Monthly Archives: April 2018

Five Rainy Day Projects for Your Home

Leave a reply

Rainy Day Projects For Your Home

April showers bring May flowers, but they also give you time to check a few things off your to do list on a rainy weekend. Here are a few projects you can get done:

  1. Spring clean. Dust all the blinds, wipe down the quarter-round molding, and clean under the beds and furniture you haven’t moved in a while.Rainy Day Projects For Your Home
  2. Organize your closets. Unless you’re extremely neat all the time, you’re bound to have items you can sort. Create sections or piles to keep, throw away, and donate. Getting rid of clutter makes you feel good and it also makes your home look better.
  3. Paint something. Paint may take longer to dry in wet weather but it’s still fun to sand and finish an old table or spruce up a nightstand. Get your house paint from the garage and touch up dings on the doors and walls. Or paint some small terra cotta pots and fill them with plants for your kitchen window.
  4. Fix something. Even if you don’t know how, it’s time to stop that leaky faucet or install that new sink. Just visit the Internet for instructions or invite a knowledgeable friend to help, and then serve them dinner.
  5. Make updating plans. A rainy day is a good time to assess your home and think about projects you want to do later. Make a wish list of things you want to accomplish, like updating the kitchen or finding new lamps for the den.

Five Must Do Home Improvements For Resale

Leave a reply

Wondering What Home Improvements For Resale Are Best?

Most buyers want a move-in ready home that’s clean, updated and functional and they’re willing to pay more to get what they want. Here are just a few improvements you can do that will go a long way with buyers.

  1. Update the finishes. If you’re going to improve a room, update everythiHome Improvements For Resaleng, even the light switches. Get rid of popcorn ceilings, which are universally reviled by buyers. If you have wood floors, pull up your old carpet and polish the wood until it gleams.
  2. Reconvert the conversions. Conversions are usually awkward, such as garages turned into living spaces. The house and garage elevations are rarely the same, the driveway leads nowhere, and there’s no place to park cars away from the next hailstorm. Offer to reconvert on request.
  3. Paint neutrally. Nothing improves a home like fresh paint. Your Berkshire Hathaway Home Services network professional can help you choose sellable colors and finishes.
  4. Fix obvious problems. If you can see it, your buyer will see it, too, so fix the sticking door, the running toilet, the leaky faucet, the busted sprinkler head, the wobbly ceiling fan, the loose doorknob, and so on. Buyers are so turned off by dirt, so plan to deep clean every nook and corner.
  5. Say “Welcome!” with curb appeal. Fresh modern paint on the front door, a new welcome mat, potted flowers, shiny new porch lights all show pride of ownership – something you want your buyers to feel, too.

Are You Concerned About Rising Interest Rates?

Leave a reply

Don’t Worry About Rising Interest Rates

National average 30-year fixed rate mortgage interest rates have been close to or well under four percent for nearly a decade. They should stay that low forever, right?

Don’t bet on it. Low unemployment, rising salaries, fears of inflation and an increasing federal deficit are among many reasons why interest rates are expected to rise in 2018. What happens is that the Federal Reserve raises overnight borrowing rates to banks, causing banks to pass those higher costs onto borrowers. Car loans, credit cards and mortgage loans become more expensive.

But don’t let rising rates discourage you from buying a home. While you’re going to pay more Rising Interest Ratesfor your loan in interest, with a correspondingly higher monthly payment, you’re getting higher standard tax deductions in 2018 ($13,000 to $24,000 for couples filing jointly, $6,500 to $12,000 for single filers.) Child care credits are more generous, and your mortgage interest payments are still tax deductible, up to loans of $750,000 or more.

According to the mortgage calculator at Bankrate.com, a home purchased by a borrower with excellent credit for $400,000, with 20 percent down ($80,000) and a benchmark 30-year fixed-rate mortgage at 4%, would have a monthly payment of $1527.73. If rates hit 4.5%, the same borrower would pay $1621.39 monthly, or a difference of about $94. Roughly, every increase of an eighth of a point translates to a little less than $25 per month more in your payment. As always, consult your tax professional for specific advice.

Compared that to the tax breaks you’re getting, you’re ready to go.