As the summer heat approaches, it’s essential to find ways to stay cool without breaking the bank. By implementing these simple yet effective energy-saving tips, you can keep both the temperature and your budget well within the comfort zone. From optimizing your air conditioning to making small adjustments in your daily routines, these tips will help you beat the heat while reducing your energy consumption. Embrace these strategies and enjoy a refreshing summer while keeping your energy bill in check.
To ensure your air conditioner operates efficiently throughout the summer, regular maintenance is key. While professional servicing is recommended, you can still perform basic checks yourself. Vacuum air vents regularly to remove dust buildup, ensure proper airflow by keeping furniture away from vents, and avoid placing heat-generating appliances near your thermostat. These simple steps will help your A/C cool your space effectively while minimizing energy waste.
Maintaining a clean air filter is crucial for the smooth operation of your air conditioning system. Clogged filters hinder airflow and reduce the A/C’s ability to absorb heat efficiently. Make it a habit to clean or replace your air filter every month or two, and increase the frequency if you have pets or live in a dusty environment. This simple task can lower your energy usage by up to 15%.
Swap out outdated incandescent bulbs with energy-efficient LED lights. Unlike incandescent bulbs, which waste energy as heat, LEDs convert a significantly higher percentage of electricity into light. LED lights are not only more environmentally friendly but also last longer, consume 75% less energy, and emit less heat. Though they may cost slightly more upfront, their long-term energy savings make them a worthwhile investment.
Set your thermostat to a comfortable but energy-efficient temperature, ideally around 78°F or higher. Each degree you raise the setting can save you 6 to 8 percent on cooling costs. When no one is home, adjust the temperature higher to conserve energy and lower it only when necessary. Consider upgrading to a smart thermostat that adapts to your schedule and automatically adjusts temperatures for optimal efficiency. Additionally, explore potential rebates and discounts offered by your energy provider for installing a smart thermostat.
Utilize fans strategically to enhance the cooling effect of your air conditioning. Ceiling fans, for example, create a wind chill effect that allows you to set your thermostat a few degrees higher without sacrificing comfort. Remember to turn off fans when leaving the room to avoid unnecessary energy consumption.
To prevent your home from turning into a greenhouse, close your blinds or drapes during the daytime, particularly on south- and west-facing windows. This simple step will minimize the sun’s heat from entering your home and keep your space cooler naturally. Leave north-facing windows uncovered to let in natural light without significant heat gain.
In hot and humid climates, a dehumidifier can be a valuable companion to your air conditioning system. By reducing humidity levels, a dehumidifier helps your A/C work more efficiently and saves energy. Excessive humidity forces your A/C to cool and dehumidify simultaneously, leading to increased energy consumption and potential strain on the system. An energy-efficient dehumidifier alleviates this strain, promoting both comfort and cost savings.
Avoid using your oven during the hot summer months, as it adds unwanted heat to your home. Opt for alternative cooking methods such as microwaving or slow cooking, which generate less heat. Embrace the opportunity to enjoy outdoor grilling, keeping the heat outside while relishing delicious meals.
Cut down on hot water usage by washing clothes and dishes with cold water whenever possible. Washing full loads conserves water and reduces the frequency of running appliances. Additionally, consider air-drying your clothes instead of using the dryer, as this saves energy and extends the lifespan of your garments. Lowering the temperature on your water heater also contributes to energy savings while maintaining comfort.
Even when switched off, electronics consume a small amount of energy and generate heat when plugged in. Unplug devices that aren’t in use to reduce unnecessary heat buildup and save energy. Cumulatively, these small adjustments can make a noticeable difference in your overall energy consumption.
Proper insulation is essential not only during winter but also in the summer months. Air leaks can allow warm air to enter your home and cool air to escape, forcing your A/C to work harder. Seal cracks and gaps around windows, doors, and other openings with caulk and weather-stripping. Ensure your attic and basement are properly insulated, as these areas are prone to air leaks. By keeping your home tightly sealed, you can enjoy energy savings year-round.
Implementing these energy-saving tips will not only help you beat the summer heat but also reduce your energy bill. From optimizing your air conditioning to adopting smart habits in your daily routines, small changes can have a significant impact. Embrace energy efficiency and enjoy a refreshing summer while keeping both your comfort and budget in mind. Start implementing these tips today and continue saving energy throughout the year.
Are you a homeowner in the sunny state of Florida, looking to enhance the value of your property? Or perhaps you’re an aspiring real estate investor, eager to make the most out of your ventures in this thriving market?
Whether you’re considering selling your house or simply want to enhance its value for the future, there’s no denying the importance of home improvement projects. Investing in strategic renovations can significantly increase your property’s resale price and make it more appealing to potential buyers. Even if you have no immediate plans to move, keeping your home’s value in mind during renovations can be a wise decision. In this blog, we’ll explore a range of valuable tips specifically tailored to boosting property value in the beautiful state of Florida. By following these suggestions, you’ll be well-equipped to maximize your investment and make the most of your next renovation endeavor. Here are some tips for boosting your property value in Florida to get the most out of your renovations.
One of the simplest and most effective ways to increase your home’s value is by giving it a fresh coat of paint. Refreshing the interior walls with a new shade can brighten up the space and create a cohesive look throughout your home. Conceal any blemishes or outdated colors, and consider painting the exterior to address any unsightly spots. A well-maintained and modern-looking home is sure to capture buyers’ attention.
In a state known for its high energy costs, incorporating energy-saving technology can be a practical and valuable addition. Upgrade your windows to more efficient models to reduce heating and cooling expenses. Consider investing in a modern HVAC system that optimizes energy usage. Not only will these upgrades attract eco-conscious buyers, but they will also make your living space more comfortable and cost-effective in the meantime.
Outdated appliances can be a major turn-off for potential buyers. Upgrade your kitchen and laundry room with new, high-quality appliances that offer improved functionality, speed, and energy efficiency. Modern appliances not only enhance your home’s aesthetic appeal but also provide a valuable selling point. Buyers will appreciate the convenience and modernity of a home equipped with state-of-the-art appliances.
Take advantage of Florida’s beautiful weather by renovating your outdoor space. Enhance your backyard oasis by focusing on key areas such as your patio, pool, outdoor kitchen, and garden. Consider adding or upgrading your lanai screening to create a comfortable and pest-free outdoor living area. Well-maintained and visually appealing outdoor additions can significantly increase your home’s overall value and create an attractive selling point.
Increasing the value of your property in Florida is within reach with these practical tips and strategies. From simple updates like a fresh coat of paint and energy-saving technology to upgrading appliances and renovating your outdoor space, these improvements will not only attract buyers but also enhance your own living experience. When the time comes to sell, you’ll be able to command a higher price and maximize the return on your investment. Start implementing these changes today and watch your property value soar.
If you’re thinking of selling your property in Florida, don’t miss out on the opportunity to maximize its value! Contact me today to discuss your real estate goals and let’s work together to create a winning strategy.
If you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.
Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):
While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house. It’s called rate lock.
As a recent survey from Realtor.com explains, 56% of people who are planning to sell in the next 12 months say they’re waiting for rates to come down.
While this wait-and-see approach is right for some sellers, it also creates an opening for more eager sellers to jump in now.
If your current house truly doesn’t fit your needs anymore and you’re ready to move, don’t miss this chance to stand out. When fewer sellers are putting their homes up for sale, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. That’s why your house could see multiple offers as buyers compete over the limited supply of homes for sale – especially if you price it right.
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“Inventory levels are still at historic lows . . . Consequently, multiple offers are returning on a good number of properties.”
If you’re ready to sell now, beat the competition before it comes onto the market. If you do, your house should stand out and could get multiple offers. Partner with a real estate professional to get your house on the market.
Article Source: www.keepingcurrentmatters.com
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.
According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:
• More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search.
• Builders broke ground and started construction on more single-family homes. This means there are more homes intended for one household in the beginning stages of construction, allowing you the opportunity to customize one to your liking.
• The number of permits for building new single-family homes ticked up. This shows builders are ramping up to start on even more home construction soon.
And, while this is all good news for broadening your options for your home search, there are other perks that come with considering a newly built home.
When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankrate says:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs.”
Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
And, because everything is new, you’ll likely find there are fewer maintenance and repair needs up front. As Realtor.com explains:
“. . . if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
Lastly, building a home gives you the opportunity to incorporate more energy-efficient options that can help lower your costs over time – which can feel especially important when inflation’s raising many of the costs around you.
In today’s competitive real estate market, finding your dream home can be a daunting task. However, exploring the option of newly built homes can provide you with the flexibility to customize your living space while taking advantage of modern amenities and energy-efficient features. Working with me can help you navigate the process of buying a newly built home and find the perfect fit for your lifestyle and budget. So, if you’re struggling to find your ideal home, consider a newly built property and take the first step towards your dream home today.
Article Source: www.keepingcurrentmatters.com
I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide!
Get informed with our buyer guide to understanding the best buyer strategies to get started.
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988.
And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:
“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemic).”
With rents much higher now than they were in more normal, pre-pandemic years, owning your home may be a better option, especially if the long-term trend of rents increasing each year continues. In contrast, homeowners with a fixed-rate mortgage can lock in a monthly mortgage payment for the duration of their loan (typically 15-30 years).
The graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare the two options. As the graph shows, depending on how much space you need, it’s typically more affordable to own than to rent if you need two or more bedrooms:
So, if you’re looking to live somewhere where you have two or more bedrooms to accommodate your household, give you more breathing room to spread out your belongings, or dedicate the extra space to practice your hobbies, it might make sense to consider homeownership.
In addition to shielding you from rising rents and being more affordable when you need more space, owning your home also allows you to start building your own equity, which in turn grows your net worth.
And, as home values typically rise over time and you pay off your mortgage, you build equity. That equity can set you up for success later on because you can use it to help fuel a move to an even bigger space down the line. That’s why, according to Zonda, the top reason millennial homeowners bought their home over the past year was to build their own equity instead of someone else’s.
Making the decision to buy a home versus continuing to rent can be a complex process, but with the help of a trusted real estate agent, you can explore your options and make an informed decision. As rents continue to rise, now may be the perfect time to pursue your dream of homeownership and start building equity in your own property. Don’t hesitate to reach out to today and see how they can help you navigate the home buying process.
Article Source: www.keepingcurrentmatters.com
I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide!
Get informed with our buyer guide to understanding the best buyer strategies to get started.
Join the Bolger Campiello for live music and dancing. Food and beverage will be available for purchase on the bayfront. No outside food, drink, coolers, chairs or pets are permitted. All ticket sales are final,
Don't miss Sarasota Orchestra's Motown symphonic experience at Ed Smith Stadium! Hear hits from legendary artists like Marvin Gaye, Michael Jackson, and more. Enjoy a fireworks display to cap off the night. Tickets $15-$50 and parking is $5. 8pm, 2700 12th St., Sarasota, FL. Enter through Left Field Gate.
Celebrate Venice history at Venice Museums Day with three organizations: Venice Historical Resources, Venice Heritage, and the Venice Area Historical Society. Free event at three locations: Venice Museum, Lord-Higel House, and Venice Historic Train Depot. Enjoy activities at each site, with a free shuttle bus between locations. Water and snacks available at each site. 10am-2pm.
Free Music Friday Night Concert featuring Tiki Vibe at Centennial Park in Downtown Venice. Bring your own chairs and blankets, and please follow CDC guidelines. Alcohol is not permitted. Free admission. 7pm-9pm.
the Pride | Be Fabulous Arts & Music Festival, formerly known as the Harvey Milk festival, taking place at Rosemary Park, 531 Central Ave, Sarasota, FL. where it all started a few blocks south. Enjoy the festivities with vendors and LGBTQ+ music acts from all over coming to Sarasota. Admission is free, so come and be a part of the celebration!
The Venice expo is set for May 19 from 9 a.m. to 3 p.m. at the Venice Community Center, where expert speakers will discuss a range of topics related to hurricane preparedness and response, including lessons learned from Hurricane Ian, storm prep, emergency services, flooding, evacuation centers, transportation plans, and post-hurricane actions. Admission is free.
Join the Sarasota Dragon Boat Festival at Nathan Benderson Park on May 20th, 2023, 9am-4pm. Experience an outdoor festival blending sport, culture, and international flavors with a 2,500-year-old tradition. Free admission and family-friendly. Watch races, visit the Health & Wellness Village, food trucks, Beer Garden, and Marketplace. Come for a day of fun and excitement!
Join the Venice Symphony for a spectacular Patriotic Pops & Fireworks show at CoolToday Park! Music Director Troy Quinn has curated an unforgettable concert featuring American music, patriotic songs, and a tribute to our Armed Forces. Liberty Voices, a renowned vocal group, will also perform as a special guest. Get your tickets online or at the CoolToday Box Office, with various prices starting at $49. Gates open at 5:30 p.m. and the concert begins at 7:30 p.m. at CoolToday Park, 18800 S. West Villages Parkway, Venice FL.
Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.
According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your current home.
That’s actually what a lot of homeowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their home no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:
If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.
We’re in a strong sellers’ market. That means homes listed at market value and in good condition are getting attention from buyers and selling quickly. Lean on your expert real estate advisor for the best advice on getting your house ready to sell.
Your equity can power your next move. There’s a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next home. In fact, NAR’s report from above shows 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one. Work with a local real estate agent to learn how much equity you have and what you can do with it in today’s housing market.
If you’ve come to the realization that your current home no longer meets your needs, it might be time to consider selling it and finding your dream home. Selling your home can be a complex and emotional process, but with the right guidance and support, it can also be an exciting new chapter in your life.
Selling your home and finding your dream home is a big decision that requires careful consideration and planning. With my expertise and support, you can make informed decisions and have the confidence that you are making the best choices for you and your family. So, if you’re ready to take the first step towards finding your dream home, don’t hesitate to reach out to me today!
Article Source: www.keepingcurrentmatters.com
As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.
A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief Economist at CoreLogic, reports:
“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”
And the latest data from Black Knight shows the same shift. The graph below compares home price trends in November to those in February:
So, should you keep waiting to buy a home until prices come down? If you factor in what the experts are saying, you probably shouldn’t. The data shows prices are increasing in much of the country, not decreasing. And the latest data from the Home Price Expectation Survey indicates that experts project home prices will rise steadily and return to more normal levels of appreciation after 2023. The best way to understand what home values are doing in your area is to work with a local real estate professional who can give you the latest insights and expert advice.
If you’re postponing your home-buying plans in hopes of prices coming down, it may be time to reconsider. Real estate markets are cyclical, and waiting may result in missed opportunities for potential appreciation. Additionally, factors such as interest rates and limited inventory can impact affordability and competitiveness in the market. I can help you stay informed about what’s happening in your local housing market and make informed decisions about when to buy. Don’t miss out on your dream home – contact me today to understand the current dynamics of the market.
Article Source: www.keepingcurrentmatters.com
I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide!
Get informed with our buyer guide to understanding the best buyer strategies to get started.
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.
Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:
“[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.”
You might think sellers would have to lower prices to attract buyers in today’s market, and that’s part of why some may have been waiting for prices to come crashing down. But there’s another factor at play – low inventory. And according to Yun, that’s limiting just how low prices will go:
“We simply don’t have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.”
As you can see in the graph below, we’ve been at or near record-low inventory levels for a few years now.
That lack of available homes on the market is putting upward pressure on prices. Bankrate puts it like this:
“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.”
If more homes don’t come to the market, a lack of supply will keep prices from crashing, and, according to industry expert Rick Sharga, inventory isn’t likely to rise significantly this year:
“I believe that we’re likely to see low inventory continue to vex the housing market throughout 2023.”
Sellers are under no pressure to move since they have plenty of equity right now. That equity acts as a cushion for homeowners, lowering the chances of distressed sales like foreclosures and short sales. And with many homeowners locked into low mortgage rates, that equity cushion isn’t going anywhere soon.
With so few homes available for sale today, it’s important to work with a trusted real estate agent who understands your local area and can navigate the current market volatility.
Despite low buyer demand, prices are not crashing in the current real estate market. The main reason for this is the shortage of homes for sale. If you’re considering moving this spring, it’s essential to work with a trusted real estate agent who can help you navigate the competitive market and increase your chances of finding a suitable home. Don’t miss out on the opportunity to partner with me and make informed decisions in today’s real estate market.
Article Source: www.keepingcurrentmatters.com
I can help you find a strong buyer strategy that fits your goals. If you consider buying a property in the next 1-2 years, you need to download our free buyer guide!
Get informed with our buyer guide to understanding the best buyer strategies to get started.
The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power.
The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment:
Even a 0.5% change can have a big impact on your monthly payment. And since rates have been moving between 6% and 7% for a while now, you can see how it impacts your purchasing power as rates go down.
You may be tempted to put your homebuying plans on hold in hopes that rates will fall. But that can be risky. No one knows for sure where rates will go from here, and trying to time them for your benefit is tough. Lisa Sturtevant, Housing Economist at Bright MLS, explains:
“It is typically a fool’s errand for a homebuyer to try to time rates in this market . . . But volatility in mortgage rates right now can have a real impact on buyers’ monthly payments.”
That’s why it’s critical to lean on your expert real estate advisors to explore your mortgage options, understand what impacts mortgage rates, and plan your homebuying budget around today’s volatility. They’ll also be able to offer advice tailored to your specific situation and goals, so you have what you need to make an informed decision.
There are a complex set of factors that impact mortgage interest rates, including broader economic conditions, the monetary actions of the Federal Reserve (to some extent) and inflation. However, long-term mortgage rates are directly impacted by the bond market. The rate you’re offered on a mortgage will also depend on the lender you work with, its business costs and your financial profile.
Demand for mortgages can also affect rates, pushing it higher as available capital for lending tightens. Conversely, when there’s less borrower demand—as we’re seeing now due to average interest rates hovering in the 6% to 7% range—lenders might consider offering more competitive rates or other incentives to attract borrowers.
It’s clear that changing mortgage rates can have a significant impact on your ability to buy a home. With rates fluctuating between 6% and 7% this year, even a slight shift of 1% or 0.5% can make a big difference in your purchasing power. That’s why it’s important to work with a trusted real estate agent and lender to develop a strong plan when considering a move. By doing so, you can be confident in your ability to navigate the mortgage market and find the home of your dreams.
Article Source: www.keepingcurrentmatters.com
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