Tuesday, November 27, 2018

Top 10 Most Expensive Mistakes You’re Making on Your Home

mistakes_home

Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.
1. Using Traditional Light bulbs
If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home's bottom line.
2. Ignoring a Leaky Faucet
A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is enough water to take more than 180 showers. Some of us live in areas where water is plentiful, but for those of us in areas plagued with drought, this could be costing you a fortune. Fix or replace your leaky faucet and save a ton on your water bill.
3. Using the Wrong Air Filter Size
We all sometimes forget to change out the air filters for our HVAC systems or accidentally buy the wrong size. But using the wrong filter or a dirty filter can increase your power bill and cause expensive problems for your furnace down the road. Use the correct filters for your system, and set a reminder to change them after the recommended amount of time. You won't regret it.
4. Not Customizing Temperature
Invest in a customizable thermostat. If you're away at the office all day, you can program your heater to shift down a few degrees while you're gone and then shift back up shortly before you return home. Heating or cooling an empty home wastes a lot of money in energy costs.
5. Not Adjusting Air Vents Properly
Is one room in your home hot, while the others are cold? Oftentimes homeowners will crank up the air conditioning in the whole house to combat hot temperatures in one area. Instead, adjust air vents to direct the flow of air more evenly throughout your entire home. Professionals will come regulate this to ensure that your entire home is receiving the same amount of air conditioning or heating.
6.Over Watering Lawn
Many homeowners have their sprinkler systems programmed to come on in the early morning hours for optimum lawn health. This can become a problem, however, if you're never around to see what you're actually watering. A broken sprinkler head could be causing a fountain, or the trajectory of your sprinkler may be directed at a fence instead of your lawn. Periodically run your sprinklers during the day so you can see how they are performing when you're not around.
7. Water Heater Temperature Set Too High
Unless you have a tankless water heater, your water heater is keeping the water in its tank hot 24/7. If you don't keep an eye on the temperature as each season changes, you may be paying too much to heat your water. Decrease the temperature in the summer, and bump it back up when winter comes.
8. Leaky Windows and Doors
Leaky windows and doors are great places for cold, winter winds to enter your home. Many homeowners simply ignore them and crank up their heaters. Caulk leaky windows and put rubber seal around doors to keep winter winds out and warmth in.
9. Paying a Handyman
Don't pay a handyman for a job that is simple enough to do yourself. If you're unsure of how to do something, look up video tutorials online. Doing simple tasks yourself can save you a lot of money.
10. Ignoring Curled Shingles
It may be easy to ignore problems on your roof, but it will only lead to bigger problems later. If you see any possible issues with your roof, repair them as soon as possible, as this will save you significant costs later.
Use these 10 tips to cut maintenance costs on your home today.
By Cary Teller on Housecall

Friday, November 23, 2018

How to Keep Your Property Safe Over the Holidays

property safe

By Brentnie Daggett
The holiday season is all about spending time with loved ones, and for many, this means traveling. There are certain precautions you should take whenever you leave your home for an extended period of time, but the holidays specifically tend to lead to an increase in home break-ins and stolen packages. Beyond theft and vandalism, vacant properties are also vulnerable to household catastrophes like frozen pipes or leaky sinks.
Here are some simple steps you can take to protect your property while you enjoy your vacation without worry:
Enlist the help of your neighbors.
Ask around to see if a neighbor or friend is staying in town for the holidays, and find someone who would be willing to keep tabs on things for you. If they're willing, have them do things like bring in your mail or park a car in your driveway to make it look like someone is home. If you'll be gone for an extended period of time, you may even want to ask if they could mow the lawn or shovel any walkways to deter thieves. If nothing else, have your neighbor or friend simply drive by your property each day to make sure nothing looks out of the ordinary and that there's nothing that needs immediate attention. Make sure whoever is helping you out has a copy of your itinerary and emergency contact information in case something comes up.
Be cautious on social media.
The holidays provide countless opportunities to share updates, photos and stories with your social media followers. Unfortunately, your friends and family aren't the only ones with Facebook and Instagram profiles. Several studies have shown that somewhere between 70 and 80 percent of burglars are using social media to find potential targets. Location tags and photos of your expensive new gifts can catch the wrong person's eye. Save the sharing for after you return home from your trip.
Invest in a timer for your lights.
Leaving a few lights on while you're away to make it look like someone is home is usually a good idea, but if you leave the lights on throughout your entire vacation, your electric bill will be an unwelcome surprise when you return. Purchase an automatic timer that'll turn the lights in your home on and off according to a programmed schedule. Unplug any other appliances that won't be in use while you're gone to further save on the electric bill—think computers, televisions, coffee makers and toasters. Be sure to inspect any holiday lights or wiring, and consider unplugging them before you leave town. According to the U.S. Fire Administration, December is the most popular month for electrical fires. Keep an eye out for frayed cords, cracked bulbs or faulty wiring to prevent any accidental fires.
Protect your pipes.
If you live in a cold climate, you need to prevent your pipes from freezing while you're away. Frozen pipes can crack and burst, which will translate to a lot of water pouring into your home in a short amount of time. Make sure your pipes are properly insulated, and leave the heat on low to prevent pipes from freezing. If you've recruited a friend or neighbor to keep an eye on things, have them turn on the faucet every couple of days—if only a few drops of water come out, your pipes may be frozen. Also, be sure to show them where the main water shutoff is located in case of a burst pipe. It never hurts to take a quick look at your other major appliances, such as washing machines or water heaters, to confirm everything is working correctly before you leave.
Keep your insurance up-to-date.
Whether you're a homeowner or a landlord, insurance exists to protect you from those worst-case scenarios. If something does go wrong while you're away, insurance can help you repair or replace the damages. Landlords: Your renters still may not understand the benefits of renters insurance, including the replacement of stolen items or even their car. Many landlords and property management companies even require renters insurance in their lease terms. With the holidays approaching and many renters traveling home to family, it's a great time of year to remind them of the importance of renters insurance if they don't already have it. Homeowners: Be sure your insurance is up-to-date before you take off on any vacations to make sure your home and your belongings are protected.
The holidays are a time to celebrate and relax with loved ones, so don't spend the season worrying about your home. With some simple precautions in place, your property will be set up for safety, and you can spend your holiday season focusing on what really matters.
daggett-brentnie-headshot-growella-150x150-e1517245730497Brentnie Daggett is a writer and infographic master for the rental and property management industry. She loves to share tips and tricks to assist landlords and renters alike. To learn more about Daggett, and to discover more great tips for renters, visit www.rentecdirect.com.

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Thursday, November 15, 2018

November 2018 National Housing Trends eNewsletter

Angela Yglesias

Levesque Realty 

Cell: 805-490-4944  
Phone: 805-490-4944 

Housing Trends

November 2018

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Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

National market update

Existing-Home Sales Decline Across the Country in September

WASHINGTON (October 19, 2018) – Existing-home sales declined in September after a month of stagnation in August, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.



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Amazon's New Headquarters May Be a Prime Deal for Two Cities, but Where Will Workers Live?

For the past year, Amazon has artfully whipped cities all over the country into a frenzy as they vied for a prize: home to the online retailing giant's second corporate headquarters and up to 50,000 high-paying jobs. And now it appears there's not one, but two winners. Ooh, last-minute plot twists!



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National housing indicators

Existing home sales (Sep)

5.15 millions units*

Existing home median price (Sep)

$258,100

Housing Starts (Sep)

1.201 millions units*

New home sales (Aug)

0.629 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

2nd Quarter 2018

64.3%

3rd Quarter 2018

64.4%
The homeownership rate of 64.4 percent was not statistically different from the rate in the third quarter 2017 (63.9 percent) nor from the rate in the second quarter 2018 (64.3 percent).

New home sales

August 2018

+3.5%

September 2018

-5.5%
Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.5 percent (±12.1 percent)* below the revised August rate of 585,000 and is 13.2 percent (±13.6 percent)* below the September 2017 estimate of 637,000.
Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.







Consumer tips & hot properties

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The New Boomtowns: 10 Surprising U.S. Cities Where Home Prices Are Soaring

The real estate market may be softening nationwide, but prices are still shooting up in these 10 cities. And they’re not the ultrapricey usual urban suspects.



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Housing Slowdown? Softening? Whatever You Call It, It’s Real and It’s Here

After years of soaring price hikes, bidding wars, and a dearth of homes for sale, is the housing market beginning to shift in favor of buyers?



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Take Our Quiz: Are You Truly Ready to Buy a House?

Take this quiz to test your home-buying smarts, and see if you’re truly ready to tackle a mortgage, home closing, and more.



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We’re Stuck in Our Starter Home—Will It Be Our Forever Home, Too?

Twelve years after buying a home with a five-year plan to sell, a couple is still there. Here’s how they decided to cope.



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The Ugly (and Filthy) Truth About Wearing Shoes in the House

Shoes on or off? It’s a choice that inevitably leads to irritated houseguests or resentful homeowners. Who’s right?



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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

Sunday, November 11, 2018

What a crazy week we have had here in the Conejo Valley




Our community and just beyond has been hit so hard this week.  First the incredibly senseless act of violence at the Borderline Bar and Grill where so many lives were lost and families and friends will never be the same.  My heart truly bleeds for all who have been affected by that terrible tragedy.  Then so many families having to evacuate due to both the Hill and Woolsey fires.  Many have lost their homes due to the Woolsey fire.  The above pictures I took in my own neighborhood yesterday.  
This is an amazing community that is strong and resilient. Seeing such an incredible outpouring of support and love to both the shooting and fire victims further solidifies our decision to move here 16 years ago.  Feeling very blessed that we live where we do.  It's important to remember that mourning the loss of a friend and/or loved one is a very long process.  Those who were affected by the senseless shooting at Borderline Bar and Grill will continue to need support for many more months and even years to come.  I hope they continue to receive the same level of support and love during this incredibly difficult time, keep them in your thoughts and prayers.  The victims of the fires need the same, as losing your home, memories, etc. is an incredibly painful experience as well.  I wish I had the ability to make things all better for all, so incredibly heartbreaking.  Hopefully all of those who have lost their homes will be welcomed into someone else's with the upcoming holidays, to at least feel some sort of sense of normalcy.  The winds are calmer at the moment.  Wishing all residents of Simi Valley, Thousand Oaks, Westlake Village, Oak Park, West Hills, Newbury Park, Camarillo, Calabasas, Topanga Canyon and Malibu a break from all of this.  And, a speedy recovery for those who have lost their homes.  I hope all come together to donate whatever you can to help these victims who may now be completely without food, water, clothing and other basic necessities.  Much love to all.



Tuesday, November 6, 2018

Piggybacking Your Way Into a Home



If you can’t afford a big down payment on a home and will have to pay private mortgage insurance (PMI) to qualify for a home loan, there’s one option that may work for you—a piggyback loan.
Also called a second mortgage, a piggyback loan closes concurrently with a first mortgage during a home-buying transaction. It can be used to extend financing terms, allow less money to be put down on a home, or break up a loan into two separate amounts to produce a better blended rate.
Getting to 80% Loan-to-Value
Having a loan-to-value (LTV) of 80 percent or lower on a first mortgage can help you get a lower interest rate. If your LTV is more than 80 percent—meaning you’re borrowing more than 80 percent of the purchase price—then you’ll have to pay private mortgage insurance.
After getting a first mortgage for 80 percent of the home’s cost, a borrower can get a piggyback loan for 10 percent or 20 percent, depending on their down payment.
For example, if a home’s purchase price is $100,000 and the borrower gets a first mortgage for $80,000, they can get a second mortgage for $10,000. They will then have to bring $10,000 in down payment money to the closing.
If they only had $10,000 for a down payment, then a $10,000 piggyback loan would help them avoid PMI. Otherwise, they’d have 90 percent LTV on the first mortgage, and would have to pay PMI.
A piggyback loan can also make up 20 percent of the home loan, meaning that with an 80 percent first mortgage, no down payment would be needed. In the above example of a $100,000 home, the $80,000 first mortgage would come with a $20,000 piggyback mortgage. No PMI would be needed.
Higher Interest Rates
Interest rates on second mortgages are usually higher than first mortgages, and can result in paying more interest and possibly extend the amount of time it takes to pay off the first mortgage.
While the monthly payment on a second mortgage will be fairly low compared to the first mortgage because of the smaller loan amount, the higher interest rate can make your loan payments higher over time. To avoid this, try paying off your second loan as soon as you can.
Second mortgages are offered in adjustable and fixed-rate options. Talk to your loan provider to determine which is best for you.

Monday, November 5, 2018

How to Clean Painted Walls



Did your toddler scribble on the walls? Or perhaps a year or two of wear and tear have your interior paints looking less than pristine. If your walls could use a little TLC, but you’re not quite ready for a fresh coat of paint, consider the following methods for freshening up.
Latex Paints
Whether you have dirt or dust clogging up your paint job, all you need to do is mix a few drops of dish soap into warm water, soak and wring a sponge, and go. Be sure to wring the sponge to avoid long drips making their way down your walls and right into your electrical socket.
If you don’t want to use dish soap, two tablespoons of white vinegar to one gallon of water will also do the trick.
Warning: Never use a scrubby sponge, brillo pad or harsh cleaning solution, or you could risk ruining your paint job.
Oil-Based Paints
If your interior paint is oil-based and soap or vinegar just aren’t cutting it, you can safely use a mild degreaser—especially helpful on greasy kitchen walls. Just be sure to follow the instructions on your package carefully to avoid ruining your paint.
Again, avoid harsh scrubbing pads or other cleaners, or you may find yourself repainting, pronto.

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