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How to Create a Proper Budget for Any Renovation

November 18, 2015 by · Leave a Comment 

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or SmallWhether you’re readying to put your home on the market or you haven’t updated your space in a while and want to modernize, approaching renovations can be a struggle. With so many things to fix up, both large and small, it can seem overwhelming to prioritize, set the money aside and get to work. If you’re having trouble figuring out where to begin with budget, here are some tips for how to properly prioritize so you can maximize your renovation expenditures.

Determine What Is Most Important

Whether it’s the tile floor in your bathroom or the outdated kitchen sink, if the need for an upgrade in a certain part of your home has been staring you in the face for a while, you’ll want to begin there. By determining your first priority and the no-frills cost assessment of completing it, you can arrive at the cost of what renovating the item will mean. Once you’re in the ballpark, you can then move on to any additional features or accessories that may perk up your basic renovation.

Add A Little Extra To The Budget

The downside of any budget is that costs will always come along that were not predicted, and they can entirely break the bank and your original projections. Instead of hoping for the best, add some extra money to the outline of total expenses for your renovation so you can be prepared for some of the hiccups that will come along. This will ensure that you have the financial wherewithal to complete the renovation and won’t be disappointed in the final outcome for your finances.

Consider Where You Can Cutback

Whether you’ve been dreaming of a new living room set for a while or replacing the flooring in the kitchen, you can update the area of your choice while still economizing in other ways. For example, if you’re going for modern eclectic in your living room, you may want to splurge on an updated couch, but you may be able to save by purchasing a retro coffee table online or a unique side chair that’s secondhand to go along with it. This may provide a unique upgrade, without all the expense of in-store purchases.

It can be hard to know where to begin when it comes to revamping your house, but it’s important to start with what you really can’t live without and move outward from there. If you’re curious about home renovations and how they can improve the market value of your home, you may want to contact your trusted mortgage professional for refinancing options that will work for your situation.

James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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Why Hardwood Flooring Should Be on Your Renovation List

October 2, 2015 by · Leave a Comment 

DIY Home Upgrades: 5 Reasons Why Hardwood Flooring Should Be on Your Reno ListWhether you’re planning on selling your home soon or you want to do a few minor renovations for your own enjoyment, an ailing hardwood floor may be on your list of things to tackle. While this can be a more difficult renovation to complete than many other household items, here are five reasons you may want to move it to the top of the list.

An Issue with Structure

If there happens to be any glaring structural issues with your hardwood, a complete do-over will be a necessity if you want to sell your house in the future. While this will likely involve fixing the sub-floor under your hardwood, this will dramatically improve the overall health of your home.

Experiencing a Lot of Movement?

A lot of movement in your hardwood floor can be a sign that it’s time for a fix up. If you’re already planning on refinishing your floor for an instantly improved look, this fix-up will need to happen before you can take that necessary next step!

Worn-Out or Over-Sanded Wood

Whether your boards are worn down in spots from excessive use or sanding, this is an issue that will instantly age the look of your living space. If you’re noticing the boards coming apart at the ends or nails jutting out, it’s definitely time for an overhaul.

Upping a Home’s Market Value

There may be a few things a homebuyer will be willing to fix in a new home, but flooring is unlikely to be something they will want to replace right off the bat. By upgrading this before it’s an issue, you can easily make your home a lot more attractive to potential buyers and increase the value of your home.

It’s an Instant Facelift

There are few things that will be as apparent as the look of the floor when entering a room, so having dull, scratched hardwood will instantly downgrade the appearance of your living space. If more than expected wear and tear has occurred, an updated floor can completely shift the look of your place!

If you’re planning on improving your home and tackling a home renovation soon and are not sure where to begin, you may want to assess the quality of life left in your flooring. As this will have a marked impact on the way your home appears, fixing your floors can help to improve the market value of your home. If you’re wondering about other renovation upgrades consider contacting your local mortgage professional for more information about a home refinance loan and what will add the most value for your investment.

James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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Get Your Lawn Ready For Spring

March 28, 2014 by · Leave a Comment 

Get Your Lawn Ready For SpringIf you live in a climate where your yard has been hibernating for months, then you’re probably ready for warmer weather and a hint of green outside your kitchen window.

So, in preparation for children running on lush grass through spritzing sprinklers, use the five tips below to get your lawn ready for spring. It will reward you with picnic perfect grass all summer long.

1. Clean Up Winter’s Clutter

Take a rake and remove all of the dead leaves and debris left over from the winter months. Leaving a layer of last-year’s foliage on the ground can smother your grass and hinder your lawn’s growth.

Once your yard is clear, spread a thin layer of compost to enrich your soil and provide nutrients for when you grass is ready to sprout.

2. Aerate Your Yard

Compacted soil makes it hard for roots to grow and water to drain and distribute throughout your yard. So rent an aerator. It uses steel tubes to take plugs from your lawn. These holes will allow air and water to penetrate your soil, which will create healthier and lusher grass.

3. Check Your Soil’s PH

Most grass and plants grow best when your soil’s pH level is between 6.0 and 7.0. Some plants like a little bit more acidic soil, such as hydrangeas and azaleas. Plants grown in soil with their proper pH level are healthier and more resistant to disease. You can buy soil test kits at local garden centers.

4. Prevent Weeds From Growing

Once you’ve aerated and only if you’re not planning to plant new grass seed, then distribute a chemical weed preventer, which can be found at any home improvement store. When watered, it creates a barrier on the soil to keep weeds from sprouting.

5. Have Your Lawn Mower Inspected

Your lawn mower has been sitting idle all winter, so give it a tune-up before those first blades of grass get too long. Take it into a local service shop to have the carburetor and fuel lines cleaned and the blades sharpened. This will make it run more efficiently and put out a little less pollution.

Even if you live in a warm climate and your flowers have been blooming all year, spring is the perfect time to do an annual assessment of your yard.

WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

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Kick Clutter to the Curb With These Home Cleaning Tips

March 21, 2014 by · Leave a Comment 

It's Almost Spring Cleaning Time! Kick Clutter to the Curb With These Home Cleaning TipsSpring is around the corner, and it’s time to get your home in order!

Spring cleaning can be fun and easy if you follow some general guidelines, which are sure to get your home ready for the nice weather and looking as beautiful as the weather is about to. Kick the winter clutter to the curb with these spring cleaning tips.

Start With The Closets

Spring is here, and winter wear is no longer needed! It’s time to box up all of the winter boots, jackets, gloves, and scarfs until next season.

Starting your spring clean with your closets is a good tip, and will get you prepared for the rest of the process while creating more space and organization in the bedrooms of the house. This is also the perfect opportunity to create a “give away” box full of clothes that are no longer being worn.

Reorganize: Bookshelves, Countertops, And Desks

Reorganizing is the perfect way to prepare your home for the spring and summer. Good clutter is common in many homes, like useful books that are interesting for guests to read or decorations that offer a sense of warmth and character to the home.

So pick up the fallen and leaning books on the bookshelf, reorganize your kitchen countertops, and de-clutter your home office. For busy home offices, purchase organizational tools like additional shelving units, compile and file away old bills and receipts, and toss anything else that is no longer needed or of any use.

Get Scrubbing: Removing Stains And Odors

Getting ready for spring means removing the stains, dirt, and odors that accumulated in your home over the colder months. First, you should start with wiping your painted walls with a wet cloth to remove scuffmarks and dust.

If the water doesn’t do the trick, you can try mixing a little dishwashing soap in with the bucket of warm water. You may even want to repaint certain high-traffic areas, like entrance halls and the baseboards around the front door.

Next, you can go for the floors. Having a fresh carpet cleaning is sure to kick-start your spring cleaning; this may be something that you wish to have done by a professional. To make the most out of your carpet cleaning, have it scheduled for when the kids are out of the house for a while, and wait until the worst of the weather is over.

Make sure the kids take their shoes off inside, but get them to leave their socks on to avoid natural oils from getting into your freshly cleaned carpet. Vacuum area rugs in the same fashion, and mop the kitchen and bathroom floors at the same time you clean your hardwood floors.

Give the showers, bathtubs, and toilets in the house a good scrub. In the kitchen, empty the fridge and freezer of their contents, and give the inside a good scrub down as well.

Once the tidying, de-cluttering, and scrubbing are done, you will get to enjoy the fun part of spring cleaning: spring decorating! And while you’re at it, why not buy yourself and your home some spring flowers for a job well done.

If you’re doing a big spring clean this year because you’re looking to sell your home, these tips will get your home ready for any buyer’s eyes. Contact your mortgage professional today to get more tips on buying or selling a home.

 

WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

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What To Consider When Buying A Fixer-Upper

February 14, 2014 by · Leave a Comment 

What To Consider When Buying A Fixer-UpperIn your imagination it seems like a great idea – you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams.

To Renovate, Or Not To Renovate

However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life.

The concept of renovating a “fixer-upper” property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you?

One of the main advantages of buying a fixer-upper property is that you will usually be able to get the property for a much cheaper price. But is it worth it for the amount of time and money you will need to invest in the property?

Here Are Some Questions You Should Be Asking Yourself When Making Your Decision:

  • Do you (or your friends and family members) have the skills to be able to perform most of the renovations yourself? If you do the labor yourself, you will be able to save thousands of dollars that you would have spent hiring contractors, which will make the renovation a much more profitable project.
  • Are you comfortable with the idea of living in a construction zone, perhaps for several months or more? There will be dust and noise everywhere and you might have to cope without a kitchen or a shower for a while.
  • Make sure that you have a thorough inspection of the home performed so that you can see whether the home has a sturdy foundation, good wiring and plumbing, etc. If your inspection reveals any structural issues or water damage, you might be in for more than you bargained for. You need to start with a house that has “good bones”.
  • If the home has serious structural, plumbing or wiring problems you should stay away – these repairs are very expensive but “invisible”, so you are unlikely to recoup your costs when you sell the home.
  • Add up the estimated costs for renovating the property along with the cost of the home – does it still work out to be a better deal or would you be better off buying a new property.
  • What is your strategy for financing the renovations? If your only option is putting it on the credit card, you might want to think twice because this is a very high interest option.

Buying a fixer-upper property can be a great investment and can give you the opportunity to transform a run-down old house into the property of your dreams. However, make sure you that you consider the choice carefully before making your decision.

For more information about home mortgage advice and how to get approved to buy a home, contact your trusted mortgage professional.

WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

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The Low Down On Heating And Cooling Your Home

February 7, 2014 by · Leave a Comment 

The Low Down On Heating And Cooling Your HomeIf the temperature in your home is too hot at night, then you can’t sleep. If it’s too cold during the day, then you have to wear excessive layers.

Everyone has his or her own idea of the ideal temperature, but to keep it on that perfect number can get expensive. So, below we’ve outlined five ways you can take care of your heating and cooling system and help it run more efficiently.

1. Set It And Forget It

To maximize the effectiveness of your heating and cooling systems, you need to program your thermostat and refrain from changing it. Adjusting the thermostat makes your system work harder.

The best way to avoid tempting temperature changes is to choose a thermostat that fits your schedule, such as one with 7-day, 5-1-1, 5-2 or 1-week programming options.

2. Clean The Air Ducts

Even though your air filter catches most dust, over time debris can build up. The accumulation of dirt can restrict airflow throughout your ducts and even start blowing particles out of your registers.

Check inside the ducts and if there is any mold, dead insects, rodent feces or a thick layer of dust, then consider hiring a professional to do a deep cleaning.

3. Put Your Ceiling Fans To Work

Ceiling fans can help with heating and cooling by distributing the flow of air throughout your home. Most fans are reversible, which means they can push air down in summer to create a nice breeze and pull air up in winter to aid in circulating the heat. To change the direction of the fan’s rotation, look for a switch on its base.

4. Replace Your Air Filter

It’s standard to change your air filter every 90 days. However, you should take a peek at it every month. If it looks grimy and clogged, then go ahead and change it.

Also, consider investing in high-efficiency pleated filters. They have an electrostatic charge that grabs onto even the smallest dirt specks.

5. Consider Booster Fans

If one room in your house is always warmer or colder than the rest of your home, it might not be your HVAC system. It could be the ductwork. The twists and turns of air ducts, especially in older homes, can reduce airflow.

Booster fans are easy to install and do exactly what their name implies. They boost the flow of air to the part of your home in need of more heating or cooling.

WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

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3 Tips To Get The Most Out Of Your Plumbing

January 31, 2014 by · Leave a Comment 

Get The Most Out Of Your PlumbingEveryone wants their pipes to last as long as possible, but there are a couple of simple problems that might be sucking the life out of your plumbing. Long-term stress is the enemy when it comes to your water system.

The three most common enemies are high water pressure, mineral-laden hard water, and grease. Avoid these three mistakes, and your water system will last years longer.

Take The Pressure Off Your Pipes

You might enjoy high water pressure when you’re taking a shower, but your pipes aren’t enjoying it at all. Over time, this high pressure stresses your plumbing system and can lead to leaks.

Is your high-pressure shower worth an expensive plumbing leak? To test your water pressure, you’ll have to hire a professional. Proper pressure should be somewhere between forty and eighty pounds per square inch.

To have a plumber reduce your water pressure should cost no more than about three or four hundred dollars. That sounds expensive, but it’s a lot cheaper than a leak.

Soft Water Is Good Water

If your water has a lot of minerals dissolved it, then it’s known as hard water. If you don’t already have a water softener you should consider it, because over time, those minerals will build up in your plumbing.

Eventually this will lead to a leak, so nip the problem in the bud, and look into getting a water softener. A good water softener should cost around five hundred dollars.

Hard water also makes soaps and detergents less effective. Soft water will get your clothes, your dishes, and even your hair cleaner.

Cease The Grease

Don’t ever pour cooking grease down the drain. It might be liquid when you pour it, but after a while, it will cool and solidify in your pipes. This won’t break the plumbing and cause a leak, but it will clog it all up.

The water that goes down afterward won’t do anything to wash away the sticky grease. You don’t want your pipes backing up, trust me. That is one messy problem.

Instead pour your grease into containers and throw it away in the garbage. Even better, go ahead and save it in the pantry and cook with it later.

Indoor plumbing is one of the most convenient technologies we have. So don’t take it for granted. Take care of your plumbing, and get the most out of it.

Avoid excessive water pressure, get a water softener, and don’t pour any grease down the drain. A little care now will go a long way. No one wants to deal with a plumbing leak. They’re expensive and a huge hassle.

WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

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Dine In Style, Kitchen Design Dos And Don’ts For 2014

January 24, 2014 by · Leave a Comment 

Dine In Style, Kitchen Design Dos And Don’ts For 2014The kitchen is one of the most important rooms of your home. It is where you prepare all of your meals and it is often a hub of family activity. When you host a party, the action often ends up in the kitchen.

Where drinks and snacks are enjoyed into the early hours of the morning. It’s crucial that your kitchen functions well because you will use it every day, but you also want to make it beautiful and stylish.

Renovating and decorating your kitchen can also be one of the best ways to increase the resale value of your home. If you are planning on a kitchen makeover:

Here Are Some Dos And Don’ts To Keep In Mind:

  • Don’t forget to consider the proportions of everyone who will use the kitchen. Don’t choose kitchen stools that are too high for your kids to sit on, or cabinets that your wife cannot reach.
  • Think carefully about storage space. What do you need to store and how much room do you need? You might want to store away your blender and toaster and other small appliances as well, so that they don’t have to clutter up the counter all the time.
  • One of the hottest trends of 2014 is a simple and elegant white and cream kitchen. A neutral color like this can be accented with vibrant splashes of color, such as a bright fruit bowl or a wall hanging. If you are selling your home, a neutral tone will appeal more to the majority of buyers.
  • Another popular trend is green and environmentally sustainable elements within the kitchen. Recycled, renewable and energy-efficient products are in abundance at the moment and these options will not only save you money, they will be much better for the environment.
  • Instead of placing your microwave on the counter, it makes a lot more sense to fit it in seamlessly with your cabinets. This will allow you to free up counter space in your kitchen.
  • Be careful not to over design – it’s a common decorating mistake. Keep things simple and know when to stop, so that you don’t have a kitchen that looks overwhelming and cluttered.

These are just a few tips to keep in mind if you are giving the kitchen of your home a makeover for 2014. For more helpful tips and information, contact your trusted mortgage professional.

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WelcomeHomeNWI

WelcomeHomeNWI.com was created to demystify the national real estate headlines and to provide unbiased real estate trends and statistics relevant to Northwest Indiana. Our mission is facilitated through a collaboration of professionals who are dedicated to the Northwest Indiana real estate industry. Welcome Home NW Indiana! Welcome Home! WelcomeHomeNWI.com is Your Home for Real Estate and Mortgage News for the Best Communities in Northwest Indiana.

More Posts - Website

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