Is Your Yard Equipment Ready for Spring?

As spring finally starts to arrive, there are likely a number of tasks around the house that will be kicking off in the coming weeks. Whether you’re mowing the lawn, prepping the garden, or refreshing those flower beds, it’s time to break out your equipment and get to work. One question, though: Is all your yard equipment actually ready for spring?

If you’re like a lot of people, at the end of the year you just clean up your equipment a bit and put it into storage. If you don’t do anything else with it, though, this can actually shorten your equipment’s life and increase the likelihood of breakdown during the busy spring period. Before you dive into all those spring tasks, here are a few things you should do to keep your mowers, tillers, and everything else running smoothly.

Change Those Fluids

When was the last time you changed the oil in your mower? How old is the gas in your trimmer? As the spring arrives, you should start your equipment out with fresh fluids. Not only will this ensure that your engine is properly lubricated when you start your various spring tasks, but it will also prevent potential problems that can result from old gas breaking down over the long winter months.

Depending on the equipment you use, this can also be a great time to lubricate other moving parts or grease any bearings that might have dried out while things were in storage. Check your owner’s manuals to see if there are any other fluid or lubrication recommendations for your equipment while you’re working on your spring prep. If you can’t find the owner’s manual, check the manufacturer’s website or other online resources for tips.

Sharpen Your Blades

There are many pieces of yard equipment that feature blades or other cutting surfaces. These can get dull as time goes by, and in some cases may even pick up a little bit of rust over the winter depending on where you live. This can cause some serious problems heading into a new year, resulting in uneven cuts and potentially even contributing to blade damage or other failures. Before you fire things up for the first time this spring, spend a little time sharpening those edges to make sure that everything’s working like it should.

Of course, not all blades can be revived by simple sharpening. While you’re checking them out, look for cracks or other signs of damage in the blades that can’t simply be buffed out or sharpened away. If a blade is cracked or damaged, replace it completely instead of trying to sharpen it. Cracked or damaged blades can break while under the stress of use, potentially causing damage or injuries in the process. The cost of a new blade is a small price to pay for staying safe while working around the house.

Other Equipment Maintenance

Depending on the equipment you have, there may be other maintenance tasks you need to perform as well. Changing oil filters, fuel filters, and spark plugs are great beginning-of-spring maintenance activities that go a long way toward getting your year off on the right foot. If you use electric equipment, test-charge any batteries to make sure that they can still hold a good charge after being in storage for the winter. Pneumatic and water hoses should be checked for leaks before use, and any nozzles or sprayers should be cleaned to remove dust and other gunk.

If you find that there’s more to do than you have time for this spring, you might also consider hiring a landscaper or other professional to cover a few of your normal spring tasks. HomeKeepr can help you find the perfect pro to meet your needs. Sign up for a free account today to find professionals who have the skills (and the equipment) to take some of these tasks off your plate… and you can bet that their equipment will be well-maintained and ready to roll.

Home Is Where the Heart Is

Some Highlights

• There's no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year.
• The vast majority of homeowners say they're emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic.
• Owning a home provides a sense of safety, security, and accomplishment. Lets connect to move your homeownership goals forward today.

 

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

If you're planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund.

Using data from the Internal Revenue Service (IRS), its estimated that Americans can expect an average refund of2,925 when filing their taxes this year. The map below shows the average anticipated tax refund by state:Thanks to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many first-time buyers can purchase a home with as little as 3% down. In addition, Veterans Affairs Loans allow many veterans to put 0% down. You may have heard the common myth that you need to put 20% down when you buy a home, but thankfully for most homebuyers, a20% down payment isn't actually required. Its important to work with your real estate professional and your lender to understand all of your options.

How can your tax refund help?

If you're a first-time buyer, your tax refund may cover more of a down payment than you realize.

If you take into account the median home sale price by state, the map below shows the percentage of a 3% down payment that's covered by the average anticipated tax refund:The darker the blue, the closer your tax refund gets you to homeownership when you qualify for one of the low down payment programs. Maybe this is the year to plan ahead and put your tax refund toward the down payment on a home.

Not enough money from your tax return?

A recent paper from the National Bureau of Economic Research found that, of the households that received a stimulus check last year, One third report that they primarily saved the stimulus money. If you had the opportunity to save your Economic Impact Payments, you may consider putting that money toward your down payment or closing costs as well. Your trusted real estate professional can also advise you on the down payment assistance programs available in your area.

Bottom Line

Saving for a down payment can seem like a daunting task, but it doesn't have to be. This year, your tax refund and your stimulus savings could add up big when it comes to reaching your homeownership goals.

 

When Should You Get Your A/C Ready for Summer?

It may still be just barely spring, but summer is right around the corner. For a lot of homeowners, that means flipping the heat to air conditioning, and, potentially, discovering that their air conditioner isn’t working properly. This is why it’s so important to check your air conditioning system now, before you really need it. Not only will you be able to beat the rush for repairs, you’ll also get extra time to clean and prep your unit so it can perform at its very best all summer long. So when – and how – should you get that A/C ready for summer?

Now Is The Time for A/C Prepping

You can run a simple check on your air conditioner any time the weather is above about 50 degrees or so. You don’t need to leave it on all day, just long enough to make sure it’s blowing cold and there aren’t any weird noises or smells coming out of the outdoor unit. If you try this when it’s too cold outside, some units will freeze up, others may simply refuse to kick on at all, and both of these situations may lead to your calling out a repairman for absolutely no reason. But it’s also important to not wait too long to check your unit for problems, since HVAC experts get booked pretty solid as soon as it starts to heat up. Unless you really love waiting for service, check your unit when the days start to warm, but aren’t unbearably hot. You should be able to find someone to make a repair in a reasonable time if you beat the rush.

Looking for Reliable A/C Help?

Look no further than your HomeKeepr community where you can find some of the best HVAC experts in the area for your big repair jobs. It’s just as easy to find someone who can clean your unit and get it ready before summertime rears its ugly head.

Don't Sell on Your Own Just Because Its a Sellers Market

In a sellers market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO. As a result, some sellers think selling their house will be a breeze and see todays market as an opportunity to FSBO. Lets unpack why that's a big mistake and may actually cost you more in the long run.

According to the Profile of Home Buyers and Sellers published by the National Association of Realtors (NAR), 41% of homeowners who tried to sell their house as a FSBO did so to avoid paying a commission or fee. In reality, even in a sellers market, selling on your own likely means you'll net a lower profit than when you sell with the help of an agent.

The NAR report explains:

FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of 217,900 in 2020 (up from 200,000 in 2019), and still far lower than the median selling price of all homes at 242,300. Agent-assisted homes sold for a median of 295,000…Sellers who began as a FSBO, then ended up working with an agent, received 98 percent of the asking price, but had to reduce their price the most before arriving at a final listing price.

When the seller knew the buyer, that amount was even lower, coming in at 176,700 (See graph below):That's a lot of money to risk losing when you FSBO far more than what you'd save on commission or other fees. Despite the advantages sellers have in todays market, its still crucial to have the support of an expert to guide you through the process. Real estate professionals are trained negotiators with a ton of housing market insights that average homeowners may never have. An agents expertise can alleviate much of the stress of selling your house and help you close the best possible deal when you do.

Bottom Line

If you're ready to sell your house this year and you're considering doing so on your own, be sure to think through that decision carefully. Odds are, you stand to gain the most by working with a knowledgeable and experienced real estate agent. Lets connect to discuss how a trusted advisor can help you, especially in todays market.

Latest Jobs Report: What Does It Mean for You & the Housing Market?

Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%.

What does this mean for you?

Our lives are deeply impacted by our nations economy. The better the economy is doing overall, the better most individuals in the country will do as well. Here's a look at what four experts told the Wall Street Journal after reviewing last weeks report.

Michael Feroli, JPMorgan Chase:

“The powerful tailwind of the reopening of economic activity appears to be gathering force; while the level of employment last month was still 8.4 million positions below that which prevailed before the pandemic, it is reasonable to expect that a majority of those lost jobs will be recouped in coming months.”

Mike Fratantoni, Mortgage Bankers Association:

“We fully expect that this pace of job gains will continue for months, and anticipate that the unemployment rate, now at 6%, will be well below 5% by the end of the year.”

Paul Ashworth, Capital Economics:

“With the vaccination program likely to reach critical mass within the next couple of months and the next round of fiscal stimulus providing a big boost, there is finally real light at the end of the tunnel.”

Jason Schenker, Prestige Economics:

“People are getting back to work and the vaccine isn’t just inoculating the population, it’s clearly inoculating the economy.”

What does this mean for residential real estate?

Today, the biggest challenge for homebuyers is the lack of homes currently for sale. With listing inventory down 52% from a year ago, bidding wars are skyrocketing. As a result, home prices are climbing.

One answer to this challenge is to build more homes to satisfy the demand. The latest jobs report gives hope for new housing construction, and therefore brings hope to buyers as well. Here's what three industry economists said about the increase in construction jobs revealed in the report:

Lawrence Yun, Chief Economist, National Association of Realtors:

“Construction jobs boomed in March, one of the largest monthly gains ever. This raises the prospect for more home building and more inventory reaching the market in the upcoming months. The housing market has been hot with fast rising home prices but has been constrained by a lack of supply. By hiring more workers and building more homes, home prices will move to a manageable level to give more Americans a shot at ownership.

Odeta Kushi, Deputy Chief Economist, First American:

Great jobs report for a housing market in an inventory crisis. Residential construction building jobs increased 3.9% from pre-2020 recession peak in Feb. 2020. The construction industry remains a labor-intensive industry. We need more hammers at work to build more homes.

Robert Dietz, Chief Economist, National Association of Home Builders:

Good job numbers in March for residential construction. 37,000 gain from Feb to March. 3.03 million total employment for home builders and remodelers, and up 49,100 from Jan 2020.

Bottom Line

An improving economy with a falling unemployment rate will benefit households across the country, as well as the overall housing market.

 

 

3 Ways to Make Your Attic Reno Unique

The word “attic” conjures up images of dark, dusty relic storerooms that just happen to be hidden in plain sight. For plenty of homeowners, their attics are full of treasure, just not the kind you might think. Their treasure comes in the form of square footage.

Renovating an attic into living space can be a complicated process, but it adds real living space to a home that may already be perfect in every other way.

What’s This About Hidden Treasure?

Your unfinished attic has a secret that it’s never been able to really own up to. It’s hiding treasure — lots of it, too. Most people look to remodel their attics simply for the added convenience and elbow room that more space provides families with growing needs. What they don’t realize in the moment is that an attic remodel can increase the value of the house, too. According to Remodeling Magazine, in 2015 a newly constructed midrange attic bedroom returned 77.2 percent of its cost in value.

If you’ve never set foot inside your attic, it’s probably nothing like you might imagine. There’s not going to be a lot to work with, expect your remodel to be a big deal. But anything worth doing is worth doing big, right? One of these days that big budget attic project will be your game room or the kids’ bedrooms or even just a quiet place to get away from the world for a while. And those are things you can’t really put a price tag on, though your appraiser and your bank may try.

Attic Renos: Before and After

Knowing what you’re facing, it’s worth showing you what the reward can be. Your attic won’t necessarily yield identical results, but to give you a general sense of how much you can do with an attic space, take a look at the photos below. On the left, you’ll see an attic space that’s probably much like yours: unfinished, sparse and dark. On the right is what could be an after photo: a beautifully designed, well lit, interesting and funky space.

Making That Attic Your Own

Obviously, you already own the attic, so technically it’s already your own, but semantics aside, an attic remodel is a really good opportunity to create something beautiful. Many attics are so divorced from the rest of the house that you can pretty much get away with anything without messing with the flow of the main house.

When you’re planning your attic remodel, consider these three ways to make that space unique, inviting and, most importantly, yours:

Include striking elements. You can look at the angles and cutouts in your attic as obstacles or you can take them and use them as opportunities. Framing repeating design elements that mirror the more difficult to work with parts of your attic can make it really shine. Old, unused flues standing between you and success? Rather than wall them in or remove them entirely, design with them! Add some similar-looking pillars with false brick to create a more industrial loft feel.

Build in custom furniture. Nothing says “unique” like something that is actually unique. Attics can be tricky to find furniture for. Either it’s too tall, too deep or too heavy and ultimately you just abandon the space all together. Don’t let your attic become a really fancy place to store the Christmas tree: have custom furniture built (or DIY it!). Your furniture needs to fit the space and do the job it was intended for, nothing more unless you want more. Window boxes, built-in storage, daybeds and so much more can make great additions!

Don’t Skimp on the Project. You know what it’s going to cost to remodel that attic space, take that number very seriously. No pressure, but you basically only have this one chance to get this right. You’re essentially designer-in-chief of the attic space for generations of buyers to come, so it’s pretty important that you bring your vision to life in full 3D.

Trying to decide if a bathroom makes sense in your attic space? The answer should be yes. Always yes. Although it can be a headache to put a bathroom in an attic, there are lots of creative ways to make it work. You’ll seriously regret not having added that bathroom when you have guests next and they keep running up and down the stairs to use the bath in the main hallway.

You’ll probably also regret it if you were going to install incredible skylights (like the ones in the bathroom images in this article) and then backed off because it just seemed like too much work and time to invest. This is your canvas, you get to pick the new structural elements that will forever change your home.

Ready for That Attic Remodel? I Know a Contractor…

A lot of people are probably saying that very thing to you right now. After all, they want to help their friends, it’s only natural. But you need a professional that is just that: a pro, not someone’s long lost cousin or brother’s neighbor’s kid. Join us at HomeKeepr and see how the power of hard work and great service pay off day after day.

All you need to do is log in, ask your real estate agent for a recommendation for your project and you’ll be supplied with a list of contractors that they trust enough to stake their reputation on. That’s serious business. No matter what kind of pro you may need for your attic job, you can find them in the HomeKeepr community, ready and willing to get you on your way to your very special attic space.