Now that 2018 is finally here, resolutions and goals seem to be all anyone is talking about. If one of your resolutions is to be a first-time buyer then here are a few tips to help you make that a resolution that doesn’t fall by the wayside. Maybe your resolutions don’t involve buying, maybe it is to sell your home or to build equity with your existing home or investing in your home. In any case here is an abbreviated list of some routes to consider. (Full Article)
For the first time buyers
Buying a new home is scary, but taking the first steps toward an organized and planned out purchase is half the battle. Having a structured plan and timeline gives you a set of instructions that you can follow. Near the top of the list you create should be finding a reputable and thorough realtor to take the mystery of purchasing and turn it into an understanding of the process. Regardless of when your planned purchase date is, NOW is the best time to start working on your credit. If you’re one of the majority who has room for improvement, the sooner you start working on it, the better. And speaking of now, remember that you are going to need a down payment for your purchase.
For the First time Sellers
Maybe you don’t plan to be a first-time buyer, maybe selling is on the top of your 2018 goals, then you need to start planning too! When you prepare your home to be sold, you need to make sure that you take care of all those repairs you’ve been putting off. Along with fixing, you need to start getting rid of the extra and unused stuff that has been accumulating. Personally, I don’t want to pay to ship the contents of my junk drawer or those broken things that I keep meaning to fix. Throwing away (donating, selling) is hard but once you’ve cleared out the clutter, you’ll be happy you did and it’s one less thing you need to worry about.
Trying to Add Equity
One of the most effective ways to add equity to your home is to bring your principle down. You can do this in several ways. Refinancing your home might be a good choice. Either for a shorter loan term or for a lower rate. Another way to bring down your principle is to pay more. That simple. Maybe you pay more each month or you make an extra payment. Either way you’re going to have to pay more.
Investing in Your Home
Investing in your home can be one of the more gratifying options. Most of us like to see transformations. And making your home more beautiful is always exciting. Make sure when you chose a project that you select one that has a good return of investment. It would be a good idea to do some homework and find out the most sought after home features. One type of renovation that will almost always yeild a good return of investment is increasing your home’s energy rating.
No matter what topic made your 2018 Real Estate goal list, we hope you were able to find some of this advice helpful. If you did, or have any other ideas- Reply and tell us all about them. Please don’t forget to check out the full Windermere article for any extra info.
LET’S MAKE AWESOME HAPPEN!
If you’ve been outside anytime during the last week, you no doubt noticed the smoke. It’s fire season again in the Pacific Northwest. Before we talk about the multitude ways to help keep your investment safe from fire, I want to give a heartfelt thank you to all of those firefighters away from their families. Thank You! On to business.
When you decided to purchase a house and make the emotional commitment of being a home owner, I truly doubt you ever thought that a fire could happen to you. According to the National Fire Protection Agency, in 2015 there were 501,500 structure fires in the U.S. resulting in just over 10 billion dollars in damages and 2,685 deaths. No one wants to be a part of this statistic.
Smoke alarms probably seem like a no-brainer, but there maybe you forgot to test them or check the batteries. It is recommended that you test them monthly and replace the batteries every six months when you change the clocks for daylight savings time. Another thing to remember when putting in new alarms, smoke rises. Smoke is less dense than air so it rises, which is why smoke alarms are on the ceiling or no further than 6 inches from the ceiling on the wall.
typically associated with businesses, schools and hospitals but fire extinguishers are recommended for the home as well. The best places to keep your home extinguishers are anyplace that you would expect something to combust. Obviously the kitchen, but also in places like the garage or down in the basement by the furnace. You, the homeowner are also encouraged to have a fire extinguisher for every floor. You don’t want to be in a situation where you have to run upstairs to get the fire extinguisher.
Know your types of extinguishers!
There isn’t one fire extinguisher that works on all types of fires. And speaking of types of fires, there are 6. SIX! with 5 different types of extinguishers, the location of the fire will most likely dictate the type of fire. I am not going to go in depth with all of the types and appropriate applications. But for the sake of the homeowner, you’ll need to determine which one is right for the different areas of your home. It is worth noting that the dry powder type of extinguisher (also known as the ABC type) is not recommended for small spaces such as homes and offices. If inhaled, it can be very damaging.
Know how to use the extinguisher
Having an extinguisher is just half the battle. If you want to be effective in stopping fires before they do real damage, you need to know how to use them. remember the acronym PASS. P-pull pin A-aim at the base S- squeeze the trigger S- sweep back and forth. Here is a short video illustrating the proper technique.
Emergency Escape Route
I remember when I was young, I always thought it was silly to do a fire drill at home. It wasn’t until I grew up and had babies of my own and realized that you absolutely need to practice. If you live in a home with multiple stories, get a window ladder. You wont always be able to use the stairs. Some advice I would like to pass on. If there is a fire in your home. Do not get dressed. Don’t try to find valuables. Don’t search for pets. Just get your children and leave the house. Most likely the animals will find a way out on their own. They have instincts that guide them away from fire. Your valuables are worthless if you do not have someone to share them with. Keep your family safe.
Keep combustibles away from outlets and other electronics.
It makes sense when you think about it retrospectively. But how often do we push furniture up against outlets or not think about the power strip we have had around since the 90’s. Sure it might work just fine. But newer electronics like power strips are being made safer and besides, after years of use (or maybe abuse) it’s not exactly as safe as it used to be. Outlets, extension cords, open or lose wiring. Check them. As for your electronics, I’m sure you’ve noticed that after using tv’s or laptops they get warm (maybe hot) to the touch. With the right combinations of factors, you could have a fire on your hands. Keep electronics off when they’re not being used. While the electronics are in use, keep them away from combustibles.
Keep the dead and dry stuff away from the house
Not all fires start from inside the home, some start from your yard or property. As homeowners, you are advised to trim back or remove completely, any dead trees or shrubs, or any dried up debris. These types of organic materials serve as kindling in wildfires, and they pose a threat to your home as well!
If we forgot something or you know a good way to keep your home safe, please say so in the comments! We love hearing from you. Stay safe out there in the heat and smoke!
Let’s Make Awesome Happen
Tax time again and a mound of documents and not sure what to do with it all?
Hopefully you made it through another tax season and found all of your documents needed to file your return. Now, what documents do you need to keep and which ones should you toss? Here’s a little guideline which will help you with clearing out the old paperwork, but not throwing away anything that you might need later.
What to keep and what to toss?
John and Tracey Tindall
208-818-2365 or 2456