N.B.Taylor & Co., Inc. Realtors



Posted by N.B.Taylor & Co., Inc. Realtors on 9/16/2019

Let's face it – buying a home can be difficult, particularly for those who are exploring the real estate market for the first time.

As a homebuyer, it is your responsibility to learn about the ins and outs of the housing market. By doing so, you can understand what differentiates a high-quality house from a subpar residence and proceed accordingly.

Furthermore, an informed homebuyer will know how to evaluate a home's exterior properly.

What does it take to conduct an in-depth assessment of a house's exterior? Here are three questions that every homebuyer should consider as he or she examines a home's exterior.

1. How do I feel about a home's exterior?

For many homebuyers, finding a house with an awe-inspiring exterior is a top priority. However, it is important to consider how you feel when you see a home's exterior for the first time.

A home's exterior should impress. At the same time, you need to evaluate a house's exterior in conjunction with other home features.

For example, a home may boast a massive kitchen and other dazzling interior features. On the other hand, a home's exterior may leave much to be desired.

Consider the pros and cons of a home's interior and exterior as you determine whether to submit an offer on a house. And if you need extra help along the way, be sure to consult with a real estate agent.

2. Will home exterior repairs be needed in the near future?

Examine a house's driveway, walkways and lawn as you conduct a home exterior evaluation. This will allow you to review the condition of these home exterior areas and determine whether repairs may be needed sooner rather than later.

Home exterior renovations sometimes can be costly and time-intensive. Thus, if you notice home siding that is cracked or other exterior issues, you will want to consider the time and expenses that may be required to fix such problems.

3. How much time will I need to commit to home exterior maintenance projects?

A home may have a beautiful exterior. In order to keep a house's exterior looking great, you'll need to conduct regular maintenance.

Consider what you will need to do to maintain a house's dazzling exterior as you explore all of the options at your disposal.

Will you need to hire a landscaping company to mow the lawn and trim the hedges? Or, are you willing to commit the time and resources necessary to perform assorted home exterior maintenance tasks on your own? These are just a few of the home exterior maintenance questions to consider as you review a property.

Of course, if you need guidance during the homebuying process, real estate agents are available to provide expert assistance.

A real estate agent possesses comprehensive housing market knowledge and can offer real estate insights that you may struggle to obtain elsewhere. With a real estate agent at your side, you should have no trouble examining a house – both inside and out – and making an informed homebuying decision.




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Posted by N.B.Taylor & Co., Inc. Realtors on 9/9/2019

There is always an undeniable appeal to move into a brand new home. After all, there shouldn’t be any problems with a new construction home, right? While shiny new appliances and brand new flooring can be appealing, there are many advantages to buying an older home.


The Price


It may seem obvious, but older homes are less expensive than newer homes. You might be able to get a bit more for your money if you decide to buy an older home. 


Construction Quality


Older homes tend to have a bit better quality in their construction. Some aspects of older construction homes cannot even be reproduced with all of the technology that we have in the present day. It’s often true that “they don’t build homes like they used to.” Certain building materials of the past are actually more sturdy than the materials that are used in the present day. Older homes have stood the test of time for a reason! 


The Location Is An Established Neighborhood


If you’re not looking to move into an up and coming neighborhood, you could be better off buying an older construction home. You’ll know that a neighborhood has already been established and that people have enjoyed living in the area for years before you got there when you find an older home to purchase. In finding a neighborhood, you’ll look at the important factors like the school district, the walkability of the area and the crime rate. Older homes tend to be in more stable areas. Keep that in mind. 


Older Homes Have More Personality


Sure, you could move into a street with new construction and be happy there. Yet, if you move into an older home, you will find a lot of advantages. The landscaping may be more well-established, allowing you to find your favorite features on the outside of the home right when you move in. In a new home, it could take years to establish the same type of curb appeal that you’ll get from moving into an older home.    

 

There’s More Space In An Older Home


An older home may afford you much more yard space and overall square footage. As the world gets more and more developed, space runs short. Older homes were constructed at times when space was at a maximum. These homes were built on larger lots, giving homeowners the advantage of more space. 


While you may think that buying a new construction home is the way to go, older homes offer many different things that newer construction homes just can’t bring to the table. Broaden your search and look for older homes, you could be very surprised!   






Posted by N.B.Taylor & Co., Inc. Realtors on 9/2/2019

Real estate terminology can be confusing for both new and experienced homeowners alike. Especially when it comes to the various types of loans. If the different types of loans have your head spinning, don’t worry. I hear you!

Here’s what you need to know:

Mortgage prequalification is an estimate a lender will give as to what you will qualify for when a more in-depth analysis is made. It doesn't guarantee anything and is to be thought of as a rough ballpark estimate.

Mortgage pre-approval is when a more in-depth review is made. The lender will take your income, debt and other factors into consideration to give you a more conclusive number. This number is the max they will lend out to you. It does not mean you have to take out the full amount.

Adjustable rate mortgage or ARM is a mortgage in which the interest rate changes over time. These changes are dependent on an index based on the credit markets. The change in interest rate should reflect a fairness of risk to both the lender and borrower. These changes are regulated by the government and there is a limit to the charges. The initial lower rate the first few years is a draw for many borrowers.

A fixed-rate mortgage or FRM is, as you might have guessed, one where the interest rate does not change throughout the lifespan of the loan. These loans are seen as risky in that the interest rate doesn’t reflect the flux of credit market values. What this means is that sometimes the risk for the lender increases if the market value of the home increases. And the risk increases for the buyer when the market value of the home decreases.

Conventional loans have fixed terms and rates and are not “government-backed”. This simply means they are not guaranteed by the government or insured by a government agency. Examples of these agencies are the Federal Housing Administration (FHA), the Farmers Home Administration(FmHA), and the U.S. Department of Veteran Affairs (VA).

Private mortgage insurance or PMI is a type of insurance for a conventional loan. This loan protects the lender if, for whatever reason, you were to stop making payments. It’s usually a monthly premium tacked onto your mortgage payment. It can also be an upfront cost you only need to pay once. This is a decision that is up to and may be mandatory, by your lender.

Federal housing administration loan or FHA loan can only be obtained from qualifying lenders. These loans are insured by the FHA. This mortgage is designed to assist home buyers who have a low to moderate income and can’t afford to put down a large down payment. The down payment can be as low as 3.5% of the home's value for borrowers who qualify.  





Posted by N.B.Taylor & Co., Inc. Realtors on 8/26/2019

The wall finishes you loved five years ago seem a little stale now. Even though the walls have held up and don't need repainting, the look seems dated. Either that or your do-it-yourself gene wants to express itself again with something completely different. Go ahead. Splash some paint on those walls. Better yet, try a new finish to add warmth, depth, and sophistication to any room.

Decorative techniques

  • Sophisticated stenciling. Instead of flowers, paisley, and fleurs-de-lis think techno dashes or graphic geometrics. Try a single wall in the bathroom, or above the backsplash in the kitchen. For a fanciful finish, wrap your design around a corner and fade into the larger wall.
  • Stripes and checks. New painter tapes and smoother wall finishes lend themselves to stripes and checks. For an intricate detailing try graduating from wide stripes to narrow as you move up the wall or start with a darker color and move to a lighter one. Another sophisticated look is a plaid or check. Think gingham for a classic design. You'll need both a deeper and lighter version of the same hue to complete the look.
  • Strié. Different from stripes, strié is a faux finish utilizing glaze and brushes in a horizontal or vertical motion to create natural striations—fine ridges or grooves—on the surface of the wall. Because the process removes glaze with each brush stroke, it is a "negative technique" rather than adding it. The simplest version requires rolling a layer of faux-glaze over the entire wall, then removing it in lines with a dry brush.
  • Dots and harlequins. Add a bit of whimsy to the wall of a bedroom wall with polka dots or harlequins (elongated diamonds). Use a stencil for the dots and tap for the harlequins. Raise the bar a bit with your dots by placing them randomly rather than an evenly-spaced pattern or put larger groups of dots nearer the ceiling with fewer and fewer as they progress down the wall toward the floor.
  • Metallics. A newcomer to the paint scene, metallic paints such as pewter or copper in a glossy finish add drama to a niche or alcove. Use a metallic bronze above a fireplace or paint a powder room ceiling antique gold.
  • Sponging. Arguably one of the least complex finishes to master, sponging can date your home back to the 90s or move it into the modern era depending on the care and precision you use. A single color, say blue or green on a white wall, is the old version of this technique. To give a completely updated version, paint the wall a medium dark color, say an ocean blue, and then sponge on slightly lighter and slightly darker colors with a light hand to give the wall the look of aged azure stone. For a more formal look, lightly add metallic touches with a dry sponge to add reflective tones.
  • Color wash. For textured walls and paintable wallpaper, color wash creates a beautiful finish. Paint the walls in a satin finish paint, then, brush over it with a glaze mixture to bring out the texture.
  • Hand rubbed. Like color wash, the hand-subbed technique uses a soft cloth or old cotton sock, instead of a brush, to rub the glaze in a circular pattern onto the wall.

No matter what the technique, if you don't love the finished product, simply paint over it and start again. Before utilizing a specialty paint technique on the walls in a home you plan to sell, chat with your local real estate professional to see if it's the right choice for your home.




Tags: decorating   painting tips   DIY  
Categories: Uncategorized  


Posted by N.B.Taylor & Co., Inc. Realtors on 8/19/2019

The summer can be a fun time full of adventure and bonding with friends and family. But with the hot days, many who want to spend their time inside with the family where it is cool are choosing to do so. 

With the long hours spent at home and the increase in usage, you may lose control of your electric bill and end up paying a lot of money you did not expect to pay.

For the households who want to save money, or at least use electricity efficiently, the following are some ways to do so:

The first thing you need to do is to prepare yourself for the heat. This way, you can plan and set your physical limits as early as possible. Once you get done preparing mentally, you need to make your home ready for the heat with the following steps.

  • You can invest in an automatic thermostat. An electronic thermostat is the best way for you to keep your home at a suitable temperature without having to increase or decrease the thermostat, the smart device will do that for you.
  • You should review the maintenance of your air conditioning units and fans to check if they work and how you can further save electricity on them.
  • You can have a general cleaning and de-clutter your home so you can have more space for the airflow.

Second, you need to do the math and share that logic with your family members, so they know how to control the temperature.

You must remember this logic: for every degree above 72ºF, you end up saving up to 3% on your cooling expenses. Studies have shown that the ideal setting is up to 78ºF.  This setting works best if you slowly acclimate early in the summer.

Third, you can spend money on blinds and end up saving more. Think of this scenario: you have the air conditioner on, and the windows allow the sun to come in. Perhaps it is ideal for you to use natural light, but it hurts your electric consumption more. The more sun that shines in the room, the more work the air conditioner does. Adjustable blinds allow you to have reflected light but reduce the thermal effect.

Finally, use summer to bond with your kids. Only use one room where your whole family can stay during the day if you plan on staying at home. This way, you save money on air conditioning and also bond with your kids.

Now that you know the best ways to save electricity during the summer, you are now ready for a better experience with your family. 

Contact a real estate professional if you want to know how you can use your electricity savings to increase your home’s market value.