Wednesday, April 13, 2016

6 Landscaping Mistakes That Will Destroy Your Yard

6 Landscaping Mistakes

That Will Destroy Your Yard

bamboo in front of wall
As warmer temps approach—quite slowly, depending on your part of the country—you might already be sweating your lawn. And with good reason: Good landscaping can add up to 28% to the overall value of a home.
But even for those blessed with the greenest of thumbs, landscaping offers plenty of potential for disaster: Do too little, and the effect won’t be noticeable. Too much, and everything might die. And introduce the wrong plant? Say goodbye to your entire yard. Scary!
Here are six big DIY landscaping pitfalls to avoid like a case of poison oak—straight from the pros!

1. Planting ‘mulch volcanoes’

Don't stop there—flatten (loosely!) your mulch to avoid a volcano.
Don’t suffocate your newly planted trees with the dreaded “mulch volcanoes”—piles of the insulating organic matter that rise as high as a foot up the trunk, says central Virginia arborist.
Mulch is designed to control the soil temperature and keep it moisturized—but to do so properly, it must be applied loosely. Tight packing strangles the tree and softens the root collar, a non-waterproof section of the tree’s trunk. The result: rot, invasive insects, and suffocated roots.
“Mulch mounds may look like the norm, but it’s a harmful practice,” Rigby says. Remember kids: Mulch mounds are not cool.

2. Choosing wrong or ‘dangerous’ plants

landscaping - fountain grass
One of the biggest mistakes an amateur landscaper can make is choosing an invasive plant, which can quickly grow out of control.
The biggest offender? Bamboo—it’s almost impossible to control. Without your own giant panda to do the trimming, you’ll find your yard overrun with tall, tough stalks that take years to fully remove.
Other offenders? The plants often found in “drought-tolerant” sections of big-box nurseries, according to the president of Form LA Landscaping in Tujunga, CA.
In particular, beware of Mexican feather grass, fountain grasses, and pampas grasses, which can be fire hazards due to their dry leaves and flowering stalks.
“Having this sort of foliage on slopes can be especially dangerous in an El Niño year,” 

3. Poor planning

Just like your class photos, tall ones go to the back.
Before you even put your hands in the dirt, carefully work out a design on graph paper to understand your space requirements, advises landscaper of Crider Landscaping in Soddy Daisy, TN.
“Measurements are key,” Crider says. “Like a good carpenter, measure two times and cut once.”
For small areas, stick with flowering perennials and skip large shrubs. As a general rule, taller plants should go toward the back and smaller plants in front.
Once you know what size foliage can fit without overcrowding, research specific plants (Crider suggests using Pollinator Partnership) and sketch them into your design.
And even if it can fit, don’t plant too big—that’s a rookie mistake.
Large foliage might look impressive, but it has a hard time taking root. Small foliage grows nicely and has a better chance of survival.

4. Using too much gravel

Beautiful xeriscaped residential garden of cactus,succulents,bougainvillia and other arid perennial plants.
With drought-tolerant landscaping, you can have too much of a good thing. Enter gravel, landscaping’s double-edged sword.
Gravel does save water. But it also reflects heat toward any plants nearby, damaging all but the hardiest plants. Any heat that gravel doesn’t reflect, it absorbs, essentially baking the roots of your plants.
And that’s to say nothing of future plantings: Gravel can get mixed into the underlying soil, making it too hard to absorb rainwater, Aoyagi says. And it’s nigh impossible to add more foliage to hard, dry soil—meaning you’ll be stuck with the plants you already have.

5. Installing artificial grass improperly

Sometimes the grass really is greener on the other side. But only if you install it correctly.
There’s nothing wrong with choosing fake grass over the real stuff, especially if you live in a drought-ridden region. Today’s artificial turf is almost indistinguishable from a live, lush lawn, minus the upkeep.
They key is to make sure you’re installing it correctly—not just plopping it on top of your dirt. You’ll want to consult an expert, but generally, you should excavate 3 inches below the finished grade and install a sub-base, according to the marketing and communications manager for Purchase Green Artificial Grass.
Because native soil expands and contracts depending on its water content, it can create “wrinkles, dimples, or soft spots, and a very uneven surface,” Vander Veen says. A sub-base “will ensure an artificial grass installation will continue to look good for the duration of its 15- to 20-year life.”
If you’re using multiple pieces of turf, you’ll want to make sure they’re properly seamed. Discuss the best way to lay your turf with your supplier, who can help you create a clean, unnoticeable line.

6. Building out near trees

Construction
Thinking of adding an in-law suite? Or perhaps you want to make your garage into a man cave. We’re all for it. But if your yard features large trees, you’ll need to protect them before embarking on any construction that might touch the roots.
You might not see the dire effects of damaged roots for quite a while—until a storm causes the rotting trunk to come crashing onto your roof. Or, if you put your home on the market, that giant dying limb hanging over your daughter’s bedroom could knock thousands off any offer, Rigby says.
Hire a tree care specialist if you’re planning any construction projects in your yard. Experts can ensure your work doesn’t touch the delicate root system, which causes irreparable—and expensive—damage.


Tuesday, April 12, 2016

The 6 Worst Homes for First-Time Buyers

The 6 Worst Homes for First-Time Buyers

Cozy bungalow
Deciding to buy your first home is a little scary. Looking for a home is anxiety-inducing. But actually making an offer? That’s a whole different level of panic. Are you choosing the right one? What if you buy this home and the perfect place comes on the market a week later? What if you end up hating the place in a year?
Unfortunately, there isn’t a one-size-fits-all formula for first homes. (If there were, we’d tell you.) And no, we can’t totally destress the process (buying a house is a big deal, after all). But we can help you avoid the biggest mistakes. And, as it turns out, some homes just aren’t right for the average first-time buyer. Go ahead and take a look.

1. The one that’s a little too ‘cozy’

You may not have children when you buy your first house. You may not even be planning on children. But those plans could change in the next five to 10 years, and that tiny two-bedroom historic bungalow you’ve been eyeing may go from just right to clown-car small.
“If you are recently married and plan to start a family, do not buy a two-bedroom home. Unless you bunk the kids together, you will be moving once the second child comes along,” says a Realtor® with Berkshire Hathaway HomeServices in Collegeville, PA. “Three is generally a good average. If you end up staying there longer than expected, you can start a family and still be comfortable.”

2. The bloater

On the flip side, you shouldn’t just get the biggest house you can qualify for, either. Five bedrooms might make sense for you in the future, but if it’s just you and your partner now, you probably won’t need those other four bedrooms for years. In the meantime, you’ll be carrying a much larger mortgage than you need—or possibly can handle.
“There’s almost nothing worse than buying more house than you need and having a reminder come in the mail every month as you scrounge to make payments,” he says.

3. The money pit

You might be tempted to buy an older fixer-upper—after all, you’ve watched so much HGTV you could give Bob Vila a run for his money—but be careful how much rehab you take on.
If the home needs one or two biggish projects and a handful of small weekend jobs to get into perfect condition, you might come out ahead. But if you can spot a dozen problem areas now, you may end up going broke trying to repair that place.
Instead, opt for a fixer-upper with an end in sight.
“I generally advise people to keep it simple—like kitchens and bath upgrades,” 

4. The weekend stealer

Is the front lawn a tropical garden? Does the house have a swimming pool out back? Is there a huge vegetable garden that needs tending? Those features might look great now, but do you really want to spend every weekend maintaining your home?
“Pools, hot tubs, elaborate landscaping, etc. are great in theory, but all require maintenance,” 
If you’re not up for the challenge, move along.

5. The dream crusher

In an ideal world, you’ll live in your first home for a while, maybe make a few improvements, and sell it for a profit later so you can upgrade to an even more awesome pad.
But that doesn’t mean you should look at every home for its investment potential.
Sometimes your tireless home improvements won’t mean much to the next buyer. And sometimes that home simply isn’t going to go up in price, no matter what improvements you make.
“If you make a row home in the worst part of the city into the Taj Mahal, you’re never gonna get that money back,” .
If your only reason for making an offer is what you might get out of it after you sell it, consider the market very, very carefully before you make the plunge.

6. The doorbuster

If you’ve found a really good deal on a home, go ahead and pat yourself on the back for being a regular real estate pro. But then stop and ask yourself why the deal’s so great. Is the location a bit gritty? You might save big bucks in the beginning, but there also might be big problems if and when you try to sell the home later on.
“I would advise that you pick [a locale] with a strong school district and a fiscally sound municipality,” 
Even if you don’t plan on having children, or you don’t care if a neighborhood is a little rough around the edges, future buyers might—and that means you may be forced to offer the same discount you got when you bought the house. And nobody wants their decisions as a first-time buyer to come back and haunt them as a first-time seller.




Monday, April 11, 2016

Where to Live: Something Old, Something New, or Something Rented?

new-old-rent
In the world of real estate, it qualifies as The Big Question: “Should you buy or should you rent?” But let’s dive deeper into the realities of the 2016 marketplace. The seemingly simple category of “homes for sale” actually covers a mind-bending number of different options. So maybe the better question is: “Should you buy a new house, buy an old house, or just keep on renting?”
It’s easy to see the emotional appeal of each. Buy a brand-new home, and you can customize it to your own (cultured? progressive? freaky?) personal taste, then move in knowing that no one else’s fungal toes have ever slid over the bathroom floor. An older home might have more character and some interesting history, and be in a well-established neighborhood that you love. And renting? Well, it allows you to pull up stakes with just a few weeks’ notice, ready to follow a new job opportunity, a budding romance, or a national tour with the reformed Guns N’ Roses. It also enables you to set down some roots without the financial onus of a hefty down payment.
But putting emotions aside, how do the new, old, and rent options compare when it comes to real numbers and tangible features? Let’s go to the data!

What it’s really going to cost you

Price is often the biggest hurdle to homeownership. Considering that the median list price on our website is $228,000 and an average home buyer puts a 12% down payment in 2015, that’s $27,360 in cold, hard cash. Last year, home prices rose 5% to 7% nationally, says our chief economist, Jonathan Smoke. These rising prices, often outpacing pay raises, have held back many a would-be home buyer.
Does that mean renting makes more economic sense? Not really—rent increases are even crazier. Nationally, the average apartment rent stands at nearly $1,180, up from about $1,125 a year ago, according to the Wall Street Journal. But in the 20 biggest metropolitan areas, asking median rent reached $1,868 in November 2015, a whopping 13.6% increase from a year ago, according to Altos Research.
That makes buying a home sound better and better. But due to shrinking inventory, competition among buyers is likely to be fierce this year, says Smoke. One savvy strategy is to consider new homes, which are typically overlooked by many buyers. Price is one primary reason: In November 2015, the median sales price of existing single-family homes, not seasonally adjusted, is $220,300; and new homes command a median of $305,000—almost 40% higher.
graphic-01
But that higher price tag might not wind up being as much of a financial burden as it may seem. Sometimes you need to dig a bit deeper to understand what you’re getting for the steeper initial cost of a new home.
“An existing home is more likely than not to have some kind of maintenance issue,” says Smoke. “For a new home, everything is brand new and typically covered by a warranty. Most new-home owners will get a one-year warranty for labor and materials, two years’ protection for mechanical defects—plumbing, electrical, heating, air conditioning, and ventilation systems—and 10 years for structural defects.
Assuming that a new home incurs no maintenance cost for the first five years, here’s the cost comparison of a new home and an existing home within the same period. HGTV advises homeowners to set aside 1% to 3% of an existing home’s price for maintenance and repairs each year. The following graphic uses the conservative estimate of 1%—it would obviously be way higher if the home were in lousy condition
graphic-04
As for rental prices across the U.S., they just keep heading skyward with no end in sight. According to current levels, a typical renter would pay more than $70,800 for five years of housing. And, yeah, the house (or any kind of equity) isn’t included.
Bottom line: If you can afford the new-home price, you’ll get more value than you think.

What you’re going to get

The three types of housing offer distinctive features that essentially speak to different lifestyles.
For each category, we measured how often a particular feature is mentioned in listings to figure out how common it is. We used single-family homes built in 2015 as our indicator of new homes, and those dating to the 1980s—when the majority of our for-sale listings were constructed—for existing homes.
With a new home comes modern living: Spend time with family in the open-concept living room, whip up some blanquette de veau with your stainless-steel appliances in a chef’s kitchen, keep your clothes organized in the walk-in closet (or maybe even a glam room!). Many new homes are also touted as energy-efficient, which saves money on utility bills.
Older homes often come with cozy features that may or may not seem dated. They could be wall-to-wall carpeting and fireplaces, or even wet bars!
As for renters, you are trading one convenience for another. Many buildings offer amenities such as a 24-hour fitness center, community pool, and doorman, but some specifically say no pets or no smoking (unless you want to kiss off your security deposit forever).

Location, location, location

New homes offer a slew of tangible merits, but the best locations aren’t among them. It’s one of the prime trade-offs: Generally speaking, the most desirable addresses and neighborhoods are already filled with existing development.
But it’s a different story for rental units, many of which are in (old and new) apartment complexes in urban neighborhoods. As a result, rental units usually offer the highest levels of convenience in terms of proximity to restaurants, shopping venues, and public transportation. After all, renters tend to be young, social, and mobile.
For older buyers seeking a good education for their children, existing single-family homes are more likely to be located near established school districts. If you search the listingsfor “great schools” or “top schools,” you’re even more likely to find your perfect match.



Sunday, April 10, 2016

Gap Between Homeowner’s & Appraiser’s Opinions Widen

Gap Between Homeowner’s & Appraiser’s Opinions Widen

Gap Between Homeowner’s & Appraiser’s Opinions Widen | Keeping Current Matters
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.
Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference for each of the last 12 months.
Gap Between Homeowner’s & Appraiser’s Opinions Widen | Keeping Current Matters
The gap between the homeowner vs. appraiser’s opinion had been heading in the right direction (closer to even), until this past month, when the gap widened again to -1.99%.

Bottom Line 

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale might be even more difficult than the first. If you are planning on entering the housing market this year, meet with an experienced professional who can guide you through this, and any other, obstacle that may arise.