Pinder Braich's Blog
1. Electrical workSo you've got a few faulty outlets in the new home you bought. It doesn't seem worth calling in an electrician just for those few minor issues. However, due to the dangers and complications that can arise from electric work, it's a good idea to hold off and call in the experts. Aside from shocking yourself (which can be deadly), you could also create fire hazards or damage circuitry, resulting in much higher repair costs than you initially had. Another benefit of calling in an electrician, other than having the project done correctly, is that they will be able to diagnose your home circuitry to let you know what other problems might arise in the foreseeable future. So, when it comes to power issues, always call in the pros.
2. Hazardous materialsMany people will tell you not to worry about asbestos or lead paint unless you have children. However, these are both dangerous materials than can create several chronic health problems in adults as well. If you're concerned for the safety of yourself and your family, call in contractors who will remove the lead or asbestos. What can go wrong if you try to do it yourself? Lead chips and dust will fly through the air when attempting to remove lead paint. Breathing in these fumes is dangerous initially and down the road when the dust settles into the corners of your home. Asbestos, especially in blown-in insulation can be particularly dangerous. Aside from ensuring your safety, a contractor will also be able to assess the situation and determine whether your hazardous materials need to be removed or can just be "repaired" or covered up. Simple repair jobs on asbestos or lead-containing objects can save you some serious time and money.
3. Roofing and sidingThere's a reason even building contractors bring in third party companies to install roofs and siding. These are both labor-intensive and time-intensive jobs that require specialized skills and tools that only dedicated companies can accomplish correctly. Roofing and siding are both dangerous jobs that carry the risk of falling off of roofs and ladders, as well as injuring your back lifting heavy shingles. The pros have the tools and experience to avoid these injuries. When you hire the professionals to do your roofing or siding, you can rest assured that the job is done correctly and will last much longer than if you made it a DIY project as well.
Vertical space...Use it. Most people forget that they're only using about half the the space around the perimeter of their bathroom. You can install shelving that extends over your toilet or along the top of one of the walls to store things like towels and extra rolls of toilet paper. Installing a large mirror with storage cabinets is another great way to take advantage of vertical space. You'll get extra storage, save floor space, and create the illusion of openness by having a large mirror in the room.
Sink space saversThe space around bathroom sinks is seldom used to its fullest potential. If you have a wall mounted sink you can install a rack underneath to hold towels, mouth wash, or other bulky items. If possible, use a rectangular shaped sink and mount it in the corner of the room. Narrower sinks open up more floor space, as does keeping it off to the corner.
Omit the tubI've had an unopened container epsom salt sitting in my closet for years. I've been saying that I'll use the next time I take a bath, but who knows when that will be. If having a bath tub isn't necessary for you, go with a bathroom design that utilizes a stand-up shower instead of a bath tub.
Reach deep with sliding drawersInstead of reaching behind boxes of Q-Tips and bottles of shampoo just to get your mouth wash, install sliding drawers that bring everything within reach. You can utilize a sliding drawer in any vacant corners or spaces in your room. Are there a few inches between your toilet and the wall? It might be a good place to install an extra storage unit that slides out.
Prepare your battle stationKitchen design takes advantage of several space-saving and convenient decorating techniques that are often left out of the bathroom. Instead of stuffing your hair dryer and curling iron into a drawer or leaving them on the counter, install a holster rack designed just for those tools. Many good chefs keep their knives stuck to a magnet over the counter. You can utilize this technique in the bathroom as well. If you don't want to have your tweezers hanging on your wall for everyone to see, install the magnetic strip behind your mirror to keep them out of sight.
- Finances. We hate to put it first, but the reality is your finances are one of the main things that determines your preparedness for becoming a homeowner. Unlike renting, there's a lot more that goes into the home financing process than just your income. Banks will want to see your credit score to ensure you have a history of paying your bills on time. They'll also use your credit information to see how much debt you have and if you'll be able to take on homeowner's expenses on top of that. Another financial impact for buying a house is to determine if you can afford a downpayment. It's one thing to see that you can cover your bills with your income, but unless you have enough money saved for the downpayment (and any emergency expenses that may come up) you should wait a while and save before hopping into the market.
- What are your longterm plans? Many people are excited at the thought of home ownership to the extent that they forget their life circumstances. If you have a job that might cause you to relocate in the next 5-7 years you might want to consider renting rather than buying. Depending on factors like the price of the home, cost of living in your area, and how long you plan on living in your new home, it may be cheaper to buy or rent in the long run. There are calculators available online that will tell you which option is probably more cost-effective for you. As a general rule, however, if you plan on living in a new home for under 5-7 years, it might be cheaper to rent.
- Do you have the time and patience to be a homeowner? Owning a home means you can't call on the landlord to fix your leaks anymore. Similarly, you probably won't be able to depend on someone else to shovel snow or mow the lawn for you. It takes work to be a homeowner, and if your job has you away from home for long periods of time or working very long hours, renting might not be appropriate at this time.
- Plan for new expenses. If you can comfortably pay rent and you find out your home loan payments will be comparable, you should know that there will likely be new expenses to consider as well. Home insurance, property taxes, and expenses for things like sewer, plumbing and electrical repairs all should be taken into consideration. Additionally, you will likely have new utility bills, including electricity, water, oil, cable, and others depending on the home.
There are countless reasons a homeowner might want to sell their home and buy another. Some want to move for a change of scenery or to relocate for work. Others are parents with a recently empty nest who want to downsize to something more affordable that meets their needs.
The good news for second time homebuyers is that you already have an idea of what to expect when buying a home. The research, paperwork, disappointments, and delays that come with buying a home can all be prepared for. However, if you have the burden of selling your old home, finding a temporary place to live, and then moving into a new one, your responsibilities can be doubled or tripled.
In this guide, we’ll go over how to prepare for selling your old home and moving into the new one. We’ll cover some common mistakes and offer some advice to keep you sane throughout this daunting (but exciting!) process.
Buying or selling first
For most homeowners, selling first makes the most sense financially. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home.
Depending on market conditions, your home may or may not sell for as much as you were hoping. It’s important to keep this in mind before signing onto a new mortgage.
Once you sell your home, you’ll have to work out living and storage arrangements until you are ready to move into your new home. It may seem easy at first--just rent for a couple months until your move-in date, right? It isn’t always that simple, however, as deals can sometimes fall through and you can find yourself with a move-out date from your own home without having finalized a deal on your new home. Because of this, many homeowners elect to may their current mortgage for an extra month or two until they can move in to their new home.
Research your options for short-term living and storage in your area. See if you can work with moving companies who will give you a discount for helping you move twice; once to the storage facility and again to your new home.
One way around this is to time your move out and move-in dates so that you don’t have to worry about storage. Some homebuyers will even move into the new home before officially closing on the home (i.e., take possession before closing). While this may be convenient, it can also be dangerous for the buyer and the seller.
Keeping track of all this information can be difficult, so don’t be afraid to keep a daily list or planner of the things you need to take care of, and never be afraid to reach out to your real estate agent who will often be able to advise you on the best way to make your move as smooth a process as possible.