Home warranties are an interesting thing, considering they can bring peace of mind but also affordable fixes for a home with older appliances. A seller may offer one in closing to sweeten the pot, which makes it a reasonable consideration for potential buyers. Even though a home warranty may sound like good financial protection, it is good to know more about them and whether this investment is worth making.
How a Home Warranty Works
A home warranty is a contract between a homeowner and a home warranty company. Costly repairs on appliances in a new home purchase can be difficult to swallow, especially after spending so much to move into the home. Home warranties typically cover repairs of a furnace, air conditioning unit, plumbing, and electrical systems. Major appliances like washers, dryers, and refrigerators are often also included. Most plans offer the basic coverage, but some additional components can provide a better umbrella for any repairs that are needed which exceed the basics.
Know the Costs
Even though a home warranty is only a few hundred dollars upfront for a year, the cost depends on what property is purchased. If the family owns a condo or townhouse, the warranty may cover more or less than a single-family home and costs will shift accordingly. The home's square footage does not impact the price unless the property is more than 5,000 square feet. Garages should be covered by the basic policy, also. Some other considerations:
Peace of Mind
A home warranty truly provides peace of mind to homeowners looking to pay the premium 'in the event something happens.' Much like any other insurance, those premiums get paid out in case something were to go wrong or something major breaks. For sellers of the home, a one-year home warranty with purchase can provide protection against buyer complaints later if defects arise. This does not exempt a seller from the legal requirement to disclose problems with the home upfront.
One gray area homeowners may not be aware of once they move is the 'proper maintenance' clause. This clause is the source of many disagreements between home warranty companies and warranty holders. Companies may use this clause to exclude or deny claims. The homeowner and contract who make the house call may disagree on what constitutes proper maintenance. If the furnace was not maintained by previous owners, for example, they may limit how much they payout or the company can deny payment of the claim. Another area that is not always discussed is the fact the premium may get paid yearly but that money could be put into a fund for emergency repairs that won't cost a premium upfront. Just because a premium is paid, and a contractor paid to visit the home, does not mean repairs will be made and the homeowner is out a few hundred dollars or more.
Although a home warranty is not a guarantee, it is protection against potentially expensive repairs. Prior to purchase, discuss it with the realtor. Find out the options and check around. Be sure to know your options before you buy one and make sure it is the right choice for you and your family.
Choice Properties works with families to ensure they make the best decisions possible when buying a home. We help you navigate the process of buying a home from the start of your search until closing. Our experts work hard to ensure you are satisfied with the process of looking for your family's next home. Call us if you are ready to find that perfect property to suit your needs.
Millennials are a unique group of people with a wide array of interests, experiences, and desires for travel and adventure. They also struggle under the weight of debt for school while seeking to be employed in a shifting economy. Living 'paycheck to paycheck' is the norm for many millennials, but now they are seeking new opportunities in real estate. While homeownership seemed out of reach for many people due to rising costs, nearly half of millennial first-time homebuyers feel ready to purchase their first home.
Millennials are not new to challenges. Unfairly labeled as 'having it easier,' than previous generations, they work hard to create new work environments and spaces, redefining what people think of as 'work.' Delayed marriage can often delay the onset of that first home purchase. More often, millennials are working while raising a family to keep costs low. Older millennials graduated during the last great recession and found themselves struggling with an economy not hiring, school debt, and a housing crisis all in one. This made them more resilient and less fearful in the current economy to strike while the iron is hot.
Giving up creature comforts like going out to eat with friends and buying the latest gadget is easy for some millennials focused on buying a home. Young homeowners are getting savvy about what they buy, where, and how they invest in property for the future. As millennials make their new homes, renovate, and buy furniture, they create space for themselves and the family they can enjoy. They are looking to move out of bigger, more expensive cities in suburbs or smaller towns with a more community feel. Some of the perks they enjoy:
Building equity for the future is important. It is also important to have a stable home environment in which to raise a family. The concerns and worries over rentals can drive people to homeownership quickly, investing more money up front to make an investment down the road. Millennials are joining the homeownership club now more than ever and reaping the great benefits of having their own property to call home sweet home.
Millennials are not the only people purchasing homes. Everyone is looking to own property at low-interest rates and in affordable markets. Choice Properties helps you decide where and when to invest in property for your future. If you are a millennial, or someone looking to buy a future home, call us. Let us help you make the best investment possible for your family.
When a home is near water, people usually look for certain features. They may like the serenity and peace or maybe they are looking for a vacation getaway property. Waterfront property is usually expensive due to high demand, but it may also cost more for flood insurance and upkeep, depending on the property. With a waterfront home, there is also a view people love. It is a good feeling to come home and show off the property to others and host gatherings. Find out more about why people flock to waterfront homes and how to buy the right home for your family.
There are a certain lifestyle people like by the water. People love to have access to water sports, jet skiing, and wake-boarding. Maybe they need equipment to do certain things. In some cases, a boat may cost half as much as the house or more, depending on the model. It is a good idea to look into rentals as well as purchase deals. There may be some ways to lower the costs of waterfront property to afford a lifestyle. For instance, if walking into town is not necessarily high on the list, maybe getting one further away is acceptable to have a better view of the water. Keep in mind lifestyle when looking at properties to find just the right one.
The value people get from their homes is not just in how much they love spending time there. Oftentimes, there is monetary value in buying waterfront property. Resale values are higher for homes by the water because they tend to hold value while other homes decline. People who should want to move may be able to rent the property out or do other things with the property if they are not there year-round. This adds value but also brings in extra income for upkeep.
A community of people who live by water usually love being on and around the water itself. This might mean boating, skiing, and recreating. This makes for a great environment for children because they get to participate in water activities with friends and family. Parents may want their kids to grow up near water, including lakes and rivers. Waterfront homes tend to have low crime and be close to good schools. This depends on the home and where it is located.
Getting the most use out of a waterfront home is key for so many reasons. A good broker can help people navigate what they are looking for in a waterfront home and help them make the best decision possible for their family.
Families who go with Choice Properties are going with the best choice out there. The goal of buying property is often to find the dream home people have always wanted. With Choice Properties, we specialize in the Ohio market to find the right property for you. Call us if you are ready to move forward with your home search.
Getting ready to move is a big endeavor. When people have small kids, it is especially daunting. With really little kids, like babies, they come with extra baggage and things they need to keep them entertained. Getting settled can feel like a bigger chore than anyone ever realized. Try some helpful tips when thinking about whether or not to move with small children and how to make it more successful.
This may seem like a no-brainer, but packing with kids is pretty difficult (if not impossible). There may be no way around it, but packing and unpacking is easier when they are asleep. Toys are especially hard to wrestle away from them. Leave a box of toys out until the end and leave a few things to play with at the new house.
Family, friends, and loved ones are especially helpful for taking care of kids. They need to be entertained, but sometimes adults have to do the cleaning and getting the house ready for the buyer. If friends or family want to serve them, it is best to ask in advance. Plan ahead and bring in recruits to keep things fun and easier to manage. They might even consider taking them away from the house to get things done quicker.
Don't wait until the last minute (unless there is no choice). Start months earlier than seems necessary. It may take twice as long to get things done with kids. Get small stuff done, like decluttering, donating unwanted items, and putting things into storage bins now. Hands are full of kids, but even more full when it comes to dealing with packing up a house. Get a head start to keep things moving more smoothly.
Social media sites are huge right now for selling unwanted items. It is like a big garage sale. Craigslist and mom's groups on Facebook are a great place to get some help. Just leave it on the doorstep (for most things) and people can come to pick up what they want and leave the money. It is surprising what people may buy (old toys, unused clothing, furniture or accessories) and give some pocket money to buy new things for the next home.
Take the time to say good-bye properly to the old house. Walk around the neighborhood, meet people, and say good-bye to each room, one by one. Honor the memories made in those rooms and acknowledge the new days ahead. It will be challenging for a while, but then things settle and it begins to feel like home again.
Families who are looking for properties to purchase need look no further than Ohio. We provide a service for you that is stellar and professional. Our goal is to help you find the right next home for your family. With our resources, we are able to support your journey of finding the next home while navigating the sale of an existing home or becoming a first-time buyer. Let Choice Properties be the place you go to get help with your home search.
When working with a smaller sized house, it's smart to be conscious of your space and make use of every square inch. It is possible to be clever and have both a desk and bed co-exist comfortably in an office that is shared as a guest room. If you find yourself not wanting to fully devote your spare bedroom into a single use space, learn how to make this room as functional as possible.
A modern sleeper sofa is perfect to incorporate into an office space, giving a cozy couch appearance by day and functional bed by night. When it's not in use as a bed, the couch makes for a great spot to catch up on reading or taking a break from office work.
If you find yourself with limited space for a sleeper sofa, try a daybed for a less bulky option. A daybed is ideal for creating a casual spot for relaxation due to their low profile design, while still providing guests a space to sleep.
Perhaps you find yourself not using the office space as frequently as anticipated. If this is the case, consider using the space mostly as a spare bedroom with a smaller work area. A twin or full sized bed is perfect sizing for a guest room that has limited space.
Choice Properties offers you a chance to find the home of your dreams. We work with your budget and ideas in mind to support your ultimate vision. Call us if you are ready to check out the available inventory or to speak with a reputable agent who can assist you with your home buying needs.
Fall is beautiful season for many reasons, from orange and yellow hues on the trees, to pumpkin carving with kids and savory comfort soups on the stove. There are many reasons to fall in love with fall, but did you know it is also the perfect season to buy a new home? Similar to how you score deals at your favorite clothing store during the season change, real estate works the same way! Fall is one of our favorite seasons here at Choice Properties because of those who are taking advantage of the peak season. Our expert agents have listed the top 4 reasons you should buy a new home this fall!
Those who are looking to sell their home tend to do so at the first sign of spring, assuming the fresh greenery and flowers blooming will appeal buyers. Although there is never a bad time to sell, these homes often get listed too high resulting them sit on the market throughout the summer. If the house is still on the market come fall, the price usually gets reduced making it a prime time. This is the perfect time to browse properties you have had your eye on to see if they are still available and if the price is down.
Most families with children start their home-hunt at the beginning of summer, allowing them to move right before the new school year. This also means these buyers are no longer shopping for a house, creating a decrease in the competition. Take advantage of open houses being less crowded, leaving conversations with a good first impression expressing interest.
With winter and the end of the year approaching, sellers are more motivated to get their homes sold in order to close before the end of the year. When selling before December 31st, they are ensured a tax benefit. Most sellers are also looking to close before holiday's, eliminating the stress and thought to enjoy time with family. If you come across a seller who seems eager to get the process moving, take advantage!
With the trees losing leaves and summer flowers dying, landscaping may seem unappealing to multiple buyers making them uninterested in the space. Keep an open mind and use this as a motivator to think creative.
There is a great deal of benefit from those who decide to buy a new home during the fall months. If you decide to hold-off on shopping around until fall, you will be grateful to see an open market with reduced pricing and less competition.
Choice Properties understands your needs and desires when it comes to the home search. We are here to help you define what you want, seek the best property and move forward feeling educated and able to make good decisions throughout the process. You can trust us to help you navigate it with the best real estate agents working for you. Call us to get started on your dream home search today.
Kids will go through different phases as children progress from toddler to child, tween to teen. A bedroom becomes more than a place to sleep and play, it morphs into a space where homework is done, music is listened to (or created) and many other things happen with family and friends. It can be fun to create a space that serves all the necessary functions but is comfortable and inviting. Learn a few tips to minimize work on redecorating a kid's bedroom yet create a space any kid will love.
The ultimate experts on what kids like are the kids themselves. Get kids involved in the design process and let them pick out certain elements such as colors and themes to make it fun. Some other tips include:
Including personal hobbies and interests
Focus on decorating based on child's tastes
Make sure the room fits both the child's needs and parent's desires
Basic color palettes that work well in any room can include black and white, pastels, neutral backdrops with accent colors and small doses of bright colors
Babies and toddlers do best with softer, more muted colors. Little ones enjoy soothing shades to fall asleep quickly and enjoy a peaceful slumber. Darker furniture can be a nice added element like chocolate-colored cribs or recliners. Colors help kids create and explore. Try some soft shades or deep blue and green depending on the youngster.
Muted color palettes go over really well with older kids that incorporate a favorite color. Most color combinations include gray, lavender and deep purple for a more stylish approach, navy and white for preppy and muted colors for trying different looks with accent pieces in the room or on the walls.
It is easy to overlook durability and safety where younger kids are involved. The more durable and easy furniture and surfaces are to clean, the better. This includes durable paints where color-safe markers and crayons wash off easily. A safe environment begins by reviewing literature, safety recommendations on products and getting up to date on product recalls before making a huge purchase.
Overall, the look of a room will depend on the parents, kids and budget. A room does not need a lot of time and money put into it in order for it to look good. Try to find a compromise that works for everyone and, most of all, have fun with it.
Choice Properties works hard to focus on your specific needs in the real estate market and help you find the property of your dreams. Whether you're a seasoned buyer or coming into the market for the first time, we are here to help you. Call us to get started.