Bo Lee - Coldwell Banker Residential Brokerage

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Posted by Bo Lee on 11/8/2020

Image by fede13 from Pixabay

Just as your car needs regular maintenance, so does your home. It may not be the highlight of your weekend, but home maintenance is crucial. Keeping your home in tip-top shape will help prevent problems down the road and give you an edge when you decide to sell.

Check Your HVAC System

A general guideline is to swap your HVAC filters every two to three months. If you have a large household and/or pets, you may need to replace your filters more frequently. New HVAC filters can better trap dust and allergens and improve airflow throughout your home, benefiting both your health and your wallet. Service your HVAC system in the spring and fall before extreme temperatures hit.

Clean Kitchen Appliances

Freshen and de-grime your sink disposal. You can do this with conventional cleaners or with vinegar ice cubes. Grind up some orange peels to make the disposal extra fresh. Next up is the range hood filter. A degreaser mixed with hot water should do the trick. Lastly, you'll want to vacuum your refrigerator coils. Doing so will make your fridge run more efficiently and cut down on your electricity bill.

Check Your Fire Safety

Make sure your fire extinguisher is accessible and has sufficient pressure. This should be visible on the gauge. Next, test your smoke and carbon monoxide detectors. Most modern systems have a test feature that will sound an alarm if all is good. Clean the detectors and replace the batteries as needed.

Check Your Water

Inspect your water heater to make sure all valves are working properly. While you're at it, check your water softener and add salt if needed. Inspect your faucets, tubs and toilets for leaks and water pressure issues. Any problems will most likely stem from the aerator, which is a simple fix.

Test Your Electricity

Check that all your outlets are working properly. You can follow various online guides on how to re-wire dead outlets. If you feel nervous about working with electricity, call an electrician.

Deep Clean Your Home

At least twice a year you'll want to dust, vacuum and scrub your interiors as thoroughly as possible. Remove stains and caked-on dirt from floors, carpets and countertops. Get into the nooks and crannies. Clean tile grout and showerheads.

Don't Forget the Outside

Hose and sweep your patio, clean your gutters and clear debris from around entrances. Trim overgrown plants. Inspect roofing, siding, paint, and brick for damages. Use caulk to patch up minor damages and seal gaps in window and door frames.

With proper maintenance, you can keep your home in excellent condition regardless of its age. Make a checklist of what you need to do monthly, seasonally and yearly. Fix seemingly small issues now before they turn into big, costly ones. If you have a busy schedule, consider hiring a professional to keep your home well-maintained.




Categories: home maintenance  


Posted by Bo Lee on 11/1/2020

Image by MikesPhotos from Pixabay

The bistro table and chairs or patio set that welcomed your guests to gather outdoors and gave your porch a pop of color is now less than beautiful with its peeling paint and orange-brown crust.  Your outdoor space deserves a freshening up and the best way to go about it for both your budget and the environment is to rescue your already well-loved furniture.  Upcycling keeps old items that actually still have potential out of landfills, costs much less than purchasing a whole new product, and makes for an entertaining weekend project.  It also gives you free rein to choose a new finish for your old furniture.

Even if your chairs and table have already begun to rust, it is very possible to salvage them for further years of use.  If you like, take this opportunity to try a new color, or colors, of paint.

Cleaning and Preparation

Place furniture on a layer of old newspaper for easy cleanup of rusted paint flake and secure eye protection before you begin.  Find or purchase a tough wire brush and slough off any peeling pieces of rust.  For the remaining pieces that are more difficult to remove, use an electric sander.  Finish off the sanding with coarse sand paper for the bends and joints, folding the paper to get in the small places as best you can.  The rust color and appearance may still be visible, which is fine as long as you get most of the grit off and get the surface smooth.  

Next, clean the furniture to ready it for repainting.  Scrub with a vinegar and water mix or a baking sode and lemon juice combination, then clean with alcohol if needed.  Apply at least two coats of a primer specifically formulated to discourage rust, being sure the solution reaches all joints and crevices.  Let dry completely between each coat, preferably outside on a warm, dry day.  Any place you choose should be open and airy for safety. 

Painting  

The best choice of paint is a rust-proof outdoor formula.  Coat furniture with paint in a light layer, let dry completely, and then apply two to three more coats, letting dry each time.  Restore your set to the same color, try a new neutral shade to complement your space, or take a cue from the mismatched teacups and china trend and use two complementary colors for mismatched chairs.  Gently sand away any drips or pooled paint with sandpaper.

For the strongest protection from the weather and to put more protective anti-rust layers between your furniture and the elements, finish with a weather-resistant clear coat.




Categories: DIY  


Posted by Bo Lee on 10/25/2020

As a home seller, it is crucial to do everything possible to get your residence "buyer-ready." In fact, if your house dazzles a buyer, you may be better equipped than ever before to optimize your home sale earnings.

Ultimately, it can be quick and easy to get a house buyer-ready – here are three tips to help you prepare your residence for prospective buyers:

1. Bolster Your House's Curb Appeal

When a potential buyer goes past your home, you'll want your residence to make a great first impression. And if your residence has outstanding curb appeal, a prospective buyer may choose to set up a property showing right away.

To improve your house's curb appeal, you should mow the front lawn, trim the hedges and do whatever it takes to make your residence attractive to potential buyers. Of course, if you need extra help to bolster your home's curb appeal, you may want to employ professional contractors as well.

2. Remove Clutter

Antiques, paintings and other décor may help you transform your house into a home. However, these items may do more harm than good when you try to show your residence to prospective buyers. And in some instances, various personal belongings may make it tough for you to show off the true size and beauty of your residence.

It generally is a good idea to remove as much clutter as you can from your residence. Remember, your goal as a home seller is to make it simple for a buyer to envision what life may be like if he or she purchases your house. If you eliminate clutter from your residence, a buyer should have no trouble imagining what life may be like as the owner of your home.

3. Clean Each Room of Your Home

A neat, tidy home is sure to impress prospective buyers. Thus, if you allocate time and resources to clean each room of your house, you could boost the likelihood of a fast, profitable home sale.

Oftentimes, it helps to hire a professional home cleaning company. With this company at your disposal, you can get the help you need to improve the appearance of each room of your home.

As you get ready to add your house to the real estate market, you also may want to hire a real estate agent. This housing market professional is happy to help you get your house buyer-ready, as well as prepare for each stage of the property selling cycle.

A real estate agent will offer expert guidance throughout the home selling journey. He or she will provide recommendations and tips to help you showcase your residence to the right groups of prospective buyers. In addition, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them.

Get your house buyer-ready – use the aforementioned tips, and you can improve your home's appearance and increase your chances of enjoying a seamless property selling experience.





Posted by Bo Lee on 10/21/2020

This Condo in Ashland, MA recently sold for $605,000. This Detached,Townhouse style home was sold by Bo Lee - Coldwell Banker Residential Brokerage.


11 Lantern Way, Ashland, MA 01721

Condo

$610,000
Price
$605,000
Sale Price

7
Rooms
2
Beds
2/1
Full/Half Baths
WELCOME HOME to The Lanterns of Warren Woods! This VILLAGE 3 END UNIT includes over $52,000 in UPGRADES! 11 LANTERN WAY is a standalone condo with sun drenched, southern exposure, expansive views of conservation land and wildlife. Fully detached, like single family living. Oversized center island in the stainless/granite Kitchen, open to spacious fireside, bright Living Room with access to private, covered patio. Main level Owner's suite with walk-in marble tiled shower, 2 separate vanity & sinks, and custom closet. Private Den space, convenient main level laundry and 2 car garage. Customized second level offering guest Bedroom & bath, plus a finished room for the coveted in home office/craft room with customized shelving. Beautifully sited near the 475 acre Ashland State Park & 120-acre Warren Woods. Come enjoy living at this 55 + Premier MetroWest Community!






Tags: Ashland   Real Estate   Condo   01721  
Categories: Sold Homes  


Posted by Bo Lee on 10/18/2020

Photo by Precondo via Pixabay

Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example, one point might be equal to a quarter of a percent interest. A loan with 4 percent interest and two points might go down to 3.5 percent interest.

Pros and Cons of Points

If you do pay points, you could get a tax break. Since tax laws are constantly changing, make sure you can claim points if part of your decision is based on the tax break. Other considerations include:

  • If your mortgage is an adjustable rate (ARM), some mortgage servicers only give you the discounted rate until the mortgage rate adjusts. Some may hold the discount rate over. For example, if you have an ARM that starts at 4 percent and you buy two points for a discount of ½ percent, you may lose that discount when the loan adjusts, especially if it changes to a higher interest rate. However, if the bank carries the discount over, the new rate might increase to 6 percent, but your one-half point discount would mean that your new rate would be 5.5 percent.

  • You need additional cash to buy points. If you plan on putting 20 percent down, but you want to purchase points and do not have more cash, you could be less than 20 percent down. However, compare the scenarios to determine which method is better in the long run. If you put less than 20 percent down, the mortgage servicer may charge you PMI, which would negate any savings.

  • You may save more by putting more down. If you put $40,000 down on a $200,000 mortgage, you are going to pay interest on $160,000. If you put less money down and buy points instead, your interest rate will drop, but you may end up paying more for the loan in the long run. Enter the numbers into a mortgage calculator to determine which way you save more.

Scenario

If your mortgage is $200,000 and you put $40,000 down, thus cutting the amount you finance to $160,000, and do not buy points, the total interest you will pay over the length of the loan will be about $115,000.

Using the same scenario, you instead put $36,000 down and buy two points. This drops your interest rate to 3.5 percent from 4 percent. You will save about $16,700 over the life of the mortgage. And, you would have to stay in your house without refinancing for 49 months to break even on your savings. In this case, your $4,000 ends up saving you a net of $13,500 on interest (savings minus the $4,000 it cost you to save).

Before you agree to points or a larger down payment, discuss the scenarios with your accountant or tax attorney to determine which method is best for your situation. If you have to pay private mortgage insurance (PMI), buying points could end up costing you.




Tags: Mortgage   PMI   Points   Downpayment  
Categories: Uncategorized  




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