Green Up Your Holidays
The holidays can be a difficult time for any good habit to be enforced. No time for exercise, rich, decadent foods everywhere, family tensions flare, and money run short. One habit, however, is not only easy to keep throughout the holidays but easy to share with everyone you know- the gift of green. Not piles of money, not cans of spinach. Caring for our planet by making responsible choices is a gift that will benefit everyone, not just the people you know. Below you will find some easy ways to not only green up your holidays but green up your life.
Support Your Local Economy
Shop Local. Purchasing gifts that are made as close to where you live as possible (or made by you yourself) will cut down on the carbon footprint left behind by transporting items across the country or around the world. Gift certificates to local merchants are a great way to grow business for a neighbor, support your local economy, and reduce fossil fuel use.
Gift Abroad. For the person who has everything, make a donation to a group such as Heifer International (www.heifer.org) in the recipient’s name. For as little as $20 you can buy a flock of ducks, geese, or chicks, or a whole larger animal (such as a pig or a goat) for as little as $10 to feed struggling families in developing countries. Other international aid groups include UNICEF and Doctors Without Borders.
Save the Environment
BYOB (Bring Your Own Bag). Whether it’s the grocery store, discount store, or the mall, taking your own bags not only saves the environment but saves your body and purchases. Plastic bags are not only produced from dwindling petroleum resources, but end up harming wildlife when they blow into bodies of water from garbage trucks, landfills, or litter bugs. In addition, some stores (Target and Whole Foods) give money back for each reusable bag you bring. A pretty, decorative, cloth bag also makes great gift wrap that the recipient can then use when he or she goes shopping.
Decorate a Real Tree. Decorating a real tree with give your home a pleasant scent for the holidays and give aquatic animals a present after the holidays. Support your local farmer by going to a farm and cutting your own Christmas tree or support a local charity by purchasing a pre-cut tree from a charity such as the Lions Club or the Boy Scouts. In addition, you are reducing the amount of oil used to produce an artificial plastic tree.
Plan Your Trip
Plan Your Trip. Before you head out to do your holiday errands, plan your trip to go the most efficient route and make a list for each place. That way you are not wasting time and gas waiting in traffic or driving out of your way to get from place to place.
Turn Down the Thermostat. If you are the only one at home and you’re going to be cooking in the kitchen for a long time or no one is going to be home for most of the day, turn down your thermostat at 5 degrees. If you have a large house and do not use all the rooms, close the doors and close the vents to those rooms.
Bring Toys To Life. If you are giving battery-operated toys as gifts, give rechargeable batteries and a charger to Mom and Dad. They will never have to buy batteries for the toy and chemicals from discarded batteries will not enter our water supply.
Environmentally Responsible Holiday
Having an environmentally responsible holiday season not only benefits our earthly home, but the physical home we own. Less gifts to clutter the home, fewer plastic bags filling a drawer, and more money to put towards a home improvement project are among just a few of the benefits of a green holiday season.
When the holidays are over, make sure you recycle responsibly and not wishfully. Greeting cards and wrapping paper that have glitter on them are not recyclable. When you are done with your tree, do not put it in a plastic bag on the curb; many communities have drop-off locations in parks where your tree will be given a new life in a lake or chipped up to provide wood chips for park landscaping.
These are just a few ideas for making your holidays and the rest of the year evergreen!
Choosing The Right Neighborhood
Choosing the right neighborhood is just as important as selecting the perfect house. Your surroundings will significantly influence your quality of life, from local amenities and schools to safety and community vibes. So, before you make that huge investment, it’s essential to thoroughly research and consider the area where you’re planning to move. Here’s your ultimate guide to what to look for when hunting for the right neighborhood.
One of the foremost considerations should be the safety of the neighborhood. Check crime statistics, speak with local police, and visit the area at different times of the day to get a feel for the environment.
Your daily commute can have a significant impact on your lifestyle. Look for neighborhoods that offer a reasonable commute to your workplace, whether by car or public transportation.
If you have children or are planning to in the future, the quality of local schools is a significant consideration. Research school rankings and visit them to gauge the education your children will receive.
Amenities and Services
Are grocery stores, hospitals, gyms, parks, or recreational centers nearby? The availability and quality of these services can make your life more convenient and enjoyable.
If you rely on public transportation, the accessibility and reliability of these services are crucial. Check bus routes, subway lines, and other forms of public transport to ensure they meet your needs.
Keep an eye on future developments, like shopping centers, public transport expansions, or new schools. These can significantly impact both your quality of life and property values.
Attend local events or visit community centers to get a feel for the local culture. Are people friendly? Are there community events that interest you? The local atmosphere can significantly affect your happiness in your new home.
While you may be planning to stay long-term, it’s always good to consider the resale value of homes in the area. Look at property value trends and speak with local real estate agents to gauge the area’s potential for growth.
Consider the noise level and overall environment of the neighborhood. Is it a bustling urban area, a quiet suburban community, or a rural setting? Make sure it aligns with your lifestyle and preferences.
Walking to shops, parks, and other amenities adds convenience and enhances your quality of life. Websites and apps that score neighborhood walkability can be beneficial in this regard.
Finding the perfect neighborhood involves much more than just driving through it. You need to research, visit, and even speak with locals to understand what life is like there. Use this guide as a starting point in your house-hunting journey, and you’ll be well on your way to finding the perfect place to call home.
Happy house hunting!
Homeowners Decorating for Halloween
One of the most exciting times for homeowners is decorating for Halloween and seeing all the unique costumes children of all ages wear trick-or-treating. Follow these safety tips to keep children and their parents safe when they come to your house.
Follow These Safety Tips
- Well-lit pathways- Make sure the front of your house and sidewalk are well-lit. Since the nights are getting darker earlier, make sure the bulbs in your path and porch lights are working and your solar lights have the panels clean to fully absorb the shorter days of sun. If they have battery backups, make sure they are in good condition and not corroded. If you don’t have permanent path lights along your sidewalk, try carved pumpkins with tea lights or luminaries, and make sure they are on the outside of the path so dangling costumes do not catch on fire.
- Clear obstacles- Before Halloween night, make sure all hoses are wrapped up or put away, toys are put up, acorns are swept off the sidewalk and limbs are cleaned up from the yard and path area.
- Secure pets- Halloween is stressful for both dogs and cats. Cats may use the constant opening of the door as an opportunity to escape and dogs may bark loudly every time the doorbell rings. Some children may be afraid of dogs. Protect everyone and keep your pets secured in a crate away from the door.
- Decorate safely- Use LED candles in place of open-flame candles in pumpkins, luminaries, or other light-up decorations. Do not drape bushes or trees with artificial spider webs that can trap birds. Also, do not soak pumpkins in bleach to preserve them. Squirrels and other wildlife can become sick when they eat it. When it starts to rot, break it up and throw it in your yard for the animals to enjoy as food sources become scarce. Add an extra spooky touch with Halloween music that is motion-activated as the trick-or-treaters come up on your porch.
- Give out treats other than candy- We are not saying to give out apples and granola bars to everyone, but have some fruit, pencils, or other nonfood items available for kids that may have allergies or special needs.
- Let trick-or-treaters know if you are “open”- If you do not wish to hand out candy to trick-or-treaters, make sure you keep your outside lights off. You still need to make sure your yard and pathways are clear in case kids run through your yard as a shortcut between two participating houses. You can also leave a table of candy near the end of your sidewalk with a couple of solar or battery-operated lights and a well-marked sign telling kids they may take a piece.
- Home security- Make sure all other doors and windows are locked so no one can break in while you are distracted at the front door.
- Dry surfaces- If it is rainy on Halloween, make sure you have non-skid rugs or mats at the top of your steps so kids don’t slip going up or down. Consider additional lighting if it is very rainy or foggy.
Keeping These Tips in Mind
If you are taking your kids out trick-or-treating, make sure you only take them to homes that have indicated they want trick-or-treaters and check their candy when you get home for open or damaged wrappers or candy that has nuts or other ingredients your child may be allergic to. Make sure your kids wear costumes that fit properly and are made out of flame-retardant materials with reflective tape or have them carry glow sticks. Consider face paint in lieu of masks. If your child does not want to go to a specific house or starts feeling uncomfortable once on the porch, skip the house or leave immediately. Be especially careful crossing streets that might have more cars parked on them than usual, even when using a crosswalk. If possible cross in groups.
Keeping these tips in mind will ensure this Halloween is as good as (or even better than) the ones you remember from your childhood. And do not forget to save a piece of your favorite candy for yourself!
Most Significant Financial Decisions Ever
Buying a home is one of the most significant financial decisions ever. It’s not just about finding a place to live; it’s an investment in your future and your family’s well-being. To ensure you make the right move, you need a well-thought-out plan and a solid understanding of the home-buying process. This comprehensive guide will provide valuable advice to help you navigate the journey of becoming a homeowner.
Assess Your Financial Readiness
Before you start shopping for a home, it’s essential to evaluate your financial situation:
a. Budget: Determine how much you can afford by creating a detailed budget that includes all your monthly expenses and savings goals.
b. Credit Score: Check your credit score and work on improving it if necessary. A higher credit score can qualify you for better mortgage rates.
c. Down Payment: Save for a down payment, typically between 3% to 20% of the home’s purchase price, depending on the loan type.
d. Additional Costs: Consider closing costs, property taxes, homeowner’s insurance, and maintenance expenses in your budget.
Get Pre-Approved for a Mortgage
Getting pre-approved for a mortgage is crucial before you start house hunting. It helps you:
a. Understand your budget: Knowing how much you can borrow and what interest rate you qualify for will give you a realistic budget.
b. Make competitive offers: Sellers are more likely to accept recommendations from pre-approved buyers as they show commitment and financial readiness.
Identify Your Priorities and Needs
Make a list of your must-haves and nice-to-haves in a home. Consider location, size, number of bedrooms, and desired features. This list will guide your search and help your real estate agent find suitable properties.
Find a Knowledgeable Real Estate Agent
Hiring an experienced real estate agent is essential. They can:
a. Help you navigate the local housing market.
b. Provide valuable insights into property values and trends.
c. Negotiate on your behalf.
d. Assist with paperwork and closing procedures.
As you tour potential homes, keep these tips in mind:
a. Be patient: Take your time with a purchase. Take your time to find the right home for your needs and budget.
b. Inspect thoroughly: Hire a professional home inspector to uncover any hidden issues affecting your decision or the price negotiation.
c. Neighborhood research: Investigate the area thoroughly, considering factors like schools, safety, amenities, and future development plans.
Make a Competitive Offer
Work with your real estate agent to submit a compelling offer when you find a home you love. This includes:
a. Offering a competitive price based on market conditions.
b. Being flexible with your closing timeline.
c. Including a personal letter to the seller expressing your interest in their property.
Closing the Deal
Once your offer is accepted, you’ll enter the closing process:
a. Hire a real estate attorney to handle the legal aspects of the transaction.
b. Conduct a final walkthrough to ensure the property is in the agreed-upon condition.
c. Sign all necessary documents and pay closing costs.
Moving In and Settling Down
Congratulations, you’re now a homeowner! But the journey doesn’t end there:
a. Plan your move carefully, and consider hiring professional movers.
b. Create a maintenance schedule to keep your new home in top shape.
c. Get involved in your new community and make it your own.
Buying a home is a significant milestone in life, and with careful planning and informed decisions, you can make it a rewarding experience. Remember to assess your financial readiness, seek professional guidance, and prioritize your needs when searching for your dream home. By following this advice, you’ll be well on your way to becoming a successful and satisfied homeowner.
Keep your Home and Family Safe
As summer rapidly comes to a close, homeowners with fireplaces begin looking forward to long nights curled up in front of the fire with a hot drink and a good read. Before throwing the first log of the season in and lighting it up, there are a number of preventative maintenance tasks that need to be completed to keep your home and family safe all winter long, whether your fireplace is wood-burning or has a gas insert.
Number of Preventative Maintenance
- Inspect and Clean the Chimney- When up on your roof checking your gutters for the fall, make sure you inspect your chimney for signs of damage such as cracks or loose bricks. Ensure the chimney cap is securely attached and free from debris such as leaves or bird nests. Hire a professional chimney sweep to remove creosote buildup, which can lead to dangerous chimney fires.
- Check for Drafts- Drafts in fireplaces can occur when the damper is the wrong size or does not open and close correctly when the fireplace is not in use. If you feel cold drafts, consider installing a chimney balloon or damper clamp to prevent heat loss when the fireplace is not in use.
- Clean the Firebox- If you didn’t clean your fireplace out after your last fire last season, remove all ashes and soot from the firebox using a fireplace shovel and brush. Dispose of the ashes in a metal container, as they can remain hot for hours and pose a fire hazard. Clean the interior walls of the firebox to remove any residue. On a gas fireplace, inspect each log or piece for cracks, holes, or excessive burn marks. Use a paintbrush or soft-bristled toothbrush to dust away debris from the burner unit and inspect each vent hole for any build-up that could clog the flow of gas. Never use water.
- Inspect the Fireplace Grate and Hearth- Clean the fireplace grate is clean of excessive residue using diluted vinegar. Make sure the grate is in good shape. Cast-iron grates are more durable than steel grates. Using a grate allows air to flow better around the fire and keeps the concrete floor of the fireplace from getting cracked and eventually weakening. It is also important to make sure the grate is still appropriate for the type of fuel source you are planning to use. Mesh baskets are best for coal and grates are better for wood. Cracks in the hearth can allow fire to spread to the rest of the room.
- Inspect the Flue- The flue is a pipe made of terra cotta clay or stainless steel that the gas or smoke exits the home through the chimney. Make sure any crumbling or rust is repaired before using the fireplace.
- Clean the Glass Doors or Screen- If you have a gas fireplace, the glass doors need to be cleaned to remove any residue using an alcohol-based fireplace cleaner. Use a wire brush to remove creosote.
- Stock up on firewood- Purchase as much seasoned firewood as you have room for at the beginning of the season, so you do not run out during the coldest months. Seasoned firewood produces less creosote and burns more efficiently than unseasoned wood or paper. Store it in a dry, covered area to keep it from absorbing moisture.
- Test Smoke and Carbon Monoxide (CO) Detectors- Many insurance companies require working smoke and carbon monoxide detectors and Illinois now requires hard-wired smoke detectors or ones with a 10-year battery. Gas fireplaces are CO hazards if there is a leak or the ventilation fails.
- Create a Cozy Fireplace Nook- Make sure furniture, pet beds, pillows, etc. are placed no closer than 3 feet away from the fireplace. Even if there is a screen, embers can fly and catch flammable materials on fire. Decorations on the mantle should not hang off the edge.
- Practice Safe Fire Building- Only allow adults to start a fire. Supervise children and pets when a fire is burning. Use the right kindling and firestarter for the material you are burning and do not overload the firebox. Make sure the damper is fully open before lighting the fire and always use a fireplace screen to contain sparks and embers.
- Maintain Regular Cleaning- If cleaning the fireplace each time you use it is too much, it needs to be cleaned monthly, whether it is wood burning or gas, to maintain efficient airflow.
- Schedule Annual Inspections- This should be done by a licensed, insured, and bonded chimney sweep.
Stay warm and safe!
Now that your fireplace is ready, grab a cup of hot chocolate, a book, and your favorite blanket, and enjoy!
An important consideration for many families purchasing a new home is whether or not it has a pool or if there is room in the backyard to put a pool. A pool is a major investment to your home and your property if it is maintained properly and can increase your property’s value. Otherwise, it is a liability to your property and can bring down your home’s value when you are ready to sell if not repaired.
Key Steps On Shutting Down Pool
As summer comes to a close, it is important to close down your pool correctly so that you do not have any surprises when you get ready to open It next summer and ensure the longevity of your pool. You will also not have to spend as much time cleaning and preparing to open or not being able to open on time because you need maintenance when everyone else is trying to get their pool repaired to open. These are the key steps in a systematic approach to the year-end pool closing process.
- Clean and balance the water. This is the first step to closing your pool and provides the most visible change in your pool. Skim the surface with a large, fine mesh net designed especially for cleaning pools to remove any debris, leaves, insects, and other particles too small to pick up. Brush the walls and vacuum the pool to eliminate dirt and algae. Test the water chemistry and balance the pH (7.2-7.8), alkalinity (80-120 ppm), calcium hardness (180-220 ppm), and cyanuric acid (stabilizer-30-50 ppm) to the levels listed. This will prevent algae and bacteria from growing while the pool is closed.
- Lower the water level. Lowering the water level to below the skimmer, return lines, and jets, and draining the heat pump, water pump, and filter prevents plumbing from freezing. Leaving some water in the pool also helps protect the pool liner from shrinking and cracking and prevents unnecessary damage from debris and harsh weather. It also saves you lots of money when you don’t have to fill the whole pool every year. Your pool should only need to be completely drained and refilled every 10-15 years, but check with a professional first.
- Winterize the plumbing. Blowing out the plumbing lines using a compressor removes any water that might freeze and cause the pipes to break. Then plug the lines with winterizing plugs or expandable rubber plugs to prevent water from re-entering the lines.
- Empty and store equipment. Remove and empty all pool accessories, such as ladders, handrails, diving boards, toys, etc., and store them in a dry, covered place. If you use a pool cover during the summer, clean it thoroughly and dry it thoroughly before folding it and putting it away in a clean, dry place.
- Place air pillows on top of the water then a winter pool cover. Inflatable air pillows under the cover will prevent debris and water accumulation and reduce stress on the pool walls due to ice expansion. The winter cover will keep both debris and sunlight out of the pool which can lead to algae growth. The cover should fit well and be designed for winter use. Secure the cover with water bags or cover clips to keep the cover from flying off and animals from getting in and becoming trapped.
- Regular maintenance. Periodically check the pool during the off-season to make sure the cover is secure and in good condition. Remove any debris that may be on the cover and make sure there is no damage or wear. Periodically check the water chemistry and adjust as necessary.
Hire A Pool Company
If this is your first year as a pool owner or you don’t have the time to close your pool correctly, hire a pool company to come close your pool for you. You don’t want to find out your pool liner is shot or your pipes have burst when you are getting ready to host your first pool party next summer. The money you spend closing your pool correctly at the end of the summer will pay for itself when you do not have to replace plumbing, the liner, equipment, etc.
First Things to Notice
One of the first things that people notice about the exterior of your house is its color and the material. While it is difficult to convert a house with siding to brick or stucco or vice versa, it is possible. Choosing the correct siding for your home will not only help (or hurt) your curb appeal but can impact your energy costs.
Each material has its own benefits and drawbacks, as described in the rest of this blog.
Before deciding on a material, it is important to determine your budget, not only for the actual installation, but maintenance, upkeep, energy savings, and resale value if you are rehabbing the home. While the siding may be less expensive at purchase, it may be more expensive to maintain.
Types of Material
Plank siding comes in three different materials: vinyl, wood, and aluminum. Vinyl is the least expensive to purchase/install if you are building new or replacing plank siding, but it is not durable and cannot be painted when it fades, lowering your home’s value as it ages. It can also be easily damaged by hail, melts easily if there is a fire nearby, and its use is restricted in older neighborhoods. Another type of vinyl siding is insulated vinyl siding, which has expanded polystyrene foam built into the ridge of the panel.
Aluminum siding is also less expensive and is a natural alternative to vinyl siding that can be recycled at the end of its lifespan. Unlike vinyl siding, aluminum can be painted, but is also susceptible to hail damage.
Wood siding is a natural and durable alternative as long you maintain the paint or stain and have regular termite control treatments. It is more expensive but will last more than a lifetime if maintained. Engineered wood looks like real wood and is less expensive but is prone to mold and mildew damage if there is moisture behind the siding.
Stucco is a mixture of lime or sand or cement and cement that is spread on a flat as a paste and dries into a firm surface. This is not a good choice for rainy or humid areas because it is porous and absorbs the water.
Brick siding is the most durable and long-lasting, but also the most expensive, whether building new or retrofitting your existing home. The color can vary depending on the type of clay used, is resistant to fire, and easy to maintain. Real brick is also energy efficient and eco-friendly. Faux brick panels do not have the same benefits, but also do not have the disadvantage of mortar damage in harsh environments.
As mentioned with several of the materials above, you need to take into consideration the climate where you live. Here in the Midwest, aluminum and vinyl siding and stucco are not suitable options, even though many homes are built with them. If you live in a densely spaced neighborhood, brick is safest, with wood being worth the investment everywhere else.
The overall beauty of your home’s exterior is also an important consideration. If you are someone who likes to have the most up-to-date colors on your home, vinyl siding will not work for you, nor will brick (even though painting brick is trendy currently). Also consider the exteriors of the other homes on the street. If most of the homes are brick or stone, a home with plank siding is likely to look out of place.
Energy efficiency is also crucial to think about when building or residing in your existing home. Insulation types and values vary between materials, so ask about the R-value (resistance to heat flow) when selecting siding.
Durability and Maintenance
Durability and Maintenance are important considerations, especially if you are planning on living in the same home for many years. How much time and effort are you willing to invest in maintaining the appearance of the siding, such as painting, staining, sealing, or power washing (especially if you go with a light color).
In many communities, older neighborhoods and subdivisions with Homeowners Associations (HOAs) put restrictions on the types of materials that can be used on the outside of the house. Older neighborhoods typically require real wood siding instead of vinyl or aluminum and HOAs may require a certain material such as stone or brick of a specific color.
Many siding manufacturers offer warranties. Try to find one with a more extended warranty period so you can be confident in the quality and longevity of the siding.
Having your siding professionally installed ensures it is done correctly. Improper installation can lead to issues like water infiltration, decreased longevity, and void the warranty.
Many people are purchasing products based on their environmental impact. Some materials are recyclable, such as aluminum siding, others are damaging to the Earth, such as stone extraction, and others such as vinyl siding, leave a large carbon footprint.
Choosing siding for your home is a long-term investment. By doing your research, you will be satisfied for years to come.
With Scott Air Force Base in our backyard, we have lots of clients that are not able to look at homes before their transfer in or out of the area. Thanks to improvements in technology, it is easier to look at a variety of homes and close the deal ahead of time, without having to move into an apartment or hotel temporarily. At KW Williams Ellerbrake Group, we understand the stress of moving to a new area and not knowing anything about the neighborhoods or schools. Our staff lives in the areas we sell homes in and has relationships with realtors in other markets to make sure you get the best buying and selling experience.
Familiarize yourself with the area: As soon as you find out you are moving to the O’Fallon, IL area, make sure you check out the local Chamber of Commerce websites, visitor bureau websites, and community websites so you can narrow down your search. Some are listed below.
- O’Fallon-Shiloh Chamber of Commerce- https://ofallonchamber.com/
- Metro-East Regional Chamber of Commerce (Fairview Heights and Swansea)- https://metroeastchamber.org/
- The Greater Belleville Chamber of Commerce- https://www.bellevillechamber.org/
- Great Rivers and Routes Tourism Bureau- https://www.riversandroutes.com/
- Discover Downstate Illinois Tourism Bureau- https://www.downstateil.org/
Our website, ellerbrake.com, includes basic information about several of the communities in our area, as well as links to additional resources.
Set a budget: Depending on where you are moving here from, you might find the prices in Madison, St. Clair, and Clinton counties in Illinois are less expensive for the same quality home you might find elsewhere, with a lower cost of living. Use the calculator on ellerbrake.com to figure out what the mortgage payment is for some of the homes we have listed to give you an idea of what you can afford.
Secure financing: With improved online security, everything your mortgage lender needs to get you qualified, such as income statements, bank statements, and identification can be safely submitted no matter where you are in the United States. Getting pre-approved for financing will help you narrow down the properties you look at instead of looking at homes that are more than you can afford. Many mortgage lenders also have access to special financing programs for active military and veterans. Getting pre-approved also speeds up the closing process. Ask your Ellerbrake Group Realtor for a list of preferred mortgage lenders.
Make a “Wish List”: Before you look at our listings or any others, make a list of what amenities you want in your new home. How many bedrooms and bathrooms do you need? Do you want to live near the school your children would attend? Are you going to be cooking or entertaining a lot, or is an older kitchen good enough? Do you want a pool? Fenced in back yard? Land? Be realistic about how long you will be living in the area. If your job (military or civilian) requires you to move frequently, Keep your list simple so when it is time to move, you can sell quickly.
Ask for a “Virtual Tour”: Advancements in technology now make it possible for our Realtors to take you on a video walk through of the house, either recorded or live through FaceTime or Zoom. We will answer your questions during the walk through and our agents will point out anything additional that could be an issue so we can address it on your behalf before closing.
Request a home inspection: Once you have narrowed your search down to “the one”, we will refer you to one of our preferred home inspectors to thoroughly evaluate the property and provide you with a detailed report. We will go over the report with you to find out what repairs you want to negotiate into the deal or questions you have about the report.
Submit an offer: Your Realtor at The Ellerbrake Group will guide you through the process of negotiating the price and the terms of the purchase agreement. Your Realtor will act as your representative and protect your interests.
Closing: Your Ellerbrake Group Realtor will help you coordinate the necessary paperwork and work with a local title company. Many title companies and mortgage companies now offer remote closings with electronic signatures and wire transfers. This can be planned as close to your moving date as possible if you don’t need repairs before moving in.
Whether you are buying a new house from across town or across the country, the experts at Keller Williams Ellerbrake Group will make sure you get exactly what you are looking for hassle free. Start the process at www.ellerbrake.com.
With the residential real estate market running on low inventory, you might be wondering if trying to find a single-family home or duplex to rent out is a good idea. Below are some things to think about to determine if this is a good time to invest.
- Evaluate your financial situation. Purchasing real estate, even for your own personal use, requires a significant upfront investment, including a down payment, closing costs, and ongoing expenses such as property taxes, insurance, maintenance, and repairs. Do you have the funds to put into additional properties without your primary residence and other daily needs suffering? Is your credit score strong enough for you to get a loan with a good interest rate?
- Consider your long-term goals. Rental property can increase in value over time and provide a steady stream of passive income through rental payments. If your goal is to build wealth through real estate, investing in rental property might help you reach those goals. Investing in real estate is not a good investment for those looking for quick returns or have a low tolerance for risk and should seek other investment options.
- How much time are you willing to put into management? Managing rental properties requires time, effort, and knowledge of such issues as tenant rights and other legal/financial issues. Do you want to take on the responsibility of finding tenants, dealing with maintenance issues, collecting rent, and handling legal and financial matters, or are you willing to pay a fee to a property maintenance company to handle these issues for you? If you have the skills or are willing to learn, dealing with these issues may be a rewarding experience for you.
- What is your local real estate market? This is one of the most critical issues to be considered, and it is not one that you have any control over. Do thorough research of the local real estate market to determine what the demand is for rental properties in the area you are considering. Job growth, population trends (college students, new families, retirees), and proximity to amenities (parks, stores, schools) can determine the demand for rental housing. Analyze rental rates and vacancy rates to estimate potential rental income and assess the profitability of your investment. This can be done by a search of classified ads or driving through neighborhoods you know to be mostly rentals. If you have friends or family renting in the area you are looking into purchasing real estate, ask them if they are satisfied with the condition of the apartment they are renting and the amenities they are getting for the price. If the market conditions are favorable and show potential for growth, owning rental property could be a lucrative opportunity.
- Risk assessment. Like any investment, rental property carries risks. Economic downturns, changes in housing regulations, property damage, and difficult tenants are some of the risks that come with owning rental property. It is important to have contingency plans and financial reserves to reduce these risks. Adequate insurance coverage is also not only crucial to protect your investment, but can protect you from lawsuits from your tenants should something happen to the property or them. If you have a solid plan in place to deal with the risks, the benefits to owning rental property can outweigh the risks.
- Evaluate your personal skills and strengths. To be a successful landlord, you must possess excellent communication skills, be able to negotiate disagreements, and be able to use excellent problem-solving skills quickly. You also must be able to address maintenance issues promptly and responsive to tenant concerns 24/7. Some knowledge of real estate laws and local regulations/ordinances is also beneficial. If you do not have these skills or are not willing to learn them, you may consider hiring a property management company.
- Remember the tax benefits. Owning rental property can provide tax benefits. Although rental income is taxable, mortgage interest, property taxes, maintenance expenses, and depreciation can be counted as tax deductions. Consult with a tax professional to understand the specific advantages and implications of owning rental property in your area.
With planning, owning rental property can be a major source of secondary income. By following the guidelines above, you can make an educated decision about whether purchasing rental property is a good decision for you at this time. If you do not possess all these skills or cannot meet these conditions at this point in your life, at least you know what you need to work towards to be a successful rental property owner. Whether you are unsure about the best course of action or ready to jump in, call Ellerbrake Group Real Estate and we will help you.
One of the advantages to having a home of your own is the ability to have friends and family over for food and fun in your own backyard. If this is your first summer as a new home owner, here are some things to keep in mind to make sure your guests remain safe when you entertain all summer long.
Make sure the area is well lit: Solar lights along all the paths and steps will ensure no one has a misstep after the sun goes down. Fairy lights or lanterns strung above your patio or deck add ambiance. Tiki torches of citronella around the perimeter of your outdoor area will keep mosquitoes away.
Keep a cooler of nonalcoholic drinks in a shady spot: Keeping some water, soda, lemonade, and ice tea in addition to beer and wine will ensure your guests stay well hydrated and drinks will stay cooler longer. Your air conditioner will also thank you because guests will not be fanning the door going to your kitchen all the time.
Provide shelter from the weather: Pop-up thunderstorms can be dangerous if you have lots of people gathering outside. Have a radio or app on your phone that can give up to date weather alerts and be ready to move everyone in your home should severe weather warnings be issued for your area. A gazebo or tent can provide shelter from the heat or a non-severe rainstorm pops up. Keep a few extra umbrellas on hand for lighter showers when people can still sit or stand around and talk while having a drink.
Check your yard ahead of time for hidden hazards/obstacles: You may know that some of your stepping stones are loose or wobbly but your guests do not. Make sure your stones are even and mildew free. Rocky or slick stepping stones can cause a person that is not expecting it to fall. A little sand under each stone can even things out and a mixture of water and vinegar sprayed on the stones can kill mildew. Tree roots hidden by grass or divots from animals digging can also lead to falls, especially on a hillside.
Monitor your pool closely: A pool party can be fun, but you as the pool owner need to make sure basic safety measures are in place before an accident can happen. Make sure ladders, handrails, and steps in and out of the pool are secure. Once you have checked your pool’s chemicals to make sure it is sanitary, but not over chlorinated, make sure your chemicals are locked up. Have an empty cooler on a nearby table to keep electronic devices not only dry, but keep them from overheating in the sun. Have pool noodles, floaties, and other assisting devices in the water for anyone that needs help in the water. Always have an adult present near the pool, especially when children are present. If guests are not allowed to use the pool, make sure the fence is locked and the ladder put away for above ground pools.
Attend the grill at all times when grilling on an open flame: Grill safety begins with a well maintained and cleaned grill used away from trees, weeds, and buildings. Do not grill on windy days. Even flat top grills can be dangerous since the surface can stay hot even when cooking is finished. Keep a fire extinguisher near and pets and children away from the grill.
Keep mosquitos away: Mosquitoes can breed anywhere there is even a capful of standing water, so make sure your yard is clear of old tires, empty flower pots, trays, etc. If you have a pond, make sure it has an aerator or you maintain it with mosquito dunks that kill the mosquito larva. Citronella candles, mint and lavender plants, and other natural pest control remedies will help keep other annoying flying bugs away without hurting humans or pets.
Make sure playground equipment and games are in good condition: Peeling paint, sharp edges, and fraying ropes can be dangerous. Make sure rubber mulch or other soft material is under the equipment and is spread out under the swings. This will help with water puddling and breeding mosquitoes.
Following these tips will ensure everyone wants to keep coming back to your home for summer get-togethers.
Energy-efficient upgrades are a good investment not just for saving money while you live in your house, but can increase the value of your home for potential buyers when you are ready to sell. A recent study by the National Association of Homebuilders (NAHB) found nine out of ten home buyers prefer a home with energy-efficient features and lower energy costs than a lower priced home without the upgrades. Additionally, over half of real estate agents report their homebuying clients are interested in sustainability. Energy-efficient upgrades can boost a home’s value in five ways.
Reducing Energy Costs Can Save Money
Reduced energy costs- When making energy efficient upgrades, the costs you put into the upgrades will quickly be paid off by the money saved in energy costs. Energy Star estimates that Examples of inexpensive ways to reduce your home’s heating and cooling costs include caulking doors and windows for air leaks and replacing old appliances, (including your HVAC system) with new Energy Star Certified energy efficient appliances (use 40% less energy); these appliances are more likely to be electric than gas, which is an additional savings.
Looking to Increase Your Home’s Value?
Larger investments that save more in energy costs and increase home values even more include insulating the attic and walls and installing energy efficient windows and doors to prevent air leaks. Just insulating the attic can save homeowners 15% on energy costs. If you are a long-term planner, getting solar panels will save you approximately $500 per year on energy costs and increase the sale price of the home by as much as $10,000, depending on what the solar market is in your area.
Reducing Air Leaks
Reducing air leaks allows the heat to stay in during the winter and the cool air during the summer, allowing the heating and cooling systems to maintain a comfortable temperature with less work. The less your HVAC system has to work, the longer it will last with little maintenance besides seasonal routine maintenance such as changing your filter and washing the compressor unit. When you invest in these upgrades, you are investing in the overall quality of your home. Energy efficient homes cost less to maintain, which can be a major selling point as energy costs continue to rise.
Increased comfort- Even with the above energy-efficient upgrades, a new HVAC system will allow for an even more comfortable living environment. Homes that are more comfortable to live in are more valuable than those that are not. Homes that provide for a higher quality of life sell for more than homes that are not as comfortable to live in.
Improved air quality- When your home does not have air leaks and the HVAC system can run more efficiently, the air quality in your home naturally improves. Adding a high-quality air filter to your HVAC system can help remove more airborne particles from the air, such as pollen, dust, and allergens. HVAC systems also help control excess moisture that can cause difficulty in breathing for those with COPD or other breathing ailments and mold that can cause serious health problems. Indoor air quality is becoming more and more important for people, especially in the post-COVID era when people realized how easily viruses are spread through poorly ventilated buildings.
Replacing The Garage Door Can Improve Insulation
Another energy efficient upgrade that can improve indoor air quality and reduce heating and cooling costs is replacing the garage door if you have an attached garage. Energy costs can drop by as much as 15% with a new garage door, plus the increase in your home’s value will almost pay for the garage door.
Reduced maintenance costs- A home that is energy efficient has lower maintenance costs. A home that does not need energy-efficient upgrades after closing is likely to sell quicker than a home of the same size and amenities that needs new windows, HVAC, or other major appliances.
Increase Property Value
Increased property value-The biggest reason to make energy-efficient upgrades before selling is the increased property value. A home that has energy-efficient upgrades can be worth up to 10% more, depending on factors such as the area the home is in, the cost of energy in the area, and what upgrades have been made.
Making energy efficient upgrades well before you get ready to move will save you money that can help you enjoy the house you are in until you are ready to move. Before deciding how many upgrades make sense, conduct a cost vs. benefit analysis to see which upgrades are worth the investment.
Many homeowners are beginning to start their spring cleaning lists and decluttering for a fresh start after a long winter. While cleaning your home inside and out, it is a good time to check your home for wear and tear inside and out that may have occurred during the harsh winter months. Checking for damage while it is still minor can save you lots of money than waiting until the damages grow. It is always best to have a handyman, contractor, or other professional do a detailed inspection of the problem area and give an estimate with details of what the repairs entail.
Here are some of the issues to look for when you give your home a good clean.
- Openings in homes where birds, bats, mice or insects can enter. Insects can get into the home in a variety of ways: cracks in the foundation, missing caulking around the windows, rotted wood around windows and door frames, and more. Birds can get into the home in a variety of ways, such as open windows without screens, under loose fitting doors, gaps around conduits, and utility vents. Bats can fit in a hole as small as a dime (3/8”) and often enter through chimneys, louver (attic) fans, air intakes, exhaust vents, openings around plumbing, power or cable lines, spaces around doors and windows, and anywhere exterior siding has shrunk, warped, or loosened. Once you fill in all of the holes these critters are coming in, you will also see a reduction in your energy costs because if the birds, bats, and insects can get in, your air conditioned and heated air can get out.
- Caulk and glaze around windows and doors. Even if you do not have proof of unwanted intruders, a proper seal can help keep mold spores, pollen and other dust out of your living space while enhancing the energy efficiency of your HVAC system. Caulking can also help prevent water damage when used around plumbing fixtures and ceiling fixtures. Most silicone caulk will last 20-30 years if installed properly.
- Clogged outlet drains for gutters. Whether your gutters empty via downspouts above ground or through a pop-up drain away from the foundation, clogs can cause problems for not only your gutters, but your foundation, roof, fascia, and soffit. When rain cannot flow out of the gutters and down to the ground, the water can cause the fascia and soffit that surround the gutters to rot if they are made of wood. Pooling water can also cause damage to the shingles and decking, leading to leaks inside the house and possible mold damage. Water running down the side of the house can damage the siding and cause the basement or crawl space to flood. If you suspect your gutters are clogged, hire a professional that can not only clean the gutters and downspouts but check for damage to the areas mentioned.
- Look for roofing shingles in your yard and loose siding. Howling winter winds can be harsh on the envelope of the house. Have the entire roof checked and the siding so that any other loose pieces can be repaired before they cause a problem.
- Check for water stains on the ceiling in closets and places you don’t always look. Water stains in these locations is a sign of a much bigger problem, such as a slow leaking pipe or a leak from the roof or walls.
- Check for rotten wood on decks. Check both the walking surface of the deck, supports, and railings for rotten boards. If there are only a few with small areas of rot on the ends, you might be able to fill them with wood fill putty or replace individual boards. Once the new wood has cured (if replacing), then power wash and re-stain the entire deck to protect the wood and keep algae from forming, which can make decks and steps slippery. Brick pavers also need to be cleaned for algae by spraying white vinegar on the individual pavers or power washing larger areas such as patios, driveways, and sidewalks.
- Make sure your sump pump is clean and ready for spring rains. If you have installed a sump pump to prevent standing water in your basement, it is important to make sure it is clean and working properly before the first big rain. The first check should be if the filter is clean and the impeller is free of objects that can keep it from spinning. Once those tests are successful, pour a five-gallon bucket of water into the sump pit. The water is drawn out quickly and doesn’t flow back in, you are good to go. If not, there may be a problem with the intake pump, check valve or power supply.
Contact The Ellerbrake Group if you are looking for a good inspector to check out your house to get it ready to put on the market!
Sometimes homeowners think that they can sell their home as easily as they are selling a car or boat. They think by selling their own home, they can save the typical commission paid to a real estate agent. Unfortunately, selling a home is a little more complicated and can end up costing you more than the commission paid to an agent.
For Sale By Owner Issues
Here are just a few of the problems you may run into if you try to sell your home without the help of an agent:
- If you try to sell your house on your own, it will sit on the market longer than a house in the same neighborhood listed with a realtor. This is because realtors have the ability to list a home in multiple locations (the NMLS number on realtors’ websites and professional sites stands for National Multiple Listings Service license that allows them to list a house on sites other than the agent’s such as Zillow and other sites). Realtor’s also have a team of marketers, advertisers, and a host of support staff to make sure your home has high visibility.
- The home owner CAN purchase a MLS license for their home, but the cash will come out of their own pocket instead of free when using an agent. The seller is also going to have additional hidden costs such as paying for signs, flyers, photos, an attorney, home inspection, and home warranty (the last three required in some states when not using an agent).
- For Sale By Owner Houses sell for less than agent listed homes. This is due to several factors. First, there are a lot of factors that go into calculating market value and the average person not in real estate is not going to understand how to read market reports to select a price. Second, marketing a house is time consuming. Finally, if the seller sells to a friend or family member, they will often accept less for the home than they would from a stranger because they want to “cut a deal”.
- If the buyer requests an inspection and the seller doesn’t understand codes, he or she could end up paying for repairs that are really the responsibility of the buyer if the inspector lists “code” violations.
- Real estate agents are less likely to show their clients For Sale By Owner homes because there is no incentive for them to negotiate a deal.
- Legal paperwork- lots of it! If you sell on your own and do not live in one of the states that requires you to hire a lawyer, you will have to find and fill out the sales contract, property disclosures, occupancy agreements, lead paint records, and more on your own. Although ready-made contracts exist, not all states accept them. Closing is not the time to find out that your contracts are not acceptable.
- Lawsuits. If you list a feature of your home incorrectly, forget to disclose something (lead paint), or if you renege on a deal that someone has already given you earnest money towards, you could find yourself sued.
- Other scams can harm the purchaser of a for sale by owner home. Fraudulent papers (appraisals, loan documentation), overpayment in the form of a bad check with a request for a refund, purchases through a fake attorney, or asking for personal information have become more common with advancements in technology.
All of the above issues boil down to one common theme: liability. If anything goes wrong during the sale process, from showing to closings, you alone are liable for false advertising, inadequate documentation, undervaluing your property, and not having the correct documents.
Selling your home through a Realtor solves all of these problems. They do all of the work for you and have staff, insurance, training, and all the resources needed to protect both you and the buyer.
Buying a home should not be a game of “what ifs”. You should not have to worry about if the house has hidden dangers, if the owner is going to change their mind because they discover they have undersold themselves, if the documents you sign are legitimate, or if you find a problem with the house after closing.
There is one time when it may be a good idea to sell your home yourself: when you are a licensed real estate agent.
Most homebuyers dream of owning a home. But before you make the purchase, many steps need to be followed. One of them is the mortgage loan application. Buying a home is one of the biggest financial decisions an individual makes and involves numerous factors such as affordability, credit score, debt-to-income ratio, loan amount, property type, etc. There are various options for mortgage loans, and each borrower should carefully consider their options before taking a loan that suits their requirements best. Read on to understand how mortgage loans work and help you decide which loan option is ideal for you!
Preparing for a Mortgage Loan
You will first need to gather some basic information to obtain a mortgage loan. Preparing for a mortgage loan includes calculating your credit score, estimating your monthly payment, and understanding home financing rates.
Credit Score: A good credit score means you have a low risk of being unable to pay back the loan. Your lender will use this information when determining interest rates and other terms of the mortgage loan.
Estimating Monthly Payment: When figuring out how much money you will need to borrow each month for a down payment on a home, try to come up with an estimate closer to what you would be paying every month if you were purchasing the home outright.
Understanding Home Financing Rates: mortgage lenders will give you various interest rates for different loan types. It is essential to understand the rate you are being offered before deciding whether or not to take out the loan.
Understanding Different Types of Mortgage Loans
There are several types of mortgage loans, including:
- Conventional loans: These are not insured or guaranteed by the government and typically have stricter qualifications for borrowers.
- FHA loans: These are insured by the Federal Housing Administration and are often easier for first-time homebuyers to qualify for due to lower credit scores and down payment requirements.
- VA loans: These are guaranteed by the U.S. Department of Veterans Affairs and are available to eligible military veterans, active-duty service members, and their surviving spouses.
- USDA loans: These are designed to help low- to moderate-income borrowers in rural areas buy a home and are backed by the U.S. Department of Agriculture.
- Jumbo loans are conventional loans that exceed the maximum conforming loan limit set by the Federal Housing Finance Agency.
- Adjustable-rate mortgages (ARMs): These have an interest rate that can change over time based on market conditions.
The Mortgage Loan Application Process
The mortgage loan application process typically involves the following steps:
Gather financial information
This includes income statements, bank statements, and other financial documents demonstrating your ability to repay the loan. Most lenders will also require credit scores and a home equity loan appraisal.
Contact a lender and provide your financial information to receive a pre-approval, which estimates the size of the loan you can afford based on your income, credit score, and other factors. In such cases, you may be required to provide additional documentation or meet certain requirements, such as a down payment.
Use your pre-approval to guide your home search and find a property that meets your needs and fits your budget. As you explore potential homebuyers, ask about mortgage rates, fees, and closing costs. You may also want to speak with loan officers from different lender locations about their products and services.
Submit a formal loan application to the lender and provide additional financial and personal information as required. Also, provide documentation of your income and credit score. Some lenders will allow you to apply online.
The lender will process your application, including a review of your credit report, an appraisal of the property, and a verification of your employment and income. They will also contact you to schedule a pre-approval visit. The loan process can take several weeks or even months, so be patient!
You will be informed if your loan application is approved or denied. The lender will provide you with the loan terms and conditions if approved. Once you have signed the loan documents, the lender will begin processing your mortgage loan.
If you accept the loan terms, you will attend a closing where you will sign the loan agreement and other closing documents and pay any closing costs. This includes taxes, insurance, and mortgage interest. You will be homeowners!
You need to understand that mortgage loan applications aren’t one-size-fits-all. Each loan application varies from borrower to borrower. You must prepare for the mortgage loan application process by gathering all the required documents and information. The mortgage loan application process may seem lengthy and tedious, but it ultimately makes it easier for you and your lender to manage the home loan approval process. At The Ellerbrake Group, we are the trusted real estate broker in O’Fallon, IL. Our team of experts are dedicated to providing you with the best customer service and suggestions for lenders. Bearing that in mind, don’t hesitate to contact us at 618-632-0001 today for a free consultation about your real estate options!
Are you looking to buy a home in 2023? These are 10 questions we are commonly asked. Knowing the answers will help you get the home you want without overspending.
1. What do I need to tell you to help you select homes for me to look at?
The first thing that we have you do is use our Finance Center to see your loan qualifications based on your credit score, and what the current interest rates are. There are many special programs for qualifying buyers who meet certain criteria (see below). Once you are prequalified, you can tell us any special wants you have, such as location, one or two story, or a fenced in yard, and we will work to find several homes that both meet your needs and fit in your budget.
2. Is an older or newer home better?
Each home has its advantages and disadvantages. Buying a newer home does not guarantee that you will not need a home inspection, as some new homes in large scale developments are built quickly and can be made with lower quality materials to keep the cost down.
3. How long does it take to buy a home?
Buying a home can take several months. Factors to consider include the housing market where you are looking, if the current home owners have a deadline to move out, what turns up during the home inspection, how long it takes to get approved for the loan, and how quickly the seller accepts the offer you make. The time the final offer is approved until closing usually takes 30 days.
4. What is the difference between a fixed and adjustable-rate mortgage?
Fixed rate mortgages have fixed interest rates for the length of the loan, usually 15 to 30 years. This allows you to budget a set amount each month for your mortgage. In an adjustable-rate mortgage, the interest rate fluctuates up and down quarterly depending on economic trends. The good news is, you can refinance a fixed rate mortgage once the rates go down. The house you want may not still be on the market when rates drop.
5. Who can qualify for special loans?
Loans are available for first time home buyers, military veterans, and rural homeowners.
6. What kind of credit score do I need?
Lenders prefer a credit score of at least 620, but some will accept scores of 580 and lower.
7. How much of a down payment do I need to bring to the closing?
Depending on what type of loan you are approved for, you will be expected to bring between 3 and 5% of the purchase price. USDA and VA loans do not require money down at closing.
8. Why should I use a Realtor?
A Realtor is your personal shopper that will do all the leg work finding properties that meet your needs and help you communicate with the seller and their real estate agent. From your initial consultation all the way to closing, your Realtor will deal with all the paperwork, negotiations, and inspections. Best of all, there is no cost for you to hire a Realtor! He or she gets paid a percentage from the sale of the house from the agent that listed the house.
9. Do I have to have a home inspection?
While most of the communities in our area require an occupancy inspection before closing, a home inspection is not required. However, the few hundred dollars you spend on a home inspection can save you thousands is much more in depth and can save you thousands of dollars in repairs after closing if there is broken, malfunctioning, or unsafe appliances such as a water heater or HVAC system, pipes, or electrical wiring in the home.
10. What happens at the closing?
Closing is the time when the buyer, seller, both real estate agents, lawyers, a representative from the title company, and if needed, the lender or a bank representative meet for the signing of all of the papers and you will receive the keys to your new house. This is also when you will pay your 3-5% down payment and any closing costs of 2-7% of the closing price, so bring your checkbook (no cashier’s checks necessary) and be ready to pay Because there will be a lot of people juggling schedules to be there, make sure any issues that were found during the home inspection were fixed. This is NOT the time to report issues! You also need to make sure ahead of time that there are no liens against property you currently own (this can happen without your knowledge if you have a custom build or renovations done without a contract that a contractor did not pay the supplier for materials). Make sure to bring a state issued ID (the title and mortgage will have your name listed this way) and proof of home owner’s insurance.
A major component of any new home purchase is the inspection. It may be tempting to save a few dollars (some inspections cost under $100) and skip the home inspection, but skipping the home inspection may cost more in the long run-like when the roof leaks the first time it rains or the hot water heater springs a leak because it is rusted- and you’re stuck with thousands of dollars in repairs. It is important to note that while a home inspection is not required, an occupancy inspection is required in many areas, especially areas with older homes.
The occupancy inspection is a quick 30-minute inspection by the municipality’s code enforcement department looking for major safety issues, such as GFCI outlets not being installed near water sources, cracked sidewalks, broken windows, mold, smoke detectors and carbon monoxide detectors (Illinois now requires 10-year smoke detectors be installed effective January 1, 2023), handrails, and peeling paint. Deficiencies in these areas must be corrected by the seller at his or her expense before the sale can happen.
A home inspection, on the other hand, is requested and paid for by the buyer and is much more detailed. A home inspection usually takes between one and three hours and is an inspection from roof to foundation only looking for repair issues that can easily be seen, such as electrical outlets and lights not working, HVAC systems and appliances that do not work properly, leaky pipes and faucets, a wet crawl space, basement, or other foundation issues. For example, if the inspector flips a light switch and the light doesn’t work, he or she is not going to know if it is the lightbulb or the wiring, he or she will just mark on the inspection “light does not work when switch is flipped”. The inspector will not move furniture to take things apart to look for problems.
It is your right as a home buyer to request a home inspection. Likewise, the seller has the right to sell the home “as-is”.
A home inspection DOES NOT include the flooring (unless there are tears in the carpet that can be a tripping hazard or the floors are uneven), old appliances, or paint color.
In the early part of 2022, home sellers were waving contingency to get an inspection because they could choose from multiple buyers without having to make any repairs. Because VA and FHA lenders require an appraisal calling out safety issues before issuing a loan, an additional inspection is not necessary.
In general, there are three major reasons why people skip the home inspection. In a seller’s market, buyers who do not ask for an inspection have an advantage over the other buyers. Second, some buyers mistakenly think that because the house was just built or is not very old that it will not have any problems. Finally, some buyers think they can’t afford the inspection, and end up paying more in repairs after they have closed.
Sometimes, the seller will pay for a pre-inspection. This is more likely to happen in a buyer’s market to eliminate the time used for an inspection contingency.
Your real estate agent can provide you with a list of three home inspectors if you do not already have one. He or she will not make the selection for you. In Illinois, the home inspector is required to be licensed. Once you have decided to get an inspection, there is only a 30-day window in which the entire process, from the time the contract is signed and the response is sent to the seller. The inspector will also need to be paid before the report is given to your agent to deliver to the seller.
Once you select an inspector, choose the first available date when you can go to the house at the end of the inspection (you do not need to be there for the whole inspection but it is recommended to have the inspector go over all of the findings with you). It generally takes 20 days to get the inspection and turn over the results to the seller, then the last 10 days for the seller to communicate if he or she will fix or replace the issues found or tell you “oh well”.
If the seller agrees to make the repairs, make sure they are completed and you are satisfied with the job before you close the sale. If the seller goes with the last option, you can then ask your agent to negotiate for a lower sale price to cover the cost of the repairs that need to be done.
A home is a large investment. A home inspection is a smart investment to make sure you are getting what you paid for.
When reading articles on how to get the most money when selling your home, a tactic that is most often brought up is to increase the curb appeal. Curb appeal is about more than what color your house is or if your lawn is mowed. A few hundred dollars now could net you thousands of dollars at closing.
A major component of curb appeal is landscaping. Think of landscaping for your house. What the right jewelry can do for a little black dress or tie and pocket square for a conservative suit. Those accessories are what makes something with very little personality in a sea of likeness stand out from the crowd. So now, think about your plain house that looks just like every other house on your street. There are other houses on your street that have been for sale for some time. You wish you didn’t have to sell, but your job is transferring you out of town. How do you “dress up” your plain house and make it the first to sell? New landscaping!
New Landscaping in O’Fallon IL
New landscaping to sell your house with The Ellerbrake Group should not cost a lot of money. A few, small touch ups and upgrades, and simple maintenance will set your house apart from the others by highlighting unique features. Replacing traditional thick shrubs that cover the front of the house and have to be pruned every year with a simple garden of native flowers that don’t need watering during the hot summers will allow the entire neighborhood to enjoy the birds and bees that will stop by for a snack. Try to pick plants with blooms that complement the color of the house and draw attention to the trim colors if you have any. Make sure you leave a map with names of the plants somewhere in the house so the new owners know what they are if the tags get blown away or moved by wildlife rooting around. Replace any mulch you have with a thin layer of multi-colored rock that doesn’t have to be replaced each year and helps control water evaporation. Use retaining blocks or bricks that complement the color of the exterior of your house to make the beds stand out.
If you have a unique feature on the side of your house such as bay windows, try framing the outside of the set of windows with a taller, flowering bush that can be enjoyed indoors as well as outdoors.
Make sure any wood accessories, such as the fence, swing, or other outdoor furniture is clean, painted, and in good condition. Throw on some new cushions and put color coordinated pots of seasonal annual flowers around the sitting area.
If you have mature trees, make sure they are in good health and any dead branches are removed. Many times, if there is a problem with a dead limb hanging over the house or branches of any kind touching the house, the buyer will ask to have you solve the problem before closing or take the cost of having it done themselves out of the sale price.
If there are water features in your landscaping, make sure they are in excellent shape too. Make sure the water is cleared of any debris and if the fountain or filters don’t work, replace them and add a mosquito larvae control tablet to the water, available at any home repair store. Make sure all outdoor water faucets are leak free and if you are leaving hoses and attachments, that they are leak free also. If you use an irrigation system, make sure it is working and the new owners know where the lines run in the yard, as well as how often you would run it.
Keeping Safety In Mind
Another important consideration in your landscaping for curb appeal is if it is safe. Paving stones can become coated with moss and mildew, making them slippery, increasing risks for falling. If outdoor lighting along sidewalks and driveways is minimal or non-existent, install a few solar lights in key locations, such as the apron of the driveway, the main sidewalk to the front of the house, and at the base of any stairs leading into the house or patio.
Even if you are not moving, having a unique sense of curb appeal will lead to your neighbors taking more pride in their landscaping. Many communities offer awards to homes with the best landscaped yards during the spring and summer, as well as offer tours of yards that their owners have taken extra pride in with unique arrangements and combinations of greenery, flowering plants, and hardscaping. A well landscaped, low maintenance yard is also more enjoyable all year long.
If you ask your real estate agent for advice on the best time to sell a house, you are likely to hear them say, “sell in the spring and the summer months.” The St. Louis area real estate market doubles its sales volume from winter to summer. The sales volume at different times of the year is vastly different.
In most cities, summer tends to see more homes being sold than winter. Some people believe that summer is the best season to sell or buy, but this is not always true. A townhouse downtown may sell easily in winter while a property with five acres with horses might have difficulty selling. It all depends on the particular circumstances of each deal.
This article is not meant to convince you to buy a winter home or to suggest that this is a good time to buy. It’s meant to help you evaluate your situation and decide what is best for you. Be objective as we discuss the pros and cons to buying a winter home. We want you to truly understand the benefits and costs.
This information may change depending on where you live, but for those of us in the Midwest, we experience all of the seasons. You will notice a significant decrease in winter sales volume if you live in an area with heavy snowfall. States like Florida, which receive little snow in winter months, may experience a rise in home sales during the winter months. Our market in St. Louis sells half the homes during Winter.
PRO #1: SELLERS WANT TO SELL
Most Realtors recommend that you wait until spring to sell your house. If the seller is listing in Winter, it’s possible that they need to sell their home soon.
Negotiations can be easier when you buy a Winter house. This doesn’t mean that you can offer the lowest price, but it does mean that you have more leverage if the seller has not acquired multiple offers.
PRO #2: LOWER COMPETITION
It’s less likely that buyers will be looking at homes in winter so you won’t have to compete as hard during the winter months. There is less pressure to view a property on the day it goes on the market.
You may be able to take your time, and not rush to make an offer.
PRO #3: MORE ATTENTION FROM THE REALTOR
Real estate professionals often have slower times in Winter because there are fewer buyers. Real estate agents are often overwhelmed by house hunting inquiries during the peak season. It can be difficult to get the best service from a Realtor who is busy in the middle of summer.
Winter months are easier for real estate professionals. This means that you will likely get more attention and one on one advising.
PRO #4: MEDIAN SALES PRICE CAN BE LOWER
Higher prices are a result of increased competition. At the peak of the summer market, bidding wars and multiple contracts are common. If there is less competition, you may pay less to buy a winter home.
PRO #5: EASIER TO HIRE GENERAL CONTRACTORS
Many homeowners who purchase older homes intend to remodel them. You will need to hire an aggressive contractor if you want to remodel your home before you move in. Contractors can be difficult to find, especially in the St. Louis region.
You’ll have a better chance of buying a house and remodeling it during the winter months, when contractors are less busy. Winter may be a good time to remodel your home.
PRO #6: LESS CRAZY MARKET CONDITIONS
The real estate market can get crazy with the increase in homes on sale from winter to spring. Buyers might decide to sign appraisal clauses and inspection contingencies that waive their rights.
Buyers need to be able to move quickly when the market is moving fast. Buyers may have to give up the luxury of a home inspection. It can feel chaotic and out of control when the process moves too quickly. This is why some buyers wait until winter to purchase a home.
CON #1: CERTAIN ITEMS ARE HARD TO INSPECT
Because of the hail damage caused by hail storms, roof repairs are the most common item inspectors find in St. Louis. Air Conditioning Inspectors are unable to test and run the outside units in cold conditions, so it is hard to inspect the air conditioning unit.
CON #2: FEWER HOUSES ARE ON THE MARKET
Winter has half the number of homes for sale than summer. Winter is a less popular time to find a unique home.
If you have specific search criteria that are difficult to meet, it’s twice as likely that you will find the unique property you want when the listing inventory doubles during the summer months.
CON #3: IT IS HARD TO MOVE
Moving in winter is hard enough, let’s face the facts! It can be difficult to move in the winter, especially in snow storms or when it is poor weather.
It’s very difficult to have movers move boxes into and out of your home when it’s freezing outside. The snow will eventually get into everything and melt inside the house.
Some people prefer to wait for spring because of the hassle involved in moving and dealing with snow, especially in snowy regions.
CON #4: LANDSCAPING EVALUATION IS HARD
If your last house was purchased in November. The landscaping was still barren during the winter months. When Spring comes you may be surprised at the quality of the landscaping.
Also, trees that looked dormant during the winter may actually be dead when spring arrives. When you’re deep in winter, it is almost impossible to predict what landscaping will look like around your home in summer.
CON #5 – LESS DAYLIGHT FOR SHOWINGS
The St. Louis area begins to get dark after the fall daylight savings time change. This happens around 5:30 p.m. It is much more difficult to view homes at night because of this challenge.
It will be light in the summer months until about 9:00 p.m. In winter, the lack of daylight can cause problems with your schedule.
CON #6: CHANGING MID-TERM SCHOOL CAN BE HARD FOR KIDS
Moving schools halfway through the school year can cause major disruptions for families with children. This is why there are more summer homes that are sold when children are not in school.
The school year schedule has a significant impact on the real estate market in the United States. It also significantly increases summer sales.
Finding a realtor that you trust and feel comfortable with is the best advice I can give to any home buyer. The Ellerbrake Group will work with you to understand your needs and help you create a plan of action.
A great Realtor will help you understand all of your options and advocate for your best interests.
1. Roof Damage
The roof is one of the most important components that an inspector will inspect during a home inspection. It’s also one of the most essential parts of your house. A list of potential problems that could arise from a roof leak can cause buyers to pull out of a deal. This can lead to costly repairs.
Your roof’s condition will depend on many factors. Your roof will need more attention if you live in harsher climates than those in milder areas.
These are the things that an inspector will be looking for when inspecting a roof:
- Sagging – When the joists in your home become weak and are unable to hold the roof in its place, this is called sagging. Poor drainage or large amounts of snow can worsen this problem.
- The overall condition of the roof sheathing, especially in areas surrounding chimneys or other roof penetrations. Leakage can be identified by looking deeper into your attic.
Two ways an inspector can assess your roof are available. The inspector will inspect your roof if it is possible and if it is safe to do so, they will take a walk on the roof in order to assess its condition.
They will then enter your attic. They can inspect the attic to find any leaks that may have occurred in the past or present. You will also notice signs of roof sagging, spreading, or twisting of the wood framing in the rafters.
Feel free to call The Ellerbrake Group for a list of trusted contractors that can perform these detailed inspections.
2. Electrical Issues
Electrical wiring issues are responsible for many home fires every year. The electrical system is an important component of home inspection. Newly built homes will have very few electrical problems. Older homes that have faulty wiring are more susceptible to fire.
These are some of the most common issues that an inspector will discover with electrical wiring:
Fraying and exposed wiring
Overheating can be caused by painted outlets. These are common in properties that were once rented.
Reversed Polarity – This means that the hot, neutral and ground slots of plugs have somehow been mixed.
Aluminum wiring – Aluminum wiring was more economical than copper wiring in late ’60s or early ’70s. However, it can also contribute to the possibility of a fire in your house.
Incorrect modification of electrical panels can lead to flickering lights, or switches and outlets not functioning correctly.
Missing knockouts or missing rectangular shapes in a panel
An inspector will inspect your home for any problems with your outlets and electrical panels, as well as your light fixtures and the wiring. They will also include suggestions for updating the system if they feel it is necessary. If they feel that a particular area needs to be addressed prior to move-in they will indicate it.
Some electrical repairs will not cost much. It can cost as much as $30,000 to rewire your entire house in some areas.
3. HVAC Service
The HVAC system in your home consumes almost half the energy used in your home. Your HVAC system works hard each year to maintain your home’s climate control. It will eventually need to be serviced on a routine schedule. Many people neglect to service their HVAC systems annually, which can lead to problems during a home inspection.
An average home inspector won’t do a thorough inspection of the furnace or AC. It is a good idea to hire an HVAC specialist to inspect your HVAC system if it is more than ten years old. This will allow you to determine the remaining lifespan of the unit as well as project future repair costs.
Here are some common HVAC problems:
Most common problem: Dirty filters
Improper Flue Installation
Cracked Heat Exchange
4. Plumbing Problems
Home inspection reports often include plumbing issues. Plumbing problems can be very common in a home and quite costly. Most plumbing problems are not apparent to homeowners until they are inspected.
Usually, an inspector will inspect your plumbing for the following:
How water flows from your taps efficiently
How well your drains function
And whether your toilets flush.
Although a home inspector won’t be as thorough as a professional plumber, they can give you a general overview of any issues that may need to be addressed when you move in, if any.
They may recommend professional plumbing inspections if they feel there is a greater problem. You can rest assured that most plumbing problems found in a home inspection are minor.
5. Water Damage
Water damage is difficult to spot. This issue can be difficult to identify, but inspectors have the training and experience to resolve it.
The roof is often the first place where water leaks and it will move downwards. When inspecting for water damage, inspectors will typically start at the roof. Here are some signs that water damage has occurred:
- Cracks, holes – Water can easily enter your home through cracks or holes in exterior walls.
- Damp floors and carpets
- Stain on walls and ceilings– Inspectors will still look for mold growth, even if there is an old leak that has been fixed.
- Peeling wallpaper – This could indicate a leak behind your walls.
- Musty odors This can indicate mold buildup and is often caused by water leaks.
Water intrusion can be caused by small leaks. However, your inspection report will detail the extent of the problem. It will also explain what steps you should take to remedy the situation, if necessary.
Another common source of water damage could be due to the sump pump backing up or the sewer line backing up. The Sump Pump is important to test and make sure that it is functioning properly. If there is an access point to the sewer line, it may not be a bad idea to have a licensed professional plumber come out and put a camera down the sewer line in order to identify possible issues that could cause water to back up.
There are many issues that can pop up during a home inspection report, so be prepared to contact service specific contractors if you are selling your home so that the proper work can be completed before any inspections even need to be completed. Many of these service base businesses exist in the area, but feel free to give The Ellerbrake Group a call if you are interested in working with someone we have used frequently in the past.
Buyers are searching for homes with a modern, sleek aesthetic and lots of natural light. These are some of the requirements for many older homes.
It is important to reduce costs and avoid major renovations that will have a low rate of return. It is important to be functional, not extravagant in the kitchen or bathroom.
It is important to remember that the more you invest in renovating an area, the less it will return on your ROI depending on the type of materials used.
Here are 7 options for improving the value of your home:
1. Remodel Your Bathroom
To add value to your house, a bathroom remodel does not have to be extensive. You can make your bathroom more functional by updating the flooring, fixtures, toilet and lighting. This will allow you to get back most of what you have spent.
Many master bedrooms include en-suite bathrooms. The master bathroom is the most return-friendly of all the bathrooms. You may want to remodel your master bathroom if it is not connected to your master bedroom. This will instantly increase the value of your home.
You can increase the value of your home by replacing old light fixtures, countertops and cabinets. Bathrooms are second in return on investment after kitchens.
To increase your home’s value, upgrade it.
2. Modernizing The Kitchen
Your kitchen is one of the most important home renovations. Before they visit a house, buyers often first look at the kitchen. Buyers want a kitchen that has been updated before they move in so that they don’t need to remodel.
A small kitchen remodel can bring in a good portion of your investment, but a larger remodel might only make up half the difference. When replacing your kitchen, be strategic.
Remodeling a kitchen is possible in many ways. It doesn’t matter if you are focusing on changing the light fixtures or adding a new layer of paint. Be careful when installing granite countertops and new cabinets, these can be the most expensive part of a kitchen remodel.
A minor kitchen remodel will typically recoup more than major renovations. You can make some of the most important updates to your kitchen by replacing the flooring and installing a new faucet and stainless steel sink. If you have solid wood cabinets, you may consider refinishing them instead of installing new ones.
3. Replace Your Old Carpet
Old and stained carpet can be a problem for home buyers. It is easy to have your home look new by replacing the carpet.
Hardwood flooring is more expensive than carpet. Although carpet isn’t as durable as hardwood, it is easier to replace. We recommend that you replace carpet that is older than three to four years.
4. Refinishing or Installing Hardwood Floors
Hardwood floors are a very popular choice. Wood flooring is a popular choice for homes that have been around for many years. It continues to add value to homes.
Hardwood flooring is a great investment for pets, if the current carpeting is a bit stained or shabby. Hardwood floors can be refinished for a fraction of the cost to completely replace them.
5. Use a neutral paint for your walls
It is easy to increase the value of your home by painting rooms. Paint is an inexpensive upgrade that homeowners can do themselves.
Choose lighter and more neutral colors that appeal to a wider range of buyers. This allows buyers to easily imagine bringing their belongings and furniture into the home, without them clashing.
The addition of paint to a room can make it feel brighter and more open. If you have walls that are painted in neutral colors, assess if your moldings, trim, and windows require a new coat of paint as well.
6. Create An Open Floor Plan
Many older homes have closed floor plans which compartmentalize space. This design was very popular in the past, but it is now a rare trend.
A home will feel larger and more spacious if unnecessary interior walls are removed. Extra support pillars and beams may be required for load-bearing walls, but the many interior walls can be moved or removed.
Open floor plans are more flexible in design and decoration. Open floor plans allow for more natural light to enter. Designers favor open-plan designs, such as the living and dining rooms, kitchens, and living spaces.
Remember that your home needs structural support. You could have a cracked ceiling or sagging ceiling if you choose the wrong wall. Before you start hammering away with a sledgehammer, consult a professional. Understanding the structural integrity of your house is essential before you attempt to remove walls. Give The Ellerbrake Group a call if you need any suggestions for good home remodeling professionals.
This type of project is difficult to value because results will vary depending on the layout of your home. This is a great way to instantly add value to your home.
7. Finish the Basement
Unfinished basements can be finished to increase the square footage and value of your house. A finished basement can provide a decent return on your investment depending on how expensive the materials are.
A basement remodel in St Louis MO can turn an unused area into a home theater, an additional living space, or even an office. These improvements can make your home more expensive than it would be without the extra square footage.
Before you start to remodel your basement, there are many things you should consider. This type of project often involves flooring, drywall, painting, and adding light fixtures.
Before you decide what to do in your basement, consider where the light comes from. Natural light should be allowed to enter rooms as often as possible.
Because of lingering dampness, basements can be a natural breeding ground for mold. It is important to think about how to best allow airflow and prevent moisture buildup in isolated areas.
Many of these home improvement options can help to improve the marketability of your home. You have to determine what steps will yield the best return on investment for you and your family. We suggest that you set aside a budget for upgrades, cleaning, and improvements and start with the easier tasks that you can take care of on your own.