Info!
- Property Tax AssessmentClick Here for More Info!
- Thrifty Solutions for an Outdated KitchenIf a cramped, old kitchen is turning off buyers, follow the lead of these home owners and turn a liability into a showplace.
By Sarah Shideler | October 2008
In the eight years that we’ve operated our design and building business, WMS Construction in Marin County, Calif., my husband, Bill Shideler, and I have collaborated on a number of kitchen remodels for other people. A few years ago, we moved into an outdated ranch home and decided to use that collective experience to expand and update our own kitchen.
The challenge we faced involved a key element in limited supply: money. We knew that we’d be doing a substantial amount of the work ourselves or supervising subcontractors called in for selected jobs. But our budget couldn’t exceed $40,000—a bargain here in California. Here are some of the lessons we learned that sellers can use in turning that old, tired kitchen into a showplace buyers will clamor to call their own.
1. Add space and light by removing a wall. Instead of shelling out thousands of dollars to build additional floor space for our cramped kitchen, we took a simpler, less invasive approach. We replaced the partition walls with a single supporting beam and extended the exterior wall to enclose an underused 8-by-9-foot deck. For more light we added a large skylight and enlarged the garden window.
2. Don’t move the plumbing. Although it was tempting to move the sink from the back wall to the new island, it would have cost us an additional $1,200. Relocating the stove was possible, but moving the gas and electricity would have run at least $500 plus the cost of a new stove to work with the island. We did relocate the fridge to make room for the island, which we use for both food prep and casual dining. However, keeping most of the appliances in the same place saved us an estimated $2,000.
3. Unclutter the countertops with special hardware. Limited counter space doesn’t have to mean limited workspace. Mounting a stand mixer and a food processor on heavy-duty appliance lifts from Rev-A-Shelf kept them out of the way but instantly accessible. The brackets are strong enough to support an appliance in use, so you can lift it up to create an instant workstation. The lifts average about $90 each.
4. Buy ready-to-assemble cabinets. We chose white melamine boxes for most of the kitchen and cherry for the hutch, all from CabParts. The drawer boxes were ordered from Drawer Box Specialties. Ordering parts by mail and installing them yourself requires careful planning and precise measurements, but the payoff is major savings (for us, about $15,000).
5. Consider a variety of countertop materials. We wanted granite for its look and durability, but our budget kept us from using it on the island as well as the countertop. By shopping around, we found a 3⁄4-inch-thick granite slab that cost 30 percent less than a 1 1⁄4-inch version. The granite’s true thickness is visible around the undermount sink, but a laminated edge makes it look like a thicker slab and hides the plywood backing, which adds structural support to the countertop. A maple butcher-block top on the island costs about $450.
Adapted from an article in the October/November 2007 issue of Fine Homebuilding. To read the entire article as well as other stories about home repair and remodeling, go to www.finehomebuilding.com.
- San Diego Housing Update September 2008CLICK HERE
- What to Know About Inheriting Property
Daily Real Estate News | August 28, 2008
Inheriting property can be exceedingly confusing for the heirs, particularly if they plan to sell the property. While getting expert legal advice is the best approach for the person who has inherited property, here is some basic information that can help a real estate professional better understand the situation.
Every state has a legal process that allows the person who was willed property to transfer ownership of it from the previous owner’s name to the new owner’s name. The attorney assisting with the probate of the will can help fill out the forms. If there is no lawyer involved, sometimes someone in the clerk of courts office can guide the person inheriting property through the transfer process.
Generally, there is little or no transfer tax or other cost involved because the person who is inheriting the property didn’t pay anything for it.
When a person dies and title is transferred to a spouse or a child, the due-on-sale clause in a mortgage contract doesn’t apply. Otherwise, while a lender could call the loan, in the current economic climate it is unlikely if the person inheriting the property makes regular payments.
Source: Real Estate Matters Syndicate, Ilyce Glink (08/24/2008) - 5 Big Mistakes Consumers Make When MovingBy Fayette Wester
RISMEDIA, August 11, 2008-Moving may seem like an overwhelming experience for some home buyers, so we’ve compiled a list of “don’ts” to help consumers gear up for a smooth move.
1. Getting a quote over the phone or Internet: A big mistake that consumers make, when planning their moves, is obtaining a quote over the phone or the Internet. Any quote obtained in this manner is a non-binding quote. The only way to obtain a guaranteed or binding quote is to have a visual survey of your household goods by a reputable mover. If you choose to accept a quote over the phone or Internet you are setting yourself up for a nasty scenario when the mover shows up at your new home and demands more money.
2. Waiting too long to line up a mover: Allowing time for a visual survey, receiving a written and binding quote, and reserving a truck for your move takes a lead time of 4-6 weeks. Although moves can be arranged in a shorter period of time, many consumers find that their choices are limited by availability, especially in the busy summer months. In our current real estate market many homes are taking longer to sell, but once sold are closing very quickly. The time to obtain estimates for your move is before your home sells so that you are prepared when it does.
3. Misrepresenting what you are moving: It is very important to show the surveyor or estimator everything you are planning to move. If you forget to show items in a basement, garage, attic, or off-site storage unit and then add those items at time of pick-up, your estimate will no longer be binding. In the same vein, if you commit to packing your own items but don’t have time to finish, the van line will pack your items and charge you for the service. If you are uncertain of whether you will be taking something, or are not sure if you will have time to pack everything, ask the surveyor to put the items or service in the estimate. If you decide not to take something, or do not require the packing, the cost will be adjusted downward.
4. Paying a deposit up front: Reputable movers do not ask for payment up front to reserve trucks or dates. This is a classic red flag in moving. A reputable mover will expect payment upon delivery.
5. Finding a mover based upon price rather than reputation and service: If a mover gives you a price that is significantly lower than other movers it is likely that you are being low-balled. If a surveyor has underestimated your weight in order to give you a lower price you may find, on moving day, that the moving truck does not have enough room for your shipment. This is called an overflow. An overflow means that your items will not all travel together, will not all arrive at the same time, and will generally just cause you a big hassle. Another way to lower cost is to compromise service. Look for a competitive bid from a professional mover who is certified and reputable. Although price is an important factor, don’t base your decision on price alone.
The Move Advocate was designed to help you and your clients navigate your way to a smoother move. Call 800-617-1918 to discuss your moving needs with a professional moving coach, and to obtain multiple binding quotes at no cost and with no obligation.
For more information, visit www.moveadvocate.com.
- Tips for Easing Pet Problems in Real EstateDaily Real Estate News | May 20, 2008
Dale Stevens, an associate with Prudential Connecticut Realty in Enfield, Conn., has been bitten by dogs and assaulted by parakeets, but her worst experience came as a result of a cat sleeping in a chair: Her client, terrified of cats, took one look at the snoring feline and walked away from the deal.
If your sellers have pets at the home, here are some suggestions from Stevens and other Connecticut practitioners for managing the potential problem.
Clear up allergy conflicts. Make it clear in the listing that a pet lives in the home to avoid any problem with potential buyers who have allergies.
Get rid of smells. Minimize odors by removing litter boxes and thoroughly vacuuming up dog and cat hair.
Move the dog out. Ask the sellers to relocate their pets during the selling process. Moving the animal to the home of a friend or relative is the best solution.
Next best: to the basement. If the pet can’t be moved, then suggest that they confine the animal to the basement or the garage.
No pets at showings. Insist the sellers take the pet with them during open houses and showings.
Offer to pay for cleaning. Tell sellers you'll give them a credit at closing to pay for having the house thoroughly cleaned by a professional to get rid of any lingering pet odors and hair.
Hide the evidence. Remove evidence of the pet, like pet toys, feeding dishes and photos, which can distract potential buyers who don't like the idea of animals living in the house.
Source: The Hartford Courant, Robin Stansbury (0518/2008) - The Roof: Topping It All Off
Online Exclusive Published: 05/01/2008
Architecture Coach By Leslie Banker
Every roofing material has its unique perks and drawbacks. Here’s a look at some of the most popular materials, and what you need to know to speak knowledgeably with clients.
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Never underestimate how much a roof can impact a sale. If it’s not up to par, some buyers will walk away or turn the roof into a major sticking point of negotiations. On the other hand, a beautiful roof can give potential buyers all the reason they need to make a competitive offer. And that’s precisely why you must grow your knowledge of this essential home feature.
In addition to the shape of the roof — whether it’s a gambrel, a gable, or a Mansard — the material used for roofing can make an enormous impact on the look and style of a house. Let’s take a look at the various types of roof materials and the pros and cons of each.
All Roofs Not Created Equal
The longevity of a roofing material is somewhat dependent on the climate, so estimates of lifespan are approximate and also depend on whether the material is properly installed.
Here are six commonly used roofing materials that you should be able to identify and discuss with clients.
Slate roofs: Pretty and pricey. This is one of the best, most beautiful, and architecturally significant roofing materials. It’s a beautiful blue-grey stone that lasts anywhere from 70 to 100 years or more. Slate is very expensive and the prospect of having to replace a slate roof will surely be something a buyer will want to keep in mind when negotiating a price for the property. But since these roofs are known for their longevity, they’re often worth the investment because a roofing material with a shorter lifespan will have to be replaced many times (at increasing prices) in the period that a slate roof will hold up. Not to mention, it’s also environmentally friendlier to use materials that last a long time. Artificial slate is also available, but it typically doesn’t have as long of a life span as real slate. However, it still lasts for a few decades or more. Slate is heavy, so a building must be constructed to support the weight.
Metal roofs: Gaining popularity. These come in a variety of forms, from corrugated metal with ridges to a roof that looks like it is made of shingles. Metal roofs are often chosen in green design because they last a relatively long time (a couple of decades or more) and can be made with recycled materials. Also, metal reflects heat, which can cut down on energy costs in hot climates. However, this roofing material is expensive – and rain or hail can be very noisy.
Wood shakes or shingles: Natural look. These roofs are usually made with cedar and can last up to 30 or 40 years, depending on the climate. The difference between a shake and a shingle is that shakes are split from a block of wood whereas shingles are sawn from a block of wood. Typically a shake is thicker and more rustic looking than a shingle. In shingle style architecture, wood shingles (or shakes) used as the siding and roof material on a house have a great natural look that weathers well over time.
Clay tile: Long life span. You can often see these roofs in Mission, Spanish Colonial, and Mediterranean styles of architecture especially in conjunction with stucco siding. Places like California and Florida would be prime places to spot such a roof. The tiles are made with clay or concrete, are fire resistant, and typically last a relatively long time — a few decades or more. The tile is heavy, so that a house must be built to hold up the weight. It’s possible to find salvaged tile roofs, which would be a very environmentally friendly way to re-roof.
Asphalt shingles: Functional, affordable. This is perhaps the most ubiquitous and least expensive roofing material. These roofs come in a variety of colors and shades, from black to greenish to reddish hues. They don’t have the architectural substance of other roofing materials, but they are also perfectly functional and widely used. They typically last about 15 to 20 years, a shorter time than other materials mentioned above.
Vegetated roofs: Green design. Also known as green roofs, vegetated roofs are a staple in green design. Grasses and plants, such as wild strawberries, grow on the roof over a water-tight layer. The soil and plants help to keep the roof cool (which reduces energy costs), help to mitigate water run-off from rain, and generally make the house blend in with its surroundings. This is a new take on a very old idea, seen on buildings for many centuries. The building needs to be able to sustain the weight, and the pitch of the roof has to accommodate the plants.
Talking About the Roof
When discussing any roofing material, you should ask an expert how long a particular product will last in a specific climate. For example, if a slate roof needs to be replaced and the cost is prohibitive, a contractor can advise about switching to another material. This is information that is good to have on hand whether you’re working for a buyer or a seller.
Preservationists, however, will often argue that the original roof material in an older building should be kept.
A licensed home inspector or an engineer should attest to the condition of the roof during a routine inspection. This will give the buyer an idea of how soon the roof will need to be replaced.
Bottom line: By educating yourself about the different types of roofs and potential roof problems, you’ll be able to help your buyers foresee any problems and help buyers know the house from top to bottom.
- Tips, Tricks and Home Remedies We Can All UseA sealed envelope - Put in the freezer for a few hours, then slide a knife under the flap. The envelope can then be resealed. (hmmmmmm...)
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Use Empty toilet paper roll to store appliance cords. It keeps them neat and you can write on the roll what appliance it belongs to.
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For icy door steps in freezing temperatures: get warm water and put Dawn dish washing liquid in it. Pour it all over the steps. They won't refreeze. (wish I had known this for the last 40 years!)
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- Don't Forget: PMI is DeductibleDaily Real Estate News | March 27, 2008
As April 15 tax day approaches, here is a reminder for home buyers with mortgage insurance.
Home owners with adjusted gross incomes of $100,000 or less can deduct the full cost of their government or private mortgage insurance premiums on their 2007 federal returns.
Families with incomes between $100,000 and $109,000 are eligible for a reduced deduction.
This is a new tax break that Congress has approved through 2010.
'On average, this year's tax break could be worth $350 per taxpayer — an annual deduction that qualified home owners can take each year through 2010,' says Kevin Schneider, president of the Mortgage Insurance Companies of America (MICA).
Source: MICA (03/26/08) - IRS Releases Vacation Home Ruling
Daily Real Estate News | March 10, 2008
The Internal Revenue Service recently issued a Revenue Procedure ruling that spells out how vacation properties can qualify for 1031 exchanges, which involve the exchange of investment properties.
The guidance aims to clear up the debate about whether vacation homes are investment or personal use properties. The ruling states that the property must be held by the taxpayer for 24 months. The holding period is broken into 12-month blocks, and during each the property must be rented at the fair market rate for no less than 14 days.
Additionally, the owner can use the property for 14 days or 10 percent of the days rented, whichever is greater, plus a 'reasonable' number of days devoted to maintenance tasks. Because it is a safe harbor ruling, experts say failing to comply with all the rules does not mean the exchange will be denied or an audit will automatically occur.
However, they underscore the importance of keeping good records of the property's rental history and the dates the property was occupied by the owner for maintenance.
Source: Realty Times, Gary Gorman (03/06/08) - Lease-to-Own PrimerLease-to-own agreements can help sell a hard-to-sell property during a sluggish housing market. Here’s how they work:
A seller agrees to rent a property to an interested buyer for a set period of time, usually one to three years. At the end of the lease, the buyer has the option to purchase the home at a preset price.
A portion of the monthly rent paid during the lease is usually counted toward the down payment. To cover that, the seller charges a rent increment or monthly premium of $200 to $300 compared to comparable rentals.
Many owners also charge an option fee for taking the property off the market, usually 1 percent to 2 percent of the sale price. This may be applied toward the purchase.
Sellers have no guarantee that renters will buy at the end of the term, but if they don’t, they keep the option fee and the amount of the rent that would have gone toward the down payment.
Source: Orlando Sentinel (03/09/08)
- Low-Cost Kitchen UpdatesDaily Real Estate News | March 7, 2008
Sellers whose kitchens are old and outdated, but who don’t want to spend money gutting and remodeling, should consider these tips from interior designers for updating inexpensively.
1. Buy new lighting. Replace fixed ceiling lights with modern movable track fixtures.
2. Replace the hardware. Handles on today’s cabinets are large and sleek instead of small and ornate. Also, brass is out. Replacing the outmoded ones can make the whole room look more modern.
3. Buy a new faucet. A stylish faucet can make a big difference.
4. Update the backsplash. Colorful mosaic tiles are better than plain boring tile.
5. Buy new seating. If sellers can’t afford that, then they can certainly reupholster or replace the cushions.
6. Clean up the clutter. Get rid of the canister set, the breadbox, and all the appliances on the counters. Leave only one bowl of fruit and a plant on the countertops.
Source: The New York Times, Stephen Milioti (03/06/08) - WD-40 does more than lubricate locks!I had a neighbor who had bought a new pickup. I got up very early one Sunday morning and saw that someone had spray painted red all around the sides of this beige truck (for some unknown reason). I went over, woke him up, and told him the bad news. He was very upset and was trying to figure out what to do probably nothing until Monday
Morning, since nothing was open. Another neighbor came out and told him to get his WD-40 and clean it off. It removed the unwanted paint beautifully and did not harm his paint job that was on the truck. I'm impressed!
WD-40 who knew?
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- 6 Things to Consider When Choosing a LotWhen building a new home, selecting the lot is one of the key decisions a buyer must make. Here are six things that builders and architects say buyers must consider before making their final choice:
Click Here For Full Article - Bathrooms Become Spa-like RetreatsImprove the bathroom and you improve the odds that a buyer will fall in love with the home.
Click Here For Full Article - Practical Tips for Newbie LandlordsWith the subprime lending crisis making it harder to get a mortgage, rental demand is increasing. That has spurred many people to explore the financial benefits of being a landlord. Click Here For Full Article
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Proposition 60/90 allow seniors to transfer the property tax base of their existing home when they move. There are some rules to follow though...open the attached document and read the details!
Click Here for the Document - Which Repairs Should You Make Before the Sale?If you're preparing to place your home on the market, it's inevitable that you'll need a couple of minor repairs and slight improvements before that 'For Sale' sign can be driven into the front yard.
Click Here to Read the Full Article - Check online for local gasoline prices!
If you want to know where the best price on gas is in you area, just click on the link below and type in your zip code.
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- Spiffing up- Housekeeping Made EasyOne of the first major steps sellers must take before putting their homes on the market — besides finding a real estate practitioner, of course — is to clean each room from floor to ceiling. Windows must sparkle, lighting fixtures must shine, and tabletops must be clutter free.
Click Here to Read the Full Article - Secrets of Successful Home StagingUse these money-saving tips to transform the look of a house, inside and out.
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Click Here For More Info! - Zillow - online home values miss the mark!Real estate brokers around the country are tracking prices in Zillow's new site, and like what they see -- housing valuations as much as 40 percent off the mark.
Click Here to Read the Full Article - Get Your Garage In Order Before You SellA garage doesn’t have to be a dumping ground. This book’s step-by-step instructions help sellers show off the essential space and help buyers make the most of their new garage.
REVIEWED BY KELLY QUIGLEY
Click Here to Read the Full Article - The California Foreclosure ProcessRead this article by Chicago Title Insurance Company to understand the foreclosure process.
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- Murphy’s Law For SellersMurphy’s Law state that anything that can go wrong will go wrong! Glitches in real estate transactions are inevitable. If you are prepared, you won’t be so shocked when they do.
Click Here to Read the Full Article - Using an Equity Line of Credit To Buy Propertiesby William Bronchick, Esq.
A home equity line of credit ('HELOC') can be an excellent financing tool, if it is used properly. A HELOC is basically a credit card secured by a mortgage or deed of trust on your property. You only pay interest on the amounts you borrow on the HELOC.
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