How to Walk through a Potential Home

Author: Martin Lukac
Source: download

When you have found the perfect home for your family, you should give it a thorough walk through.
While your walk through is in no means a substitute for a professional inspection, you can see if things are to your liking. As a potential buyer, you have the right to check out the heating, cooling, plumbing, electricity and water heater.
You should do this to make sure that you are getting what you are about to pay for. For example, on one home purchase, we didn’t turn on all the light switches each time we walked through the house, or we would have noticed that 50% of them have shorts in them. If you wiggle them just right, they will stay on for a while. That must be why the seller had all the lights on when we walked through.
There’s a lot you need to know about the home you are about to own. There are many different parts that make your life comfortable.
Go through the home from end to end and top to bottom. You might want to carry a notepad, pen and checklist with you. Make notes so that you remember what you see. Do this at least twice, both inside and outside. Sometimes we often are blown away by our dream house, and don’t look very closely at a property.
Make sure you go into the basement and attic. There are a lot of working parts in these areas. Make sure that you check the heat, air, water and power.
When it comes to electricity, start with the load center and look at the fuses or circuit breakers. You are looking for age and signs of wear or exposed wires. Make sure there are enough outlets throughout the home and that all light fixtures work.
Check the water pipes and sewer lines for any rusting or leaking. Check the water pressure and volume. Look for clogged drains or dripping faucets. Make sure the hot water comes fairly quickly. Check the water heater for any leakage or rust. Check the capacity, age and general condition.
Look to see what type of heating system the home has. Determine the age and condition. Go ahead and turn it on and see if it works properly.
If the home has air conditioning, turn it on and check it out as well.
Go through the basement looking for any signs of water, dampness, flooding, dry rot or termites. The attic should also be checked for signs of leakage and any rodent or insect issues. Make sure that it is adequately insulated.
Look in the bottoms of closets, along the walls and don’t forget to look up at the ceiling. You can be surprised at what you find. We were once told that a home had a minor water issue when a pipe busted. All throughout the home, we found water marks on all of the walls. Apparently the minor water problem was a entire flooding of the home. We didn’t see this at first, only upon closer inspection.
It is hard to buy a home. It is easy to fall in love and become blind to all the little things. But the little things can cost you a lot of money. Make sure you walk through and really look at the home. And don’t forget to have a professional do so as well.
Martin Lukac represents http://www.RateEmpire.com and http://www.1AmericanFinancial.com, a finance web-company specializing in real estate and mortgage rates. We specialize in daily updates, mortgage news, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies!

17 Sure Fire Tips for a Successful Open House

Author: Andrew Lo
Source: articleage.com

The Sunday open house is a longstanding ritual in the real estate market, and many a home has been sold on a lazy Sunday afternoon. When used properly, the Sunday open house can be a great marketing tool.
The following steps will help you get the most out of your open house and increase your chances of selling your home for the price you want.

Be sure to meet with your agent in advance of the open house. Discuss all the various details about what is involved in an open house. While many home sellers are comfortable with an open house, others are not. If you choose not to host an open house, there are other ways to sell your home.
Be sure to consider unusual ways to market your open house. For instance,if you belong to any special groups or organizations, be sure to market the upcoming open house to the members. For instance, the local garden club may be very interested in attending an open house that includes a beautiful outdoor garden.
The day before the open house, be certain to go through the entire home with the real estate agent. Take careful notes and follow all of his or her recommendations.
Try not to become emotionally involved when evaluating the condition of your home prior to the open house. Remember that your real estate agent is trying to make your home more appealing to potential buyers, not criticizing your decorating style or choice of accessories.
Any needed home repairs should be completed before the open house begins. This includes things like peeling paint, loose stairs, banisters in need of repair and the like. It is important that guests see a home that is in immaculate condition.
Ask the real estate agent to create a professional looking sign in sheet for all visitors. It is important to get the name and phone number of all attendees to the open house.
Always discuss the price of the home prior to the open house. This will allow the agent to negotiate the price on the spot if a good prospect attends the open house.
The owner of the property should keep as low a profile as possible during the open house. If using an agent, it is important to let him or her take care of the open house.
It is a good idea to provide cookies, brownies or other snacks for guests at the open house. A punch bowl is also an attractive addition.
Pets should be kept away from open house visitors. It may be a good idea to have a friend or family member takes care of your pets until the open house is over.
Don’t take any chances when it comes to medicines and money. Be sure to lock up all medications, both prescription and non-prescription. Also be sure to lock up any cash or valuables in the home prior to the open house.
Never underestimate the importance of making a good first impression. Many visitors make a decision about the home in the first few seconds. Be sure the entranceway to the home is immaculate, and that the steps leading up to the home are well swept and free of debris.
Make sure that the home is spotless and free of unpleasant odors prior to the open house. You may want to bake a fresh batch of cookies an hour or two before the open house begins. Not only will the aroma mask any unpleasant smells, but it will create a warm and inviting ambiance as well.
Be sure the temperature in the home is pleasant. A home that is too hot or too cold can make visitors uncomfortable, and lead them to wonder about the quality of the heating and air conditioning system.
Play soft music in the background during the open house. Background music helps set a good mood for your visitors.
Always open the curtains and the drapes prior to the open house. This will allow fresh air and sunshine in and help give the impression of a larger space.
If your home does not have plants, you may want to buy a few before the open house. Plants can provide a warm feel and help make guests at the open house feel more at home.

If you follow the steps outlined above, chances are your open house will be a big success. Even if the home is not sold at the open house the contacts gained and the word of mouth exposure may well result in a sale.
Andrew is the web owner of Home Selling Tips: Sell House By Owner, a website that provides informational guide on home selling and buying, mortgage loan, foreclosure, real estate investment and more. You can visit his website at: http://www.buy-and-sell-house-fast.com/

Good Tenants – Learn Twelve Ways Landlords Keep Them

Author: D. Maurice
Source: articleage.com

Happy, Long-term Good Tenants Paying On Time

How to Create a Win-Win Relationship for the Both of You!

After you’ve found your tenants, how do you keep them? Establish a friendly, pleasant, business-like relationship with your tenants, so they’ll want to renew again each year. By using one or a few ideas below, you will learn how to keep good tenants. The following are some suggestions that apply to residential landlords, landladies, and property managers.
1. Move-in Gifts

Move-in gifts are a nice way to welcome your new tenants. Place these gifts in the apartment with a red bow on them before the tenant moves in. A (plumber’s) plunger and a garbage disposal wrench, known as an Allen wrench, can work wonders for your tenants. Simple idea, right? These small, practical gift items will come in handy when the plumbing backs up or the garbage disposal stops working. Often overlooked, these items are not something people think of, but these move-in gifts will save you time and money with fewer maintenance trips.
2. Welcoming Gifts

A welcome gift establishes a positive relationship with your good tenants. Present the gift after the first eight to twelve weeks of tenancy. As always, make sure the tenant(s) rent is current before presenting your welcome gift. This effective gesture shows the good tenant(s) you are a thoughtful landlord. A few examples of some welcome gifts are:

Hanging flower baskets of petunias;
Small potted flowering plants such as pansies; or,
Small fruit baskets from your local grocery store.
Present your gift in person. These inexpensive gifts will surprise your tenant(s). And go along way towards building goodwill. This is also a good time to do a quick “look around” inspection. This way you can determine if the tenant is keeping the apartment clean.
Also, take this opportunity to observe any unauthorized move-ins (e.g., a person or pet.) If there was, then politely address the issue immediately. Mail a written letter of notification acknowledging the unauthorized move-in. A copy of the lease should also be mailed to the tenant. Anyways, you will be able to address concerns while you’re there, creating a win-win relationship.
3. Renewal Gifts

Renewal gifts are small reward items of appreciation you may wish to provide to your tenant(s). A small incentive goes a long way. And you’re creating a positive relationship between yourself and the tenant. Here are the benefits of lease renewal:

You don’t have to advertise for another good tenant;
You don’t have to screen calls;
You don’t have to show the apartment only to wait for no-shows;
You don’t have to build a new relationship with a new tenant; and
You don’t have to educate new tenants about your do’s and don’ts.
Renewable gift suggestions:

A gift certificate to a local restaurant;
A bouquet of fresh cut flowers; or
A special gift certificate from a local supermarket or gardening supply center
These renewable gifts range from $25 to $50. This amount depends on your budget. And, continues to build a positive relationship with your good tenants. Presenting a renewal gift in person demonstrates a caring attitude about your tenant(s).
4. Holidays

Holidays are a great time to acknowledge your good tenant(s). There are a number of holidays to choose from and depending on your time, schedule, and workload this is a personal choice. Generally, a trouble-free idea is to send a non-denominational holiday greeting card, letting your tenant(s) know you’re thinking of them.
Alternatively, such as a week before Thanksgiving, purchase a turkey as a gift, along with one you buy for your own family. This provides the tenant(s) with a nice Thanksgiving meal while saving you time and money. Either way you’re creating another win-win relationship with your good tenants.
5. Emergencies

Communication and some well-established rules are vital. Let your tenants know your property management schedule. For example, calls regarding minor problems, 8:00 a.m. to 8:00 p.m. during the week, excluding Sundays. Educating your tenants early is a necessity for your peace of mind. Following are examples of some real life non-medical emergencies.
It’s 9:00 p.m. on a New England Thursday evening. The winds are strong and it’s snowing lightly. The temperature has reached 30 degrees below zero. The phone rings and our tenants are complaining they have no heat. Quickly, a call is made to the oil company. The oil delivery is made and this remedies the situation. The landlord follows-up to make sure everything is o.k. Our tenants know even with freezing temperatures, we do care and act immediately.
Here’s another example, one of our tenants’ decided to use the laundry facility in one of our empty units. We approved her authorization to do laundry. While she was there, she discovered water spraying from underneath the bathroom sink. Already, two inches of water had accumulated. The bathroom and most of the surrounding kitchen is drenched. She called in a panic. “The water is spewing from underneath the bathroom sink,” she says. I was unsure what to do. I called my best friend, my husband, and he remedied the problem within two hours. The tenant did not have to call about this emergency. She chose to, demonstrating the importance of good, strong relationships with your good tenants.
6. Maintenance

Your property rental maintenance system will increase your real estate value and cash flow. Hence, you will be able to charge a little more rent for the up keep. When you’re scheduling maintenance projects for the year, make a checklist. Your checklist should include preventative maintenance; cosmetic, simple upgrades, and tenant renewals. Below are some simple guidelines for an effective property maintenance system.
Preventative:

Replace the leaky toilet system;
Replace worn out faucets;
Replace a run-down refrigerator;
Replace an unsafe stove;
Replace a leaky roof;
Replace inefficient or a potentially harmful furnace;
Schedule pest control care;
Seal cracks to prevent loss of heat or pest intrusion;
Clean or check the filter in gas heaters;
Check air conditioning unit for efficiency.
Cosmetic:

Cutting, trimming trees, flowers, etc.;
Landscaping – for example, add crushed stone around the building for extra drainage;
Painting – freshen up trim, walls, ceilings, floors, railings, lattices, and so forth;
“Curb appeal;” planting flowers and shrubs, lightly washing the outside of the building.
Upgrades:

Replace old, worn out carpet;
Replace or install new floors;
Add ceiling fan(s) to provide extra comfort during summer months;
Add a microwave.
Renewed tenants:

Repaint walls, moldings, casings, ceilings;
Provide new window screens;
For more ideas, see the long-term tenants of 3 years or more section 10 below.
7. Drive-by or Walk-around Property Inspections

Throughout the winter months, you should drive-by your property every two months. Particularly if you don’t live nearby. Other areas without snowy winters may require more or less property attention. During your drive-bys or walk-around inspections, look for obstructions on the front porch, on the deck or the entranceway.
And depending on your geographic location, pay attention to the condition of the property’s lawn, flowers, and shrubs. In the spring, summer and fall a monthly drive-by or walk-around is sufficient. Below is a list of items to check:

Bees nest – If it’s small and you know you can remove it safely then do so. The best time to remove a bee’s nest is in the morning. It’s cold and the bees are not flying in and out as much. If you’re unsure ask the person at the local hardware store for help. Pick up a can of bee spray eradicator while you’re there. However, a professional pest control company is the easiest solution to remove the nest safely.
Clutter on the front and back porches or decks;
Water to the outside hose is turned off;
Lawn is mowed;
Do you need to paint the exterior of the house, steps, fire escape, garage, etc.?
Do you need to tar or replace the drive way or roof?
Observe any illegal or excessive activity by the tenants. Are people going in and out of the property to frequently?
If the tenant happens to be outside ask if they have any concerns or requests.
8. Walk through Inspections

Property inspections are a positive way to build strong relationships with your good tenants. Tenants who call with small problems are often viewed as pesky tenants. However, inspections performed quarterly or bi-annually will likely make your tenants more comfortable. Good tenants prefer telling you their maintenance problems in person rather than over the phone. You can also correct most tenant problems immediately.
9. Death in the Family

Acknowledging a good tenants loss is a courteous and warm gesture. Send the tenant(s) a sympathy card, a bouquet of flowers, or a catered platter of food. This goes a long way towards building a long-lasting relationship with your tenant(s).
10. Long-term Tenants of Three Years or More
If you have developed a positive, respectful relationship with your tenant and they renew their lease, than consider their renewal a job well done on your part. Tenants who renew and have been in good standing with you over the last few years will appreciate some updated interior features. Below are a few ideas to make your tenant feel good while increasing your property’s value at the same time.

Install new carpeting;
Paint walls, casings, or ceilings;
Add a used dishwasher or replace the existing one;
Add a paper towel holder;
Add a garbage disposal or replace the existing one;
Provide new screens;
Provide new light fixtures;
Provide a new medicine cabinet; or
Provide a new toilet seat.
11. Good Tenants Recommending Other Possible Tenants

Good tenants will gladly recommend other tenants because the new tenants will become their neighbors. Besides, your property is the tenant’s home and they are more apt to suggest helpful, pleasant, compatible neighbors. In addition, establishing a finder’s fee program is an excellent incentive to encourage your tenants to introduce you to responsible, prospective renters allowing you to minimize your advertising costs and the hassles related to finding new renters, while potentially signing on another good tenant.
Certainly, any finder’s fee program should be in writing, and possibly reviewed by your attorney, so that both the landlord and tenant understand how the program works, specifically how and when fees are to be paid. Retaining good tenants could create an endless pipeline of prospective tenants for you by your tenant’s word of mouth rather than employing traditional, cost-prohibitive methods.
One warning: The same due diligence should be followed with any tenants referred to you by tenants presently renting from you so that you don’t run into problems later on.
12. Provide your good tenant(s) an Information For Your Apartment Form

The Information For Your Apartment Form is important when you or your property manager cannot be reached. Below is a list of subjects the form should include:

Window areas;

Appliances;

Heat;

Air conditioning unit;

Security;

Plumbing;

Electrical;

Floors;

Rubbish;

Walls and ceilings;

Miscellaneous;

Emergency phone numbers;

Contact manager information.

You can view, the complete form at http://www.my-real-estate-software.com/apartment.html, so you can keep your good tenants happy and prevent those annoying middle of the night phone calls!
As you begin to integrate these suggestions into the management of your property or properties, you’ll learn how to keep good tenants. When you respect, train, and show some generosity you will create a win-win relationship for the both of you that can last over twenty years or more. Good luck and happy managing!
Article by D. Maurice. D. Maurice is the Webmaster of real estate software, my-real-estate-software.com, a resource of Professional real estate Software for the Property Rental Manager, Landlord, Investor, Realtor. Real estate software used to Acquire It, Manage It, Market It, and Maximize PROFITS! Please visit her site for more free tips and software used to build your real estate portfolio.

17 Sure Fire Tips for a Successful Open House

Author: Andrew L
Source: articleage.com

The Sunday open house is a longstanding ritual in the real
estate market, and many a home has been sold on a lazy Sunday
afternoon. When used properly, the Sunday open house can be a
great marketing tool.

The following steps will help you get the most out of your open
house and increase your chances of selling your home for the
price you want.

* Be sure to meet with your agent in advance of the open house.
Discuss all the various details about what is involved in an
open house. While many home sellers are comfortable with an open
house, others are not. If you choose not to host an open house,
there are other ways to sell your home.

* Be sure to consider unusual ways to market your open house.
For instance,if you belong to any special groups or
organizations, be sure to market the upcoming open house to the
members. For instance, the local garden club may be very
interested in attending an open house that includes a beautiful
outdoor garden.

* The day before the open house, be certain to go through the
entire home with the real estate agent. Take careful notes and
follow all of his or her recommendations.

* Try not to become emotionally involved when evaluating the
condition of your home prior to the open house. Remember that
your real estate agent is trying to make your home more
appealing to potential buyers, not criticizing your decorating
style or choice of accessories.

* Any needed home repairs should be completed before the open
house begins. This includes things like peeling paint, loose
stairs, banisters in need of repair and the like. It is
important that guests see a home that is in immaculate condition.

* Ask the real estate agent to create a professional looking
sign in sheet for all visitors. It is important to get the name
and phone number of all attendees to the open house.

* Always discuss the price of the home prior to the open house.
This will allow the agent to negotiate the price on the spot if
a good prospect attends the open house.

* The owner of the property should keep as low a profile as
possible during the open house. If using an agent, it is
important to let him or her take care of the open house.

* It is a good idea to provide cookies, brownies or other snacks
for guests at the open house. A punch bowl is also an attractive
addition.

* Pets should be kept away from open house visitors. It may be a
good idea to have a friend or family member takes care of your
pets until the open house is over.

* Don’t take any chances when it comes to medicines and money.
Be sure to lock up all medications, both prescription and
non-prescription. Also be sure to lock up any cash or valuables
in the home prior to the open house.

* Never underestimate the importance of making a good first
impression. Many visitors make a decision about the home in the
first few seconds. Be sure the entranceway to the home is
immaculate, and that the steps leading up to the home are well
swept and free of debris.

* Make sure that the home is spotless and free of unpleasant
odors prior to the open house. You may want to bake a fresh
batch of cookies an hour or two before the open house begins.
Not only will the aroma mask any unpleasant smells, but it will
create a warm and inviting ambiance as well.

* Be sure the temperature in the home is pleasant. A home that
is too hot or too cold can make visitors uncomfortable, and lead
them to wonder about the quality of the heating and air
conditioning system.

* Play soft music in the background during the open house.
Background music helps set a good mood for your visitors.

* Always open the curtains and the drapes prior to the open
house. This will allow fresh air and sunshine in and help give
the impression of a larger space.

* If your home does not have plants, you may want to buy a few
before the open house. Plants can provide a warm feel and help
make guests at the open house feel more at home.

If you follow the steps outlined above, chances are your open
house will be a big success. Even if the home is not sold at the
open house the contacts gained and the word of mouth exposure
may well result in a sale.

Home Inspections – Before Signing the Contract

Author: Richard A. Lorenc
Source: articleage.com

Home Inspections – Resale Homes

The purchase of a home is for most people, the single largest
financial transaction they will make in their lifetime. When
purchasing a resale home, the home inspection process is vitally
important. Done thoroughly, it will identify items typically
deemed cosmetic, minor issues and potentially major problems
that should be considered before going forward with a purchase.

First and foremost, the time to fully consider home inspection
on a resale home purchase is before signing a sales and purchase
contract for the home. Whether using a licensed realtor or
purchasing directly from an owner, a written contract is
normally required. Within the contract, there is usually a
section specifically devoted to home inspection, financial
limits established in either absolute dollar terms or as a
percentage of purchase price. While printed and seemingly fixed,
they are subject to negotiation via an amendment to the
contract. They are meant to protect both the buyer and seller.
The buyer wishes to protect themselves from costly repairs and
the seller wishes to protect themselves from buyers requesting
repairs or replacements without regard to cost.

Once you have found the home of your dreams and before sitting
down to write a contract, do your own personal inspection
preferably with the help of your realtor and without the owner
present if possible. Set aside 30 to 60 minutes to walk through
the house and bring a notepad. Inspecting a vacant house is far
easier and quicker than a fully furnished home crammed with
belongings.

What to look for? Firstly bring your critical eye and if not
part of your nature, try to arrange someone to accompany you
that do have an eye for quality and faults. First time home
buyers are typically at a disadvantage as they just don’t know
where to even start or may minimize the magnitude of home
construction problems. Prideful, they may not want to ask their
parents for help or anyone else. However putting pride aside may
help avoid a very costly mistake downstream!

The kitchen…check for leaks under the sink; look at the
caulking around the sink and back splash; check all cabinet
doors and drawers for alignment/damage; open the dishwasher and
check for leaks and general condition; open the refrigerator and
check for general condition; check kitchen windows for fogging
and check window screens for tears or misalignment; check
flooring for broken tiles and/or cracked vinyl.

The bathrooms…check for leaks under sinks; check for caulking
around sink and back splash; check the shower/tub tile grouting
for cracks and broken tiles; check floor for cracked tiles or
lifted vinyl; check exhaust fans for excessive noise;

Other rooms…check the condition of the carpeting or flooring
looking for stains and/or damage; check for windows for fogging
and screens needing repair/replacement; check the walls for nail
pops and/or damage. Check the condition of fireplaces and wood
stoves.

Heating/Air Conditioning…check the vents in each room for any
condensation stains, check the general condition and age of the
furnace or heat pump equipment inside and outside units; check
the general condition and age of the hot water heater.

Exterior…check the age and general condition of the roof tiles
or shingles looking for damage or material breakdown; check the
condition of eaves and overhangs; check the condition of rain
spouts and gutters; check the condition of exterior walls for
cracks in stucco, damage to vinyl siding or siding
irregularities; check for any broken windows or screen damage;
check sliding glass doors and screens for damage; check
condition of driveway for cracks; check condition of sidewalks
for cracks;

Landscape…check general condition of lawn/sod; check for
presence of lawn irrigation system; check trees for general
health; check fencing for needed repairs; check for any drainage
problems; check for overgrown landscaping; tree overhangs etc.

Having done your “homework” now what? Armed with your notes, you
can sit down with your realtor and consider your cursory
findings and make a determination of the severity of what has
been found and approximate the cost to repair and/or replace
deficient items. While the homebuyer may lack experience to make
an estimate, when working with a seasoned realtor, they will or
will know where to go to get the answer.

The next step will be to divide your list into cosmetic and low
cost to repair items generally under $200; more costly
repairs/replacements generally over $500 and major
repairs/replacements generally over $1,000. With these
estimates, you can now consider what you want the seller to
repair and/or replace and place an amount into the contract for
repairs/replacement. Within an addendum, you can specify items
to be repaired/replaced both within the estimate and/or as part
of the purchase price.

Your realtor can now incorporate the repair items/costs into the
contract to be presented to the seller to accept, counter-offer
or decline. The contract should already have a home inspection
clause with provisions for a professional home inspection and
causes of action depending on the home inspection report. The
contract should also incorporate a clause that allows for
voiding the contract if the home inspection findings are
unacceptable to the buyer or the seller is unwilling or unable
to make necessary repairs or replacements. Once a contract is
accepted, then obtaining a home inspection by a reputable
inspector or Professional Engineer is the next step. Once the
report is received from the Home Inspector, findings will be
provided to the seller along with a written request for items
requiring repairs/replacement. Remember, at this stage, the
outcome will be determined by the wording and provisions already
incorporated in the contract.

VA Home Improvement Loans

Author: Quin Linich
Source: ezinearticles.com

Did you know that aside from buying or building a new home, veterans can actually use VA loans for home improvements? Everybody knows that updating a home can cost a lot of money but if you’re a veteran who is eligible for a VA loan can borrow as much as 90% of your home equity and use it for home improvements. This is something a veteran should take advantage of because of the VA loan’s advantages. But just like a typical VA loan application, one has to submit the necessary requirements and prove eligibility.

So why should you consider a home improvement?

For one, it increases your home equity. Of course it also adds comfort and value to your home. Now what types of home improvement projects can you work on? Here’s a quick checklist of what you can do.

• Roof Repairs – This is probably one of the best ways to use your VA loan since large improvements like roof repairs cost a lot of money. Installation of shingles or replacement of old ones cost somewhere from $2-$4 per square foot while flashing around the chimney costs about $300-$500.

• Flooring repairs – Another great way to spend your VA home improvement loan is by installing or repairing your home’s flooring. With your loan you can have your floors sanded and finished or you can install a ceramic or vinyl floor or install a wall-to-wall carpet. The costs usually range from $1.50 to as much as $22 per square foot for the services mentioned above.

• Heating and Air Conditioning installations – Replacing the heating and air conditioning system costs somewhere from $1,500 to $4000 but if you are only going to install a humidifier or an air cleaner, it’s priced at $300-$700.

• Bathroom remodeling – Statistics show that bathroom remodeling adds more value to a home. A typical bathroom remodeling ranges from $7,000 to as much as $16,000. Why is it so expensive? Though the bathroom is not the biggest room in the house, when it comes to renovation you have to call different people to remodel it – plumbers, electricians, tile contractors, sheet rock contractors, etc.

• Kitchen remodeling – Based on annual realtor group polls, it was found that kitchen remodeling adds the most value to your home. (Yes, it beats the bathroom remodeling numbers.) This type of remodeling starts from $8,000. You can update your countertops, the sink, cabinets, range, oven, the dishwasher, fridge, and microwave.

It is still more cost-efficient to repair and update your home than move into a new one. Better get started and apply for a VA home loan so you can enjoy the benefits of a newly improved home.

http://nobsvaloans.com/2009/08/va-home-improvement-loans/

Maui Real Estate: Don’t Get Left in the Dark

Author: Volker Weiss
Source: articlemarketer.com

July 1st marked a big day for Realtors and potential real estate buyers as the Hawaii House Bill 1468 rolled into effect. The Legislature was passed in May of 2009, but took a couple of months to become fully effective. The law has a provision that states;

“Prior to the sale of residential real property, the property owner shall make a good faith declaration of electricity cost based on the most recent three-month period in which the property was occupied prior to the date of the seller’s disclosure, pursuant to chapter 508D. This declaration shall only apply where the owner directly pays the electrical utility bills, and shall not apply in the case of a foreclosure of residential real property or where there are no electrical utility accounts associated with the property.”

The Basics

All legal mumbo-jumbo aside, the bill basically states that sellers are now required to give a good estimate of what their last three months of electric bills were. The new bill could cause some frustration for sellers, once the buyers see just how expensive it is to live on the islands. But there are numerous reasons why this bill is coming into play at just the right time.

One of the biggest reasons that caused scrutiny over many lending agencies is that the loans were allowing people into homes based on the maximum they could afford. Doesn’t make any sense? Sure it does. If you could only spend $3,000 a month for your house, based on your income calculations, you would most likely get pre-approved for that amount. Ultimately, you would also probably max out that monthly limit, getting the best bang for your buck when deciding on your new home.

How to Use the Bill

Here is where the finances come into play. The bank said you could afford $3,000 a month, but they didn’t tell you that had to include water, electricity, upkeep, etc. So you have now spent the full amount on your mortgage without leaving room for additional necessities, like Air Conditioning and water. The new house bill allows homebuyers to judge if they will be able to afford, not only the house, but also the utilities that come with it. Here are three things to keep in mind when utilizing the new bill:

Usage – Everyone has different ideas of comfort. Some like to leave the air conditioning off and keep the windows open during a nice day, while others keep the air set at a frosty 68 degrees all summer long. There are also some who will turn every light on in the house while others walk behind them turning all the lights off as they leave the room. Since there will be differences in usage, do not take the amount as a solid figure.

Budgeting – Using the information provided from the seller, by way of the house bill, and keeping in mind that individual usage will vary, the buyer can still get a good estimate of what they need to set aside in terms of money for utilities. It would be a great idea at closing, and even before if possible, to ask the seller some basic questions about their electricity usage style to get an even better idea.

Goal setting – Face it, everything is going green these days and eventually, your electrical resources will be headed that way as well. Use the information gathered from the previous three months of electrical bills to start setting some goals to reduce the cost. Research and try different methods that can help reduce electrical costs, such as changing out your light bulbs or planting trees to help with shade. There are numerous things that can be done to reduce the cost of electrical utilities.

Instead of looking at the bill as just another law that has to be passed, look at the positive aspects such as being a large part in reducing your carbon footprint while at the same time keeping a firm grasp on your financial goals.

The Hawaii House Bill is part of a larger legislation, which is looking to increase the production and use of renewable energy on the Hawaiian Islands. As such, it is important to keep a grasp and firm understanding on the expenses of electricity as a consumable resource. No matter which beautiful house you decide to buy or invest in, there are always ways to improve it for future tenants or others on the island. See how much of a difference you can make between the purchase and sale of your Hawaiian home.

Volker Weiss – Maui Realtor(R/S) specialist focusing on Maui’s highly sought after southern resort & beach areas of Wailea and Makena. Start with an online journey to http://www.VWonMaui.com and for immediate help call: VW Real Estate – 2525 Omiko Place, Kihei, HI 96753 – (888) 572-6888

Clean Your Wallet

Author: Bill Loughborough
Source: articlesbase.com

Warm weather allows you and your family to complete certain chores and participate in seasonal activities. Throughout your neighborhood, you may see people planting gardens, washing cars, and children playing in backyards. Below are some debt settlement money-saving tips that may help cool your wallet as the temperature heats up. ÂSave Money On Your Air ConditionerÂYou may want to prepare your air conditioning unit for hot and humid days. For example, keep all objects away from the air conditioning unit. Make it a habit to routinely remove grass and leaves from vents. These items will block airflow. For more tips, visit the Department of Energy’s web site at www.energy.gov. ÂConsider Inexpensive Ways To Have Family FunÂSome families plan vacations during the spring and summer seasons and these excursions can be costly. Just because an elaborate vacation is not in your budget does not mean that you can’t have fun. Discover the many activities that you can enjoy in your local community. Most libraries offer summer reading programs for children and adults. You can also rent movies at the library for free. Call your local zoos, museums, and amusement parks to see if they offer discounted rates on certain days or during specific times of the day.ÂSpring Clean Your VehicleÂExtreme temperatures may be difficult for your car to handle. Routine maintenance on your vehicle may help its performance and improve gas mileage. For example, have an oil change performed regularly and keep your tires properly inflated. Visit the Car Council’s educational web site at www.carcare.org for more auto maintenance tips. Also, keep in mind that gas prices tend to skyrocket during the warmer months. Web sites such as www.gaspricewatch.com and www.gasbuddy.com track gas prices in your area and are updated by local volunteers. You can also save on gasoline by carpooling. Visit www.erideshare.com to search for local commuters that are going the same way you are or you may post your own listing.ÂSell Items That You No Longer UseÂDuring the spring season, some people shed all of their unwanted and unused items. Ebay is the largest online auction site and a good source to sell items that you no longer use. Visit their web site for more details on how to begin selling. You can also try your local Craigslist site to place an online classified ad for free to people in your area. Also consider placing ads in your local newspaper, host a garage sale, or check with the recreation department in your local community to see if there are any neighborhood flea market days. You may be able to reserve a table.ÂSave Money On Home ImprovementsÂMany people perform home improvements in the spring and summer months. Although you may have to hire a professional for some complicated projects, you may be able to tackle some tasks yourself. A wealth of informational resources exist to teach you how to do home improvement jobs such as cleaning your gutters, painting, and installing a ceiling fan. Visit your local bookstore or library to find a comprehensive guide on do-it-yourself home improvements.ÂThe Internet and television are also great sources. DIY Network brings you such cable shows as “DIY to the Rescue” and “DIY Be Your Own Contractor.” You can also visit their information-packed web site located at www.diynet.com. This site features a wide array of do-it-yourself projects, with topics that range from home improvements to decorating.ÂHome Depot also offers free Do-It-Herself Workshops, Weekly Clinics, and Kids Workshops. Visit www.homedepotclinics.com to register at a Home Depot near you.ÂÂ

Bill Loughborough is Founder and President of Credit Answers, one of the best debt settlement companies in America. Credit Answers specializes in debt management, credit card debt settlement, debt negotiation and avoiding bankruptcy. Credit Answers team of experts work to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money in people’s lives and also the accompanied strain that debt can cause. Our team has helped thousands of clients across the nation.

Bill started Credit Answers in 2006 and has built it into one of the leading debt settlement / debt relief companies in the U.S. At Credit Answers we encourage our customers to Live Better Debt Free.

For More information please visit: www.creditanswers.com

Lower Your Bills While “keeping Your Cool”

Author: Trevor Russell
Source: articledashboard.com

As utilities throughout the U.S. propose rate increases of as much as 70 percent, many homeowners are looking for ways to lower their energy bills. Simple steps such as home sealing can lower a home’s heating and cooling costs by up to 20 percent, saving homeowners hundreds of dollars.

“Having an energy-efficient home is just as important in the summer as it is in the winter. Home sealing is a simple way to keep cool air in, stay comfortable, and reduce energy bills,” says Steve Baden, Executive Director of the Residential Energy Services Network, a non-profit energy efficiency organization. “One of the first steps homeowners should consider is properly sealing the home. Air leaking through gaps and cracks can add up to as much airflow as an open window, and an air conditioner is one of the largest summer energy expenditures.”

Sealing the home with silicone sealants limits the costly escape of cool air from air-conditioned environments. A typical home can be sealed with four tubes of GE Silicone II, meaning that $20 could save a homeowner hundreds of dollars in energy costs.

GE offers a variety of silicone and acrylic home sealing solutions that can help a homeowner have a tighter, more energy efficient home. Jeff Davis, General Manager of GE Sealants & Adhesives, recommends a premium silicone sealant for summer home sealing.

“Silicone sealants provide homes with an air and water-tight seal that creates the highest level of efficiency and protection against the elements,” says Davis. “And because of its unmatched durability and adhesion, homeowners only have to seal a home once with silicone.”

Save money this summer

Author: saurabh kanwar
Source: articlesbase.com

During summer we are pretty worried about the soaring bills of air conditioners which may run day and night to save us from scorching heat. The bills can play havoc with the budget plan, if the figures keep on ascending. However, such a situation may be avoided by judicious usage of air conditioners, shading homes, drying clothes outside, using solar energy, gardening etc. You may follow mentioned money management tips in summer season : Air conditioners: You can properly shade your home as research says proper shading helps to reduce 30%-32% of air conditioning costs. Moreover in summers you can adjust the vents upwards as ‘cold air’ is heavier than normal air. You should clean the filters on regular intervals (once a month). Following these simple tips can help you to increase the efficiency of air conditioners and save some extra money. Gardening: Summer season is favorable for planting fruits and vegetables. Growing fruits and vegetables will help you to save money on buying from shops. Moreover it will help in keeping a cool climate around your home. Solar energy: You can save money by using solar panels to run your electrical appliances. Dry your clothes outside: If you have an open space outside your house, then dry your clothes outside. This will not only help you to dry your clothes, but also help in eliminating your laundry bills. There are certain minute things which if given due importance can make wonders and help you to save extra money. We can accentuate on various such alternatives which will help us in minimizing our monthly expenses. These simple tips may reduce your bills and help you to save some extra money, which may be used for a lovely summer vacation with your family!

Synonym to the age old saying “A stitch in time saves nine”, manageME 7 makes people proactive in judicially keeping a track on their day to day income and expenditures! For further information visit our website to Personal Accounting Software and Personal Finance Software