Angela Sells DFW

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Archive for the month “May, 2018”

What You Need to Know About Mold

 

Mold needs three things in order to grow and survive: an ideal temperature, food and moisture. Mold isn’t a new problem, nor is it a problem that is easy to prevent. Homes typically have a humidity range that is ideal for mold to grow and have dust particles in the area which means that mold can grow. Most homes have mold spores, however, most of the mold that grows is allergic mold, and not toxic mold. This means that some people are going to have reactions to the presence of the mold while others may not. Some people may have no symptoms, other may experience itchy eyes and sneezing, and others may develop asthma and breathing problems.

If moisture is not cleaned up within 48 hours,  you risk being exposed to mold being created.

The musty smell that is associated with the presence of mold is a result of mold spores feeding off nutrients in the environment. The color of the mold is a result from the type of nutrients that is receiving, not the type of mold it is. This is why it is impossible to determine what kind of mold it is without professional testing.

If there is surface mold in your home, try mixing detergent and bleach to remove the mold. If a large area is covered in mold, consult a professional to help you. After you have removed the mold, it is important to make sure that you replace your air filters regularly, run a fan to promote air circulation, keep the home ventilated, and check the grading on your property to ensure water is running away from your home and not toward it.

A home having mold can depreciate the value of a home significantly because a lot of homeowners do not wish to purchase a home with mold in it. However, it is possible to buy a home for less than the costs to fix the mold with equal to meaning you will get a great deal. Just be sure to contact a professional so that you can be sure of the extent of the mold before you purchase the home.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

Tips for a Cheaper Mortgage

Buying a home is a great way to give yourself control over your housing costs and to eliminate the need to deal with rising costs of living. However, make sure the mortgage that you are agreeing to pay is realistic for your budget as it is a long-term investment that you are agreeing to.

One way to cut down your mortgage is to eliminate the need for a Private Mortgage Insurance, PMI. In order to do this you will need to put up a twenty percent down payment. Typically lenders will only agree to a minimum of eighty percent borrowed money, ten percent down payment, and ten percent private mortgage insurance. Private Mortgage Insurance will typically cost you about one percent of the total loan amount. By eliminating the need for PMI, you will decreased the excess you will repay on your loan.

Another way to lower your mortgage is to buy a less expensive home or consider downsizing. This will not only make it easier to come up with a twenty percent down payment, but will also lead to a lower monthly payment and less insurance on your mortgage since you would be borrowing less money. In addition, you will also save money on property taxes and insurance. It is important to note, that you can save a lot of money by researching what company has the cheapest rates.

Make extra payments on your mortgage when you can. By doing this, you will pay less interest in the long run. For example, if you make an extra payment of $1,000 and have an interest rate of 10%, you will pay $100 less a year for the duration of your loan. By making regular extra payments, you will pay off the loan sooner and with less interest which can save you a lot of money by the time that you make the final payment on the loan.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

How to Spot Signs of Rodents and Bugs

Unfortunately, just because you don’t see pests during an open house, it doesn’t necessarily mean that they aren’t there. Hiring a professional is the best option when deciding if the home that you would like to buy would has a pest problem. However, there are certain signs of pests that you can look for in a potential home that will give you an idea if the home has a pest problem. Successfully determining whether a home has a pest problem can save you a lot of money in the future.

Rodents carry ticks, fleas and diseases as well as leave their droppings everywhere. Since they are nocturnal, it can be hard to determine if a home has a rodent problem. When looking at a home, listen for scratching noises in the walls to help you determine if there are rodents. In addition, look for rat nests in dark places like corners of cabinets and pantries. They make their nests out of shredded fabric and shredded paper. It is also a good idea to examine the baseboards for holes or dirt that might indicate that the home has rodents. In addition rodents are attracted to food and humidity so be mindful of the atmosphere in the home.

Bugs and insects can destroy personal property as well as expose you to a lot of diseases. In some cases they can even cause asthma attacks. They can be hard to get rid of in the future which could end up getting expensive. When looking at a new home, look for dead bugs, bug parts or holes where bugs could potentially enter the home.

Termites can put the structure of your home at danger. If they have been there for an extended period of time, they can even damage your foundation. Insurance doesn’t typically cover termite damage which means you would be responsible for the repairs. When looking at a new home, pay special attention to the wood. If the wood is sagging, there are visible holes, or it sounds hollow when you knock, the home might be in danger of having termites.

Bed Bugs will bury their beaks into your skin and extract your blood. Signs that the home might have a bed bug problem would be if you see rust-colored stains on the bedding, or furniture. In addition, look for cream-colored eggs in the corners of furniture. If you think that you were in a home that has a bed bug problem, it is important you clean all your personal items with hot water to ensure you don’t bring them with you as the can be really difficult to get rid of.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

Pros & Cons of Timeshares

Pro: If you can not afford to buy a vacation home, owning a timeshare will allow you to live in the property for the duration of the time that you reserve it for at a lower cost that if you were to own the property. 

Con: There are more fees involved then people initially believe. You will have to pay monthly payments, special assessments, and maintenance fees, whether you use them or not. You may also be subject to pay for utilities and property taxes. All of the fees added up can be way more than people anticipate.

Pro: You do not have to deal with the maintenance of the property as that is included in the maintenance fees. In addition, you will also not need to worry about the security of the property aside from major damage.

Con: Timeshares are contracts that will lock you into paying for a specified amount of time. Some are even lifetime meaning that your future generations will also be bound to the timeshare whether or not they want it or can afford it.

Pro: Timeshares offer the opportunity to make profit through subletting as long as the monthly payments, maintenance fees, and special assessments do not cost more than you make from subletting.

Con: Due to the amount of timeshares available, the price of the timeshare a depreciate after you purchase the contract. This means people will sometimes be forced to basically give them away when they choose to sell. In addition, the market for timeshares is limited which means that selling your timeshare could prove to be very difficult.

Pro: Timeshares provide large families with bigger places to stay than a hotel as well as access to a kitchen and common areas to relax and spend time.

Con: Maintenance fees will appreciate every year meaning every year the amount you will pay for your timeshare will increase.

Pro: If you prefer to vacation in the same spot at the same time every year, a timeshare can take the hassle out of planning a vacation by eliminating the need to deal with booking or availability because every year the space will be reserved for you at the times you specify.

Con: Some resorts will misrepresent the availability of the timeshare which can make booking the timeshare more difficult.

For all of your real estate needs, please contact the Hornburg Real Estate Group at Keller Williams Realty at DallasFtWorthHomeSearch.net or (817) 264-7087.

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