Real Estate Information Archive

First and foremost, questions need to be answered: Is it possible to sell both homes and purchase one larger one? Are the in-laws simply wanting two rooms and a bathroom to themselves? Will the older parents sell their home and pay for an in-law suite to be built onto their adult children’s home? 
 

Another solution could be that the older generation has the largest house, and the younger family could relocate. Again, everyone needs to be put into consideration, as this could uproot school-aged children, and even take the working adults further away from their jobs. 
 

If a new house hunt begins, look for houses that have the potential to create a small apartment in the existing rooms, or have space to add an in-law suite. Another option is a duplex, so parents that are still independent can keep their own house, but have the family just a few steps away, just in case. 
 

Building an addition onto any home requires some investigation to make certain your municipality will allow it, as it will almost be a separate dwelling. 
 

Some of the needs and wants in an in-law suite include: 

- separate entry/locked entry from “other” dwelling 

- first-floor accommodations 

- full bathroom 

- kitchen essentials, as zoning codes allow 

- sitting room separate from sleeping area 

- wide doorways, no-slip flooring, handrails in appropriate areas
 

A garage, underused attic, or basement can be easily converted to a small apartment-like dwelling. Just make sure there is adequate natural lighting, as all of these can be dark spaces. Where lots of windows are not an option, adding skylights take care of letting some sunshine in. 
 

One more option is building a cottage-type building on the property, as regulations allow.   

Nothing shouts “Don’t buy me!” more than an unkempt yard!  If nothing else, keep the grass cut and weeds and shrubbery trimmed. Put a bit more effort into it, and put down fresh mulch in the flowerbeds, and add a pot of flowers to the top step. 
 

No one wants to walk into a house with plastic storage containers stacked up in each room “hiding” the seller’s clutter. When you declutter, get rid of things, or put them in storage if you cannot part with them. Your rooms will appear larger without a lot of stuff in them. 
 

Touring a house that has a grimy stove or mildewed bathtub caulking is a huge turn-off:  no one wants to move into a dirty home. If you cannot find the time to clean the house spotless, hire a professional to do it. 
 

Natural light is important to most home buyers, so window treatments that block light need to come down, cleaned, and stored for moving. Add sheers, blinds you can open, or pull the shades up completely when you know the house is being shown. 
 

Items such as rodent traps or insect baits, should not even be an option for you. If you know you have mice or insects in your home, have them exterminated before you put a sign in your yard.  
 

Wall-to-wall carpeting is not as appealing to buyers today as it was in the past. If you can afford it, remove carpeting that is hiding hardwoods and spruce them up. No hardwood? Have the carpets professionally cleaned, and if you really need to sell, offer a new carpet credit to buyers. 
 

When you know about a problem and don’t bother to make repairs--think dripping faucets or cracked windows--buyers will not be impressed with your house, and if they’re remotely interested, offers won’t be close to your asking price. 
 

Any unpleasant odors will put off most people, and homebuyers will wrinkle their noses as soon as they walk in. Cleaning is important to remove dirt, but you need to clean for odors, too. Follow these tips from realtor.com® for removing any funky smells from your home. 

Roof:  Your roof is probably your home’s most important part of its structure, so inspect it well:  take binoculars or use your phone’s camera to zoom in on the roof and look at every aspect. Check for damaged, missing, or curling shingles. For a tile roof, look for cracks or missing tiles, and metal roofs should be gone over for loose screws or damage to the metal. On a rainy day, go into the attic and check for leaks. Have any issues repaired as soon as you possibly can. 
 

Foundation:  The other important side of your home is its foundation. Check for cracks in the bricks, look at the grading around the outside (making sure water is running away from your home), and check for gaps in the outdoor walls and windows. On the inside, look for sagging floors or bowing walls, doors that do not want to close or windows that do not want to open. These are all signs of possible foundation issues. 
 

Siding:  Look for peeling, blistering, or fading paint, as these may be signs that you need new siding. Check for rot and warping on the soffits and any fascia boards. Visible mold can be a sign of a major moisture issue and should be investigated by a pro. 
 

Plumbing:  Grab a flashlight and go under your sinks and look for any signs of leaking. Toilets can leak “silently,” and you can figure out where the leak is coming from with a little food coloring and time.  Inspect around the water heater for any signs of leaks as well. 
 

Smoke/CO Detectors:  If you have battery-operated detectors, checking the batteries is fine, but you need to be sure they are working as well. CO detector kits are available at most home stores and testing a smoke alarm is as simple as blowing out a candle and allowing the stream of smoke drift towards the smoke alarm. Be sure to let everyone in the house know you are “crisis testing” the alarms! 
 

Gutters:  On a rainy day, or using the water hose, check to be sure gutters and downspouts are running freely (no clogs), and have no leaks around the seams. 

- “Cleaning” a surface simply means you are removing dirt, dust, and contaminants.  All-purpose cleaners are just that--they can clean a myriad of things. If you’re planning on disinfecting those surfaces, be sure that it is labeled on the bottle. 
 

- Sanitizing cleaners will significantly reduce the number of bacteria but will not affect fungi or viruses.  Use a sanitizer for low-risk areas such as floors and read the label to make sure you’re using it correctly. 
 

- Disinfectants are meant to kill contaminants, and different ingredients work for different pathogens. Check your bottle’s label for more information on those pathogens and follow directions to the letter. 
 

- Antibacterial cleaners and wipes kill only bacteria, not viruses. 
 

- Aerosol disinfectants are as effective as you make them; most labels tell you to spray long enough to wet the surface for at least three minutes, air dry, and afterward, wipe any food surfaces or children’s toys with clean water. 

- Disinfectant wipes are perfect for hard surfaces and be sure to follow the manufacturer’s label for directions as well as the pathogens it will eliminate. If a wipe becomes dry during use, toss it and continue with a fresh wipe.  
 

- You should be using a clean dishwashing cloth every day and use it only for dishes and wiping down cooking surfaces. Rinse them in cool water once the dishes are finished, wring out and air dry between laundry days.  
 

- Paper towels are perfect for cleaning or disinfecting, as they are tossed in the trash after each use.  Microfiber cloths or other types of washable cloths should be washed and dried in the dryer as soon after cleaning as possible. If not, spray with a disinfectant and allow it to air dry until it can be put in the washer. 
 

- When you are cleaning, be sure to wear gloves, because it protects your hands from contaminants and is better for your skin.  Wash your hands after cleaning, whether you wear gloves or not. 

Dirty Dishes Leaving unwashed dishes in the sink is not only the perfect equation for bacteria, but an invitation for insects. If you’re not washing dishes daily, rinse them and place them in the dishwasher. 
 

Dry Dusting  The best way to remove dust, dirt and allergens is dampening a microfiber cloth with a mixture of water and castile soap. Save the furniture polish for polishing. 
 

Towels and Washcloths Hanging towels and wet washcloths to dry instead of piling them in a basket or (worse!) on the floor before laundering will inhibit the growth of bacteria and mildew.
 

Cleaning Solution Directions Using too much or too little cleaning product is simply a waste of your time and money. If something is especially dirty, using more than the recommended amount can just attract more dirt over time. Repeat the application or add some elbow grease instead of too much detergent. 
 

Dirty Cleaning Tools Rinse mops and allow to dry completely or use washable mop pads to stop bacteria growth. Vacuum cleaner filters should be kept clean or replaced.  Your broom can even use a dip and swish in hot water and detergent, rinse, and dry. 
 

Vacuum Last Our grandmothers have taught us to dust last while doing chores, but most cleaning experts suggest vacuuming last, as what dust you’ve stirred up will fall to the floor, and the vacuum will clean it all up. 
 

Procrastinating Waiting until mold appears on the leftovers in the fridge or the ceiling fan blades get fluffy with dust just causes more work for you. Check leftover food regularly and throw it out and clean your fan once per month. Allowing cleaning jobs to go unchecked simply causes you to have to work harder and could make your home unsafe. 

Begin with finding out if your email address(es) has been affected by a breach. Go to Have I Been Pwned and enter your email.  If your email has been compromised, it will share the data/app breaches it was involved in, and it would be best to change your email password. 
 

When you create a new account for any device, use a different password for every account, even if you’re using the same email. Many people use the same email/password combination for everything, and there lies the problem of their information being available on the dark web, and having their accounts hacked into easily. 
 

If you have smart speakers, turning off voice commands, voice purchases, microphone, and camera are simply a matter of going into the device’s settings and change them.  
 

Your Wi-Fi router comes with a factory default name and password. It would be a good idea to change those before anyone connects to the router. Use a unique name for your home’s Wi-Fi, and a strong password. Both settings can be changed, and directions are normally in the instruction booklets or ask the internet installer how you can do this. 
 

 When a vulnerability is discovered in any device, the company normally updates the firmware. Be sure your smart devices’ automatic updates are “checked” in the settings.  
 

New products from new companies are great, but sometimes, it’s best to wait for a reputable, established company to produce a similar product. Those companies have a reputation to uphold and will be more likely to make certain their products are as safe as they can be. 
 

This might seem obvious but give your home’s Wi-Fi password only to people you know and trust completely.  

- Discount department stores are full of inexpensive home decor: faux plants, decorative pillows, framed art and mirrors.  
 

- Sheer window panels cost less than half the cost of new curtains, allowing natural light to shine through, which is a huge plus, as a dark house isn’t on very many house hunters’ lists. 
 

- After cleaning carpets or even refinishing hardwood floors, an area rug or runner to brighten and protect them may be necessary.  
 

- The bathrooms can be given a fresh look with new shower curtains and a set of fluffy white linens in each room. 
 

- Big box stores are the source for inexpensive cabinetry hardware, light fixtures, as well as faucets that you may choose to replace. 
 

- A vase of fresh flowers brightens any room!  Discount bouquets or even single blossoms can be purchased in department store produce sections or flower markets and can last a week or more if cared for properly. 
 

- If you’re planning on placing a bowl of fruit on the kitchen counter, purchase oranges or apples instead of lemons. They can be eaten by the family, which saves money, as they won’t be tossed out! 
 

- On the outside, inexpensive mulch can transform the flowerbeds.  Pots with annuals planted in them are all you need for a splash of color on the front steps. 

- Lowering your interest rate can save money. It will not save much if you’ve already been paying on your home for several years, however, especially if you refinance with a 30-year mortgage. Investopedia says that going for the new rate is a good idea if you can reduce your rate by 2%.
 

- When credit card debt is included in a debt consolidation refinance, homeowners risk losing their home for unsecured debt if they cannot keep up the payments. Credit counseling would be a better step to take first if you are considering debt consolidation to pay off credit cards. 
 

- Refinancing to lower your monthly payment sounds great until you realize that a lower payment only comes with a longer pay-back term and paying more interest in the end. 
 

- Let’s say you’re making more money and would like to shorten the term of your mortgage by having a higher monthly payment. Nerdwallet suggests that you ask yourself a few questions, then decide if you should refinance or just pay more on your current loan every month.
 

- Has your credit score gone up? If so, find out if you can get a better interest rate as a result. Again, be sure you’ll be saving money in the end before you sign the dotted line. 
 

- You can turn your home’s equity into cash with a cash-out refinance, and if the money is needed for some home improvements or investing, it may be a better way to get the cash. The drawback comes in when the return on investment doesn’t work out, and the equity in the home is lost. 

Add or improve your front walkway.  Whether you plan on putting your home on the market soon or not, a new walkway will improve the curb appeal.  

Replacing the front door is an expensive job, but you can create a whole new look for the front exterior of your home just by having a new front entranceway. 

Install new light fixtures, especially if you’re tired of the builders-grade fixtures. If you shop smart, you can get stylish new flush-mount lights for every room. 

Do a minor bathroom renovation:  replace the toilet, faucets, and lights, and give the tub/shower a makeover with a refinishing kit. 

Paint the kitchen cabinets, replace the hardware, and add a tile backsplash. You won’t believe what a difference those three minor renos will make! 

Upgrade one appliance - kitchen appliance.  

Any repairs that you’ve put off because of cost should be done before any improvements to renovating is done. Protecting your investment is more important than new bathroom tile. 

If your front lawn is a black canvas, hire a landscape designer to create some improvements.  

Have your “popcorn” ceilings removed by a pro and add new crown molding.  

Tankless water heaters, whether you choose whole-house or single-point, are worth the investment as you’ll see a difference in your electric bills. 

If you’re handy, you can take on a DIY job and save money: paint your home’s exterior, install new flooring, add wainscoting, or install kitchen countertops. 
 

- If you paid less than a 20% down payment, you are required to have Mortgage Insurance with FHA and USDA loans, while Private Mortgage Insurance is required with other lenders. In some cases, these can be removed, and your mortgage payment will reflect the change. 
 

- An Adjustable Rate Mortgage (ARM) has a set interest rate for a certain amount of time, and after that time is up, the interest rate will vary. When the rates change, your payments will, too. Learn more about ARMs from Investopedia. 
 

- Changes in escrow are almost unavoidable. What is escrow? The Consumer Financial Protection Bureau’s definition: “An escrow account...is set up by your mortgage lender to pay certain property-related expenses.”  When property taxes or insurance premiums increase, your current payments won’t reflect that change, and that results in an escrow shortage. The shorted amount will be added to your loan payment, plus the new amount for adjusted increases. To avoid paying extra every month for the shortage, pay the amount in full as soon as you receive your annual escrow statement. 
 

- What if you don’t have an escrow account on your mortgage, and you don’t pay your property taxes?  Lenders don’t want to foreclose on a home because of delinquent property taxes. To protect their money, they can add the amount to your current loan payment or open an escrow account for your loan. 
 

- Homeowners insurance is a requirement when you have a loan on the home. If yours lapses, or you don’t have enough insurance on the house, lenders have the right to purchase a policy, called “forced-place insurance.” They will send you the bill for the premium, which is probably more expensive than your current payment.