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Home Warranty

Typically, basic warranties will cover the repair or replacement of kitchen appliances, washers and dryers, plumbing, HVAC, and electrical systems. A home warranty is not an insure policy, it is a service plan. It typically has a service deductible, which may be charged for each item repaired or replaced. The warranty also may require the homeowner to use the service contractors that are stipulated under the plan. Most warranties are for 12 months and only allow for approved service providers to be used for maintenance calls. Fees typically range from $50 to $100 per service call. Most service plans cost between $300 and $500. To understanding the true value of a home warranty, you should have realistic expectations about the repair or replacement service. A home warranty company will pay for the cost to repair or replace the system or appliance, if it has broken down from normal wear and tear. If the system or appliance failed because it wasn’t maintained, the service plan will likely not cover the repair. Buyers should read the warranty contract carefully to understand coverages, limitations, and exclusions.

Most contracts have limitations stating what items they will cover. Service contracts vary on what items are …

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Eco-Friendly Construction Trends

When building a bathroom, they make sure to put together a nice and energy-saving set up. Bathroom accessories are also chosen very wisely. Smart and low flow toilets are installed, which not only save water but also look very attractive. In fact, this would also provide great relief to the areas where scarcity of water is a serious issue during hotter months of the year. Builders are also taking good care of decreasing energy usage in other parts of the house. Installing solar panels on the roof is a good example of this.

Builders, today, have become much smarter when choosing the materials which go into the whole construction process. They are seeking building materials which are good for environment. Thus, they pick raw materials that can retain heat and reduce energy consumption. The best part is that all these materials release fewer harmful gases and detrimental waste in the environment. Structural insulated rim boards and insulated panels fit well here and this is the reason, why they are highly used in most of the homes, built recently.

The best constructors and builders combine all elements of latest style with environmental concerns, so as to come up with the best …

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Before Purchase New Home

Before you look at your first house, you should review your credit report and check it for inaccuracies. Once per year, you can get a free copy of your credit report at: annualcreditreport.com. Before you contact a bank or mortgage company, review the report and clean up any past issues and make sure there are no inaccuracies or mistakes. To qualify for a mortgage, you will need to meet the minimum credit qualification standards.

If you are a first-time buyer or have had credit issues in the past, it is a good idea to talk to your family and friends and ask them to refer a mortgage professional that they have had a good experience with when they applied for a mortgage. To apply for a mortgage, you will need at a minimum the following documentation: pay stubs, bank statements, tax returns, and other personal information. If possible, try and meet your loan officer face to face. This will give you peace of mind and reduce stress. If you are concerned your mortgage could be denied, be sure that you apply for a fully underwritten mortgage pre-approval. A pre-approval will take longer to complete than a pre-qualification, but it will …

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Tips for a Quick House Sale

Find the right agent:

When it comes to estate agents you’re likely to be presented with a huge variety of options. Should you pick a high street estate agent or an online service? Should you go for a big name, national company or are you better to go with a local independent agent? The main thing is to do your research. Which estate agents have sold properties nearby recently? How quickly did the properties sell? Did they achieve a good price? All of this information can be gathered online using websites such as Rightmove, Zoopla and land registry. Don’t just pick the cheapest service available, choose the agent that has the best knowledge of your area and who will be able to sell your property well.

Price it right:

Everyone likes to get excited about national headlines that refer to rising house prices, but it’s important to not get carried away by national stories and look at your local property market. Speak to a few different agents to get an idea of what your property might be worth, and also do your own online research – but make sure you look at ‘sold’ prices rather than ‘asking’ prices, as these …

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Impacts on the Development of Real Estate

To a certain extent these factors are being considered in most new development projects. The partial provision of energy through low carbon technologies is becoming the norm as part of the planning application process for major development. Standards controlling the way flood risk assessments are carried out take into account future precipitation patterns. These considerations are often driven by current requirements from planning authorities or other statutory bodies and focus on the greenhouse gas element of climate change management.

Appraising the effects of climate change on development projects will gain in importance and a strategic and pro-active approach to its integration in the management of these projects has many benefits. These include the improved management of risks, for instance by providing protection against litigation for failing to take into account known future risks, the protection of future asset values and strengthening a forward looking reputation of the organisation.

The near future will see significant changes in the way climate change is being addressed within development projects. The awareness of client organisations and local planning authorities about the effects climate change will have on the future usability of buildings is increasing rapidly. This will lead to a range of new requirements, …

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Garden Apartments

Such an apartment will have one or two bedrooms but you can find some that have three or more bedrooms, especially if they are used as a vacation apartment. The more bedrooms there are the more people they can accommodate when on vacation and renting the apartment. If it is an apartment that is rented out long term it is generally not furnished. If the apartment is rented out on a weekly or monthly basis for vacations, it will be furnished. Garden apartments may also have one or two stories. The common area can include outdoor amenities like a swimming pool, tennis or basketball courts, a spa or clubhouse. The entrance to the apartment could be off the courtyard or the street.

The owners of the garden apartments are responsible for the outdoor area being kept up with the lawn mowed, any outdoor equipment cleaned, clean swimming pool without leaves and other debris, etc. Many owners will plant the area with well cared for trees and floors. If it is an apartment complex and you have a pet you need to find out if there is a special area for the dogs. Make sure that you clean up after your …

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Townhouse or Condo

Townhouse

It is a type of row or terraced house that is similar in shape and size and will usually share common walls. They are considered a single-family residence with each having a separate entrance. When you buy a townhouse, you are buying a special unit from a long line of properties that are similar. In historic Ireland and UK, it was a house for aristocrats inside a capital city that they used when they had to attend parliament sessions or during social functions.

Condo

It is also referred to as a condominium and is a type of housing tenure that also means common ownership. These were a part of a certain estate that are sold or leased to a tenant. The owner of the whole estate did this. Today it is a term used as a substitute for special unit, or apartment that are leased or purchased.

Major differences

Ownership specifications-when you own a condo you will be the legal owner of everything that is inside the interior and if the condo owner wants to use the rest of the amenities, they must pay a monthly fee to the condo association. All members who own a condo form this …

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Make Your House Market Ready

It is important to start out by connecting with a reputable listing agent. This professional can take a quick tour of your home to identify any features that need to be addressed before listing it. He or she will create a comprehensive list of repairs that should be performed and may even suggest a few upgrades that will help you fetch a much higher price for your investment.

Taking care of repairs in advance of the sales process will make it easier for the home to pass inspection. Whenever buyers use outside financing to fund these purchases, lending institutions make it mandatory for licensed inspectors to tour the properties in question in order to check for problems. If a home does not pass this inspection, funding could fall through or you may be forced to accept a lower offer.

There are countless benefits that you can gain by taking your agent’s suggestions for property upgrades. This is a great way to ensure that your home is on par with other options in the local market. Efforts to modernize your house before selling it will definitely lead to a higher sales price and thus, these are investments that will definitely provide …

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New Home Buyers Beware

As you stroll up to the door of the model home in these communities you are often greeted by one of these cheerful agents who is happy to show you around the home(s) and tell you all about the features. Your first question of this Realtor should be, “Who do you represent, the buyer or the seller?” An easy answer for the agent is, “I can represent both you and the seller” – this is known as dual agency. In other words, the agent will simply fill out the paperwork for the transaction without advising either party as to what may be in his best interest.

As a buyer, you will fare much better in your transaction if you work with a Realtor who is representing ONLY you. This person is a Buyer’s Agent. Your Realtor will be negotiating for you, helping you to make important decisions with your best interest in mind, helping you to find the right home! Many people feel they are quite capable of making decisions without an agent; however, Buyer’s Agents solely represent the buyer and have a fiduciary duty to act in the buyer’s best interest throughout the transaction process. Licensed agents have specialized …

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How to Pre-Qualify for a Home

Talk to the Decision Makers

There is nothing more frustrating than repeating yourself twice and investing a lot of time in someone who is not ultimately going to make the decision. However, assuming or implying that there is another party you should be talking to can violate fair housing laws. Simply ask if there will be anyone else involved in making the final decision. If there will be others involved then try to schedule a time to meet when all parties can be present.

Ask Some Basic Questions

Although you can verbally ask questions, you will likely get more out of a paper or online questionnaire. If they fill it out online, you know what to expect ahead of time. If they are filling it out in your office or at a property then leave them alone. If you stand there, they will keep asking questions and never get it filled in or else their answers simply won’t be thorough. A few questions to ask include:

  • When did you begin looking for a home?
  • Do you currently own a home or are you renting?
  • Is your current home already listed with another agent?
  • What lender are you pre-qualified through?
  • When
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