Tag Archives: Home Ownership

Home Ownership – The American Dream

Monday, 06 June 2022 07:29
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History of National Home Ownership Month

June is National Home Ownership Month.  Do you know the history of the American Dream of home ownership?

In the 1800s, most Americans had no way of really owning a home.  Mortgages became common only after the U.S. banking system came into being after the 1860s National Bank Acts.

During the time of the Great Depression, the banks did not have any money to lend and the average borrower didn’t have any cash.  As a result, people couldn’t afford to buy homes, while existing homeowners often failed to pay their debt.  To stabilize the housing market, the U.S. government created the Home Owners’ Loan Corporation in 1933, the Federal Housing Administration in 1934, and the Federal National Mortgage Association (now known as Fannie Mae) in 1938.  All these institutions took homeownership to new heights and helped prevent a crash in the housing market.

What changed the face of the housing industry, along with that of the American economy, was the G.I. Bill of 1944.  This bill provided subsidized mortgages for the veterans of World War II.  Another milestone in the history of American housing came when Congress passed the Fair Housing Act of 1968.  The Act was signed by President Lyndon B. Johnson and banned discrimination in housing based on religion, race, gender, and national origin.  It came into being only a few days after the assassination of Martin Luther King, Jr.

In its 87 years of existence, the Federal Housing Administration (FHA) has saved America an almost $4 trillion loss of household wealth.  It has helped more than 44 million citizens to become homeowners.

National Homeownership Week began in 1995, which was a strategy of the administration under President Bill Clinton to increase homeownership across America.  Later, in 2002, President George W. Bush expanded the period of observance from a week to the entire month of June.  National Homeownership Month reinforces the belief that owning a home is one of the steps toward achieving the American dream.

My passion is helping people home ownership and finding their dream home.

Information derived from NationalToday.com

In appreciation,

Marie Dinsmore

Experience, Passion, and Commitment to Excellence!

Prepping Your Pet for Your Big Move

Monday, 05 July 2021 11:48
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Your moving day is set and it’s time to start preparing. As you’re making your lists and checking them twice, don’t forget to factor in your 4 legged family members.

Moving can be stressful for all of us, but pets often experience stress that they can’t communicate leading up to a big move. Our pets are perceptive, and they notice when big changes are happening, but they don’t understand why we’re packing up. Then, once you’ve arrived at your new home, they have to get comfortable with new sights, sounds, and smells before they can settle in. Fortunately, there are a few steps you can take to help get your family pet get ready for a big move and reduce their stress.

Here are some tips for making sure the process goes smoothly.

Medical records. When moving to a different city or state, one of the main things you need to take into consideration is finding a new veterinarian that is the right fit for you and your pet. If you have family or friends in the area, ask for recommendations or do your own research by reading reviews and news articles. Once you find one, contact your current vet to initiate a transfer of medical records. Then schedule a “get to know you” appointment shortly after your move.

Have Collars and Paperwork Handy. While you’re preparing, it’s also a good idea to have all paperwork and contact information handy. Make sure cats and dogs are wearing a collar with your phone number on it, as well as their rabies tags and any other relevant information. If there is a mishap during your move and one of your pets escapes through an open door, you want to be able to find them. If they aren’t already microchipped, now is a good time to have this simple procedure done.

Don’t Overfeed. Some animals have a tendency to overeat when they are stressed, especially if they believe you are going to be leaving them alone for a while. Make sure to watch your animals in the days leading up to the move and avoid overfeeding them. Cats especially are likely to get sick from stress and anxiety if they have overeaten and then gone for a car ride. Dogs are somewhat less likely to react negatively in the car, but each pet has its own limits.

Transportation. Whether it’s a short drive or a long plane ride, the safest way to relocate a nervous pet is with a crate.  However, if you’re in a hurry on moving day and you shove your pet into a crate and slam the door, you’re only going to make matters worse. Instead, you need to bring the crate inside your home several weeks in advance so they can smell it and explore it in a low-stress environment.  For most pets, this is a foreign concept, and they require time to get comfortable with it. Start acclimating your pet as early as possible and use comfort items like treats and favorite toys and blankets to make the experience is a positive one for your pet.

Prepare a Place for them. Pad your moving schedule with ample time to get your dog or cat acclimated to their new home. Cats and dogs react to new spaces differently, but when it comes to moving day, you’ll probably want them out of the way while you finish unloading the furniture and heavy boxes. The easiest way to manage this is to have food, water, and their favorite toys already set up in a spare bedroom or bathroom so you can open their crate and let them explore in a quiet corner of the house. Once all your other furniture is moved in, you can open the bedroom door and let them see more, but the first few hours should be quiet and calm. Once all the moving of furniture and boxes is done, make sure to clear anything that could be dangerous and block off areas as necessary then let them free to get a lay of the land on their own.

Walk Through the new House with Your Pet on a Leash. Your pet picks up on many sounds and smells that you can’t. As a result, they may react to certain scents left behind by the previous owner, or new sounds from the HVAC unit or neighborhood traffic. The best way to handle this introduction is with a leash so your pet can explore without getting beyond your reach. Help them explore inside the house, room by room, and set clear boundaries if they are not allowed in certain spaces. Likewise, walk the front and backyard slowly with a leash attached so you can inspect the fence and handle any interactions with wayward animals or children.

All of these tips will help your pet handle move-in day as peacefully as possible. Just remember, your pet will likely need a few days to adjust to the new space, and having plenty of familiar items and toys around can help them make that adjustment.

Hope you found these tips helpful.

Sincerely,

Marie

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

June is National Home Ownership Month

Wednesday, 02 June 2021 06:22
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Owning your own home brings lots of savings to the pocketbook, but with home ownership some of the other costs can add up. So it never hurts to take measures to help you reduce your monthly utility bills. Below are a few ways to do just that!

Electricity Bill

Saving money on your electricity bill can be done in multiple ways. Some easy changes include running appliances, like the stove, dishwasher, washing machine, and dryer, at night, opting to air dry clothes, or cooking meals in a crockpot, toaster oven, and in the summer months – on the grill outside. Set aside time throughout the year to inspect the areas around doors and windows and seal any cracks with caulk or weather stripping. Additionally, make sure to unplug electronics when not in use or use a power strip to turn them all off at once.

Water Bill

Your monthly water bill can sneak up on you, but small changes can be made to cut costs. Install WaterSense-certified faucets and showerheads and convert toilets to low flow to reduce the amount of water used. Make sure to regularly check toilets and sinks for leaks and repair them. Opt for using your dishwasher instead of hand washing and ensure it’s a full load each time. Also, don’t forget to turn off the water while brushing your teeth and shaving.

Gas Bill

Investing in some changes upfront can make a difference on your natural gas bill long term. Add insulation in your attic and around your water heater and pipes. Make sure to repair any leaks in your ducts, inspect your furnace regularly, and check your home for any blocked vents that could cause your gas heating system to work overtime. You can also reduce the temperature of your water heater.

Here are some other tips to help lower your utility costs:

  • Give your thermostat a nudge: Set your thermostat back 10 to 15 degrees when you’re asleep or away from home. Doing so for eight hours can lower your annual heating and cooling costs by around 10%. A programmable thermostat does the work for you.
  • Adjust your fridge and freezer temperature: Set your fridge to 38 degrees and your freezer between 0 and 5 degrees. This will keep your food fresh, but your fridge and freezer won’t need to work as hard to maintain the temperature.
  • Take shorter showers: Trimming two minutes off your shower time can cut your water usage by five gallons.
  • Don’t wash clothes in hot water: Stick to warm or cold water when you do laundry and cut your per-load energy usage by at least half.  And wash full loads.
  • Fix leaky faucets: That drip, drip, drip isn’t just annoying, it wastes gallons of water.
  • Adjust the temperature on your water heater: The default temperature setting on water heaters is typically 140 degrees. Lowering it to 120 degrees can reduce your water heating costs by up to 10%. Leaving town for a few days? Turn your water heater to the lowest setting to conserve energy usage.
  • Purchase energy-efficient appliances: If you’re in the market for a new washer, dishwasher or water heater, buy an energy-efficient model to yield long-term savings. A dishwasher with the Energy Star label is required to use 3.5 gallons of water or less per cycle, compared with the more than 10 gallons used by some older models. Prioritize appliances that run most often, like the fridge, HVAC system, water heater, dehumidifier, TV, washer and dryer.
  • Ask about discounted rates: Some utility providers offer cheaper rates during certain times of the day, making laundry and other energy-intensive chores 5% to 25% less expensive during off-peak times. And some utilities offer senior discounts.
  • Swap out your lightbulbs: Save $75 per year by swapping out the bulbs in your five most-used light fixtures with compact fluorescent or LED bulbs that bear the Energy Star label.
  • Install dimmer switches: Dimmers let you set the brightness in a room to suit your needs, setting the mood and saving electricity.

Hope you found these tips helpful.

Sincerely,

Marie

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

Fees to be Aware of When Purchasing a Home

Tuesday, 04 May 2021 13:47
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Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase than the price of the home. This is valuable information, especially for first-time homebuyers. These are all good reasons to hire an experienced Real Estate Agent to help navigate you through the process, plus the fact of multiple offers and homes now selling above listing price.

Here are 5 fees to keep in mind as you begin to budget.

  1. Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $300 to $500 depending on the home and the location.
  2. Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
  3. Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
  4. HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month.
  5. Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.

I would be happy to talk with you as you prepare to buy or sell and devise a plan to help you transition as smoothly as possible.

Sincerely,

Marie Dinsmore

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

5 Important Considerations for First-Time Home Buyers

Friday, 27 February 2015 23:55
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ffdaWhen it comes to finding the perfect home to rent, your job is much easier because the goal is to find a home that “meets my needs right now” instead of “meets my needs for the next 20 years.”  Plain and simple, making the decision to purchase a property is a much bigger commitment than renting, both in terms of finances and length of time that you’ll wind up staying in one place.

With that being said, due to the amount you’ll have to invest in your final decision, it’s important to do a bit of upfront homework so you don’t wind up in a bind down the road.

Therefore, if you’re getting ready to buy your first place, there are five things that should be considered in advance.

1.) ADDITIONS TO YOUR LIFE – While it’s important to shop for a space that meets your current space needs, it’s always wise to assume that you might need to make adjustments at a later date should your family expand.  Even if kids aren’t in the picture, you never know what other types of changes life may throw at you—such as having a parent move in—so it’s wise to think about your need for extra bedrooms, bathrooms, and overall square footage.

2.) KNOW THE HOME’S CONDITION – Sure, you may not be able to afford a lot of upgrades at first; however, the basics should still be in working order.  Before making the final decision to purchase, you’ll want to have the property thoroughly inspected so you don’t find yourself stuck with a complete money pit.  Speak with your real estate agent about this process and feel free to ask for the names of reputable inspectors.

3.) BE CAREFUL OF EXPECTING PERFECTION – Much like a first job, first homes tend to represent a stepping stone to something better, so finding the right place is often a matter of balancing your wants and needs with what you can reasonably afford.  Make a list of “must-haves,” “nice-haves,” and “not necessary to-haves,” and focus on the areas where you don’t mind compromising.  Are you willing to sacrifice a three-car garage for a larger kitchen?  Is the larger home worth it if it’s in a less desirable neighborhood?  Only you can measure the importance of the amenities you’re looking for.

4.) REMEMBER TO ACCOUNT FOR ALL OF THE COSTS OF OWNERSHIP – When you’re renting, things like regular maintenance and repairs are the responsibility of your landlord; however, one of the key aspects of homeownership is that the property becomes yours and yours alone.  Therefore, don’t forget to account for the fact that your budget will need to include those extra living costs such as utilities, trash pick-up, sewage fees, HOA dues, and other routine maintenance costs.  When approving your home loan, your lending will not factor in these extra costs, so it’s important to calculate them in advance.  If you’re unsure of how to do this, speak with your real estate agent to determine the appropriate price range for you.

5.) ALL THINGS HAVE A LIFESPAN – Manmade things break and deteriorate, so it’s important to not only identify a potential home’s flaws before you buy, but to have an understanding of its components.  When will the roof need to be replaced?  How old is the furnace?  What kind of shape are the appliances and carpet in?  Sure, everything may be in working order now, but all homes will need these types of repairs or replacements eventually, so it’s wise to research the expected lifespan of the larger-ticket items in your potential home.

When you’re ready to get the process started, please contact me.  I’d love to help you along the way.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

2014 RE/MAX All Properties Top Sales Associate of the Year