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Maintenance Skills Every Homeowner Should Know

by Tom Stachler,ABR,CDPE - Group One Realty Team

5 Maintenance Skills Every Homeowner Should Know

Macro photo of a faucet head leaking.Maintaining a Home, especially an older one, can be expensive—in fact, experts say homeowners should be prepared to spend roughly 1 percent of their home’s value every year on maintenance.

The good news is, you can save on maintenance by completing simple tasks yourself. According to the experts at Underwriters, Inc. these include:

Cleaning the Gutters – To prevent costly damage to your home’s foundation, landscaping and siding, remove debris and leaves from the gutters at least twice a year. Don’t forget gloves and eye protection!

Open Garage Doors Manually – Don’t call a garage technician the next time your power’s out—simply locate the (usually red) cord, suspended from the ceiling-mounted operator, in your garage, and pull it to disconnect the cord from the motor.

Removing Stripped Screws – Avoid causing more damage when screws slip from a screwdriver. Place a rubber band or piece of steel wool over the screw and then try to remove it—if that method fails, use a screw extractor.

Repairing a Leaky Faucet – Leaks can cost hundreds in wasted water. Before you call a plumber, try DIY-ing by shutting off the main water supply, removing the faucet’s knobs, and checking the washers, stems and O-rings for signs of damage. Take these pieces to the hardware store to find exact replacements.

Stop a Running Toilet – Another plumber job you can do yourself! Remove the lid to the tank behind the toilet, and check the flush lever, rubber flapper, lift chain, float ball, pump and overflow tube. A running toilet usually requires just a simple adjustment or replacement to fix.

If you can master these essential homeowner skills, you’ll not only save money on maintenance, but also the expense of more costly fixes in the future.

 

Tom Stachler is a licensed Broker and Builder in Ann Arbor Michigan.  Contact us or click on the helpful website Links herein should you need direct access to the Board of Realtors home inventory data base (see above) for homes or condos in the neighboring communities as well including Saline, Dexter, Ypsilanti, Chelsea, Milan and Milan Michigan.  

Mortgage Interest Rate Prediction

by Tom Stachler,ABR,CDPE - Group One Realty Team

The Federal Reserve kept the benchmark rate unchanged on Wednesday, in a divided vote that alludes to the possibility of a hike before the end of the year.

“The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives,” the Federal Open Market Committee (FOMC) released in statement. “The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.”

“Our decision does not reflect a lack of confidence in the economy,” Fed Chair Janet Yellen said in a press conference, later adding, “We’re generally pleased with how the U.S. economy is doing.”

Chances of a hike improved after Yellen made note of the economy’s supportive environment during a speech in August, but softening indicators proved otherwise: the U.S. Bureau of Labor Statistics reported modest employment data this month, and housing starts came in less than anticipated in August, among other factors. Still, household wealth grew over $1 trillion in the second quarter of this year (with owner equity at its highest in a decade), and household spending has picked up significantly.Today’s action was largely expected by analysts as policymakers stood fast this summer, despite initially forecasting four hikes this year. The federal funds rate informs the trajectory of mortgage rates, which remain at historic lows.

TransUnion researchers recently found some nine million credit-active consumers would experience “payment shock” if the federal funds rate rose 0.25 percent—the majority of all credit-active consumers, however, would see monthly payments increase a paltry $6.45.

The Fed last raised the key rate in December
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825 S. Grove Rd., Ypsilanti, Michigan

by Tom Stachler,ABR,CDPE - Group One Realty Team

825 S. Grove Rd., Ypsilanti, Michigan

Brick Ranch on Ford Lake and North Bay Park

 

PROPERTY DETAILS

ACTIVE

 

 

PROPERTY DESCRIPTION

Great View of Ford Lake From Your Picture Window!

Move-In Condition Brick Ranch A perfect Home for a first time buyer or someone for home down size or eliminate stairs.   Across the street is the park entrance with paths leading to bridges over numerous scenic islands that are nestled in Ford lake or play 18 holes of golf at the Eagle Crest Marriott across the lake!

Great fenced back yard with hardwood shade tree and a huge deck that provides plenty of entertaining and play space.  Features include resurfaced hardwood floors, finished basement with large recreation room, a high efficient furnace with Central air, updated windows, and a spacious 2.5 car garage.  Large family room with bay window. All kitchen appliances plus the washer and dryer can stay including the pool table!

Watch the HD video walk through below and remember to hit the 4 arrows bottom right corner for larger Screen

  • 5 Minute Drive to Downtown or Depot Town
  • Great view of Ford Lake
  • Bike and walk Paths across Street - North Bay Park
  • Spacious Fenced backyard
  • Finished Basement
  • Newer High Efficient Furnace
  • Central Air Conditioning
  • Updated Electric Panel
  • Updated windows
  • Easy Access to I-94
  • Generous Sized Deck with Hardwood Shade Tree
  • Refreshed Hardwood Floors
  • Ypsilanti Schools

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139,900

LISTING INFORMATION

  • BEDROOMS: 3
  • BATHS: 1
  • PARTIAL BATHS: 0
  • SQ FT: 1053
  • LOT SIZE: 70x128
  • STYLE: Ranch
  • GARAGE: 2.5 Car At
  • HEAT SOURCE: Gas Forced Air
  • SCHOOLS: Ypsilanti
  • TAXES: $2,799

9404 Thornbird Way, Saline, Michigan Home for Sale

by Tom Stachler,ABR,CDPE - Group One Realty Team

9404 Thornbird Way, Saline, Michigan

Coming Soon - Beautiful Saline Area Home in Sandpiper Cove

 

PROPERTY DETAILS

ACTIVE

PROPERTY DESCRIPTION

Low York Township Taxes and Just 5 minutes from US-23 & I-94 Freeway Split

Wonderful home with mature landscaping and fenced back yard with storage shed.  This home in Sandpiper Cove is tastefully adorned with two fireplaces, a study, finished basement with full bath.  Its perched up on a hill with great visibility and mature landscaping that provides plenty of privacy while you soak in your year round hot tub.  

  • Finished Basement with Full Bath
  • Third floor two room guest suite with full bath
  • Two Fireplaces
  • Study
  • Maple Hardwood Floors
  • 3 Car Attached Garage
  • 4 Bedroom and 4.5 Baths
  • In Ground Sprinkler System
  • Small Outbuilding
  • Fenced Rear Yard
  • Beautifully Landscaped and surrounded by mature trees 

Go to this link for more information.  ​This listing is coming soon, so contact Tom Stachler to get on the first to show notification list to view before anyone else.  More photos and HD video coming soon, so stop back.  

 

$549,000

LISTING INFORMATION

  • BEDROOMS: 4
  • BATHS: 4
  • PARTIAL BATHS: 1
  • SQ FT: 3350
  • LOT SIZE: 1.3 acre
  • STYLE: 3Story
  • GARAGE: 3C Plus
  • HEAT SOURCE: Gas FA
  • SCHOOLS: Saline
  • TAXES: $5,900

How Can Fall Home Sellers Get Their Home in Tip-Top Shape?

by Tom Stachler,ABR,CDPE - Group One Realty Team

In this interview, Pillar To Post Home Inspectors President Dan Steward shares ways your clients who are looking to sell this fall can get their home ready for prime time.

Q: For clients looking to sell this fall, what can they do to get their home in tip-top shape?

Tom Stachler: While spring is usually designated as the best time to put a home on the market, fall is also a lovely season to show a home.

Some of the most important fall clean-up tasks that should be completed include:

Clean Up the Exterior
It’s well-known that outdoor space is one of the top five most important factors for buyers, however, forgetting to clean up the yard is the No. 1 place sellers often drop the ball when preparing their home for sale. If you’re lucky enough to have magnificent trees on your property, spend a few dollars and get them trimmed so that they look their best.

-Raking leaves
-Removing loose sticks
-Weeding flower beds
-Trimming flowers, bushes and shrubs
-Aerating the lawn
-Cleaning gutters
-Painting the exterior of the house, even if you can only afford to do the trim
-De-cluttering, both inside and out

-Brewing a fresh pot of pumpkin coffee Cozy-up the Interior
Since you’re selling a home in the fall, it’s a great time to use scents to make the space more inviting. Some ways to introduce a fall scent include:

-Boiling cinnamon sticks, baked plate of cookies/smells or Burning fall scented Candles
-Fire in Fireplace

Another important tip to help prepare for showings during the fall season is to make sure you turn on all the lights. Since the number of daylight hours in the fall decreases, it’s more likely your home will be shown when it’s dark. Having all the lights on for showings will make the home appear larger and more cheerful.

 

Tom Stachler is a michigan licensed broker and Builder helping buy and sell homes in the Ann Arbor, Saline, Dexter, Chelsea and Ypsilanti realty markets.  Call or use the handy navigation tabs and Links on this website for home owner information or find listings to purchase or sell.  Go to RealtyQuest.info to look up the price or your home or to MyHomeTour.com to access the AA Area Board of Real Estate.  

Realty Market Market Conditions Improve Chances of Rate Hike

by Tom Stachler,ABR,CDPE - Group One Realty Team

In a recent speech at Jackson Hole, Federal Reserve Chairwoman Janet Yellen supported the anticipation of two possible rate hikes this year, noting that the case for a rate hike has strengthened.

“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal-funds rate has strengthened in recent months,” Yellen said.

Job gains have averaged 190,000 over the past three months, and in addition to the rising labor market, experts believe that the “strengthening” Yellen points to could be based on the bolstered dollar and the recovery of economic confidence post-Brexit, which stalled rate predictions back in June.

Yellen commented heavily on the need to refresh the Fed’s toolkit in order to hold off the next recession. Friday’s release of the August jobs report will likely offer insight into when the next rate hike may occur

 

Tom Stachler is a licensed Broker and Builder based in the tri county area surrounding Ann Arbor Michigan.  Also specializing in the Saline, Dexter, Chelsea and Ypsilanti Markets.  Call Tom for assistance on houses, homes and condos to purchase, list or Lease.  Check out the helpful Links page and navigation tabs above.  


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Pros and Cons: Buying a Property for your College Student

by Tom Stachler,ABR,CDPE - Group One Realty Team

There’s no way around it, supporting a college student can be very expensive. Food, books, and most importantly, housing — all add a hefty expense on top of tuition. That’s why the idea of purchasing a property for a college student can be a good investment strategy for families and an alternative to paying Rent for four years. If you have clients with children going off to college, use this list to help them weigh the financial pros and cons of buying their college student an off-campus Home.  Ask Tom about how to also create a homestead exemption to save you approx. 33% on property taxes as well.  

Pros:

  • Offers possible tax benefits, appreciation in value, rental income, etc. Educate your clients on the area and demographics of the town in which they’re considering a purchase, as well as the current property values and typical rent prices.
  • Provides a stable living situation for their child and helps avoid rising rent prices and security deposits.
  • Eliminates any need to pay storage costs for furniture during summer breaks. In addition, they can rent the property out during the summer to make money.
  • Benefits multiply if you have roomates or other children who may attend the same college. 

Cons:

  • Give this checklist to your client to help them determine if buying a property for their college student is a good investment.Creates homeowner costs such as a mortgage, insurance, and repairs. Have your clients determine a budget and create a list of estimated costs.
  • Unlikely to turn a profit or even recoup the costs of buying and selling the property after their student graduates (e.g., 3-5 years).
  • Must be prepared for the typical “college renter” consequences, i.e., the occasional party trashing, heedless roommate damage, etc. College students don’t have the best reputation when it comes to taking care of properties. Make sure your clients are financially prepared to cover possible repairs.
  • Inherent risk: their student could decide to transfer to a different school, or move back home. Make sure your clients have thought about what they would do if something like this happened.

 

Tom Stachler is a licensed Broker and Builder based in the tri county area surrounding Ann Arbor Michigan.  Also specializing in the Saline, Dexter, Chelsea and Ypsilanti Markets.  Call Tom for assistance on houses, homes and condos to purchase, list or Lease.  Check out the helpful Links page and navigation tabs above. Looking to purchase a home, check out the all MLS Inventory link above for currently active properties in the Board of Realtors data base.  

The Impact of Student Loan Debt on Housing and Younger Generation Ability to Purchase

by Tom Stachler,ABR,CDPE - Group One Realty Team

Over the past year, the National Association of REALTORS® (NAR) has become increasingly concerned about the impact of student debt on Home ownership and the overall economy. The U.S. currently has a whopping student debt load of $1.3 trillion, which accounts for 10 percent of all outstanding debt. While student debt has risen, the homeownership rate has fallen, especially among younger generations. NAR’s second quarter 2016 Housing Opportunities and Market Experience (HOME) survey reports that roughly two-thirds of non-homeowners with student debt said they are generally not comfortable also paying for a mortgage. Furthermore, non-homeowners and younger adults with student debt are less likely to believe that they can qualify for a mortgage due to student loan repayment obligations.

To address the growing concern about student debt, NAR highlighted the issue during the 2016 REALTORS® Legislative Meetings & Trade Expo. The Regulatory Issues Forum featured U.S. Housing and Urban Development (HUD) Secretary Julián Castro, along with a panel of speakers, who discussed important regulatory changes that would ensure housing opportunities can exist for young people. At the Residential Economic Issues & Trends Forum, Senator Elizabeth Warren discussed Congressional efforts to alleviate the growing burden that student loan debt repayment is having on young adults, the housing market and the overall U.S. economy. Finally, the NAR Board of Directors adopted a policy that, “NAR should strongly support policy proposals to allow student loan borrowers to refinance into lower interest rates and to streamline income-based repayment programs. Additionally, NAR supports policy proposals that promote student loan simplification, clarity and education. NAR also shall ensure that mortgage underwriting guidelines related to student loan debt should become standardized and that they do not impair homeownership.”

In June, NAR partnered with the American Student Assistance (ASA) program SALT® to conduct a survey of student loan borrowers who are current in student loan repayment. The results of the survey demonstrated the impact and challenges that student loans have on housing, even among those who are managing to pay their bills on time. Among survey respondents, 67 percent received their loans from a four-year college, 31 percent from a two-year college, 27 percent from graduate/post-graduate school, and 11 percent from a technical college. Twenty-four percent were delayed by at least two years in moving out of a family member’s home after college due to their student loans. While 18 percent are currently homeowners, 17 percent live with friends or family and do not currently pay Rent.

NAR also continues to work with Congress and the Administration. NAR submitted letters of support for several pieces of legislation that have been introduced in Congress this year aimed at addressing the issue of student loan debt. Some of these legislative proposals address a variety of issues, including streamlining the student loan process and limiting repayment to 10 percent of a borrower’s income; allowing borrowers to refinance student loans at a reasonable interest rate or utilize an income-based repayment plan; and enhancing financial counseling options. Additionally, NAR worked with HUD to alleviate the burden of student debt for potential homebuyers by revising the calculation of student loan debt for Federal Housing Administration (FHA) loans.Among non-homeowners, 71 percent cite student loan debt as the factor delaying them from Buying a home. This is most frequently the case due to the fact that borrowers cannot save for a down payment because of their student debt. Among homeowners, 31 percent say student debt is impacting their ability to sell their existing home and move to a different home. The delay in buying a home among non-homeowners and homeowners is typically five years.

NAR and this broker remains committed to addressing the impact of student loan debt on the economy and housing market.

 

Tom Stachler is a licensed Broker and Builder based in the tri county area surrounding Ann Arbor Michigan.  Also specializing in the Saline, Dexter, Chelsea and Ypsilanti Markets.  Call Tom for assistance on houses, homes and condos to purchase, list or Lease.  Check out the helpful Links page and navigation tabs above. Looking to purchase a home, check out the all MLS Inventory link above for currently active properties in the Board of Realtors data base.  

Ann Arbor Area Real Estate Market and Trends Update for August 2016

by Tom Stachler,ABR,CDPE - Group One Realty Team

Check out this video covering the August Real Estate Market and Trends Report from our Corporate President Dan Elsea

 

Tom Stachler is a Michigan Licensed Real Estate Broker and Builder, covering the Ann Arbor, Saline, Dexter, Chelsea and Ypsilanti Markets and surrounding areas.  Contact him to day for a free Home evaluation or stop by our automated market pricing tool at www.RealQuest.info website for immediate ballpark pricing info without having to call anyone.  Tom and his team represent buyers and sellers in the tri-county area of Livingston, Washtenaw and Wayne counties.  Check out the helpful Links and navigation tabs above for more information and resources.  

 

5 Cheaper Home-Staging Idea Suggestions

by Tom Stachler,ABR,CDPE - Group One Realty Team
  1. Packing away personal items is one of the simplest — and cheapest — things you can do to sell your house or condo quickly.  Pack Away Personal Items and get ready for your next move. 

“The reason you want to depersonalize your home is because you want buyers to view it as their potential home,” we always say.

“Pictures are extremely distracting. You cannot believe how long potential buyers will stop and stare at people they do not know in photos,” and within reason on both these suggestions we also recommend moving any religious items from plain view.

The cost: $2 to $3 for a roll of packaging tape. You already have the scissors on hand and you can often score the boxes for free from a neighborhood store.In addition to attracting the buyer, “you want the buyer’s agent to enjoy showing the home,”  because even if this particular buyer isn’t interested, the agent might represent someone who would be a good match.

  1. Clear Clutter

“This is the hardest thing for most people to do because they are emotionally attached to everything in the house,” 

We recommend removing items from countertops in the kitchen and bathrooms. We suggest putting things in boxes and neatly stacking them in the corner of the garage. Anything extra should go in a small, rented storage unit. After years of living in the same home, clutter collects in such a way that may not be evident to the homeowner. However, it does affect the way buyers see the home, even if you do not realize it. Clutter collects on shelves and countertops, and in drawers, closets, garages, attics and basements.  Look for deals on plastic bins that have lids and stack neatly on top of each other.  These make a great alternative to storage shelves in the future for not only this place, but your next home.  Label gun the front neatly to make things easy to organize and find going forward. 

Or even better, ask a friend or relative to hang on to your items for free.

“Pack up 90 percent of your home, is a worthy goal" we always say. 

The cost: The price of a storage unit varies (around $45 a month for a 5-by-5-foot unit) or you can also consider one of the "pods" type moving services that will drop and retrieve a storage container in your driveway that they will later store until needed .  

  1. Rearrange and Neutralize

Rearrange the rooms in your home to reel in prospective buyers. Make sure each room has a distinct, useful purpose.

We suggest touring builders’ models to see how the rooms are furnished.

“Builders are experts on preparing their product for prospective buyers,” 

Have spare time when done? Closets should be “neat and organized.”  Even cereal boxes and can goods with labels forward organized from highest height to lowest gets noticed sub consciously by the buyers if we are splitting hairs here.   

“The pair of shoes or clothes that you haven’t worn in 10 years, get rid of at good will or Salvation Army etc. 

If your home has been painted recently, consider yourself ahead of the game. If not, take a paintbrush to the rooms that need it most. Sellers who paint the interior of their home will see a large return on the investment, this is one of the best returns on your dollar

“Fresh, neutral paint on the walls, trim and doors is worth its weight in gold — it makes everything appear clean and new,” I always say.

The cost: Anywhere from $12 to $50 per gallon for paint, plus another $10 to $50 for other painting supplies (primer, brushes, drop cloths, etc.) You can get back some of that money as a refund on your taxes for any items you donate to charity (such as those extra shoes in the closet).

  1. Scrub and Deodorize

Make sure your house or condo shines from top to bottom.

Cleaning and deodorizing a home before every showing “should be first and foremost.”

The goal is to help buyers imagine themselves living in the home.  Thus the less distractions objective.

“When buyers see an unkempt home or smell something when they first walk in, they become turned off immediately,”  we always say. “They can rarely see past it to look at all of the great features in the home.”

We suggest having the house professionally cleaned so that everything is spotless — windows, sliding glass door tracks, garage, basement, ceiling fans, etc.

We also recommend baking cookies in the oven, bringing cinnamon sticks to a slow boil in a pot of water or using air freshener to mask smells before each showing. Ridding the home of litter boxes or at least stale box material is also a must.

The cost: Varies by the location and size of the home, but typically less than $100 to clean a 4-bedroom, 2,500-square-foot home. Cookie dough runs about $3.

  1. Enhance Curb Appeal

Whatever you do, do not overlook the home’s exterior when selling.

“Curb appeal is just as important as cleaning the inside of the home — it’s the buyer’s first impression of your home,” are some of the things we mention in a special video we provide every one of our listing sellers.

“You only have one chance to make a first impression. …You want your home to stand out.”

Mow the lawn, make sure the sidewalk and driveway are free of clutter and debris, and ensure the house number is easily visible.

It may also be beneficial to pressure-clean the exterior of your home, driveway and sidewalk, if needed. Fresh stain on the deck or front door

Another valuable low-cost solution? Mulch.

“Mulch is cheap and covers a multitude of sins. It makes everything look trim and neat,” Landscaper and other contractors discount information is available using the link.  

The cost: Mulch costs around $3 per bag. The cost of renting a pressure washer varies, but you may be able to get one from a local hardware store for around $50 per day. It may cost double that to purchase a pressure washer. Professional cleaning with a pressure washer for a 2,500 square-foot-house may set you back about $250.

 

Looking to Sell your Property?  

Showing tips that will help you sell your home.  Tom Stachler is a licensed Broker and builder serving the areas near Ann Arbor, Michigan. Saline, Dexter, Chelsea homes and houses, condos for sale.  Get more information using our Links page or contractor discounts site.  We can provide you with a helpful personalized marketing plan showing how digital clout and marketing prowess prowess including staging video to watch at home and taking charge of any recommended contractors and projects aimed at getting you a higher return on your sale and investment.  We also have an automated service to get a shotgun type price for your property at www.RealtyQuest.info

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