Patricia Betro's Blog
Most new home shoppers have a list of must-have features in their new abode. Having such a list is a great way to zero in on which houses will make the cut and which are off your list. You will also be able to have a more clear idea of how much of your budget to allocate for upgrades after the final sale for any missing features. Afterall with such a large investment shouldn’t your new house be your dream home?
Here four sensible upscale upgrades you’ll want to add to your list ASAP.
Radiant heat flooring throughout the home will keep your feet warm and room temperatures steady. Your energy bill will be cut significantly while also avoiding the on/off repetition of other heating systems that leave you hot and cold. The only flooring radiant heat doesn’t work well with is carpeting. So if your home has any consider this your ticket to finally replacing them with some gorgeous hardwoods.
Whole-house electrostatic precipitator is installed into the ductwork of your home's forced air heating system. The electrostatic allows these electrically charged filters to catch particles like pollen, smoke, and dander as if they were a magnet. And while installing this system is an investment upfront, unlike other filtration systems you don’t need to buy replacement screens each month. Instead, you simply wash the plate every few months and pop it back in to continue doing its job.
Plan extra outlets for better cord management. Floor outlets under a desk, entertainment center or dining room table allow for easy cord management and avoid tripping hazards from cords stretched, mid-air across a room. Place an outlet mid wall where you plan to hang your television for another clever cord management solution. While installing you should also consider picking up an in-wall cord system kit to easily DIY a hidden path for tv to console cords.
Energy efficient features come with multiple benefits and never an upgrade a homeowner would stick their nose up at. I’m sure the first that comes to mind is windows. They keep heat/AC in and outdoor temps where they belong - out. A smart thermostat can help you learn how much energy you’ve used before your electric bill comes in and which temperature settings are the most efficient. Not to mention you can easily adjust the temperature from its app so you no longer need to get up just to change the thermostat.
Upscale upgrades aren’t all indoor basketball courts and massive home theaters. There are many that are sensible and add to your quality of life for the better. Keep a running list of which homes on your wishlist have these features and how much budget to set aside if they don’t.
42 Jackson Circle, Franklin, MA 02038
75 Kilby, Hingham, MA 02043
The age-old problem of trying to stretch your household budget is a challenge nearly everyone grapples with at one time or another. If you're confounded by the fact that your paycheck(s) seem to disappear within days of depositing them, it may be time to examine your spending habits.
Creating a written budget is often an eye-opening experience, especially if you haven't taken the time to do that recently -- or ever! Itemizing all your monthly and periodic expenses can not only help you realize where the money's going, but it can also give you a greater feeling of control over your life. As an added bonus, reviewing your household budget a couple times a year will also increase your awareness of your debts, your income, and your spending habits. Once you know how tight your budget is and whether you need to reduce expenses or increase income, you'll be in a stronger position to effectively manage your family's finances.
- Creating a budget: Whether you prefer to use spreadsheets, software, or just a simple income-versus-expenses chart, setting up a budget will help put you in the driver's seat of your cash flow situation. While there are many distinctions between running a business and managing a household, there are probably more similarities than differences!
- Identifying "money leaks": If your family's budget seems tighter than you'd like it to be, one possible reason is that you're spending more than you need to on some expenses. The perfect examples are homeowners' and automobile insurance. You've probably seen and heard countless ads for well-known insurance companies that say they can save you hundreds of dollars a year on your insurance policies. If you've been dismissing those claims as mere hype, consider the possibility that you may actually be paying more on your insurance premiums than necessary. It may be worth your while to have your insurance agent review your policy with you to make sure you're getting all the coverage you need and the discounts to which your entitled. The best way to remove any doubt is to get two or three quotes from other reputable insurance companies. You can often do this through email or online, so you shouldn't have to go to time-consuming office appointments just to get a few insurance quotes. To compare "apples to apples," make sure to use identical coverage amounts and deductibles for each estimate your seeking; hopefully the agents you deal with will remind you of that. It's also possible to save hundreds more dollars a year by contacting your cable TV company, Internet service provider, and cell phone service (It might be one company) to discuss ways your bill can be lowered. The first step would be to examine your latest invoice and determine whether you're paying for services you don't use or need. If you see charges that are excessive or confusing, don't hesitant to get on the phone and have those issues clarified. If inconsistent utility bills are a problem, then switching over to a monthly budget plan will make your expenses more predictable and manageable.
What Is The Disclosure Statement?
Disclosure statements are used in many of life’s situations. This is the place where the buyer is able to learn about the ins and outs of the property that they are about the buy. Examples of items that would be on a seller’s disclosure are:
- Water in the basement
- Updates made to the home
- Known pests
- Paranormal activity
- Death on the property
- Past fires
- Nearby major construction projects
- Title 5 sewerage issues
Disclosures Serves As Protections
The disclosure statement serves as a protection for both the buyer and the seller. From a buyer’s perspective, through this information, they are able to understand a bit more about the property that they are potentially buying.
On the seller’s side of things, the disclosure statement serves a s legal protection of sorts. The seller is obliged to reveal anything about the property that could potentially affect the value or affect the living conditions.
How Does The Seller Make The Disclosure
Each state and even each city within a state varies in the way a disclosure is conducted. The statement can be composed of dozens of documents that need to be signed by the seller. Other states have disclosure document forms that consist of a series of yes or no questions about the home. Sellers may also be required o present communications between neighbors, owners, and agents. In some states, the disclosure statement is valid for up to 10 years, allowing buyers to collect damages if something wasn’t properly presented on the statement.
How Do Sellers Know What To Disclose?
The basic rule of thumb is that if you know something about your property, you should disclose it. If you try to hide something, it could come back to meet you in the form of a lawsuit, even years later. Many states have legal requirements as to what should be revealed on these documents.
What’s Disclosed To Buyers?
The disclosure doesn’t have to be all bad. This document is also an opportunity for sellers to present any of the improvements that they have made to the home. Make sure that you include all of the upgrades, renovations, and improvements that you have made to the home that you’re selling. This can help to impress buyers as to how well you have taken care of the property.
It’s easy as the buyer to check some of these improvements as you can find out if the work was done with or without permits by checking with the city’s zoning reports. Work that was done without a permit may have not been completed according to code. This could pose some serious health and safety risks to you and your family.
Problems that you’ll want to disclose as a seller include pest problems, property line disputes, disturbances in the neighborhood, liens on the property, and appliance malfunctions.
Remember that the disclosure doesn’t substitute the buyer’s right to a professional inspection of the property. It’s important for buyers to know as much about a property as they can in order to be sure they’re making a good investment.