Tuesday, November 23, 2010

Cold Weather Is Coming...10 Ways To Winterize Your Home - Now

Cold weather is coming to Jonesboro and northeast Arkansas this week, so if you haven't winterized your home, now is the time.  You'll get a season's worth of savings and peace of mind by taking a few steps to get your home ready for cold weather.

My husband, Bryan, has been in residential and commercial construction all his adult life and is the one who winterizes our home each year.  So I asked him what all he does to make our home winter safe and efficient.  I also looked online for further information.  Here is the to-do list:
 
1)  Clean out those gutters
Once the leaves fall, remove them and other debris from your home's gutters -- by hand, by scraper or spatula, and finally by a good hose rinse -- so that winter's rain and melting snow can drain. Clogged drains can form ice dams, in which water backs up, freezes and causes water to seep into the house.

As you're hosing out your gutters, look for leaks and misaligned pipes. Also, make sure the downspouts are carrying water away from the house's foundation, where it could cause flooding or other water damage.

2) Block those leaks 
One of the best ways to winterize your home is to simply block obvious leaks around your house, both inside and out.  I looked online about this and the average American home has leaks that amount to a nine-square-foot hole in the wall, according to EarthWorks Group. Wow, that's a lot of leakage!

First, find the leaks: On a breezy day, walk around inside holding a lit incense stick to the most common drafty areas: recessed lighting, window and door frames, electrical outlets.

Then, buy door sweeps to close spaces under exterior doors, and caulk or apply tacky rope caulk to those drafty spots, says Danny Lipford, host of the nationally syndicated TV show "Today's Homeowner." Outlet gaskets can easily be installed in electrical outlets that share a home's outer walls, where cold air often enters.

Outside, seal leaks with weather-resistant caulk. Also look for weathered caulk (cracked or pulled away from surfaces) and re-caulk if needed.  For brick areas, use masonry sealer, which will better stand up to freezing and thawing.  My husband, Bryan, says "Even if it's a small crack, it's worth sealing up,"  It also discourages any insects from entering your home which makes me agree, "seal it up!"

3)  Insulate Yourself
Everytime it has snowed during our 23 years of  marriage, Bryan has always pointed out to me how you can tell if a home is well insulated.  The longer the snow stays on your roof, the better your home is insulated.  Our roof is always the last one in the neighborhood to have snow on it.  According to Bryan, that means our home is well insulated.  So another thing that does cost a little money -- but boy, you do get the money back quick -- is adding insulation to the existing insulation in the attic.  According to experts, you need a minimum of 12 inches of insulation in your attic.

Again, looked this topic up online and found that you shouldn't clutter your brain with R-values or measuring tape, though.  According to Danny Lipford, host of the nationally syndicated TV show "Today's Homeowner, a rule of thumb on whether you need to add insulation: "If you go into the attic and you can see the ceiling joists you know you don't have enough, because a ceiling joist is at most 10 or 11 inches."

A related tip: If you're layering insulation atop other insulation, don't use the kind that has "kraft face" finish (i.e., a paper backing). It acts as a vapor barrier, Lipford explains, and therefore can cause moisture problems in the insulation.

4)  Heat Maintenance
First, if you have a furnace turn it on to make sure it's even working, before the coldest weather begins. A strong, odd, short-lasting smell is natural when first firing up the furnace; simply open windows to dissipate it. But according to what I have read, if the smell lasts a long time, shut down the furnace and call a professional.

Whether you have a furnace or a central electric unit, throughout the winter you should change the filters regularly (check them monthly).  According to experts, a dirty filter impedes air flow, reduces efficiency and could even cause a fire in an extreme case. Toss out the dirty fiberglass filters; reusable electrostatic or electronic filters can be washed.

According to our heat and air professional, if you have a heat pump, turn to emergency heat when the temperature is 36 or below to avoid the coils on your outside unit from freezing.  If your coils freezes up, your unit will run continuously.

5)  Get your ducts in a row
According to the U.S. Department of Energy, a home with central heating can lose up to 60% of its heated air before that air reaches the vents if ductwork is not well-connected and insulated, or if it must travel through unheated spaces. That's a huge amount of wasted money, not to mention a chilly house.

Ducts aren't always easy to see, but you can often find them exposed in the attic, the basement and crawlspaces. Repair places where pipes are pinched, which impedes flow of heated air to the house, and fix gaps with a metal-backed tape (duct tape actually doesn't stand up to the job over time).
 
Ducts also should be vacuumed once every few years, to clean out the abundant dust, animal hair and other gunk that can gather in them and cause respiratory problems.
 
6)  Face your windows
Now, of course, is the time to take down the window screens and put up storm windows, which provide an extra layer of protection and warmth for the home. Storm windows are particularly helpful if you have old, single-pane glass windows. But if you don't have storm windows, and your windows are leaky or drafty, "They need to be updated to a more efficient window," says Lipford.

Of course, windows are pricey. Budget to replace them a few at a time, and in the meantime, buy a window insulator kit, Lipford recommends. Basically, the kit is plastic sheeting that's affixed to a window’s interior with double-stick tape. A hair dryer is then used to shrink-wrap the sheeting onto the window. (It can be removed in the spring.) "It's temporary and it's not pretty, but it's inexpensive (about $4 a window) and it's extremely effective," says Lipford.

7)  Don't forget the chimney
Don't put off your chimney needs before using your fireplace, according to Ashley Eldridge, director of education for the Chimney Safety Institute of America.

Eldridge advises. "A common myth is that a chimney needs to be swept every year," says Eldridge. Not true. But a chimney should at least be inspected before use each year, he adds. "I've seen tennis balls and ducks in chimneys," he says.

Ask for a Level 1 inspection, in which the professional examines the readily accessible portions of the chimney, Eldridge says. "Most certified chimney sweeps include a Level 1 service with a sweep," he adds.

Woodstoves are a different beast, however, cautions Eldridge. They should be swept more than once a year. A general rule of thumb is that a cleaning should be performed for every ¼ inch of creosote, "anywhere that it's found." Why? "If it's ash, then it's primarily lye -- the same stuff that was once used to make soap, and it's very acidic." It can cause mortar and the metal damper to rot, Eldridge says.

Another tip: Buy a protective cap for your chimney, with a screen, advises Eldridge. "It's probably the single easiest protection" because it keeps out foreign objects (birds, tennis balls) as well as rain that can mix with the ash and eat away at the fireplace's walls. He advises buying based on durability, not appearance.

One other reminder: To keep out cold air, fireplace owners should keep their chimney's damper closed when the fireplace isn't in use. And for the same reason, woodstove owners should have glass doors on their stoves, and keep them closed when the stove isn't in use.

8)  Reverse that fan
Reversing your ceiling fan is a small tip that people don't often think of.  By reversing its direction from the summer operation, the fan will push warm air downward and force it to recirculate, keeping you more comfortable.  I can never remember which way the blades should be turning in summer and then in winter.  Here's how you know the fan is ready for winter: As you look up, the blades should be turning clockwise.


9)  Wrap those pipes
A burst pipe caused by a winter freeze is a nightmare. Prevent it before Jack Frost sets his grip: Before freezing nights hit, install exterior insulated spigot covers from Home Depot or Lowes.

Next, go looking for other pipes that aren't insulated, or that pass through unheated spaces -- pipes that run through crawlspaces, basements or garages. Wrap them with pre-molded foam rubber sleeves or fiberglass insulation, available at hardware stores. If you're really worried about a pipe freezing, you can first wrap it with heating tape, which is basically an electrical cord that emits heat.

10)  Finally, check those alarms
This is a great time to check the operation -- and change the batteries -- on your home's smoke detectors. Detectors should be replaced every 10 years, fire officials say. Test them -- older ones in particular -- with a small bit of actual smoke, and not just by pressing the "test" button. Check to see that your fire extinguisher is still where it should be, and still works.

Also, invest in a carbon-monoxide detector; every home should have at least one.

Hope this helps you stay warm and energy efficient!









Wednesday, November 17, 2010

Cost of Home Ownership - Why Should You Buy a Home Today ...




Yesterday I posted (see below post) about how and why NOW is the time to buy a home.  I wanted to share a video I watched tonight from a Realtor friend in the Dallas/Ft. Worth metroplex who is a leader in his area and respected in the field.   Troy George agrees with so many that NOW is the time to buy and shows you why. 

I Want To Buy But Think I'll Wait...

I am hearing this a lot...I think I will wait to buy a house when the market gets better. Do will you know when the housing market has reached bottom?  The answer is...you will not know the market has reached bottom until it is on its’ way back up.  So in other words, no one can predict the actual “bottom” of any market.  In addition, Jonesboros' market hasn't had the hard blows that much of the country has had.

I can however with certainty tell you that interest rates are at historic lows and there are some great homes in the Jonesboro market that are attractively priced.  

I can also say with certainty that the government wants to stimulate the economy and to do so will start printing money which historically has driven interest rates up.  It is NOW you can get more for your money.  Consider this:  (below information is principal/interest only & based upon a 30 yr loan with 0 down)

Home Price          Home Price                Home Price
 $200,000              $200,000                  $200,000

Interest Rate         Interest Rate               Interest Rate
      4%                       5%                             6%

Payment                Payment                     Payment
  $954                    $1,074                       $1,199

$245. more a month from a 4% to 6% interest rate for a $200,000 home!

Remind you, these low rates are FIXED rates that will not go up.  People have gotten used to today's low historic rates and just do not realize the opportunity.  When I bought my first home in 1989, my interest rate was 9%, a rate common in those days.  When I sold real estate in the early and mid 90's, interest rates fluctuated from 7% - 8.5%.  I am not willing to bet that home prices will go down in Jonesboro but I am willing to bet that interest rates will eventually go up.  Don't believe me?  Look at the following article below.


If HE Says It Is Time To Buy A Home, BUY A HOME! by KCM Crew


“If you don’t own a home, buy one. If you own one home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy one.”

– John Paulson 9/27/2010


WOW! That’s a powerful statement.  There is no question that John Paulson is a bull when it comes to residential real estate right now. Should we care what Mr. Paulson thinks? Should we listen to him? The answer to both questions is a resounding ‘YES’. Here are several reasons why.

Who is John Paulson?

Paulson is the person who made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

According to Forbes John Paulson is:
a multibillionaire hedge fund operator and the investment genius who made a killing going short subprime mortgages a few years ago.

According to the Wall Street Journal Paulson is:
a hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.

What did other financial players think of his statement?

The Wall Street Journal agrees with Paulson:

Ignore the critics. The odds have to be on his side…It isn’t just that home prices have fallen a long way. It’s also that, if you can get a mortgage, you are basically taking a reverse bet on the bond market. You could be a long-term borrower at fixed rates, instead of a long-term lender. Right now you can borrow for 30 years at around 4.3%. After the mortgage tax deduction, for some people the net effective interest rate is nearer to 3%. That’s going to prove an awesome deal if we see inflation again.

And Forbes said:
As this is the best time in 50 years to buy homes, Paulson advised his listeners to take 30 year mortgages to buy a home as “your debt and interest payments get locked in at record lows, while the price of your home will rise.”

Are others also saying now is the time to buy?
In the last weeks there is a growing number of people saying that NOW is the time to buy, including:

The Wall Street Journal
Professor Karl Case, founder of the Case Shiller House Pricing Index
The wealthiest families in the country and
70% of everyone else in America

Bottom Line

Thinking of buying a home? Are you taking advice from a friend or family member telling you that now is not the time? It may be time to listen to people who better understand the opportunities that exist in real estate today.



Hope this helps!

Monday, November 8, 2010

Less Than 60 Days To Take Advantage Of Home Improvement Tax Credit


There is less than 60 days left for homeowners to take advantage of the 2009-2010 tax credit for energy efficient home improvements. The credit includes but is not limited to insulation, heat and air replacement, windows and door replacement. When a homeowner purchases energy saving items they can save in 3 ways.


1) Home energy cost year round.
2) Tax credit of 30% of the purchase price up to $1,500. total credit for all qualifying products.
3) Any  manufacturer cash rebate(s).


Any  home improvement for the tax credit must have been put into service after January 1, 2009 through December 31, 2010.

I know tax credits and deductions can sometimes be confusing.  A "tax credit" is generally more valuable than an equivalent "tax deduction" because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. For example:  if you owe $10,000. in taxes and you have a "tax credit" of $1,500., you would owe $8,500. after your tax credit.  Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government. Check with your CPA for specific filing rules.

Hope this helps!


Friday, November 5, 2010

NEW WEBSITE COMING!

My website, NEAhomes.com has served it's purpose and has been a great site for Jonesboro real estate.  However it's time for an overhaul and a whole new look.  I've been working on my new website and am soooo excited about it.  It's going to have many more features, awesome tours, tons of information and a whole new design.  The blog will also be integrated into the site instead of opening into a new window.  I know buyers and sellers alike are going to love, love, love it!

If you would like to suggest any features or have something you would like to recommend, please feel free to let me know.  I would love to have your input!

Launch date is planned for January 1st.

QUICK STATS FOR OCTOBER 2010

Average DOM:
October 2009: 106
October 2010: 103

Average Price of Active Listings:
October 2009: $106,790
October 2010: $122,677

Number of Active Listings:
October 2009: 852
October 2010: 923

Number of Listings Sold:
October 2009: 118
October 2010: 86

Average Price of Sold Listings:
October 2009: $106,790
October 2010: $122.677

MLS Sold Volume (YTD):
January 1, 2009—October 31, 2009
$171,069,812
January 1, 2010—October 31, 2010
$186,459,908

Information is from the Jonesboro Board of Realtors.

Wednesday, November 3, 2010

How To Take Beautiful Exterior and Interior Photos Of A Property

I often receive compliments from the public and other agents on the photos I take of my listings. I even receive emails from my website from people just wanting to tell me how beautiful I showcase my listings. I am also often asked, "how do you take such good photos of your listings"? So I decided to blog about this subject since "great photos" are so crucial in my profession and are so important for sellers, buyers, and Realtors alike. Let’s face it, clients want to see photos on listings, whether it is a house they’re looking to buy or the one they’re selling. Since most people are visual, a photo, good or bad speaks volumes about a property and marketing is all about turning perception into reality.

To prove by point, once I received a phone call from a seller whose home had just expired from a nine month listing agreement with another brokerage.  The seller said they only had 3 showings during the whole nine months. When I toured the home, I couldn't believe it! This home was beautiful but the photos in the previous marketing campaign did not show the many stunning features of the home at all. I listed the property and took many angle shots of each room and the exterior. As soon as the photos were entered into my marketing campaign the activity began, even though it was around Thanksgiving. The first week I had a couple who fell in love with the home but needed to sell theirs first. A few days later another couple put an offer in and we closed in thirty days. The seller couldn't believe how "just" taking good photos made a huge difference in selling or not selling.

So below are some tips on how to take good photos of a property.

  • Avoid taking exterior photos at high-noon, as the direct sunlight othen causes harsh dark shadows that conceal property details. Instead try taking photos early in the morning or late afternoon, depending on which direction the property is facing. Remember, you want to have the sun behind you and shining on the property.  You don't want the sun behind the property, it will cause the front of the property to be very dark.
  • Have any distracting items removed, such as, vehicles in the driveway, trash cans and any real estate signs from the front yard.  You do not want these things to be block the view of the property in the photo.
  • Instead of taking straight on shots of the exterior, try taking the photo from the left or right of the house at an angle. Often, this will give more dimension and depth to a property and allow the viewer to see more than just the front of the property.  I like to stand looking at the front door and move as far to the left or right as I can and still be able to see the front door.
  • Before taking photos of a room, remove extra furnishings and other items to make it more spacious.  A photo of a cluttered room may be enough to turn off a perspective buyer and pass on seeing it in person.
  • Remember, light and bright is best!  For best results combine both natural and artificial lighting.  Open all drapes and blinds and adjust the white balance setting on your camera as needed. For extra large rooms, I use an external flash.  Also turn on ALL lights in the adjoining rooms as well.  You don't want a light and bright photo of a kitchen with a dark cave like living room in the background.  When taking a photo toward a window and the light coming from the window is very bright, the camera's setting will adjust for that bright spot, darkening the rest of the room.  To help avoid this, turn your camera away from the window and push your button half down then turn back toward the window and take the picture.  This will trick your camera's exposure. 
  • Instead of taking straight on shots of a room, take the photo from the corner of the room and shoot across to the opposite corner.   This approach will allow the prospective buyer to see more of the room instead of just a wall.  Using a wide angle lens will usually capture the entire room.
  • For best results, use a tripod to keep the horizontal and vertical planes perpendicular and to avoid camera shake. You don’t want the photo to be blurred or look like it is crooked.  You can get a tripod at Wal-mart for about $25.00 bucks.
  • After your photo shoot, take the time to edit your photos in a photo editing software.  I use photoshop.  I don't ever use the automatic editing option because it just doesn't enhance as well as doing it manually.  If a room isn't as bright as you would like, use the brightness and contrast adjustments.  I like turning up the contrast on photos because the colors are enhanced nicely.
  • Remember for print advertisements you want large size files and for internet marketing you want small file sizes.  640 x 480 pixels are perfect for the internet but too small for print.  When I'm editing my photos I save a large file of the picture then a small for internet.
Yes, taking a good photo shoot and then editing the photos are both time consuming.  However good photos vs. bad photos could mean the difference between selling your home or listing.  Therefore the time spent is well worth the benefits and you only have to do it once. 
 
Hope this helps!