Sunrise Homes & Renovations, Inc.

Important Steps to Take After Closing on Your Home

by

Congratulations! You have closed on your new home! After weeks (or even months) of searching, negotiating, and signing paperwork, you finally have the keys in hand. But before you kick back and start decorating, there are a few essential steps to take to protect your investment and make the transition as smooth as possible.

Here’s a checklist of important things to do after closing on your home:

  1. Change the Locks and Update Security
    You never know who might still have a key to your home, previous owners, contractors, or even neighbors. One of the first things you should do is change the locks or rekey all exterior doors. This is also a great time to consider installing a smart lock, security cameras, or a full home security system to give you peace of mind.
  2. Store Your Closing Documents Safely
    Your closing documents include vital information such as your deed, title insurance, mortgage paperwork, and property disclosures. Keep both a physical and digital copy in a safe place, such as a fireproof box or secure cloud storage. These documents are crucial for tax purposes and future resale.
  3. Set Up Utilities and Services
    Make sure all your utilities, electricity, gas, water, trash, and internet, are transferred into your name and fully functional. It’s also a good time to set up any services like lawn care, pest control, or pool maintenance if applicable.
  4. Inspect and Familiarize Yourself With Your Home
    Take time to do a full walkthrough and inspect the property again now that it’s officially yours. Locate key components like the main water shut-off valve, electrical panel, HVAC system, and any warranties left behind by the previous owner. Knowing how everything works now can save you from stress later.
  5. Start a Home Maintenance Plan
    Your home will need regular upkeep to stay in top condition. Create a seasonal maintenance checklist to help keep track of tasks like cleaning gutters, changing HVAC filters, and servicing appliances. A little prevention goes a long way toward avoiding expensive repairs down the road.
  6. Update Your Address
    Be sure to update your address with the post office, banks, insurance providers, credit cards, your employer, and any subscription services. You’ll also need to update your driver’s license and voter registration.
  7. Meet the Neighbors
    Introducing yourself to neighbors can help you feel more settled and even gain helpful information about the neighborhood. Whether it’s a wave across the driveway or a quick chat, building community from the start creates a stronger connection to your new home.
  8. Celebrate Your New Home
    You’ve worked hard to get here, take a moment to celebrate this major milestone! Whether it’s a small dinner with loved ones or a housewarming party, enjoy the space you now call home.

Closing day isn’t the end of the journey, it’s the beginning of a new chapter. Taking these steps early will set you up for long-term success, comfort, and security in your new home.

Weighing the Pros and Cons of Artificial and Real Grass

by

When it comes to creating the perfect yard, one of the biggest decisions homeowners face is choosing between real grass and artificial turf. Both options have their benefits and drawbacks, and the best choice ultimately depends on your lifestyle, budget, and long-term goals for your outdoor space. Let’s break down the pros and cons of each so you can make an informed decision that suits your home and needs.

Real Grass: The Classic Choice

Pros:
There is nothing quite like the look and feel of a lush, natural lawn. Real grass offers a cooling effect during warmer months, improves air quality, and provides that classic, vibrant curb appeal many homeowners love. It’s also environmentally friendly, as natural lawns absorb carbon dioxide and help support local ecosystems.

Cons:
The beauty of real grass does come at a cost, both in time and money. Maintaining a healthy lawn requires regular mowing, watering, fertilizing, and weed control. Depending on your climate, drought conditions or heavy rainfall can also create challenges. If you’re looking for a low-maintenance option or live in an area with water restrictions, real grass might require more effort than you’re willing to invest.

Artificial Grass: Low Maintenance, High Appeal

Pros:
Artificial turf has come a long way in recent years, offering a realistic look without the ongoing upkeep of a natural lawn. It stays green year-round, requires no watering or mowing, and holds up well against heavy foot traffic, making it a popular choice for families with kids or pets. Artificial grass is also ideal for regions with water restrictions or extreme weather conditions where maintaining real grass is difficult.

Cons:
While artificial turf is low-maintenance, the upfront installation cost is typically higher than laying sod. Additionally, because it’s made of synthetic materials, artificial grass can become hot in direct sunlight, which may be uncomfortable in warmer climates. It also doesn’t provide the same environmental benefits as natural grass, and over time, it may need to be replaced depending on wear and tear.

Key Factors to Consider
When deciding between real and artificial grass, consider the following:|

  • Maintenance: How much time do you want to spend on yard work?
  • Budget: Are you prepared for higher upfront costs or ongoing maintenance expenses?
  • Climate: Does your region experience drought, extreme heat, or heavy rainfall?
  • Usage: Will children or pets frequently use the yard?
  • Environmental Impact: Is sustainability an important factor for you?

Both real and artificial grass can help you achieve a beautiful yard, but each comes with its own set of trade-offs. If you enjoy the natural feel of grass and don’t mind regular maintenance, a traditional lawn may be the best fit. On the other hand, if you want a consistently green yard with minimal upkeep, artificial turf might be the solution you’re looking for.

No matter which option you choose, creating an outdoor space that aligns with your lifestyle will help you get the most enjoyment from your home’s exterior for years to come.

How to Keep Your Purchase on Track And Overcoming Home Buying Delays

by

Buying a home is one of the most exciting milestones in life, but it’s also a process that can sometimes come with unexpected delays. Whether it’s financing hiccups, inspection issues, or paperwork snags, knowing how to keep your purchase on track can make a huge difference. Here’s what you can do to stay proactive and keep moving forward toward your dream home.

  1. Get Pre-Approved, Not Just Pre-Qualified
    One of the first steps to avoid delays is getting pre-approved for your mortgage. A pre-approval shows sellers you’re serious and financially ready to buy, and it gives you a clear picture of your price range. Pre-qualification is a helpful first look, but full pre-approval can speed up the buying process significantly when you find the right home.
  2. Stay Organized and Responsive
    During the home buying process, you’ll be asked for a lot of documentation — tax returns, pay stubs, bank statements, and more. Having these documents ready to go can prevent last-minute scrambles. Also, respond quickly to requests from your agent, lender, and title company. Even a one – or two-day delay in getting a document can push back your closing date.
  3. Be Flexible with Scheduling
    Inspections, appraisals, and final walkthroughs often require coordinating multiple schedules. Try to be as flexible as possible so these important steps don’t get delayed. A missed inspection window could mean waiting an extra week,  or more, for the next available appointment.
  4. Communicate Openly with Your Agent
    Your real estate agent is your advocate and guide. Keep the lines of communication open, and don’t hesitate to ask questions. If something feels off or unclear, bringing it up early can prevent larger issues down the line. Your agent can also help troubleshoot potential delays before they become serious problems.
  5. Avoid Big Financial Changes
    Once you’re under contract, try to keep your financial situation steady. Opening new credit lines, making big purchases, or changing jobs can all trigger red flags during your final mortgage approval. To avoid delays,  or even denial, hold off on major financial moves until after you’ve closed on your new home.
  6. Prepare for Possible Repairs or Negotiations
    Home inspections sometimes uncover issues that need to be addressed before closing. Be mentally prepared for the possibility of negotiating repairs, asking for credits, or even making minor repairs yourself if it means keeping the transaction on schedule. Flexibility and a solutions-first mindset can keep the deal moving forward.
    7. Understand Your Contract Dates
    Your purchase contract will have key dates like contingency removal deadlines and closing dates. Stay familiar with these dates, and make sure you’re on track to meet them. Missing a contractual deadline can cause delays or even jeopardize your purchase altogether.

While delays can happen in any real estate transaction, preparation, communication, and flexibility are your best tools for overcoming them. Partnering with an experienced real estate agent and staying actively engaged throughout the process will help keep your home purchase on track and help you move into your new home with confidence and excitement.

Why Timing Your Home Purchase Right Matters More Than You Think

by

For many people, buying a home is one of the most significant financial decisions they’ll make in their lifetime. It’s easy to get caught up in the excitement of home shopping, but it’s crucial to consider more than just the aesthetic appeal of a property. Timing is everything, especially in the world of mortgages.

If you’re thinking about buying a home, it’s essential to understand how timing can impact your mortgage rate and overall purchasing power. Whether you’re a first-time homebuyer or a seasoned real estate investor, making your move at the right time could save you thousands of dollars in the long run.

Interest Rates and the Cost of Borrowing
The interest rate on your mortgage can make a huge difference in how much you’ll pay each month, and even more significantly, the total amount you’ll pay over the life of the loan. Mortgage rates fluctuate based on several factors, including the state of the economy, inflation, and the Federal Reserve’s monetary policy. In times of economic growth, mortgage rates tend to rise as the demand for borrowing increases, while in times of economic uncertainty, rates may fall to stimulate spending and investment.

Knowing when mortgage rates are at their lowest is key to saving money. Even a small difference in your interest rate can lead to big savings. For instance, on a 30-year loan, a rate that’s just 1% lower could save you thousands of dollars in interest over the life of the loan. If you’re in the market for a home, it’s wise to keep an eye on interest rate trends and consider locking in a favorable rate when possible.

Seasonality and Housing Market Trends
Just like mortgage rates, the housing market itself follows seasonal patterns. Generally speaking, spring and summer are considered the “hot” seasons for real estate. Families with school-aged children often want to move before the new school year begins, which leads to increased demand for homes. This surge in demand can drive up home prices, making it more competitive to buy.

On the other hand, the winter months tend to be quieter in terms of real estate activity. Fewer people are shopping for homes during the colder months, which may create opportunities for buyers to negotiate better deals and avoid bidding wars. While there may be fewer listings, homes that are on the market during this time might be more motivated to sell, which can work in your favor.

Personal Readiness and Financial Considerations
Timing isn’t just about the market – it’s also about you. Are you financially ready for the responsibility of homeownership? Assess your credit score, debt-to-income ratio, and savings for a down payment before jumping into the market. Lenders will evaluate these factors when determining the terms of your mortgage, so making sure you’re financially prepared can increase your chances of securing a favorable rate.

While you can’t control the housing market or interest rate fluctuations, you can time your purchase strategically and make sure you’re financially prepared for the long-term commitment. With the right timing and preparation, you’ll be able to find the best mortgage deal and ensure a smooth and successful home buying experience.

What’s Ahead For Mortgage Rates This Week – May 5th, 2025

by

Last week featured a slew of releases, but the most important one as of this writing is the GDP estimates. Both the GDP and GDP deflator data have started to reverse their previous trends, raising serious concerns that the economy may be experiencing deflationary effects.

This is somewhat offset by the Personal Income and Spending reports, which showed favorable numbers, as well as the Non-farm Payroll figures, which have also increased during this period.

The impact of the latest tariffs and trade wars has already appeared in estimates and data releases across numerous markets. There is strong expectation that the Federal Reserve will need to respond with support to ensure market stability, chiefly by reducing interest rates. Additionally, Consumer Confidence reports have shown a consistent downward trend for the fifth month in a row.

Consumer Sentiment

The consumer-confidence index sank in April to the lowest level since the depths of the COVID-19 pandemic, the Conference Board said Tuesday. Confidence fell 7.9 points to 86.0 in April, the fifth straight monthly decline.

Consumer Spending

Consumer spending rose briskly in March, but not because Americans are gung-ho on the economy. Many bought new cars or other items to avoid potential price increases tied to U.S. trade wars. Personal spending rose 0.7% last month, the government said Wednesday, a few ticks above the forecast of economists polled by The Wall Street Journal.

Gross Domestic Product

The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Donald Trump’s tariffs and a slowdown in consumer spending. Gross domestic product, the official report card on the economy, shrank at a 0.3% annual rate from January to March, the government said Wednesday. It’s the first contraction in GDP since early 2022.

Non-Farm Payrolls 

The U.S. added a stronger-than-expected 177,000 new jobs in April, suggesting the labor market was largely unscathed last month by the Trump trade wars, for the time being. The increase in jobs exceeded the 133,000 forecast of economists polled by the Wall Street Journal. Many economists had expected to see signs of damage from the trade wars in the report.

Primary Mortgage Market Survey Index

• 15-Yr FRM rates saw a decrease of -0.02% for this week, with the current rate at 5.92%
• 30-Yr FRM rates saw a decrease of -0.05% for this week, with the current rate at 6.76%

MND Rate Index

• 30-Yr FHA rates saw an increase of 0.03% for this week. Current rates at 6.28%
• 30-Yr VA rates saw an increase of 0.03% for this week. Current rates at 6.30%

Jobless Claims

Initial Claims were reported to be 241,000 compared to the expected claims of 225,000. The prior week landed at 223,000.

What’s Ahead

Historically, it has been less relevant, but the Trade Balance reports will help shed light on some previously unknown data. Next week will also be lighter due to the upcoming FOMC rate decision, although a rate change is not expected.

Why Some Homes Come with Deed Restrictions You Shouldn’t Ignore

by

When buying a home, most buyers focus on location, price, and features. However, deed restrictions—legally binding rules that dictate how you can use your property—are equally important. Ignoring them can lead to unexpected limitations and challenges.

What Are Deed Restrictions?

Deed restrictions, also known as restrictive covenants, are rules placed on a property’s deed by developers, homeowners’ associations (HOAs), or local governments. Unlike zoning laws, which are enforced by municipalities, deed restrictions are upheld by private entities like HOAs or developers. Violating them can result in fines, legal action, or forced compliance.

Common Deed Restrictions

Understanding deed restrictions before purchasing a home is crucial. Here are some common restrictions:

  1. Home Modifications & Renovations
    • Requiring HOA approval for exterior paint colors or structural changes.
    • Setting height limits on fences or additions like sheds and pools.
  2. Business & Rental Restrictions
    • Prohibitions on home-based businesses with customer traffic.
    • Bans on short-term rentals like Airbnb.
    • Limits on parking work-related vehicles in residential areas.
  3. Pet & Livestock Regulations
    • Breed or size restrictions for dogs.
    • Limits on the number of pets allowed.
    • Bans on farm animals like chickens or goats.
  4. Landscaping & Outdoor Features
    • Restrictions on specific plant types, trees, or grass varieties.
    • Approval requirements for solar panels or satellite dishes.
    • Rules on sheds, gazebos, or outdoor structures.
  5. Parking & Vehicle Rules
    • Where you can park boats, RVs, or trailers.
    • Whether overnight street parking is allowed.
    • Garage vs. driveway parking requirements.

Why Deed Restrictions Matter

  • They Are Legally Binding: Once you buy a home with deed restrictions, you must follow them.
  • They Can Impact Resale Value: Buyers may avoid homes with excessive limitations.
  • They May Conflict With Your Plans: Restrictions can prevent renovations, rentals, or business operations.

How to Check for Deed Restrictions

  • Review the Property Deed: The deed outlines any restrictive covenants.
  • Request HOA Documents: Obtain the bylaws and CC&Rs (Covenants, Conditions, and Restrictions).
  • Consult a Professional: A real estate agent or attorney can clarify complex restrictions.
  • Check Local Regulations: Some restrictions may be enforced at the municipal level.

Deed restrictions are designed to maintain community standards and protect property values, but they can also limit how you use your home. Before buying, carefully review any restrictions to ensure they align with your lifestyle and long-term plans. Taking the time to understand these rules can prevent costly surprises and help you make an informed decision.