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Gain Space with Pocket Doors

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Gain storage space and usable square footage by installing pocket doors.   Pocket doors maximize under-utilized areas around doorways and transform them into smart storage spots.  The swing of a standard interior hinged door eats up as much as 10 square feet of floor space. That’s not to mention the unusable wall space the door occupies when open. By gliding on a track that disappears into the wall, pocket doors reclaim that space and increase the usable square footage of your home. Is the additional space worth it? It’s not exactly an open and shut case. For starters, unless you’re dealing with new construction, you’ll need to demolish a wall. Here’s what else you need to know before giving the sledgehammer a heave-ho. Benefits of Pocket Doors Space. With more available wall space, you have room for furnishings or freestanding storage. However, avoid penetrating the pocket-door wall to hang shelves or artwork—nails or drywall anchors might damage the door or prevent it fr

Home Buyer Tip: Don't Forget About Closing Costs

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In addition to saving for a down payment, you’ll need to budget for the money required to close your mortgage. Closing costs generally run between 2% and 5% of your loan amount. You can shop around and compare prices for certain closing expenses, such as homeowners insurance, home inspections and title searches. You can also defray costs by asking the seller to pay for a portion of your closing costs when you make an offer. Calculate your expected closing costs to help you set your budget.

Choosing the Right Front Door

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Not all exterior doors are equal. Here are the pros, cons, and costs of different types.   Good looks and value -- what's not to love? Not only does replacing your front entry door kick up your curb appeal, it's a solid investment with a decent payback. According to the "Remodeling Impact Report" from the National Association of REALTORS®, a new steel entry door has a national median cost of $2,000, and you'll recover 75% of that investment if you decide to sell your house. But how do you know which door is right for you? Make your decision by comparing the three main materials available for exterior doors: steel, fiberglass, and wood. Steel Entry Door If you’re looking to save money, a steel door is a great choice, especially if you have the skills to hang it yourself. A simple, unadorned steel door can sell for as little as $150 (not including hardware, lock set, paint, or labor) and typically runs as much as $400 at big-box retailers.  Steel offer

Home Buyer Tip: You Don’t Need 20% for a Down Payment

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There are many first-time home buyer programs available and government loan programs that enable buyers to get into their new home with 3.5% or less down.   Be sure to talk a mortgage broker or take a First Time Homebuyer class to educate yourself.  You may be able to get into a home and start building equity sooner than you think.

Understanding Energy Ratings for Windows and Doors

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The Energy Star label is good, but the NFRC label tells you even more. With the high cost of replacement windows and doors, it's wise to know exactly what you're getting for your money.    Here's what all those scientific terms and numbers about energy savings mean:   The 2 Most Important Window and Door Labels The two labels you should look for: The white National Fenestration Rating Council label. Nonprofit NFRC is the industry-recognized certifying body for windows and doors.  The Energy Star label, which means the appliance has met strict energy efficiency criteria set by the U.S. government, in addition to the NFRC ratings. What the NFRC Label Terms Mean The NFRC label typically lists five measurements. The other three are somewhat less important to energy performance, according to Energy Star, but can help you judge how well a window or door will perform in a particular application — for example, whether it'll let in enough light. 1. U-Fac

Home Buyer Tip: Bigger Isn’t Always Better

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Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old saying in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell.  Your home is only going to go up in value as much as the other houses around you. If you pay $500,000 for a home and your neighbors pay $250,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.

Home Buyer Tip: Don’t Try to Time the Market

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Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it.  Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.