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Looking for a Summer Remodeling Project? These Tips Might Help

by Cheryl Scott-Daniels

Due to long days and warm weather, many people choose to take on home remodeling projects during the summer. As a member of the Top 5 in Real Estate Network®, I have years of experience and understand how taking on a remodeling project is beneficial to you, both now and then later down the road should you choose to sell.

The following are some suggested project and tips—both large and small—for homeowners looking to spruce their homes up this summer.

Patios and Decks


Decks and patios are among the most popular summer remodeling ideas. There are various factors to take into consideration when deciding on whether a patio or deck is the most appropriate project to undertake. Such factors include soil condition and consistency, site terrain, use, capacity and privacy, as well as the cost and maintenance you are willing to put up with.

Home Maintenance

Throughout the seasons, your home has taken good care of you and your family and now is the best time to give back.

With a checklist in hand, go through your property to evaluate areas that need mending or replacement. This list will prove very helpful when contacting a contractor or handyman for maintenance/repair services. Some common maintenance and repair include:

  • Waterproofing the basement
  • Re-caulking and replacing weather-striping
  • Cleaning and sealing wooden decks
  • Trimming bushes and trees
  • Realigning downspouts and gutters
  • Repairing the roof
  • Cleaning the pool
  • Mending the fence
  • Maintenance of HVAC systems

Energy-Efficient Renovation
An energy-efficient summer remodel is a worthwhile endeavor as it will result in years of savings on your energy bills. Some of the common items you can buy and integrate into your energy-efficient renovation include:

  • Insulation systems and materials
  • Roofs that resist heat gain
  • Biomass-burning stoves
  • Energy-efficient windows
  • HVAC systems with the highest efficiency tier
  • Solar panels
  • Fuel cells
  • Geothermal heat pumps
  • Wind energy systems

Taking on one (or more!) of these projects is a great way to give back to your home this summer…and, in some cases, save you a bit of money in the long run, too!

With historically low interest rates and the idea that prices may start to creep back up, more and more renters are weighing the option of buying versus renting. I can confidently tell you that now is a very opportune time to purchase your first home!

According to my colleagues in the Top 5 in Real Estate Network®, a national network of leading real estate agents, first-time home buyers across the country have taken advantage of today’s market conditions to go from renter to homeowner. That said, the ability to move into home ownership is very dependent upon the overall health of your finances. Buying a home not only takes having the necessary cash on hand for the deposit and closing costs, but also the financial resources to convince a bank to lend you 80% or more of the purchase price in the form of a long-term mortgage.

Here are some other important points to be aware of before embarking on a home purchase:

1. Know Your Credit Score. In today’s market especially, having good credit is very important. Take the time now to pull your own credit score so you know what you are up against. Contact me for direction on where to go and who to contact for your credit score.

2. Know What You Can Afford.
The best place to start is with a pre-approval. Contact a mortgage broker to identify what you can afford and what price range you should target.


3. Check Your Cash Situation. Talk to a mortgage broker about the different loan options to identify the amount of cash on hand you will need to close. Whether you are aiming to put down 20% of the home’s price for a conventional loan, or 3% or more for a loan from Fannie Mae, Freddie Mac, FHA or the Department of Veteran’s Affairs, you will also need to cover fees and closing costs, which can run up to 5% of the mortgage amount.

4. Associated Costs. Remember that homeowners, unlike renters, must pay property taxes each year – and pay for any needed repairs or upgrades. Be sure to leave yourself a little financial wiggle room in order to meet these expected – and sometimes unexpected – expenses.

If you would like more information about preparing to buy a home, please call me. 

 

 

 

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Photo of Cheryl Scott-Daniels  Real Estate
Cheryl Scott-Daniels
CSD Select Homes
991 Post Rd East
Westport CT 06880
203-341-0100
203-200-0065
Fax: 866-806-6909