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Winter is Here: Prepare Your House with These Three Home Maintenance Tips

December 4, 2020 by Rhonda Costa

Winter's Coming: Prepare Your House with These Three Home Maintenance TipsHave you prepared your home for the winter? With colder temperatures starting you’ll need to spend an hour or two getting your home ready to deal with the possibility of harsher weather and below-freezing temperatures, depending on where you live. Let’s take a look at a few quick home maintenance tips that will help you get your house ready for the cold of winter.

Check Your Roof, Gutters and Spouts

Your roof is one of the most important structural elements in your home and one that is going face the brunt of any inclement weather that passes through your area. If you feel comfortable on a ladder, climb up and quickly inspect the roof for damage or missing shingles. You’ll also want to clean the gutters and drain spouts, removing leaves and other gunk so that water can flow freely from your roof to the ground.

Drain Your Faucets, Hoses and Irrigation System

If you have exterior faucets and hoses you’ll need to flush out and drain any remaining water before storing them away for the winter. In-ground irrigation systems should have an anti-freezing treatment performed by a professional as freezing can cause a significant amount of damage to pipes and outlets.

Check Your Doors and Windows for Drafts

Leaky windows and doors can cause your heating bill to skyrocket, so spend a few minutes going around the house to inspect seals and frames to see if anything is leaking. Pay close attention to any single-pane windows as leaks can appear over time due to expansion caused by temperature fluctuations. It takes just a few cents worth of caulking to save many dollars in wasted heat.

Store Your A/C and Prep Your Furnace

Finally you’ll want to ensure that your air conditioning unit has been fully shut down and properly stored. If you have an in-ground unit, you’ll also need to cover it to protect it from rain, snow and wind. If you use a furnace to heat your home, be sure to clean or replace its air filter and consider firing the entire system up so you can check the ducts for leaks.

These home maintenance tips will help keep your home in peak condition and prevent damage that can reduce your resale value. If you’re thinking about selling your home, give your local real estate agent a call and they can assist you with getting the process started.

Filed Under: Around The Home Tagged With: Around the Home, Home Maintenance, Homeowner Tips

Tips For Selling Your Home In The New Year

December 3, 2020 by Rhonda Costa

Tips For Selling Your Home In The New Year Many people think that selling a home after the holidays and during the Winter season is a bad idea. Most people are not in the home buying mood, because they are thinking about the holidays.

Also, buyers will think that you are desperate and they will give you offers that are less than list price.

Advantages Of Selling Your Home Now

However, there are some advantages to selling your home over the holidays and into the new year. There will be less homes on the market, so there won’t be as much competition.

Also, buyers will likely be on their holidays from work, so they will have much more time to view properties and look around at homes.

Another factor is mood – buyers will generally be feeling more cheery and relaxed over the holidays, which will result in them being more likely to make the decision to buy a home.

A home can have a really romantic and cosy feeling during the winter season, which could make a buyer fall in love with it.

When You Are Selling Your Home During The Winter Season, Here Are Some Tips To Keep In Mind:

  • Choose a good real estate agent who will be able to communicate with you well and find the right buyers for your house.
  • Price the house realistically. This time of year, it helps to be competitive. You might even get buyers competing, which will push the price up as they bid against each other.
  • Make sure that you have all of the paperwork in order, including an energy performance certificate, fittings and fixtures list and much more.
  • Give your home a little makeover so that it gives a great first impression. Touch up the paintwork, rearrange the furniture and remove clutter.
  • Giving a sense of airy lightness is important, especially in the winter months. Make sure that your windows let in plenty of natural light.
  • Be flexible. You might need to be able to accommodate last minute viewings or viewings at strange times, so keep your schedule open.
  • Serve seasonal drinks and snacks at your open house, such as mulled wine, eggnog and cookies, to put your buyers in a good mood.
  • Have your moving company chosen and ready to go in advance, in case there is the possibility of a quick sale.

These are just a few tips to keep in mind for selling your home over the holidays. For more helpful tips, contact your trusted real estate professional.

Filed Under: Home Seller Tips Tagged With: Home Selling Tips, Homeowner Tips, Winter Selling Tips

Missed a Mortgage Payment? How to Ensure It Doesn’t Affect Your Credit Score

December 2, 2020 by Rhonda Costa

Missed a Mortgage Payment? How to Ensure It Doesn't Affect Your Credit ScoreIf you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores.

In some cases, the decline can be rather significant, and you will have to work hard to make regular payments over a period of time to show that you remain creditworthy and to rebuild your credit score.

It is far better to avoid late payments altogether than to deal with the stress and ramifications of a late payment on your credit report. If you have already missed the due date on your mortgage loan, you may be wondering what you can do to prevent this late payment from showing up on your credit report.

Contact Your Mortgage Company Immediately

Initially, contact your mortgage company to make payment arrangements and to discuss the situation. In some cases, a mortgage company may be willing to work with you on structuring a new arrangement for the payment to be made or you may even have a surplus in your escrow account that could be applied toward the payment.

You can also determine when they will report your late payment to the credit bureaus and how much time you have before you absolutely need to make the payment to avoid credit ramifications.

Make Your Payment Before The Next One Is Due

Generally, lenders will report late payments when they are more than 30 days late. While you may be assessed a late fee after the initial grace period has expired, you may not have technical late payment in terms of what credit reporting bureaus consider to be late. Generally, if you make your payment before the next mortgage payment is due, your late payment will not show up as a late payment with the bureaus. However, you do want to verify this with your mortgage company and work with them to bring your account current.

A late payment on a mortgage can have a substantial and negative impact on your credit rating, and it can take months or even years to restore your scores to their previous level. Rather than go through the effort to try to improve your score after the fact, it is best to avoid the late payment altogether. While you may have already missed a payment and may be required to pay a late fee, it may not be too late to avoid having this event reflected on your credit report.

Contact your lender today to learn more about your options and to make your payment.

Filed Under: Real Estate Tips Tagged With: Buying a Home and Credit, Home Mortgage Tips, Real Estate

Home Expenses Include Far More Than Just the Down payment

December 1, 2020 by Rhonda Costa

Home Expenses Include Far More Than Just the Down paymentIf you are thinking about purchasing your first home in the near future, then you need to be aware of the costs that you are going to take on. When you are looking at the cost of a home, it is very tempting to focus on the sticker price of the home. Even though the down payment is going to be the largest check you are going to write, this is not the only cost that you are going to pay.

There are numerous other costs for which you need to budget as well. By thinking about all of these costs ahead of time, you can make a smart financial decision for you and your family.

Think About The Real Estate Taxes

Depending on the part of the country in which you live, real estate taxes can be significant. For example, it is not unusual for even a modest home to cost thousands of dollars in real estate taxes per year. Therefore, even though you have budgeted for your monthly mortgage payment, make sure that you have budgeted for real estate taxes as well. Usually, your mortgage lender is going to hold your real estate taxes in escrow for you so you don’t end up having to write a large check at the end of the year.

Homeowners’ Insurance And Utility Costs

In addition, you also need to think about homeowners’ insurance and utility costs. Some of the utilities that you have to pay for include internet, phone, cable, gas, electricity, and water. When this is added to your homeowners’ insurance expenses, this can also add up to several hundred dollars per month. Therefore, make sure that you can afford not only the mortgage payment but these recurring monthly expenses as well.

Budget For Your First Home Accordingly

Some of the other expenses that you might have to incur when it comes to your first home include maintenance and repair bills. Therefore, you should make sure that you sit down with an experienced planner and ensure that you can afford the combined expenses. Otherwise, you might end up being priced out of your first home before you realize it.

 

Filed Under: Real Estate Tips Tagged With: Down Payment, Expenses, New Home

How Can I Price My Home To Sell More Quickly?

November 25, 2020 by Rhonda Costa

How Can I Price My Home To Sell More Quickly?If you are thinking about selling your home, then you want to make sure that you get as much money for your home as possible. Therefore, there is a solid chance that you are thinking about all of the places that you watched your kids grow up, the numerous parties that you hosted, and the countless holidays that you celebrated. To you, those memories are priceless.

Therefore, you should put these factors aside when you are selling your home. You aren’t selling your memories. Instead, you are trying to sell a home. If you want your home to sell quickly, there are a few tips that you should follow.

Do Not Price Your Home High Immediately

You probably think that your house is wonderful. After all, that is why you decided to move in all those years ago. The problem is that if you price your home too high at the beginning, then it might sit on the market for a long time. The longer a home sits on the market, the harder it is going to be to sell. Therefore, do not miss that window of opportunity. Instead, try to price your home to sell. Generate plenty of interest in your home so that you receive multiple offers. That is how you can get the most money possible for your home while still selling it quickly.

Don’t Assume Recent Renovations Are Going To Provide You With A Higher Price

If you have watched a lot of TV shows, then you might assume that renovations are going to drive up the listing price. This is not necessarily the case. You need to assess the market value of the renovations that you completed in the context of your home. That way, you can make sure that you recoup as much money as possible.

Price Your Home To Sell

These are just a few of the most important tips that you need to keep in mind if you want to make sure that you price your home to sell. If you want your home to sell quickly, then you need to ensure that you get plenty of interest in it. Pricing your home to sell will help to make this happen.

Filed Under: Real Estate Tips Tagged With: Home Pricing, Real Estate Tips, Selling Your Home

How Much Income Should People Spend On A Mortgage?

November 24, 2020 by Rhonda Costa

How Much Income Should People Spend On A Mortgage?When people are looking for a home, this is an exciting process. There is always something fun about looking at potential homes and envisioning a future there. This is a big decision. At the same time, it is just as important for people to think about how much of their money they should be spending on their mortgage. There are a few rules of thumb that people should keep in mind. 

The 28 Percent Rule

One of the most common rules that financial advisors and lenders are going to talk about is going to be the 28 percent rule. This rule states that people should not be spending any more than 28 percent of their pre-tax income on their monthly housing payments. This includes not only the mortgage but also any potential homeowners association fees, real estate taxes, and home insurance payments. Once people figure out how much they can afford on their monthly mortgage payment, they can work backward to see how large of a house they can afford. 

The 36 Percent Rule

The other rule that homebuyers are going to hear is the 36 percent rule. This is a rule that pertains to all debt. Therefore, this rule includes not only the monthly mortgage payments but also any car payments, credit card payments, utilities, and student loans. In general, no more than 36 percent of someone’s pre-tax income should be going toward debt. This is very important for taking out a home loan because it is going to impact someone’s debt to income ratio. If the debt to income ratio is too high, then potential homeowners are going to have a hard time getting a great deal on a mortgage. Furthermore, they could even be denied completely. 

Find The Right House

For those who are looking for a home, this is an exciting time. At the same time, it can also be hard to find the right home when people don’t know exactly what they’re looking for. When potential homeowners understand what their budget is, this process gets much easier. Therefore, everyone needs to think about how big of a monthly mortgage payment they can afford. This will help them make the right decision.

 

Filed Under: Real Estate Tips Tagged With: House Payment, Income, Mortgage

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Rhonda & Steve Costa

Rhonda & Steve Costa

Call (352) 398-6790
Sunrise Homes & Renovations, Inc.

Contractors License #CBC 1254207

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