1. Hire a Professional
While it’s great to be handy around the house, it’s important to assess the potential risks of taking on a project before you take the DIY approach. When in doubt, hire a professional. Two situations where this is particularly true are plumbing issues and tree removal. In both cases, the potential damage to your property is just not worth the risk.
2. Research and Get Multiple Bids
In the event that you decide to hire a professional for a project or repair, make sure to get multiple bids before you decide which service to go with. Prices can vary a lot, but remember that the lowest price is not necessarily the best option. Try to get recommendations from friends or check a service like Angie’s List.
3. Don’t Drill Random Holes
Artwork, shelves, and other items hung on the walls are part of what makes a home your own. But be cautious about where you drill holes. The walls of your home contain wires and cables as well as plumbing pipes and ductwork. A stud sensor can locate cables, studs, and ducts. It’s a battery-operated tool that costs about $25, making it a worthwhile investment for any homeowner. Some additional rules of thumb for drilling holes- avoid drilling holes that are deeper than 1 ¼ inches and avoid areas that are 8 inches to 2 feet from the floor, as they are full of wires. Also avoid the spaces that are directly above or below wall switches.
4. Find the Main Water Shutoff Valve
A burst or broken plumbing pipe can be a major disaster for your home. In the event of such an emergency, you will need to act quickly to prevent extensive water damage to your home. Water damage is a very common problem for homeowners, so every homeowner should know the location of the main water shutoff valve. It can be found where a water main comes into your home. It’s worthwhile to make sure everyone in your home knows where to find it and how to turn it off. If the valve is difficult to operate, use some penetrating oil on it to make it work more smoothly.
5. Call 811 Before Digging a Hole
When warm weather hits, resist the urge to start digging up your new yard to plant flowers. Before you dig any holes in your yard, be sure to call 811, the national dig-safely hotline. The hotline is a free service that will get in touch with all your utility providers, who will come to inspect your yard and locate underground pipes, wires, and cables. Once these items are safely identified and marked, you can be sure that you won’t cause any problems with your gardening ambitions. In some states, it’s the law that you must call 811 before digging on your property, so it’s definitely the best way to go.
6. Check the Slope of Your Foundation Soil
Water from rain and melting snow can saturate the soil surrounding your foundation. As the pressure builds up over time, it can cause leaks and even crack your foundation, which results in the need for extensive repairs. You can prevent this from happening by making sure that the ground around your foundation slopes downward from your home about 6 inches over 10 feet of ground. Another way to avoid damage to the foundation is to ensure that your downspouts take water about 5 feet away from your home.
7. Know Your Attic
First, make sure you know the location of your attic. Most attics are accessed by a ceiling hatch, which is usually a square or rectangle area with molding around it, located in the ceiling of a hallway or closet. The hatch can be pushed straight up, and you can access the attic with a ladder. Second, you’ll want to make sure your attic has adequate insulation. Measure your insulation to make sure it’s deep enough. Typically, the recommended insulation is R-38, or about 10 to 14 inches deep. You’ll want your hatch to be insulated as well. If it isn’t already, you can use a 4-inch-thick foam board glued onto it.
8. Replace Your Filters
Filters in your AC and furnace need to be replaced on a regular basis. It’s best to check what the manufacturer recommends to know how often they need to be replaced. Also be sure that you use the right size filter when you buy replacements.
9. Check Smoke Detectors
Test your smoke and carbon monoxide detectors regularly to make sure that they work properly. These detectors can actually save your life, so it’s of utmost importance for homeowners to check them regularly. Even though some models will sound an alarm when the battery is low, it’s best to make a habit of testing them yourself on a regular basis.
10. Get an Annual HVAC Inspection
Be sure to have an air conditioning maintenance appointment once a year. This way you will be able to make sure that your cooling and heating systems are functioning well and at ultimate efficiency, which will save you money on heating and cooling in the long run.
Selling your home is a big step. How do you know you’re ready to sell your home? Here are 8 signs that you’re in a good position to sell your current home and buy a new one.
1. You have positive equity in your home
Equity is the difference between what your house is worth and what you owe on your mortgage. So if your house is worth $300,000 and you owe $200,000, then you have $100,000 of positive equity. Most homeowners have positive equity in their homes, but it’s possible to have negative equity if your home is now worth less than what you paid for it. How much equity do you need to sell your home? Unless you have to do so to avoid foreclosure, don’t sell your home unless you can sell it for more than you bought it for. In terms of what you need to buy a new home, it’s best to have enough money from the sale of your current home to make a 20% down payment on a new home and to be able to pay for closing costs and moving expenses.
2. You’re free from debt outside of your mortgage
The best case scenario for buying a new home is that you are financially secure, with no debt outside your mortgage and enough cash in an emergency fund for at least 3 months of expenses. However, it is possible to carry some debt outside your mortgage and still be approved for a loan for a new home. Lenders will look at your DTI, or debt to income ratio to decide if you’re eligible for a loan. A favorable DTI is less than 43%. To figure out your DTI, add up all your monthly debt and divide it by your monthly income. For example, if your monthly debt is $500 and your income is $3,000, then your DTI is 16%.
5. You have cash for home improvements
In order to get the most out of the sale of your current home, it may be necessary to make some upgrades. Typically, the best places to invest money are in paint jobs, the exterior of the house, and upgrades to the kitchen and bathrooms. Home improvements aren’t a must-have, but having the cash on hand to update your home and maximize its value is a good sign you’re ready to sell.
6. You're emotinally ready to sell
While you may be financially in good shape to sell your home, it’s also important to assess whether or not you are emotionally ready. Can you handle the criticism of your home that potential buyers may make without taking it personally? Are you ready to let go of the memories that you created in your home? Are you prepared to put in the work to get your home ready for the market and keep it ready to show for weeks or months? These are some of the questions you will need to answer in order to determine if you’re emotionally ready to sell.
7. Your current home no longer fits your needs
Whether you need more space to accommodate new family members or you’re ready to downsize, it’s important to assess whether your current home fits your needs. Changes in your family size or lifestyle indicate that you’re ready to sell.
8. You’re in a sellers market.
Do some research and find out the state of your local market. If you're in a seller’s market, meaning that demand for homes is greater than the number of homes available, it’s a good time for you to sell. In a seller’s market you’re likely to get multiple offers on your home that are competitive and you’ll be able to make money off the sale of your home, which is always the outcome you want as a seller.
In summary, to determine if you’re ready to sell your home, you’ll want to take stock of your financial situation, your emotional situation, and the state of the local market. If these three factors are all working in your favor, it’s a sure sign that you’re ready to make the move of selling your home.
Moving into a new home is an exciting time, and you’re probably daydreaming about decor and paint schemes and new furniture. But before you get into the fun stuff, there are some basics you should cover first.
Change the locks
Even if you’re promised that new locks have been installed in your home, you can never be too careful. It’s worth the money to have the peace of mind that comes with knowing that no one else has the keys to your home. Changing the locks can be a DIY project, or you can call in a locksmith for a little extra money.
Paint and Renovate
If you are planning on painting and/or doing other renovations, line up the contractors for right after closing. Not having your items in the house will make the process go smoother for the contractors.
Steam clean the carpets
It’s good to get a fresh start with your floors before you start decorating. The previous owners may have had pets, young children, or just some plain old clumsiness. Take the time to steam clean the carpets so that your floors are free of stains and allergens. It’s pretty easy and affordable to rent a steam cleaner—your local grocery store may have them available.
Call an exterminator
Prior to move-in, you probably haven’t spent enough time in the house to get a view of any pests that may be lurking. Call an exterminator to take care of any mice, insects, and other critters that may be hiding in your home.
Clean out the kitchen
If the previous occupants wanted to skip on some of their cleaning duties when they moved out, the kitchen is where they probably cut corners. Wipe down the inside of cabinets, clean out the refrigerator, clean the oven, and clean in the nooks and crannies underneath the appliances.