Monthly Archives: February 2015

Myth vs Reality on Lawn Maintenance

20130625_dec_cah“We’ve been told all kinds of things by our neighbors and our parents over the years, but what’s the real story on lawn maintenance?  ‘Never cut your Grass too short.’  ‘Remember S.O.D (Sep., Oct., Dec.) for fertilizing’  ‘Always water your grass in the morning.’  Check out these myth-busting tips from the pros.”

 

Denise Buck & Ed Johnson – DC Metro Realty Team

Myth #1: You can water your lawn and landscape any time of day.

Reality: Water is a valuable resource; make every drop count! Watering the lawn in the early mornings or evenings after sunset minimizes evaporation. It’s the best time for water to penetrate deep into the soil.

Myth #2: It’s ok to cut the grass very short.

Reality: Most landscape professionals advise against cutting more than one-third of the grass leaf at a time. Mowing at a finished cut height of 3 to 3.5 inches throughout the summer is generally recommended. The lawn will need less water, will be more resistant to weeds and will have a deeper, greener color. Use a sharp mower blade to prevent tearing grass blades. A crisp and clean cut will help prevent a “brown tip” appearance.

Myth #3: It’s best to water your lawn every day.

Reality: Watering your lawn every three days is better than daily watering. Deep, rather than shallow watering of your lawn is recommended to nurture the roots. An inch of water to 12 inches of soil is the preferred ratio for watering actively growing grass.

Myth #4: If you want to replace your lawn, you should do it in the spring when plants get ready to bloom.

Reality: The best time to sow seed is in the late summer and early fall when the temperatures are more consistent and when highly competitive weeds, like crabgrass, are at the end of their life cycle.

Myth #5: Early spring is the best time to fertilize the lawn.

Reality: Since different species of grass prefer nutrients at different times of the year, be sure to use the correct fertilizer, at the right rate, at the right time, and in the right place. A slow-release fertilizer allows for more even and consistent feeding over a longer period of time than a quick-release fertilizer. And, remember to use fertilizers responsibly by cleaning up any that lands on streets, sidewalks or driveways where they can be washed into lakes, ponds, rivers and streams.

Myth #6: A garden hose is more cost efficient than installing an irrigation system.

Reality: Many landscape professionals recommend installing an irrigation system with smart controllers which have sensors that water when needed. Smart irrigation can offer a cost savings of 15–20 percent on water bills. Converting irrigation spray nozzles from sprinklers to rotating nozzles will spread heavy droplets of water at a slower pace, which makes them more targeted and effective.

Myth #7: You have to irrigate to have a healthy and beautiful lawn.

Reality: Grasses are built to endure long periods of drought by entering a state of dormancy..  When temperatures and moisture levels are at their extreme, the growing point of the grass plant, the crown, will shut off the grass blades, turning them brow. In almost all instances, once the heat and drought stresses have gone, the crowns will begin to send up new shoots. There’s nothing wrong with irrigating to avoid dormancy, but “embracing the brown” for a couple of weeks in the summer is just fine too.

For more helpful tips on taking care of your lawn and landscape, or to get advice on how to hire a landscape professional, visit www.loveyourlandscape.com.

Originally posted on by lyladmin at Landscape Life

Homeowner Tax Tips

Taxtime“It’s getting to be that time of year again…Tax Time.  One of the reasons you probably bought a home was for the tax benefits.  Be sure you are getting all the benefits you are entitled to.  You need to make sure have all the required documentation to you get the most out of your home.”

Denise Buck & Ed Johnson – DC Metro Realty Team

Even if you’re having a professional help you with your income tax return, you need to provide them with information on the money you spent that might be deductible. Look at the following list to see if any of these things need a little more investigation to determine if they apply to your situation.

  • If you refinanced your home for the second or subsequent time in 2014, there may be points that can be taken as an interest charge.
  • Compare mortgage interest, property taxes and other eligible itemized deductions to your standard deduction to see which will give you a larger deduction.
  • If you’re paying mortgage insurance premiums with your payment, you may be eligible to deduct them.
  • If you purchased a home in 2014, there may be some deductions found on the HUD-1 form you received at closing.
  • If you purchased a home in 2014 and the seller paid points on your behalf in order to get a mortgage, you may be able to deduct them.
  • If you purchased and installed in 2014 qualified residential energy efficiency property or improvements, you may be eligible for tax credits.
  • If you have dedicated, exclusive space in your home for a home office, you may be eligible for a deduction that may include a pro-rata share of insurance, utilities and other things.

For more information, see IRS Publication 936, Home Mortgage Interest Deduction; 2014 Instructions for Schedule A.

If you need another copy of your closing statement for the home you purchased or sold in 2014, contact your real estate professional.

Is Your Home Ready to be Sold?

Welcome to our home“It’s that time of year when many people start to think about selling their home.  Spring is coming and that is when homes look great and everyone is finally coming out of their cocoon to start looking.  But is your home ready to be sold?  We always help our Sellers identify the items that are most important to implement in each home before it goes on the Market.  Here are some good tips that we’ve found, and follow ourselves.”

Denise Buck & Ed Johnson – DC Metro Realty Team

Selling a home doesn’t happen overnight. To maximize your sale price, stand out from the competition and sell quickly, your home needs to go on the market in tip-top condition.

Prepping the home rarely happens in one weekend. It takes time and thoughtful planning. If you intend to sell your home this spring, here are a few steps you need to take now.

Stash your stuff

As you prepare to sell, think of your home as an investment and start to see it through the eyes of potential buyers and the market. When you’re trying to sell your home, the less-is-more approach applies.

Put away big furniture and personal items. Store or put away all the things you won’t be using until you move into your new home. In the kitchen, make space in the cabinets for items you will need to use daily, but will want to put away for showings.

Paint, clean and make small improvements

It’s common for sellers to make cosmetic improvements before they list. Kitchens and bathrooms sell your home. Plan to have the bathroom grout cleaned and have some parts of the house painted to give it a fresh look.

Consider cleaning rugs, refinishing hardwood floors or painting kitchen cabinets. If you plan to list in the spring, you likely have a good local real estate agent on your side by now. Get their advice and ask for referrals to do the work. There are lots of inexpensive contractors who can help spruce up your home quickly.

Research like a buyer

Today’s buyers have research in their DNA and will investigate all they can. Check with your local building department and ensure there are no outstanding issues with your home.

Verify that property records reflect your home accurately, and prepare to remedy any discrepancy. Make sure your title report is clean, and talk about potential disclosure items with your agent. Banks won’t lend if there are outstanding issues, and you don’t want to jump through hoops at the eleventh hour. Researching now will keep you one step ahead of the buyers.

The sale of your home is likely one of your biggest financial transactions. Get a real estate agent on your team early, and make a list of all the tasks you need to complete before listing this spring. Now is the time to have those discussions. Smart planning and a good strategy will ensure a quick, painless and profitable home sale.

Originally Published by Brendon DeSimone from Zillow

The Interest Rate Makes a Difference

Shopping for Interest Rates“With rates as low as they are today, it’s easy to ‘assume’ that all lenders are offering the same low rates.  But even a slight difference can make a big difference.  There are so many different options available in today’s market, it pays to shop around.  We actually have preferred lenders who have as many as 20+ different types of loans available, depending on your situation and need.”

Denise Buck & Ed Johnson – DC Metro Realty Team

 

Over 50% of homebuyers don’t shop to find the best interest rate for their mortgage. While a buyer wouldn’t rarely purchase the first home they look at, they will accept the rate and terms offered by only one lender.

While the borrower and the property affect the rate and terms that a lender may offer, it is not to be said that all lenders will offer the same terms and rates to the same buyer. Credit score, home location, home price and loan amount, down payment, loan term, interest rate type and loan type all affect the interest rate but different lenders can interpret this information differently.

Shopping around to compare rate and terms for a mortgage is a reasonable exercise considering that a half percent lesser interest rate could not only lower the payment but the cumulative interest that is paid while that loan is outstanding.

Some borrowers don’t shop the mortgage because they are concerned that having their credit checked multiple times could adversely affect their credit score. The credit bureaus take this into consideration when several requests are made by the same category of lender in a short period of time.

Check to see the difference 0.5% could make in the mortgage you’re considering by using the calculator provided by Consumer Financial Protection Bureau. Contact your real estate professional for a list of trusted mortgage professionals to consider.

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