Category Archives: Home design

Why Have Your Future Home Professionally

There are good reasons why you should have your future home inspected. But before we go into that, you must ask yourself: do you want the cheapest inspection, or do you want a professional inspection?

Some inspectors can be alarming and point the way for their own company to get maintenance work, to fix up very minor details of your future home. Some inspectors will want to write about every little thing wrong about the building that they can find, and much of it is simply unnecessary if the building is aged. In such a case real issues might get missed.

A professional inspection would be one that notes everything, highlights the most concerning details – structural concerns – at the front, and has the other data in the report, but notes how relevant it is to the age of the building and the circumstances of the building.

In other words, one would not note every scratch and scuff of every room, and somewhere there also note that there were termites found, which might be missed by the reader.

In a twenty year old building it might be enough to state the building’s age, that it appears to have been ten years without refurbishing, and thus has the associated wear and tear of such a home of that age. Then on top of that note any major significant defects. But in a brand new home it might be important to note that three tiles were scratched on the floor of the bathroom, and provide photographs. The circumstances are different and the reports are too.

The person ordering the inspection has to work this out. He has to know who his inspector is, and likely this is why people who move from house to house will find a professional inspector, and keep them over decades.

So what makes a professional inspector? Inspectors who come from a professional building background will obviously have an edge on the same inspector who comes from a non-construction background. And there are many who have no qualifications at all. So find out and ask. The best qualified inspectors will have it noted on their website somewhere.

A builder will know all the ins and outs of how someone can fudge and obscure construction errors. The same is for an engineer or architect who moves into building inspections. These people can stand back from the house, seeing what is on the surface to be seen, and ask themselves why certain blemishes might appear, and then trace those back to their source errors. A professional inspector will not just find a crack and report it; he will and should determine the cause of the crack in the first place. This takes a thorough knowledge of building procedure.

So this is why it is wise to get a professional building inspection. If you are not in the building profession and you see a slight crack somewhere, you may not be able to see at a glance that the crack is inside a patch and that the building is moving. A professional is more likely to see it and be able to look for telltale signs indicating where that crack initially come from.

Cracks can come from building settlement, trees and vegetation withdrawing moisture from the soil, different materials interacting with each other – bricks grow (absorb moisture) while concrete shrinks in time, termites and timber pests, different materials heating and cooling at different rates, and other reasons. If you are buying a home you are best to know why.

But regardless of their knowledge, know that most inspectors will not crawl through openings that are too small, and they will not move furniture, and they will not do an invasive inspection. That is, they will not dig into a wall, or try to get below the surface of the building they are inspecting. Usually their terms and conditions state this. So, if possible have this worked out before the inspector arrives.

When you buy your home you really want to know that it is what you think it is. You do not want to pay half a million dollars to find you then need to pay a lot more.

Professional building inspectors also carry professional indemnity insurance and that helps you sleep. Obviously an inspector is not equipped with x-ray vision. But this does not mean he cannot observe, and cannot use tools, such as moisture meters, to find leaks behind showers and so forth. However, it does mean that he cannot always really tell what is behind the surface of what he sees. What he has is decades of experience, and it is that experience you are calling upon when you need his help.

Is it worth paying that money to have your home inspected? It is likely that the money you spend will give you peace of mind. It will also give you information about the building so that you can ask to have it fixed if it is a problem. As a social phenomenon it also keeps people honest. But in the end it is up to you.

Estimating Future Home Values

A couple of years ago people all over the U.S. were betting that their homes would continue to rise in value year after year and it seemed like a safe bet at the time. Although some worry-wart analysts were predicting that home values would drop like a tranquilized elephant, most people pooh-poohed the naysayers and continued to buy properties and flip them or get cash out refinances, not overly worried that prices would drop. Home owners got into very risky types of mortgages like negative amortization Pay Option ARMs (adjustable rate mortgages) or 5 year, interest only loans that eventually became ARMS.

Although many of these same borrowers found themselves in dire straits once the economy went sour, home values will still rise in the long run. Looking at today’s market however, we see lots of REOs, foreclosures, and short sales that have driven home values down considerably. How long this will last is not predictable until the economy shows stronger signs of recovery, which so far it has not.

Job losses continue to drive the poor market and tight lending by banks and other lending institutions have all but made it impossible to borrow money unless you have a lot of equity, a huge down payment, and a great FICO score. If your credit score is below 720, the lenders consider you to be a sub-prime risk and right now there is little to no subprime lending.

The reason that there is no subprime lending is basically because there is no secondary market for lenders to sell their loans to except for Fannie Mae. Since Fannie Mae’s guidelines are so strict, very few borrowers these days can qualify for a new home purchase loan or a refinance. Refinances can occur and many homeowners may want them because interest rates are so low and attractive, but because home values have dropped so precipitously in the last couple of years, very few have the equity necessary to refinance.

Many people who were in bad loans have since been foreclosed upon or have simply walked away from their properties, unable to make the payments any longer. The wholesale loss of jobs nationwide has created hundreds of thousands of unemployed or underemployed people who just do not have the money to make ends meet anymore. Credit scores have gone down in a big way but we may never know how much exactly since these figures are not published, as they should be.

Maintainenance & Taking Care of Your Future

Strange then, that new Krabi homeowners rarely pause to think about the care and maintenance of their dream villa – either before or after its construction.

Of course, they may not realise that in this tropical climate, properties can deteriorate rapidly, particularly if not occupied year round. Unoccupied homes are much more susceptible to attack from termites and other pests, for example. Ants, lizards and other creatures are quick to move in when the owners are not around. Such invaders, coupled with fluctuations in humidity that make wood warp, can cause cracks and even structural damage to a home in a matter of months.

The monsoon season can also be a nightmare for home owners. Sudden and severe storms can flood ground floors; damage roofs and bring new leaks that necessitate major repair work both inside and outside the home; while persistent rains can transform manicured gardens into unmanageable jungles within a few short weeks – guaranteed to attract thieves and vandals.

Try to anticipate such common problems during the planning and construction process of any villa, knowing that the majority of clients are not able to live in their completed home year round.

Basic design features such as foundations laid on slab, which raise a building off the ground, help protect homes from flash flooding and termite invasion – both serious problems if left unattended.

Construction materials are specially selected for their durability in hot, humid climates, and their low maintenance requirements. For example, all wood (both decorative and functional) is replaced by Conwood, a stronger, high quality fibre-cement board that offers exactly the same appearance without the huge disadvantages of the natural product. Window frames are always aluminium, which again is durable and provides a better barrier for insects.

Roofing is another matter taken very seriously; Dry-Tech technology, a system that uses high grade silicone to provide a seamless waterproof barrier, without the potential for areas of weakness and cracks in joints like the more commonly used cement sealant.

With precautionary measures like these incorporated into your house plan, and a good property management service after construction – you can rest easy when away from Krabi, knowing your valuable investment is protected.

Tips to Save Money for Your Future

Home ownership can seem beyond your reach, especially if your finances are in less-than-stellar condition. It may take a little longer than you might like, but home ownership is still possible. You have to start by following some basic steps so that you can save up to purchase a home.

Purchasing a home generally requires a mortgage, and to be approved for a mortgage, your credit score has to meet the lender’s criteria. Applicants with great credit scores often can qualify with a small down payment, while applicants with mediocre (or worse) credit scores will need a higher down payment.

Find out what your credit score is and take appropriate steps to improve your score. Pay your bills on time, lower your credit utilization rates and keep existing credit lines open. A one-point difference in your score can literally cost you thousands of dollars in increased fees and higher loan rates; if your score is too low, you may not qualify for a mortgage at all.

Many lenders have a loan pre-qualification process. You complete an application with a lender, and they let you know how much of a loan you should be able to qualify for. The difference between the loan you qualify for and your purchase price will be the amount you need as a down payment.

Some individuals have the financial strength to keep all of the savings in a single account, while other individuals tend to spend the money as they see it. If you fall into the latter group, consider opening up a separate account specifically to save up for your down payment. Designate a set amount from every paycheck to go into this account, with the understanding that the money in this account is only to be used to obtain a home.

If, like most people, you tend to spend more in stores when you are using a credit card as your payment form, then put your cards away. Do not close out the cards, as that may adversely affect your credit score. Just put them in a drawer at home, don’t use them, and pay off any balances you are carrying. This will improve your credit utilization scores and also reduce fees associated with using credit cards.

If you have not already created a budget (or a spending plan), then it is past time to do so. Track your expenses and see what luxuries you can cut out. If you have outstanding loans, such as student or automobile, continue to pay them regularly.

If your income is just covering your expenses, and you have eliminated unnecessary spending, then you might consider getting a part-time job to increase your income, and then direct this additional income into your savings account. Saving up a down payment is possible, but it does require you to be diligent in your spending and saving habits.

Affect of Bankruptcy on Future Home

Before learning about the effects of bankruptcy to your future home purchase, you have to learn first how one gets there. No one wants to be in that situation. Aside from the fact that it is stressful, it can also cause a lot of other problems like losing your home and other valued properties. Ever wonder how you got there?

One of the major reasons why someone faces bankruptcy is mismanagement of finances. People spend more than what they earn. They fail to anticipate that something could go wrong like losing their job. Other events that can alter their financial balance are medical treatments and death of a family member.

Over used of credit cards and paying, only the minimum amount is another reason. The debt accumulates as well as the interests until such time that the person can no longer keep up with his payments. In addition to that, he also has to pay the bills, the rent and other obligations. There could be mortgage loan and car loans waiting to be repaid. All the above situations can be avoided if one learns how to manage his finances well. He can also invest in important things such as health and life insurance. He can also have an emergency fund to have something to use when something goes wrong. It is also essential that he gets an honest assessment of his finances before he applies for mortgage or car loans. These steps are very important in order to avoid bankruptcy.

Bankruptcy can affect your future home purchase in several ways. It can affect the right time to purchase your dream home. Most lenders will ask you to wait at least two years before they can approve your application. Two years is enough time for you to repair your credit scores. However, this can take as much as three years or more if you do not exert efforts.

You can still apply for mortgage though even if you have not yet repaired your credit. However, you will have to make a bigger down payment. You can also expect that the interest rates offered to you is higher than those that are normally offered. You cannot blame the lenders for this because they also have businesses they want to protect. Since this is the case, it would be more difficult for you. You have to look for the amount to make the down payment and you have to pay high monthly premiums because of the high interest rates. You need to do this while repairing your credit. Remember, you still have to repair your credit records even if your loan has already been approved. This is because you want to refinance your loan once your credit is good.

A Glimpse Of My Future Home

Mystery stories rank high on my list of books that I enjoy reading, because I love the suspense and problem solving situations. In this article we are trying to imagine and visualize what our heavenly home will be like. None of us have seen even a glimpse of Heaven but the Bible does make mention of some details. All of us have certain expectations and try to put eternity into our finite minds. Let us be cautious and not allow our visualizations to run wild. The Master while on earth told the disciples that He was going to prepare a place for us in His Father’s house, where there are many mansions. His promise to all of us is that He will come again to take us home. This is our hope and joy as believers in the Lord Jesus Christ.

Young and old alike we are all excited about going to Heaven and living with our risen Savior. In some cultures the bridegroom prepares a home for his bride after they have decided to marry. During the waiting period the bride prepares her torso and looks forward to the arrival of her lover. Today we who are bought by His blood are waiting for our Heavenly Bridegroom. We know that His promise to return is very imminent. What are we doing to welcome Him? What are our dreams and aspirations as we contemplate His return? What a glorious sight that will be to see Him face to face. Imagine the angels waiting to receive the saints. As we fly up into the clouds and our bodies are changed in the twinkling of an eye, we will become glorified, immortal like our Lord. Can any one of us comprehend this miracle? I admit I want to see the future as an open book but God in His wisdom has not revealed some of these mysteries, probably due to our earthly limitations.

In the book of Revelation, John the apostle has recorded a vivid description of his vision while exiled on the Isle of Patmos. We need to prayerfully read this section to understand the details of Jesus our Risen Lord and the wonderful scenes in Heaven. It explains the worship by the Redeemed, the opening of the Book, the rewards given and so much more. When we approach the throne, we will prostrate at His feet and lay our crowns, (if we get any) before Him, because He is worthy of our all. All glory, majesty and power belong to the Lamb that was slain before the foundation of the world. My desire to read mystery books has challenged me to read the Book of Revelation over and over again. It does give me hope for the future and the promise that my Lord will come back to take me home to a place where there is joy for evermore.

Children love to listen when interesting stories are read to them or vocalized with some dramatic gestures. Pictures of heaven are often portrayed to them so that they would decide to follow Jesus, with angels in white wearing golden crowns, streets of gold, a choir in perfect harmony, mansions, harps, and everything that is joyful with Him in the midst. No more sickness, sorrow or separation but to live for ever and for ever like the angels. Indeed it will be a glorious experience. We need to tell others about Heaven and how they can join us to enjoy eternal bliss with Jesus Christ our Redeemer. Revelation chapters 4 and 5 will satisfy your curiosity, read it and prepare for the future.

How Bad Will Foreclosure Affect Future Home

As far as future home purchases foreclosure will affect your ability to buy a home for up to seven years. Mortgage lenders will especially be leery of a client with a previous foreclosure on their record. Once the seven year time period has elapsed there will be no record of the foreclosure.

Some mortgage companies, however, will lend to you after about five years of a clean credit history following the foreclosure. In this case you would have to prove a very stable work history, provide legitimate reasoning for the previous foreclosing, and have a stable credit history since the incident. If a loan is granted at that point, you can expect the interest rate to be very high; however you will have a chance to refinance your loan once the foreclosure falls off your record.

There are some immediate affects to consider when facing a foreclosure. Your credit score will be adversely affect immediately after your first missed payment. If the house that is being foreclosed is your primary residence you will need to find a place to rent to you once the foreclosure process has commenced. This may prove difficult as most landlords rely on credit reports to determine the reliability of their tenants.

The best course of action is to make sure you are current on everything except the mortgage payments. You can then explain to the landlord that your mortgage payments were way more significant than the rent you will be paying them. Seeing that you are responsible with all of your other debts may persuade them to give you chance. You may be turned down by several landlords so make sure you give yourself enough time to make other living arrangements.

By the way, by researching and comparing the best stop foreclosures services in the market, you will be able to determine the one that meet your specific financial situation, plus the cheaper and quicker options. However, it is advisable going with a trusted and reputable stop foreclosure specialist before making any decision, this way you will save time through specialized advise coming from a seasoned foreclosing advisor and money by getting better results in a shorter span of time. Meaning getting your house out of risk as soon as possible.

Hector Milla runs the Stop Foreclosure Loans website, where you can get immediate assistance from professionals serving your state. We have done all the hard work for you and selected the best 3 rated stop foreclosure services.

Prepare Your Future Home Against

When people think about their future home, they always yearn to have outdoor rooms. They desire their patio to be converted to an outdoor dining place. Some would love to have an extra living room by the porch while others would want another area for entertaining in the deck. If you wish to have such outdoor rooms in your home later on, you should think about the different conditions in the outdoors and be ready and prepared for certain circumstances.

The patio, deck and porch are all situated in the exterior confines of the home. They are prone and subject to the different outdoor conditions. One of them is the cold outdoor environment. It is important that while you’re at the planning stages of your home, you should think about certain remedies that will help you combat the cold temperature outside. One of the tools you can use is a natural gas patio heater.

A natural gas patio heater can provide you a very convenient source of heat. Typically, people tend to make camp fires or fire pits in the past. Using this equipment will save you all the trouble and will provide you leverage against the cold.

It is important that when you choose a natural gas patio heater you should have a smart plan in place. They should be thought of at the construction phase of the home. This is necessary so you can strategically place the pipes around your home and through your walls. This will enable you to mount your heaters on the ceiling of your roofed decks or porches or have them mounted on your patio walls. Running the pipes on a later time will cost you some costly installation fees. A great advantage of this type of heater is that it is considerably cheaper to operate plus you will have a steady and unlimited supply of natural gas to allow your patio heater to do an all-nighter.

The Future Home

Chances are when you think of satellite TV, you don’t think about your computer. You most likely don’t think about music, either. In fact, chances are good that you think about little more than the availability of channels or what you’ll watch on TV tonight after dinner with the family.

However, there is good reason to look deeper into the technology behind your TV programming. Why is this? There is an excellent chance that, in the near future, your home will be powered by satellite technology in ways that you may not be able to imagine.

What’s on the horizon? How will the (not so distant) future home be powered by satellite technology? The roots of the coming revolution can already be seen, thanks to ongoing research and development on the part of satellite providers. These offer a dramatic change to the way in which you watch TV, use your computer, watch movies and more. Here’s a brief rundown of what the future may hold for your home.

First, expect the computer and the TV to merge into a single unit, though perhaps with several different monitors located throughout the home. It is already possible to watch TV on your computer monitor, program your DVR over the Internet and even stream pay-per-view movies to your laptop. However, in the future the distinction between TV and computer will be somewhat vague (and might not exist at all). Development and research in the area has already yielded a means to hook your satellite TV directly to the computer, allowing you to watch something different on the monitor and TV at the same time. You can even use your hard drive like a DVR. However, as the line between computer and TV blurs, expect manufacturers to jump on the chance to merge these entities into a single unit.

In fact, there are already solutions on the market that can transform all the disparate systems in your home into a single entity. For instance, by connecting fixtures with smart technology to your home computer system (which will actually run throughout the home), you can revolutionize the way you live. You can control your lights through the computer, your refrigerator, turn on your oven, set the TV to record and even lock or unlock your doors. Expect to see these systems in the near future; it’s also likely that these all-encompassing systems will control your home security, as well. Expect to see some unlikely bedfellows (corporately speaking) in the coming years.

Of course, these developments cut out the cable company. Because cable companies have been slow or unwilling to adopt emerging technology, (some are still analog!), the satellite companies have stepped up to the plate. Does this mean that the cable companies will fall away and go the way of the dinosaurs? While only time will tell if the cable company will become a thing of the past, all signs point to satellite providers as being the future of the average home.

How Bankruptcy Affects Future Home

Personal bankruptcy is the most common type of bankruptcy. Lots of ordinary people are unable to keep up with their debts especially when they have lost their jobs or maybe because of serious illness. Problems in personal relationship that have altered ones ability to function normally can also be one of the root causes of this problem. As you can see, this is not a pleasant situation. A person undergoing bankruptcy can have lots of troubles like being chased by different people.

Under the law, filing for bankruptcy is legal. People are allowed to file for it once in every 6 years. However, it can only be applicable to your current debt and not other debts that you will incur after the filing.

Filing for bankruptcy may have its own advantages. This is one way to stop creditors, IRS and landlords pursuing their collections. The court would order an automatic stay so that no one can sue or run after a person’s properties and stop all forms of harassment. Although this may sound good for those who are fully impaired in paying their debts, it also has a negative impact financially. One of which is their future major purchases like buying a home.

Effects to Future Home Purchases

There are different ways to buy a home. One is by paying it in full. The other one is by getting it financed. In reality, paying in full rarely happens. Most people get their homes by paying cash as a down payment and the rest is usually financed by obtaining mortgage.

You probably know by now that getting mortgage is affected by your credit standing. If it is good, you usually get good deals. If it is bad, the higher your rates will be. However, in the case of bankruptcy getting a deal might be impossible . Most of the lenders would reject your application if they see that you have filed for bankruptcy. Moreover, it gets more difficult for you because this will reflect on your credit standing for 10 years. In those years, it would be a struggle on your part to make any major purchases.

Redeeming credit to Purchase a New Home

What are the odds of purchasing a home despite having bankruptcy? At first, the chances are very slim. However, most people who file for bankruptcy can redeem their credit. It takes awfully a long time to do this. But once they do, they may be granted mortgage loans. However, these debts will be subjected to high rates.

Bankruptcy will be erased from their credit report after 10 years. However, it does not mean that this will be the only time they can get a loan. Although, it would be like passing through a needle hole, it is possible. To do this, they must redeem their credit first by doing the following:

1. Avoiding unmanageable debt.
2. Use of secured credit cards
3. Availing of loans for high-risk borrowers.
4. Applying for a department store credit card and paying them on time.

If you lenders have seen a good trend of payment from the recent credit, then they can grant them a loan without waiting for the removal of the bankruptcy status.