Steven Palatt's Blog
If you own a home with an HVAC unit you may replace filters every once in a while but the maintenance needed for the long-term health of the system is a little more involved. If not identified early, small issues can compound over time and become quite costly to remedy. The most common issues that may arise with an HVAC unit are described below.
It is critical to make sure the HVAC unit is kept in good working order through regular service. Work with a professional technician and follow the recommended maintenance calendar. Performing regular maintenance will help to ensure issues are avoided or resolved in the early stages, helping you get as much life as possible out of the HVAC unit.
Filters that are Dirty and Clogged
One of the most common issues is HVAC filters that are dirty and clogged. Forcing an HVAC unit to work with dirty, clogged filters is a sure way to shorten its lifespan. One of the signs that the HVAC filters might be dirty is that electricity or gas bills are starting to rise. This is a sign that the HVAC unit is working too hard. If not addressed, the unit will be unable to keep up and will eventually shut down entirely. Prevent this by replacing the filters on time.
Problems with the Pilot or Ignition
Another common issue relates to the ignition of the HVAC system itself. There are a number of reasons why this might be happening. Sometimes, the pilot might be dirty. In other cases, burners or flame sensors might prevent the ignition process from proceeding. Other times, you may experience a delayed ignition of the burners or a furnace lockout. This might be due to routine wear and tear or an issue with the gas supply itself.
Problems with the Thermostat
Occasionally you may experience problems with the thermostat component. If your furnace is not calling for heat when you adjust the thermostat, the problem may be with the thermostat itself. First, review the programming if your HVAC system includes this feature. Adjusting or resetting the scheduling may resolve your issue. Alternately, if your thermostat runs on battery power, replacing the battery may resolve the issue.
75 Amity Pl, Amherst, MA 01002
So many great features that make up many clients’ dream homes can actually be a hindrance in selling a home down the road. While certain features in a home may be attractive to you, remember that all buyers are not looking for the same thing. Beware of the following perks and how they can affect your plans to sell a home in the future.
While having schools close in the neighborhood is a plus, not everyone sees it that way. A nearby school is fantastic if there are young children in the family, however, if a buyer doesn’t have young children, living near a school could be seen as a hinderance. Not only will there be an excess of foot traffic in the area, but there will be a lot of traffic, in general, each school day as buses and cars head to and from the school. The extra noise factor from the school may also turn off some buyers.
Being In The Heart Of The City Or Town
Some people love to be in the heart of the action. A bustling neighborhood with tons of shops and restaurants and constant activity can be the life that you or someone you know is looking for. If you buy a home on one of these main stretches, but, it could be a hard sell should you decide to move. These property locations are targeting a specific kind of buyer and it could be hard to find them. Unless you live in a strictly urban area, you may want to think twice about the property location. Not only could it be a hard sell later, but you as an owner may get sick of the constant action very quickly.
A Swimming Pool
If you live in a place where the weather is always warm and a pool is a requirement, then putting a pool in your home makes sense. In more variable temperature regions, a pool is not always the best idea. Pools require a lot of maintenance and can be a significant investment. Think of how much of the year a pool is actually usable in your area. The biggest issue with swimming pools is that while they are a luxury, they really don’t add value to the home. In some cases, a pool can end up detracting value and interest from a property.
A Big Yard
While a large backyard can be attractive, not every homeowner wants to care for such a large amount of space. These large yards can take a significant investment of both time and money to maintain. A large yard attracts a certain type of buyer. Not that you can restructure property lines, but know that bigger isn't always better when it comes to a home’s outdoor space.
Should you cosign on a mortgage loan to help someone else buy a house?
Hopeful home buyers who lack the necessary credit history, W-2 income or overall income versus their debt can face problems getting a mortgage lender to approve a loan. Borrowers with a 43% or higher debt-to-income ratio may learn their income doesn't suffice. Yet if a cosigner steps up, promising to pay the mortgage if needed, the loan might be approved.
If you are the one who steps in, it's highly likely that your name will actually be on the title. Most lenders want it that way, so the asset can be pledged as collateral by both of you.
Are You Prepared to Do More Than Simply Cosign the Loan? Should You?
So, if the mortgage company asks you to serve as a co-borrower, not just a cosigner, understand the lender's expectations. Does the lender expect you to become a co-owner? If so, your name will appear, along with the primary borrower's, on the deed — even if you never set foot in the house and don't expect to pay anything.
If the person you are helping ever gets in a bind and can't make a mortgage payment, you'll be second in line to pay. And your credit report will be dented if you don't.
Were you a mere cosigner, you'd be asked to pay the debt but never have a claim to the value of the home. In other words, mere cosigners get liability for the debt — without the asset.
What Does a Good Outcome Look Like?
Of course, you want the person you're helping to enjoy living in the home, to pay the monthly mortgage and, ultimately, to apply for a new loan that refinances the debt and turns the primary borrower into the sole borrower and the sole owner.
Even if you are 100% sure all will go as planned, it's a good idea to have a lawyer draw up a binding agreement that memorializes the primary borrower's intent to let you off the title, deed, mortgage and homeowner's insurance policy by a date certain after closing on the home. It will keep the primary borrower focused on making regular mortgage payments and developing strong credit, anticipating the refinancing application process.
When the primary buyer successfully refinances the home mortgage, it will be time for you to take your name off the title. You can sign a quitclaim deed to release yourself from ownership.
Then you can congratulate yourself for enabling someone to buy a home. And congratulate the new homeowner for keeping both of your credit ratings as strong as your relationship.
Your ultimate goal as a home seller is to make your residence as desirable as possible to potential buyers. If you transform your house into a must-buy, you could reap the benefits of a quick, profitable home selling experience.
To better understand how to enhance your residence before you list it, let's take a look at three tips to help you transform your home into a must-buy.
1. Upgrade Your House's Interior
Consider how buyers may perceive your residence as soon as they walk through your house's front door. Then, you can prioritize home interior upgrades.
By cleaning each room of your house, you can enhance your residence's interior. If you need help with home cleaning, you can always hire professionals to assist you, too.
Also, it may be beneficial to add a fresh coat of paint to the walls in your bedroom or other areas of your house. Because if you can make it easy for buyers to fall in love with your home's interior, you could speed up the property selling journey.
2. Perform Home Exterior Repairs
Curb appeal may play a key role in your home selling experience. If you residence boasts outstanding curb appeal, you may be able to differentiate your home from other available houses in your city or town.
To improve your residence's curb appeal, you may want to repair or replace any damaged home siding. In addition, mow the lawn and trim the hedges, and you can show off the true beauty of your house's lawn.
You may want to remove any lawn ornaments or decorations from outside your house as well. That way, buyers may be better equipped than ever before to envision what life may be like if they purchase your residence.
3. Eliminate Clutter
Clutter may fill up various rooms throughout your home. If you want to achieve the best-possible home selling results, now may be a great time to eliminate as much clutter as you can.
If you have items you no longer need, you can always sell these items or give them to friends, family members or local charities. On the other hand, if you have assorted personal belongings you want to keep outside your house, you can rent a storage unit.
As you get set to embark on the house selling journey, you may want to hire a real estate agent. With a real estate agent at your side, you can transform your residence into a must-buy in no time at all.
A real estate agent understands all aspects of the home selling journey. He or she will offer tips and recommendations to help you promote your residence to dozens of prospective buyers. Plus, a real estate agent is ready to respond to any of your home selling concerns and questions.
Allocate time and resources to upgrade your home, and you could generate lots of interest in your residence as soon as you list it.