Hey guys! Meyosha here with this week’s White Board Monday.
The process of selling your home is by nature very intrusive. Strangers are coming into your home, walking around, and gaining access to your living area. There are some things you can do to ensure that the process happens as safely as possible.
I hope you enjoy and don’t forget to call or email if you have any real estate need. meyosha@rrea.com
I found this article on msn.com
and thought I share. Be sure to ask me for a recommendation for a good
home inspector.
With home prices down as much as 50% from their peak several years ago,
especially in certain real-estate markets, many people are deciding with good
reason that now is the time to jump into homeownership or to invest in real
estate. While living in a brand-new home has its perks, these newer homes often
lack charm and personality.
This is why some people are drawn to older, historic homes, which are often
oozing with character. The downside is that they can also be money pits and
cause endless frustrations for homeowners. As the owner of a historic home
myself, I’ll be the first to say that owning an old home isn’t for everyone.
But in spite of the time and money I’ve poured into my 1910 Craftsman, I’d
still much rather live here in than in a swanky new subdivision. So how do you
know if owning a historic home is right for you? Here are five questions you
should ask before you sign on the dotted line.
1. Is the foundation solid?
Old homes often have foundation issues, which are incredibly costly to fix.
When you’re looking at a historic home, leave the living room and bedrooms for
last. The most important information is down in the basement. First, check the
foundation for signs of cracks or shifting. Also look for and test for mold in
the home, as it can be a sign of a weak foundation and other problems. You’ll
likely need to get a thorough home-inspection service to tell you for sure if
the foundation is solid, but if you see signs of crumbling or cracks, it’s best
to move on.
2. How old is the electrical wiring?
Many old homes still have the original knob-and-tube wiring. Although it works,
it can pose a fire hazard — especially in the attic, where it’s likely to be
covered by insulation. Evidence of the knob-and-tube wiring will be in the
basement. If the home’s wiring is outdated, make sure you consider the cost of
updating it. It’s a huge, expensive job. I know because I had to rewire my
entire home after I bought it.
3. How old is the plumbing?
If the house still has the original cast-iron pipes, you might need to replace
them because of mineral buildup, corrosion or leaks. Make sure you closely
inspect any exposed pipes in the basement to see if they’re in working order.
Mineral buildup in the pipes won’t be noticeable until you’re trying to take a
shower and realize that very little water is coming out. And if you’re wondering,
yes, I had to replace all my plumbing too. It wasn’t fun.
4. How is the house heated?
Old radiators may add character, but they’re an expensive way to heat the
house. Make sure you carefully analyze how much fuel oil you’ll need to heat
the house. If the home has central heat, check to see how old the furnace is.
This is another expensive replacement.
5. How’s the roof?
Replacing a roof is one of the most expensive home repairs you’ll make. I
replaced mine recently, and I could have taken a plush European vacation on
what I spent. Make sure you check the roof and the attic carefully for leaks.
If the roof is more than 10 to 15 years old, you might need to replace it
sometime during your ownership of the house.
Final thoughts
As you can see, owning a historic home is fraught with potentially expensive
repairs, but don’t let that scare you off from considering buying one. There
are definitely some pros to owning an older home, starting with the fact that
they are typically incredibly well-made and built with good, sturdy materials
and strong craftsmanship. They also usually contain beautiful old wooden
floors, gorgeous trim and molding, heavy wooden doors and cozy fireplaces that
beg to be lit on winter evenings.
I hope you find this information helpful. Be sure to give me a call
for your buying and or selling needs or email me at meyosha@rrea.com .
I had a chance to talk to Al Spencer, Eyeball Real Estate Inspections, at a home for sale and get him to explain the process of inspections, when to get one, and what they are looking for.
Hi! Here is this week’s White Board Monday on Exterior Home Improvements. Here are a few of the things I will cover in this video:
Hope you enjoy!
What a great neighborhood. If you are looking for a beautiful, quiet neighborhood in the 1960 corridor, allow me to introduce Olde Oaks.
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Listing information deemed reliable but not guaranteed. Read full disclaimer.
Open House Saturday, July 30th, 10:00am – 2:00 pm. Come see this beautiful home!
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There are approximately 5 weeks before we send our children back to school. Seven weeks that depending on your situation can either go by slowly, if you work from home, and are finding it hard to focus while your little ones (or big ones) are under foot, or can go by quickly if you have still have a long list of things you wanted or needed to so this summer and you haven’t even started yet.
Just remember it’s all in the planning.
If you have five weeks of time to fill up for the kids and 5 weeks worth of work to do at the same time, try the 50/50 method. Dedicate 4 hours a day, preferably mornings, to getting your work done, and four hours in the afternoon for the kids and their activities. It’ll take some planning on your part, such as having a breakfast menu and snacks ready so you’re not spending part of your 4 hours in the kitchen, and also researching library, pool, movie, etc. schedules so you’ll know what you and young ones will do in the afternoon.
If you’re one of the ones that has a long list of things to do in the short 5 weeks, then you DEFINITELY need to plan. Try categorizing so that similar task are done together and resources can be used for multiple projects. This will work for just about anything. If it’s setting Dr. appointments, setting up a home office or planning a trip, you’ll be surprised how many times you’ll need to go back to the same information.
Remember, there’s a lot you can get done in 5 weeks, including buying or selling a home. It just takes planning.
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