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While we don't like to talk about it - or even think about it - crime
is on the increase in North America, and throughout the world. The number
of burglars, muggers, auto thieves, robbers, purse snatchers, etc., is
growing at an alarming rate.
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How To Reduce Crime In Your NeighborhoodWhile we don't like to talk about it - or even think about it - crime is on
the increase in North America, and throughout the world. The number of burglars,
muggers, auto thieves, robbers, purse snatchers, etc., is growing at an alarming
rate. Now you, as a resident, working with neighbors can help reduce the crime
rate.
How? By organizing and/or joining a neighborhood program in which you and
your neighbors get together to learn how to protect yourselves, your family,
your home and your property. Working together, you can get the criminals off
your block and out of your area.
There's safety in numbers and power through working with a group. You'll get
to know your neighbors better, and working with them you can reduce crime,
develop a more united community, provide an avenue of communications between
police and citizens, establish on-going crime prevention techniques in your
neighborhood, and renew citizen interest in community activity.
"Citizens Safety Projects" are set up to help you do this. It is a
joint effort between private citizens and local police. Such programs have been
started all over. Maybe one already exists in your community.
These organizations don't require frequent meetings (once a month or so).
They don't ask anyone to take personal risks to prevent crime. They leave the
responsibility for catching criminals where it belongs - with the police. This
is NOT a "vigilante" group.
These groups gather citizens together to learn crime prevention from local
authorities. You cooperate with your neighbors to report suspicious activities
in the neighborhood, to keep an eye on homes when the resident is away, and to
keep everyone in the area mindful of the standard precautions for property and
self that should always be taken. Criminals avoid neighborhoods where such
groups exist. Through cooperation with local law enforcement agencies, some of the things
you will learn - and all free - are:
It's easy to get your group started. All you have to do is contact your
neighbors and arrange a date, place and time for the first meeting. Hold the
meetings at your home or that of a neighbor. Try to plan a time that is
convenient to most of your neighbors - preferably in the evening.
Then call your local police department. They will be happy to give your group
informal lectures, free literature - and in many instances, window stickers and
ID cards. Remember, police officers can't be everywhere. Your cooperation with
them is for the benefit of you, your family, your neighbors and your
neighborhood.
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11 Things You Must Know When Finding a HomeOnce you've decided to buy a home, there's a number of issues that need to be considered. Because buying a home will be one of the biggest purchases you make in your life, learning the "11 Things You Must Know When Finding a Home" can make the process easier. In this report, we outline 11 Questions and Answers to help you make informed choices when purchasing a home.
1. What Should I Look For When Deciding On A Community?Select a community that will allow you to best live your daily life. Many people choose communities based on schools. Do you want access to shopping and public transportation? Is access to local facilities like libraries and museums important to you? Or do you prefer the peace and quiet of a rural community? When you find places that you like, talk to people that live there. They know the most about the area and will be your future neighbors. More than anything, you want a neighborhood where you feel comfortable in.
2. How Can I Find Out About Local Schools?You can get information about school systems by contacting the city or local school board or the local schools. Your real estate agent may also be knowledgeable about schools in the area.
3. How Can I Find Out About Community Resources?Contact the local chamber of commerce for promotional literature or talk to your real estate agent about welcome kits, maps, and other information. You may also want to visit the local library. It can be an excellent source for information on local events and resources, and the librarians will probably be able to answer many of the questions you have.
4. How Can I Find Out How Much Homes Are Selling For In Certain Communities and Neighborhoods?Your real estate agent can give you a ballpark figure by showing you comparable listings. If you are working with a REALTOR®, they may have access to comparable sales maintained on a database.
5. How Can I Find Information On The Property Tax Liability?The total amount of the previous year's property taxes is usually included in the listing information. If it's not, ask the seller for a tax receipt or contact the local assessor's office. Tax rates can change from year to year, so these figures maybe approximate.
6. What Other Tax Issues Should I Take Into Consideration?Keep in mind that your mortgage interest and real estate taxes will be deductible (USA residents). A qualified real estate professional can give you more details on other tax benefits and liabilities.
7. Is An Older Home A Better Value Than A New One?There isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. People who buy older homes, however, shouldn't mind maintaining their home and making some repairs. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy-efficient. People who buy new homes often don't want to worry initially about upkeep and repairs.
8. What Should I Look For When Walking Through A Home?In addition to comparing the home to your minimum requirement and wish lists, consider the following:
Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint.
9. What Questions Should I Ask When Looking At Homes?Many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance (e.g., paint, roof, HVAC, appliances, carpet)? Also ask about the house and neighborhood, focusing on quality of life issues. Be sure the seller's or real estate agent's answers are clear and complete. Ask questions until you understand all of the information they've given. Making a list of questions ahead of time will help you organize your thoughts and arrange all of the information you receive.
10. How Can I Keep Track Of All The Homes I See?If possible, take photographs of each house: the outside, the major rooms, the yard, and extra features that you like or ones you see as potential problems. And don't hesitate to return for a second look. You may also wish to find out if the home is available online. Photos of the property may already be up on a website for you to review.
11. How Many Homes Should I Consider Before Choosing One?There isn't a set number of houses you should see before you decide. Visit as many as it takes to find the one you want. On average, homebuyers see 15 houses before choosing one. Just be sure to communicate often with your real estate agent about everything you're looking for. It will help avoid wasting your time.
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Tips on Selecting a Contractor For Home ImprovementHome repairs can cost thousands of dollars and are the subject of frequent complaints. Here is a list of things to consider when selecting a contractor:
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Home improvement projects not only enhance the aesthetic appeal of a property but also significantly increase its value. Whether you're planning to sell your home in the near future or simply want to create a more enjoyable living environment, knowing where to focus your efforts can make a substantial difference. Here are some effective home improvement tips that can maximize both your comfort and your investment.
For the complete story, click here...Budgeting Beyond the Purchase Price: 10 Hidden Costs of Homebuying
Buying a home is a major milestone that often involves many costs beyond the purchase price. Whether you're a first-time buyer or looking to upgrade, it's essential to anticipate these additional expenses to avoid any financial surprises at closing. Here's a checklist of 10 extra costs that homebuyers should consider for proper budgeting.
More...A home inspection is a critical step in the home selling process. It can significantly impact the sale, as potential buyers rely on the inspection report to make informed decisions. A positive inspection outcome can enhance buyer confidence, while a negative report can lead to renegotiations or even derail a sale altogether. Understanding how to prepare for a home inspection can help sellers navigate this essential phase successfully.
More...Home Improvement Tips: Enhancing Your Space for Value and Comfort
Home improvement projects not only enhance the aesthetic appeal of a property but also significantly increase its value. Whether you're planning to sell your home in the near future or simply want to create a more enjoyable living environment, knowing where to focus your efforts can make a substantial difference. Here are some effective home improvement tips that can maximize both your comfort and your investment.
1. Focus on Curb Appeal
First impressions matter, and the exterior of your home sets the tone for how it's perceived. Simple upgrades like fresh paint, a well-maintained lawn, and attractive landscaping can dramatically enhance curb appeal. Consider planting colorful flowers, adding outdoor lighting, or installing a new front door to create an inviting entryway. A well-kept exterior not only attracts potential buyers but also makes your home feel more welcoming for family and friends.
2. Upgrade the Kitchen
The kitchen is often considered the heart of the home, making it a crucial area to invest in when it comes to improvements. Minor updates, such as replacing cabinet hardware, installing a stylish backsplash, or upgrading appliances, can give your kitchen a modern touch without breaking the bank. For a more significant investment, consider refacing or replacing cabinets and countertops. An updated kitchen not only enhances your cooking experience but also significantly increases your home's market value.
3. Improve Energy Efficiency
Homebuyers today are increasingly conscious of energy efficiency. Simple improvements like sealing windows and doors, adding insulation, and upgrading to energy-efficient appliances can lead to lower utility bills and a more comfortable living space. Additionally, consider installing a programmable thermostat or energy-efficient lighting. Not only do these upgrades reduce your carbon footprint, but they also add long-term value to your home.
4. Refresh the Bathrooms
Like kitchens, bathrooms are essential spaces that can greatly influence a buyer's perception of your home. Consider making small updates, such as replacing old fixtures, adding a new mirror, or applying a fresh coat of paint. If your budget allows, you might even consider a full renovation that includes modern tiles, a new vanity, or updated lighting. A clean, modern bathroom can significantly enhance the overall appeal of your home.
5. Create Functional Spaces
In today's market, versatile spaces are highly sought after. Consider converting an unused area into a functional space, such as a home office, gym, or playroom. Even small adjustments, like adding built-in shelves or installing a Murphy bed in a guest room, can maximize utility without requiring extensive renovations. Creating functional spaces not only caters to buyers' needs but also enhances your day-to-day living experience.
6. Focus on Quality Over Quantity
When planning home improvement projects, prioritize quality over quantity. Instead of tackling numerous minor projects, invest your time and resources into a few significant upgrades that will provide a high return on investment. Quality materials and professional craftsmanship can make a lasting impression and improve the durability of your improvements, ensuring they stand the test of time.
7. Don't Forget the Outdoors
Outdoor spaces are increasingly important, especially in the post-pandemic era where people value having private, usable outdoor areas. Consider enhancing your yard with a deck, patio, or outdoor kitchen. Even simple additions like a fire pit or seating area can transform your outdoor space into an inviting retreat. These improvements not only add to your home's appeal but also provide a space for relaxation and entertainment.
In conclusion, home improvement projects are an excellent way to enhance both the value and comfort of your living space. By focusing on curb appeal, upgrading key areas like the kitchen and bathroom, improving energy efficiency, creating functional spaces, and prioritizing quality, you can ensure that your home remains a welcoming and valuable asset. Whether you're preparing for a future sale or simply looking to enjoy your home more, these tips can guide you in making impactful improvements.
Budgeting Beyond the Purchase Price: 10 Hidden Costs of Homebuying
Buying a home is a major milestone that often involves many costs beyond the purchase price. Whether you're a first-time buyer or looking to upgrade, it's essential to anticipate these additional expenses to avoid any financial surprises at closing. Here's a checklist of 10 extra costs that homebuyers should consider for proper budgeting.
1. Appraisal Fee
Most lenders require a property appraisal to confirm its value before approving your mortgage. This fee usually ranges from $300 to $600 and is a necessary upfront cost that you will need to cover.
2. Property Taxes
Property taxes may be included in your monthly mortgage payments, depending on your down payment. If they are not included, you'll need to budget for these payments separately and may be required to provide proof of payment annually.
3. Survey Fee
If you're purchasing a resale home, your lender may ask for an updated property survey to verify boundaries. This cost can vary, typically ranging from $700 to $1,000, and is essential for avoiding future disputes over property lines.
4. Property Insurance
Home insurance protects your investment by covering the structure and contents of your home. Lenders will require proof of insurance before closing, making this an important cost to include in your budget.
5. Legal Fees
Even the simplest home purchases should involve a lawyer to review contracts and paperwork. Legal fees can vary based on complexity and the attorney's experience, so it's advisable to shop around for the best rates.
6. Mortgage Loan Insurance Fee
If your down payment is less than 20%, you may need to pay for mortgage loan insurance. This fee typically ranges from 0.5% to 3.5% of the total mortgage amount in the US or 2.8% and 4% in Canada. The insurance premium can either be paid upfront or rolled into your monthly mortgage payments.
7. Moving Costs
Hiring professional movers can add significant costs to your budget, with fees typically ranging from $100 to $200 per hour for a crew of three movers. This expense can be especially high during peak moving seasons, so planning ahead can save you money.
8. Maintenance Fees
For condominium purchases, expect to pay monthly maintenance fees for shared amenities and common areas, such as landscaping and cleaning. These fees vary based on the building and should be factored into your monthly budget.
9. Local Improvements
Recent local improvements, such as new sidewalks or sewer systems, may increase your property taxes. It's important to check for any upcoming local assessments that could impact your financial obligations.
10. Land Transfer Tax
This tax applies when property changes hands and varies by province or state. Be sure to research the specific rate in your area, as this can add a considerable cost to your home purchase. In the U.S., Land Transfer Tax (often called Transfer Tax or Real Estate Transfer Tax) is levied at both state and sometimes local levels when property ownership is transferred. Rates vary significantly depending on the state and even the locality within the state. The Land Transfer Tax (LTT) structure in most Canadian provinces can be described as a tiered system. This means the tax rate increases incrementally as the property value crosses specific thresholds, with each portion of the property's value being taxed at a different rate based on the tier it falls within. This can range between 0.5% and 3% of purchase price.
In conclusion, being aware of these extra costs is crucial for effective budgeting when buying a home. By planning for these expenses in advance, you can avoid unexpected financial burdens and ensure a smoother transition into your new property. Thorough preparation is key to making your home-buying experience as enjoyable and stress-free as possible.
Passing a Home Inspection: Tips for Sellers
A home inspection is a critical step in the home selling process. It can significantly impact the sale, as potential buyers rely on the inspection report to make informed decisions. A positive inspection outcome can enhance buyer confidence, while a negative report can lead to renegotiations or even derail a sale altogether. Understanding how to prepare for a home inspection can help sellers navigate this essential phase successfully.
Understanding the Home Inspection Process
A home inspection is an assessment conducted by a licensed professional who evaluates the condition of a property. Inspectors typically check major systems such as plumbing, electrical, HVAC, and structural integrity, as well as general safety and maintenance issues. This thorough evaluation provides buyers with insight into potential repairs and the overall condition of the home. Sellers should anticipate that buyers will request inspections to protect their investment, making preparation key to a smooth transaction.
Addressing Common Issues Ahead of Time
One of the best strategies for passing a home inspection is to proactively address common issues that inspectors often flag. These may include leaky faucets, damaged roofing, or outdated electrical systems. Prior to listing the home, sellers should conduct their own inspection, either through a professional or by completing a checklist of common concerns. By fixing these issues in advance, sellers can prevent surprises during the official inspection and enhance the property's appeal.
Enhancing Curb Appeal
First impressions matter, and the exterior of a home sets the stage for the inspection. Sellers should ensure that the landscaping is tidy, gutters are clear, and any exterior damage is repaired. A well-maintained exterior not only looks appealing but also signals to inspectors that the property has been cared for. Consider power washing the exterior, repainting doors, and making minor repairs to create a welcoming atmosphere that reflects well during the inspection.
Preparing the Interior
Inside the home, sellers should declutter and clean thoroughly. A tidy space allows inspectors to move freely and inspect all areas without obstruction. Additionally, it's essential to ensure that all utilities are functioning correctly and that any appliances included in the sale are operational. This includes turning on the heating or cooling systems, testing smoke detectors, and ensuring that all light fixtures work. Being prepared in this manner demonstrates to the buyer that the home has been well maintained.
Understanding the Results
Once the inspection is complete, sellers will receive a report detailing the findings. It's essential to read this document carefully and understand any issues that have been raised. If significant concerns arise, sellers may want to consider addressing these repairs before listing the home or be prepared for negotiations with buyers. By demonstrating a willingness to work through issues, sellers can maintain buyer interest and increase the likelihood of a successful sale.
In summary, passing a home inspection requires proactive preparation, from addressing common issues to maintaining a clean and welcoming space. By understanding the inspection process and taking steps to enhance the home's appeal, sellers can foster buyer confidence and facilitate a smoother transaction. With the right approach, a home inspection can be a stepping stone toward a successful sale rather than a roadblock.
