Archwood Properties

February 26, 2010

The Guide to Spring Cleaning

Filed under: Uncategorized — admin @ 3:39 pm

 Why does a vision of Full House’s Danny Tanner with his Spring Cleaning Clip-Board in hand come to mind whenever I think of this seasonal trend?  After months of stale air recirculating through the house, it’s time to open those windows and take in some fresh spring air.  With the variety of tools and products out there, it can be a more-stressful task than it has been in the past. 

A common least-favorite room to clean is the bathroom.  Scrubbing tile and toilets?  YUCK!  However, tackling such dirty areas doesn’t mean you have to partake in full-fledged chemical warfare.  Break out those lovely rubber gloves (you can even find cute ones to make the project less dreadful that much more exciting) and use a pumice stone to work out those mineral deposits and rust.  If you need something a bit stronger for stubborn marks, mix baking soda with acidic vinegar — it’s probably a cheaper solution and not to mention much better for your family and the environment.  When working on your tile floors, stay with your standard cleaner but instead of mopping over it, use a wet/dry vac to help remove contaminants from the grout (instead of creating an adverse effect of driving germs into the grout with mopping.)

 When cleaning your kitchen — there is much more involved than just removing germs from the area.  People often find this room of the house one of the hardest to clean because there is just too.much.stuff.  Before you bust out  those sprays and sponges, take a hard look through your cabinets and drawers and see if there are things you can either get rid of or store in a better-suited place.  We all know about that ‘junk drawer’ that is in nearly every home!  As for your counter-tops, if it’s not an appliance you use every day or at least very frequently, find a new home for it permanently and pull it out when you need it.  Don’t forget to clean out your fridge and pantry of expired items.  Now that those things are taken care of — it’s time to get down and dirty!  If you think using old socks and cut-up t-shirts are going to do the trick when cleaning, think again.  For a minimal price, invest in a all-purpose microfiber cloth that uses it’s own composition paired with a bit of warm water (or baking soda and vinegar)  to pick up grease and dirt, rather than having to use tough chemicals.  Remember, we prepare our food in our kitchen and while chemical cleaners get rid of bacteria, they can also leave behind a little special something in our food!

Attacking a bedroom cleaning project also involves plenty of organization and not just conventional cleaning.  Flip and rotate your mattress and consider a professional cleaning service to come thoroughly disinfect your bed.  Take some weight off those closet racks and store out-of-season clothing and sheets or even see if there are items you can donate.  Even if you opt for a professional service to clean your carpets, which is highly recommended, don’t overlook your own vacuum.  Be sure to use those hose attachments to pick up debris along the baseboards, under the bed and in the window sills/blinds and while you’re at it, give the curtains a nice run through the dryer on high heat to kill the dust mites. 

Almost done — right after you straighten up your living areas.  If you opt to hire a cleaning service for your carpets and/or mattress, go ahead and let them apply their magic to your upholstery in common, high-traffic areas.  Remember how you bought that microfiber cloth for your kitchen??  Go purchase another one (don’t cross-contaminate rooms by using the same cloth for different purposes.)  A damp microfiber cloth can be used to wipe down mirrors, fan blades, furniture surfaces, wood paneling, windows and even plastic electronic casings.  Once those to-dos are checked off your list of tasks, take a shower and a deep breathe then relax and enjoy your clean home! 

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 24, 2010

Tax Tips for 2010 Returns: Looking Ahead

Filed under: Uncategorized — admin @ 5:00 pm

Many taxpayers wait until right before the April 15th deadline to start sorting out their taxes, but if you can get a jump start on them several months in advance, you’re already off on a good foot! Mike DeSenne from HouseLogic gives us some tips on how to get ahead early in the game. 

Claim remaining energy tax credits
If you haven’t exhausted your full allotment of residential energy tax credits during 2009, start doing so this year so that you may claim it next April for the year 2010.   Although tax credits for big projects like residential wind turbines and solar energy systems have no upper limit and are good through 2016, energy tax credits capped at $1,500 expire at the end of 2010. Eligible capped projects include new windows and doors, insulation, roofing, water heaters, HVAC, and biomass stoves.

Here’s how it works with capped federal credits: You can earn energy tax credits worth 30% of the cost of qualifying improvements, but the total tax credits can’t exceed $1,500 combined for 2009 and 2010. So if you only took, say, $700 worth of capped energy credits on your 2009 tax return, you’re still due for another $800 in credits in 2010. Some projects include the cost of installation—a furnace, for example—while others, such as insulation, are limited to the cost of materials.

Max out tax benefits of a vacation home
Use a vacation home wisely, and it’ll provide a break from taxes as well as the hustle and bustle of everyday life. The rules on tax deductions for vacation homes can get a bit tricky, but understanding and adhering to them can yield many happy tax returns.

If your vacation home is truly a vacation home meant for your personal enjoyment, as opposed to a rental-only income property, you can usually deduct mortgage interest and real estate taxes, just as you would on your main home. You can even rent out the home for up to 14 days during the year without getting taxed on the rental income. Not bad.

Now, let’s say you want to rent out your vacation home for more than 14 days in 2010, but also use it yourself from time to time. To maximize the tax benefits, you need to keep tabs on how many days you use your vacation home. By restricting your annual personal use to fewer than 15 days (or 10% of total rental days, whichever is greater), you can treat your vacation home as a rental-only income property for tax purposes.

Why is that a big deal? In addition to mortgage interest and real estate taxes, rental-only income properties are eligible for a slew of other tax deductions for everything from utilities and condo fees to housecleaning and repairs. Deductions are limited once personal use exceeds 14 days (or 10% of total rental days), so get out your calendar now to strategically plot your vacations.

Take advantage of tax breaks for the military
In salute to members of the armed forces serving overseas who want to purchase a home, the IRS is extending a lucrative tax perk for military personnel. If you spent at least 90 days abroad performing qualified duty between Jan. 1, 2009, and April 30, 2010, you have an extra year to earn a homebuyer tax credit. In addition to uniformed service members, workers in the Foreign Service and in the intelligence community are eligible.

Thanks to this extension of the homebuyer tax credit, qualifying military personnel have until April 30, 2011, to sign a contract on a new home. The deal must close before July 1, 2011. Just like non-military buyers, first-time homebuyers can earn a tax credit worth up to $8,000, and longtime homeowners can earn a credit of up to $6,500. The same income restrictions and $800,000 cap on home prices apply.

Military personnel can also get a break if official duty calls and they’re forced to move for an extended period. Normally, the homebuyer tax credit needs to be repaid if you sell your home within three years, but this requirement is waived for uniformed service members, Foreign Service workers, and intelligence community personnel. The new extended duty posting doesn’t need to be overseas, but it must be at least 50 miles from your principal residence.

Challenge your real estate assessment
You can’t do much about the rate at which your home is taxed, but you can try to do something about how your home is valued for taxation purposes in 2010. The process varies depending where you live, but in general local governments conduct a periodic real estate assessment to determine how much your home is worth. That real estate assessment figure is used to calculate your property tax bill.

You can usually appeal your real estate assessment if you think it’s too high. Contact your local assessor’s office to find out the procedure, and be prepared to do some research. There’s often no charge to request a review of your assessment.

Look for errors. You probably received an assessment letter in the mail, and many local governments provide the information online as well. Make sure the number of bedrooms and bathrooms is accurate, and the lot size is correct. Also check the assessed value of comparable homes in your area. If they’re being assessed for less than your home, you might have a case for relief.

Even if your assessment is accurate and comparable homes are being taxed at the same rate, there might be another route to tax savings. Ask your assessor’s office about available property tax exemptions. Local governments often give breaks to seniors, veterans, and the disabled, among others.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 23, 2010

Foreclosure inventories low!

Filed under: Uncategorized — admin @ 4:16 pm

 A few years ago, if you were looking for a bargain in the housing market, you could find one when looking at foreclosed properties.  Sure, a lot of properties were damaged due to disgruntled homeowners, but amongst the rubble you could usually find a gem!  In recent months, the number of foreclosures on the market have fallen significantly from what they were just a year prior.  Any foreclosed properties that are attractive to buyers because of their popular neighborhoods have most likely been snapped up, and the demand for a foreclosed home is driving up the prices.  The properties are now selling at 10% higher than what they were just over a year ago, or even higher for properties involved in a bidding war.   

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 22, 2010

Lawn Maintenance

Filed under: Uncategorized — admin @ 7:24 pm

For cool-season grasses, it is advised to feed in the early fall so the grass enters winter dormancy in a much healthier growth, whereas for warm-season grasses, this should be done late in the spring just as the grass begins its most active growth. Homeowners who mow regularly with mulching mowers are encouraged to leave the clippings on the ground, where they’ll decompose and recycle nutrients into the soil.Weed-control herbicide applicationCool-season: Fall. Warm-season: Late winter. For minor weed invasions, removal by hand of the entire plant and roots is recommended. When the situation becomes impossible to contain by hand, it might be necessary to apply an herbicide.Grub controlCool-season: Early summer. Warm season: Late summer. Grub worms feed on the tender root systems of lawns. Affected lawns exhibit browning and wilting patches.PatchingThe best time to patch bare or thin spots in a lawn is at the start of the grass’s most favorable growing period. For cool-season grasses that means waiting until the hot, dry days of summer have given way to cooler fall temps. Warm-season grasses thrive in summer, so it’s best to sow seeds at the start of that season.CleanupFor any type of grass, cleanup efforts should take place from spring to fall. Although small particles of grass are fine to leave on the lawn, large piles that exit a side-discharge mower should be removed. Fallen leaves, twigs, and debris should be raked up regularly. In climates where it snows, it’s best to remove fall leaves before winter. A thick layer of wet leaves can smother a lawn if not immediately removed in early spring.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 19, 2010

Filed under: Uncategorized — admin @ 4:27 pm

The National Association of Realtors has launged a new free consumer website, HouseLogic, that offers a comprehensive understanding of homeownership. HouseLogic helps homeowners make smart decisions and take responsible actions to maintain, protect and increase the value of their homes.  The website assists homeowners with planning and organizing their home projects, in addition to providing them with advice, how-to instructions, critical tax, mortgage and home insurance information.  As a registered user, you can  save relevant information, create to-do lists and set project reminder or you can even customize it for your needs, abilities, etc. The site also provides users with the tools and know-how to effect change and address concerns, like establishing a neighborhood watch program, building a community playground, or participating in city or county planning efforts.  Visit the new site: www.houselogic.com.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 18, 2010

Is Your Home WaterSense?

Filed under: Uncategorized — admin @ 4:45 pm

Homebuilders are now pairing with the EPA (Environmental Protection Agency) in order to earn a WaterSense label on their newly-built homes.  WaterSense is the EPA’s final single-family home specification, which was designed to complement green building programs.  Homes with WaterSense will be 20% more water-efficient than typical new homes but must be independently inspected and certified by an EPA-licensed certification provider.  The new homes will feature WaterSense labeled plumbing fixtures, Energy Star qualified appliances, water-efficient landscaping, and hot water delivery systems that deliver hot water faster, preventing water waste.  By investing in WaterSense labeled homes, buyers can reduce their water usage by more than 10,000 gallons per year and if the approximately 1.27 million new homes built in the US each year were WaterSense labeled, it would save more than 12 billion gallons of water.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 16, 2010

Home Staging is Key to Housing Recovery

Filed under: Uncategorized — admin @ 4:06 pm

Home Staging is proving to be a successful career as it is projected to be a rapidly growing industry.  In a recent survery taken by over 500 realtors and brokers, some startling feedback regarding home staging was uncovered.  96% of these realtors believe that buyers react better to a fully-staged home than to one that is vacant, and in turn 94% say it takes longer for vacant homes to sell and at a lower selling price than those that are staged.   To sell a home quickly and at top dollar, you may want to look into having it staged.  Having real estate transactions close quickly and keeping inventory down, home staging essentially helps stabilize the real estate market. 

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 15, 2010

Insurance Tips for Homeowners

Filed under: Uncategorized — admin @ 12:10 pm

 

  1.  Maintaining an alarm system can reduce your insurance premiums by ~ 5%.
  2. Adding additional smoke detectors in your home can reduce annual premiums by about 10%.
  3. Up your deductible and pay a lower rate.  Small claims like broken windows are typically low-cost repairs and can be done cheaper than paying the deductible.
  4. Check to see if you qualify for multi-policy discounts.  Insure your car(s) with the same name/address and receive discounts on a bundled insurance program.
  5.  If you’re planning on adding on or renovating in the future, consider what materials will be used.  If highly-flammable materials are chosen, it may cost more to insure.
  6. Recreational features of a home, such as a pool or trampoline can increase your premiums by 10%.
  7. Paying off your mortgage quicker sends a positive sign to insurance companies.  They figure if you own the home outright, you’ll take better care of it.
  8. Review your policy regularly.  Compare your rates to that of other insurance companies to make sure you’re not paying more than necessary.
  9. Make sure you have a guaranteed replacement value insurance in your policy.  This means that no matter what the cost, if your home is completely destroyed, the rebuilding will be covered 100%.
  10. Get an endorsement on all property within the home, such as expensive jewelry and other valuables.  This will ensure that the property is covered if stolen, lost or damaged in a disaster.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 11, 2010

Top House-Hunting Mistakes

Filed under: Uncategorized — admin @ 6:19 pm

 

 

  1. Falling in love with a house you can’t afford.
  2. Thinking at a particular house is the only one in the universe that will suit you.
  3. Letting your desires to be a homeowner rush your search and buying a home that isn’t for you.
  4. Overlooking important flaws, including the structure, just for the appearance or location of the home.
  5. Thinking you’re a handyman and can fix flaws, when you aren’t really educated or skilled.
  6. Making an offer on the home before weighing the pros and cons.
  7. On the other hand, don’t be so slow at pulling the trigger that you loose the opportunity.
  8. Offering more than the house is worth.

 

 

 

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

February 9, 2010

Why You Should Sell NOW!

Filed under: Uncategorized — admin @ 10:33 pm

 While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.  Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash. Really talented real estate practitioners, contractors, and designers are available and eager for business.

Contact us today: 214.923.0261 or email us: info@archwoodproperties.com 

www.archwoodproperties.com

  

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