A pressing question has always been, “How does spending the extra money on energy-efficient products help the value of my home”? It is nice to lower heating bills, but how long does it take to recoup the expense of some of these products?
There is now a way to capture these improvements and assign them a value in an appraisal. Real estate appraisers finally have a new form that helps standardize the way that energy efficient features are included in their reports. Until now, Fannie Mae, Freddie Mac and the Federal Housing Administration used a form that centered on maintaining sound lending practices but did not have a way to capture what energy-efficiency improvements contributed to the value of a home. Including a narrative of any green features in a description box was not always viewed by the lending institution.
NWMLS data of new homes sold from Sept 2007 through February 2010 comparing homes that sold with an environmental certification and those without a certification. According to the collected data, environmentally certified homes in Seattle sold for 9.2 percent more per square foot in 24 percent less time and make up 34 percent of the market.
As the seasons change, once again it's time to perform some home maintenance. Here are 10 yearly tasks that will help keep your household in working order when the temperatures drop.
Clean Gutters: Do so frequently. Clogged gutters can result in standing water and roof damage. Plus, if you clean them frequently, you're less likely to have to deal with decomposing leaves.
Mow and trim: It seems counter intuitive, but Fall is a wonderful time to both fertilize and reseed your lawn. A maintained lawn improves a home's value and saleability. Use this time to trim shrubs and grass one last time so that your yard stands out, even in a dormant season.
Prune trees: With Winter comes ice. With ice comes broken limbs. Take advantage of nice weather and cut back or remove precarious limbs. It only takes one heavy snow or ice to weigh down a limb and damage property.
Our Team subscribes to Consumer Reports which rates appliances for quality and then matches with price to create their best buy recommendations. For instance, the top rated blender is priced at $425, but the second ranked blender with a close score is $95. Contact us and we'll do a quick research and send you the Consumer Reports recomendations for the product you are purchasing. It's one more way we help you not only purchase and sell your house, but run it efficiently.
If you’re shopping for products from appliances to plumbing systems with optimal energy performance — and you are, right? — three rating programs (the Consortium on Energy Efficiency [CEE], Energy Star, and Energy Guide) can help.Energy Star is the name you likely know, but if truly stellar energy performance revs your motor, go straight to the Consortium for Energy Efficiency (CEE).
Five renovation projects that experts say just aren’t worth your time or money.
Home office: “If you convert a bedroom into an office, your home will be listed as having one less bedroom―big mistake,” says CNN’s Gerry Willis. Barbara Corcoran, founder of the Corcoran Group, a Manhattan real estate firm, agrees: “People try to envision a room for little Jenny but can’t make the leap past your piles of messy papers.”
Concrete patio: “It’s almost guaranteed to crack,” says Corcoran. “And there’s no good way to repair it. Plus, it reflects light, causing a harsh glare.”
Still the focal point of many interior living spaces, the latest fireplaces look anything but traditional. Although their inner workings are largely standardized ― most new models contain prefabricated fireboxes ― the front can be much more expressive.
As long as you follow building codes regulating the distance that combustible materials must be from the firebox opening and the distance a mantel shelf can project from the wall, you are free to decide how you trim out, or decorate, the area around the firebox. From glass and steel to tile and stone, the material options are broad and enchanting. So read on and let the following examples inspire you to curl up by the fire.
It's time to tackle home maintenance projects and improvements that can protect your home's value and prevent costly repairs. One half day of tasks can potentially save thousands of dollars. Replace your old furnace filters with new ones. While you’re at it, clean out those ducts. If you've changed your filters regularly, you can just lift off the register covers and vacuum out the boots with a shop vacuum.