Source: Realtor.com (Clare Trapasso)
A lack of homes on the market coupled with soaring real estate prices is leading more homeowners to make the most of their current abodes, particularly the kitchens. And why not? It’s often less stressful, and sometimes even more cost-effective, than getting baited into a bidding war over one of the few good properties for sale.
About 10.2 million households, or a little less than 10% of all American households, had kitchen remodeling or replacement work done in 2015, according to a recent report from the National Kitchen & Bath Association. About half, 48%, of what they spent on kitchen remodeling projects went toward new cabinets and appliances.
Source: Realtor.com (Margaret Heidenry)
Termites eat 24/7, and if they’re in your walls or foundation, your home is basically the insects’ all-you-can-eat buffet. Of course, there’s no such thing as a free lunch—that banquet comes at a major cost to homeowners. According to the entomology department at the University of Kentucky, termites cause billions of dollars in damage a year. The worst part is, you usually don’t know they’re eating your home until it’s too late, leaving you to wonder—does homeowners insurance cover termite damage? (Spoiler alert: You won’t like the answer.)
Termite damage and home insurance
“Homeowners insurance does not cover damage from insects, whether it’s from termites, bed bugs, or another infestation,” says Stacey A. Giulianti, a lawyer in Boca Raton, FL. In general, that’s because homeowners insurance doesn’t cover any damage to a property that is “preventable.”
Source: www.thebalance.com (Elizabeth Weintraub)
Prepping and staging a house. Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it’s not luck that makes that happen. It’s careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.
Time Required: Seven to 10 Days
Average return at resale: 102 percent
It costs about $10,500 to replace the tub, tile surround, floor, toilet, sink, vanity and fixtures. You’ll get back an average of $10,700 at resale, a recoup rate of 102 percent.
If you can pipe a child’s name on a birthday cake, you can re-caulk a tub. Use a softener like CAULK-BE-GONE to get rid of the old caulk. Fill the tub with water after you’re done to stretch caulk while it dries.
If your old tub is too large to fit out the door, re-glaze it for a like-new finish. Cost: $300 to $400.
Homes and commercial buildings consume 40% of the energy used in the United States. Of the $2,000 the average American spends paying for energy annually, $200 to $400 could be going to waste from drafts, air leaks around openings, and outdated heating and cooling systems. By reducing these losses through energy efficiency upgrades, you can save money and be more comfortable in your home or business.
Source: Atlanta Business Journal (Phil W. Hudson)
October saw a significant drop in home sales from September, typical of fall months.
The Atlanta Realtors (ARA) released its October 2016 Market Brief, compiled by First Multiple Listing Service (FMLS), and found October residential sales were at 4,105, a decrease of 0.2 percent from the previous year and a 15.4 percent drop from last month.
Source: www.homeminders.com/articles (Hector Seda)
How important is preventive maintenance? Preventive maintenance can mean the difference between maintaining the value in your home or depleting the equity you might have gained; keeping hard earned cash in your pocket, or throwing it into the wind.