ERA Real Estate | Central Arkansas Homes for Sale

Tuesday, October 24, 2017

4 Cleaning Habits That Could Damage a Home

Some well-intentioned homeowners may actually be doing more harm than good when they're completing normal household chores. Realtor.com® recently featured a list of cleaning myths that could actually reduce the value of a home. Here are a few cleaning habits to warn your clients against:
Too much bleach.
Homeowners may be under the assumption that bleach is the best cleaner in the bathroom. “Bleach does not clean anything,” Leslie Reichert, cleaning coach and author of “The Joy of Green Cleaning” told realtor.com®. “It does disinfect, but before you can disinfect a surface, you have to clean it with something that will lift off the dirt.” Wipe clean and then disinfect with a diluted bleach solution, she suggests.

Polish for wood care.
Commercial polishes can make the wood in a home shine, but they can also leave behind a waxy buildup. “Most wood furniture has a finish that seals the wood, and really just needs to be kept clean and free from dust and dirt,” Reichert says. In that case, a damp microfiber cloth is usually best.
Not enough vacuuming.
One myth many homeowners believe is that you can ruin your carpets by vacuuming too much. However, “dust and dirt that gets down into the base of a carpet can do more damage than a vacuum,” Reichert says. However, homeowners should take special care when vacuuming Oriental rugs or handmade carpets, and never leave a vacuum in one spot too long. "The constant beating can heat up the fibers, cause them to melt, and leave a burn mark," Reichert says.
Coffee grounds in the disposal.
Some homeowners have heard that coffee grounds can deodorize a garbage disposal, but they can actually harm it. “The grounds often clog up the drains and pipes,” says Debra Johnson, a home cleaning expert at Merry Maids. Instead, place two to three small peels of lemon, lime, or grapefruit in the garbage disposal and turn it on while rinsing with warm water.
Source: “9 Cleaning Myths That Could Be Wrecking Your House,” realtor.com® (Sept. 19, 2017)

Tuesday, October 17, 2017

Tips for Saving Up for a Down Payment

DAILY REAL ESTATE NEWS | THURSDAY, SEPTEMBER 07, 2017 

About 60 percent of home buyers put 6 percent or less down on their home purchase, according to data from the National Association of REALTORS®. Considering the median existing-home price is $258,300, a 6 percent down payment would be $15,498.
Some aspiring buyers may be unsure of how to come up with that amount. But there are plenty of seemingly simple things they can do to start saving. NAR offers the following infographic.



Tuesday, October 10, 2017

Student Debt Forces 7 Year Homebuying Delay

Young adults strapped with student debt are delaying buying a home an average of seven years, according to a joint study by the National Association of REALTORS® and American Student Assistance released Monday. The average student debt load among survey respondents—who are millennials between the ages of 22 and 35—is $41,200, which is higher than their average annual income of $38,800, the study shows.
Eighty percent of the more than 2,000 respondents said they do not own a home. The vast majority of that group—83 percent—blame student loan debt for their delay in buying a home. “The tens of thousands of dollars many millennials needed to borrow to earn a college degree have come at a financial and emotional cost that’s influencing millennials’ housing choices and other major life decisions,” says NAR chief economist Lawrence Yun. “Sales to first-time buyers have been underwhelming for several years now, and this survey indicates student debt is a big part of the blame. Even a large majority of older millennials and those with higher incomes say they’re being forced to delay homeownership because they can’t save for a down payment and don’t feel financially secure enough to buy.”
The total value of student loan debt held by U.S. households today is a whopping $1.4 trillion, which is helping to lower demand at the entry level of the housing market. Furthermore, a quarter of current millennial homeowners say their student debt is preventing them from purchasing a move-up property, according to the study. They say it’s either too expensive to buy a larger home or they don’t qualify for a future mortgage because their student debt has impacted their credit negatively.
“Millennial homeowners who can’t afford to trade up because of their student debt end up staying put, which slows the turnover in the housing market and exacerbates the low supply levels and affordability pressures for those trying to buy their first home,” Yun says.
Besides delaying home purchases, survey respondents report that student debt is also forcing them to put aside several life choices and financial decisions. For example, 86 percent say they’ve had to make career sacrifices, including taking a second job. Forty-one percent say they are delaying marriage because of student debt, and 61 percent say they have sacrificed contributions toward a retirement plan.
“Being unable to adequately save for retirement on top of not experiencing the wealth-building benefits of owning a home is an unfortunate situation that could have long-term consequences to the financial well-being of these millennials,” Yun says. “A scenario where only those with minimal or no student debt can afford to buy a home and save for retirement is not an ideal situation—and is one that weakens the economy and contributes to widening inequality.”

Tuesday, October 3, 2017

Fall Maintenance Tips

Your clients may be able to shave up to 30 percent off their energy bills this fall by conducting appropriate preparation measures on their home. For example, stripping and caulking the home to prevent drafts could be a major money saver, according to WIN Home Inspection.
WIN President Steve Wadlington offers the following five tips to share with your clients on how to clean and update the home to get it cold weather-ready:
  1. Check the roof. Sun exposure can cause warping, fading, chipping, and other deformities to roofs and siding materials. Inspect the roof for cracks or other damages, and repair any issues before winter.
  2. Sweep the chimney. If there is a blockage, or if residue is built up, the risk of fire and other safety issues increases. Homeowners will want to make sure the chimney is clean and in tip-top shape for winter use.
  3. Clean the gutters. Check gutters for leaves or other debris that may be blocking water flow. Be sure to clear them out so water can properly drain. Gutters are essential in preventing water damage and other costly repairs.
  4. Check weather stripping and caulking. This is essential to keep windows and doors sealed. Windows and doors may become slightly detached from their frames during colder months, so it’s important to make sure they are properly attached at the beginning of the season.
  5. Check out floors. With all the heat and moisture of the summer months, floors may be showing some signs of wear and tear. Scratched, dull, or damaged floors should be professionally scuff-sanded and recoated.

Tuesday, July 18, 2017

Five Exterior Home Remodeling Ideas


Image courtesy of Matt Lee, Allura USA 
Much of home remodeling often focuses on the interior of the home where the homeowner spends much of their time. However, even the most beautiful interior will fall short in resale value if the exterior of the home is neglected.Improving curb appeal and durability by remodeling the outside of the home not only increases property value but can also be very rewarding for homeowners. Exterior remodeling doesn’t always have to involve extremely expensive projects. Sometimes it’s changing fairly small details that really make a huge difference.
Here are five different ideas to consider when remodeling your property.

Get Creative with Wood Siding

Wood siding is beautiful on its own, but don’t be afraid to get creative. If your remodel involves replacing siding and you’ve opted for wood, take a moment to consider different siding design ideas. Mix vertical and horizontal boards on a two story homes or try out a diagonal design. Think about varying widths of boards between very wide and very narrow. You may even like the look of mixing wood siding with steel or faux stone siding. Another choice would be cedar shake in diamonds, half-circles, and other unique patterns.
Image courtesy of Kebony
If you have no need to re-side your home but still want to refresh the exterior, consider repainting. You may wish to paint in a unique shade like blue or keep things neutral with a dove gray. Others may love their home to have a modern, imposing effect and enjoy the stunning look of black or a deep navy. You can also use the idea of an interior accent wall in one shade surrounded by neutrals as inspiration for the exterior.

Play with Window and Door Trim Colors

Window and door trim may seem fairly insignificant compared to the rest of the exterior, but they are actually a perfect opportunity to create contrast. Whether your home has wood or PVC trim, chances are you can repaint whatever trim is on your home. Find a pro to help out with an upgraded look.
The obvious choices of going with a stark white or a stunning jet black are popular trim choices, but consider non-traditional colors as well. Bright reds, oranges, yellows, or blues can actually look quite nice on trim, as long as the house itself is a fairly neutral shade. Many homeowners are reluctant to go bright with colors on the exterior as they might inside, so trim is a perfect way to get out of your comfort zone and play with a shade you like in small amounts.

Consider Adding Shutters

Similar to changing up trim, the idea of adding shutters to windows is another idea that may not be obvious yet can make a huge impact. Shutters work well on a variety of different home styles and can give a home a feeling of welcoming, making a mere house feel more like a home.
Shutters are also a great way to experiment or add color to the exterior without really drastically changing the color scheme. Bold, bright or very dark (even black) shutters can look quite striking and modern, despite the very cozy feel shutters often deliver. Instead of painting, another option is to select a beautifully stained and sealed redwood or other wood.
Be careful to avoid serious shutter faux pas; read more on how to properly design and include shutters on your home.

Compromise with a Portico

It seems as though at the top of every homeowner’s remodeling wish list is a new porch or deck. Unfortunately, many homeowners have to put this larger scale project on the backburner due to costs. A great compromise that is equally impressive is a portico. A portico is a small entry porch with a roof and columns. This “mini porch” of sorts can make an incredible difference to the exterior of your home.
If your home already has a portico, this makes for a nice remodel project. Upgrading colors, materials or columns can have a huge impact. Upgrades should reflect the overall style of the home to help the portico blend seamlessly with the existing structure.

Focus on a Landscape Remodel

Modern home exterior design goes much further than just the house itself (although there is no shortage of options). You’ve probably seen new neighborhoods filled with new houses that look beautiful but are surrounded by plain grass or even dirt. This is an extreme example but goes to show that a poorly planned landscape will make a house look less appealing.
Having a professional landscaper come out and remodel is an investment that is very well spent. That being said, there are plenty of DIY landscaping ideas that beginners can achieve to get the process started. Even if you don’t have a green thumb, a well-manicured lawn, tidy driveway and trimmed shrubs and trees will make your property look more valuable.
Remodeling your home exteriors can be very satisfying and can really increase the pride of your home when visitors or even a passerby notices. If you’re planning on eventually selling your home, it is equally important that the exterior is welcoming and will lure potential buyers in.

Thursday, July 6, 2017

Essential Supplies for DIY Movers

BY NATALIE WISE ON 21 AUG 2015
Sure you’ll need boxes, but add in these other must-haves and you’ll be moving like a pro.

Moving can be a stressful time, especially if you’re taking the DIY route. Aside from the day-of essentials — coffee and donuts for you and your crew — you’ll want to gather these 10 must-have supplies ahead of time to make packing (and unpacking!) as smooth as possible. Most of these items can be ordered online or picked up at a local storage company, rental company or hardware store.

1. Boxes: Heavy-duty, wardrobe & specialty

When you’re doing all the heavy lifting yourself, it can be tempting to scrimp on boxes and ask for used ones from local stores. This is a time-consuming process, and you’re likely to get odd-shaped boxes or produce boxes without lids. While some hand-me-down boxes are fine, you’ll also want to invest in new heavy-duty boxes built for moving. Don’t forget to pick up specialty boxes for mirrors and artwork, and wardrobe boxes with hanging racks to make putting your closet back in order a snap.

2. Packing tape

Next, you’ll need packing tape, and lots of it. Packing tape can be expensive, but price indicates quality. Cheap tape is often flimsy and sticks to itself, requiring you to use more of it. Heavy-duty tape is a one-strip operation on the bottom and top of the box. Buy in bulk to get the best deal and avoid last-minute tape runs for expensive single rolls.

3. Moving blankets

These can be standard blue moving blankets or just ones that are on their way out anyway and that you won’t mind getting a few grease strains or tears. These are mostly to protect furniture from jostling and so you can stack boxes or more furniture on top. If you’re packing a car or pickup truck, blankets are also useful for lining the trunk or bed so you don’t leave stains or scratches. Moving blankets also can be taped around bannisters to avoid damaging them on moving day. The more blankets you have on hand the better, so ask friends or family if you need more, or hit up a thrift store.

4. Stretch plastic wrap

A roll of mover’s stretch plastic wrap that seals to itself can be a miracle-worker on moving day. Use it to bundle boxes together, keep plastic bins closed, hold rugs rolled, keep cabinet doors in place and so much more. The plastic wrap sticks only to itself and leaves no residue, so it’s a mover’s best friend.

5. Bubble wrap

Of course, bubble wrap is a must-have for any move and is particularly useful for keeping delicate plates and bowls secure inside boxes. Use small bubbles for more delicate items and larger bubbles for larger items. With bubble wrap and the next two items on this list, all of your fragile items will be well-protected.

6. Packing paper

Packing paper is a different animal than standard tissue paper or even brown paper used for mailing. This is a thin, flexible paper that is unbeatable for filling in boxes to keep items from shifting. You can use it much like bubble wrap for less-fragile items. The rule of thumb for moving is that nothing should move inside a box, so stuff packing paper to your heart’s content — or at least until nothing is rattling around anymore.

7. Paper towels

Paper towels are another essential tool to keep within arm’s reach during your move. Not only are they useful for spills and cleanup, but they also can be a packing tool. Stuffing paper towels inside fragile vases or mugs will help keep them protected. Place a paper towel between dishes when stacking to prevent scuffs and dings. The best part: You can collect all of the paper towels when you get to your new place and use them for cleaning.

8. Carpet protection

Most DIY movers won’t think of this one, but mover’s carpet protection film is a good investment. This is a different film than the stretch moving wrap and it won’t shift or drag on carpet or stairs. With the constant going in and out, carpet is sure to take a beating. If you add in a muddy, wet or snowy moving day, carpet protection is essential.

9. Easy moving sliders and/or a dolly

When you’re moving by yourself, those little disks that you place under furniture to move it across the floor without lifting can be a major back-saver. There are specific sliders for carpet and hard surfaces, so one set of each should make moving much easier. If you can borrow a dolly, this is an unbeatable combination. You’ll be able to make fewer trips and save yourself a lot of struggle.

10. Utility knives

A few high-quality utility knives within arms’ reach are a necessity. Brightly colored knives will be easy to find amidst the (hopefully organized) chaos.

Tuesday, July 4, 2017

Down Payment Myths

Having the spare capital to put 20 percent down on a home purchase is great, but it's certainly not the norm. Still, many people think it is and that belief may be holding some would-be home buyers back, particularly young adults.
Indeed, 39 percent of non-owners say they believe they need more than 20 percent for a down payment on a home purchase. Twenty-six percent believe they need to put down 15 to 20 percent, and 22 percent say they need a down payment of 10 percent to 14 percent to buy, according to the National Association of REALTORS®’ 2017 Aspiring Home Buyers Profile report
But now for the reality: The average down payment on a purchase mortgage was just 11 percent in 2016. And that's just the average; often times down payments are much lower. For borrowers under the age of 35, the average down payment was just under 8 percent, according to NAR's survey.
As such, “aspiring first-time buyers think it takes twice as much to buy a home than it really does,” writes Jonathan Smoke, realtor.com®’s chief economist, in his latest column.
How much a person truly needs for a down payment depends on their situation. Their financial circumstances, home location, and the price of the home are important factors.
But there are many mortgage options that offer the opportunity to make low or even no down payments. For example, the Department of Veterans Affairs and the U.S. Department of Agriculture offer no-money down loans to those who are eligible. In 2016, 16 percent of buyers under the age of 35 put no money down on their home purchase.
Further, the largest share of loans for buyers under age 35 last year were for people putting down less than 5 percent on a home purchase (or about $3,500). The 3 percent down payment programs backed by Fannie Mae and Freddie Mac, and the 3.5 percent FHA mortgage that primarily targets first-time buyers, are both helpful programs to consider. These loan programs don’t require unblemished credit either. The average FICO score was 713, but realtor.com® notes borrowers with a 639 were still getting approved.
As such, Smoke says the millennial dreaming about homeownership needs to get this message: They need a FICO score of at least 639 and enough for a 5 percent down payment (that is, if they don’t qualify for the other programs with lower payment options). In that case, they'll need to save about $3,500 to buy in the typical American town.