Tag Archives: homeownership

The 7 Most-Needed Repair Tips Every Homeowner Should Know

renovation

Relax. Here’s how to make short work of every common repair annoyance.

These are the 7 most-needed repair tips every homeowner should know.

1. Fix a Leaky Toilet

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Running toilets not only rob sleep, they waste water and jack up your bill. Here’s how to change a flapper — the usual suspect — and solve other likely problems.

Related: How to Fix a Sweaty Toilet

2. Repair Drywall Holes

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The hardest part of drywall repair is making the patch flush with the existing wall. A “pumpkin patch” is an easy repair that cuts down on sanding.

Related: Another Clever Way to Fix Drywall — with Makeup Sponges!

3. Adjust Cabinet Doors

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Changes in humidity can make cabinet doors rub, refuse to close, or just look cockeyed. Adjusting them is easy and generally requires only a screwdriver.

4. Open a Stuck Window

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Windows stick when paint, dust, or moisture builds. Use a utility knife (or a pizza cutter) to remove old paint. Be careful not to gouge the wood sash. If high humidity is making windows hard to move, run a humidifier that sucks moisture out of air.

Related: Save Money with Window Repair Tips

5. Stop a Leaking Faucet

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A dripping faucet can waste 5 gallons of water per day. If you can’t replace the faulty part immediately, tie a string around the faucet and let it fall into the drain: Dripping water will silently flow down the string.

6. Silence Door Squeaks

Take the squeak out of doors by lubricating top and bottom hinges with a little WD-40 or white lithium grease. If you don’t have any on hand, olive oil is a quick but temporary fix.

7. Turn Off the Main Water Line

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Don’t wait until water gushes into your house to search for the main water line. When things are calm and dry, locate and practice turning it on and off.

5 Ways to Freshen Up Your Bathroom

The bathroom is one of the most popular rooms of the house to renovate. But, you don’t have to overhaul it to make it sparkle like new. Below are five tips to enhance the appearance of your bathroom without undertaking an expensive and intensive remodel.

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  1. Paint. Go classic with white, create a spa like space with soothing blues or energize your space with orange or yellow tones. Look online or thru decor magazines for inspiration.
  2. Lighting. See yourself in the most flattering light with New Light Fixtures. New lighting is an easy way to update or modernize a space without gutting it.
  3. Fixtures. As with lighting New faucets add style to your space with minimal effort. Although silver-toned faucets are the choice among Homeowners Brushed Nickel and Polished Chrome are also popular choices
  4. Window Treatments. Tie the look of a room together with blinds, shades,curtains or a combination of these options. Choose BOLD colors to add POP to a room or stay neutral. Whatever you choose make sure it compliments the style of the room.
  5. Accessories. Add style and function with new accessories. If you’d like more storage add a wall cabinet or storage tower.Install a new mirror or towel rack to enhance the look of a room. Buy a new rug to go with the new color scheme and add texture and color with vases,wall decor or similar items. 

Are you looking to buy or sell a home in the Killeen/Fort Hood area? Give me a call!! 254-462-7172

Modtrice Ford- Your friend in Real Estate!

Tanglewood Estates Harker Heights

Tanglewood Estates and Tanglewood North in Harker Heights are two well Established neighborhoods in the area. Homes currently for sale in the area can sell for anywhere between $150,000.00 up to $450,000.00 depending on how high up on the hill it is located. Of course other factors include square footage, age (which can range from mid 70’s to early 200’s), and quality of the Home. The area is very desirable all in all. Most of the homes here are owner occupied which helps retain property value. Homeowners tend to take great care to make sure their yards stay manicured and their homes stay in good repair. It is rare to see a distressed home in this area. Not impossible but rare. Overall this is a great place to live but don’t take my word for it. Take some time and look for yourself…

Current Homes for sale in this area include…

MLS # 214914
MLS STATUS: ACTIVE
LISTING PROVIDED BY LETICIA FORD OF ERA COLONIAL REAL ESTATE
MLS # 214575
MLS STATUS: ACTIVE
LISTING PROVIDED BY KENDRA BARGER OF STARPOINTE REALTY CENTRAL TEXAS LLC
MLS # 115304
MLS STATUS: ACTIVE
LISTING PROVIDED BY CHRISTINE FLETCHER OF VISTA REAL ESTATE
MLS # 213421
MLS STATUS: ACTIVE
LISTING PROVIDED BY LAUREN REIDER-HALLMARK
Need a Realtor in the Harker Heights Area? Give me a call!!
Modtrice Ford- Your friend in Real Estate!
Exit Homevets Realty
254-462-7172
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2015: The Return of the Millennial Home Buyer

Brought to you by KCM

2015: The Return of the Millennial Home Buyer

Posted: 16 Dec 2014 04:00 AM PST

Young Couple Moving into a New Home

Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:

“Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015 millennials will become the largest home-buying age group. The lack of home-buying activity from millennials thus far is decidedly not because this generation isn’t interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home. As this generation matures, they will become a home-buying force to be reckoned with.”

Two days later, Realtor.com also projected that Millennials will be a driving force in the housing market next year. In their 2015 Housing Forecast, they claim:

“Households headed by millennials will see significant growth as a reflection of economic gains. Millennials will also drive two-thirds of household formations over the next five years. Next year’s addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales.”

Has the Millennial Home Buyer already re-entered the market?

AEI’s International Center on Housing Risk also released their first First-Time Buyer Mortgage Share Index this month. The report revealed that the percentage of first time home buyers may have been underestimated in 2014. According to the report, the percentage of first time buyers “averaged an estimated 46 percent over the 12 months ending October 2014”. That number far exceeds other numbers reported by the National Association of Realtors and others.

Bottom Line

The Millennial generation is growing up, finding jobs, getting married and starting families. Homeownership will definitely be the next step.

Buying a Home is 38% Less Expensive than Renting!

Via KCM: Keeping Current Matters

Buy-or-Rent

In Trulia’s 2014 Rent vs. Buy Report, they explained that homeownership remains cheaper than renting throughout the 100 largest metro areas in the United States; ranging from an average of 5% in Honolulu, all the way to 66% in Detroit, and 38% Nationwide!

The other interesting findings in the report include:

Even though prices increased sharply in many markets over the past year, low mortgage rates have kept home ownership from becoming more expensive than renting.

Some markets might tip in favor of renting later this year as prices continue to rise faster than rents and if – as most economists expect – mortgage rates rise, due both to the strengthening economy and Fed tapering.

Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.

Bottom Line

Buying a home makes sense. Rental costs have historically increased at a higher rate of inflation. Lock in a mortgage payment now before home prices and mortgage rates rise as experts expect they will.