How Long is the Remodel going to take?

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The Boomerang Effect

The Boomerang Effect


“Home Buyers returning in droves”
They’re back! Eight years after the real estate bust, many past homeowners who lost their homes have rebuilt their credit and are back in the market forming America’s growing ranks of boomerang buyers. In the next few years, these buyers will form one of the most important segments of the real estate market. About 700,000 of the 7.3 million homeowners who went through foreclosures or short sales during the bust have the potential to get a mortgage again this year.
The home-ownership rate in the United States reached an all-time high at 69% in 2007 but has dropped to a rate of 64%. With the large number of Boomerang buyers returning due to short wait periods, home-owner percentage will soon increase. We are now seeing 2-3 year wait periods to qualify after a foreclosure or short sale and 1 to 3 years after a Bankruptcy.
If you’re on the side lines paying the increasingly high rental prices, consider your options. When is the last time you talked to your loan broker?

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Off To College? Things To Look For When Searching For Rentals

39337284_sSeptember is back-to-school season for many families throughout the Country. Not only does this mean school-aged children going back to school but, also recent high school graduates going off to college. Part of the process of going to college is finding a place to live. While some students choose to live on campus, others decide to rent a place off campus with friends or, same-aged family members.

Whether you are a home owner with rentals or, you are a college student or parent of a college student looking for a rental, here are some areas of the home to check when doing a walk through:

  • Do all of the toilets in the home flush easily? As you are walking through a rental, flush each of the toilets to make sure that the handle is in good condition and works properly. Look around the floor of the toilet to make sure there isn’t any leaking or, standing water. Check the fan in the bathroom to make sure that it works and the bathroom is properly ventilated.
  • Do all of the plumbing fixtures in the home turn on and off? Check each of the plumbing fixtures to make sure that the water pressure is strong. Also, check the hot water to see how long it takes to heat up, and make sure that when the fixtures are turned off nothing leaks. Check the shower heads to make sure the water pressure is strong. If there is a garbage disposal or a dishwasher, check to make sure they both run and turn on/off easily.
  • Do any of the rooms in the home have an odor? This is true especially for the bathrooms, kitchen, and laundry rooms. These rooms all have running water in them and the smell could be coming from the plumbing or, a leak. When you walk through the house, be mindful of how it smells and if the smell is worse in any one area than others.

Starting a college journey can be very exciting. If you plan on renting off campus, make sure to follow these tips to ensure that the rental you live in will serve you well through your college career.

How To Keep The Swimming Pool On Your Property Safe

25007490_sSummer is a busy time of the year for buying and selling homes, or moving from one rental to another. Whether you are moving because you’ve bought a new home or, because you have outgrown your rental and need something bigger, the summer is the perfect time of year to do it.

Homes with additional features like sunrooms or swimming pools are especially interesting to home buyers and renters because of the additional recreation they offer the family. But, sometimes the home has been sitting unoccupied for a period of time, and it is important to be cautious about the electrical safety of the swimming pool. In fact, it is important to be cautious about electrical safety around a swimming pool in general.

Here are some tips that you can follow if you land in a home this summer that has a swimming pool:

  • Make sure to have a professional electrician inspect the wiring for the swimming pool lighting and other components. If the home has been unoccupied for any length of time, it is possible that critters may have nested and chewed the wiring.
  • Also, have an electrician check the outdoor electrical outlets before you use them to plug in a radio, small refrigerator, or any other electrical item you might like to have near the pool. Outdoor outlets can get corroded with dirt and debris and should be checked before use.
  • Only use extension cords for the length of time that you absolutely need them. Extension cords should not be used as permanent electricity for an appliance or item that does not reach the closets outlet. Extension cords can get tripped on or, accidently dragged if they are laid out across the patio or deck of the pool.
  • Anytime it is possible, make sure to use battery-operated items outside around the swimming pool. This significantly reduces the chances of major injury by removing electricity from the picture all together. This is especially true if you have children, who may not always understand the dangers.

Having a swimming pool at a new home can be a great way to spend time together, get some exercise, and enjoy the outdoors. But, it is important to be safe around the pool, not only from water accidents but, also electrical accidents. Follow these tips for keeping your backyard pool time safe.