Home Weatherization and Weatherproofing Guide: Protect Your Home From Storms and Extreme Weather

Updated on Nov. 7, 2024

Find practical ideas to better protect your home against whatever nature throws your way.

A homeowner replacing windows on a house and caulking to improve weatherproofing for winter.
Image: Fertnig/getty

One of the latest buzzwords in home maintenance is weatherproofing — equipping your home to better withstand heavy rains, wind, snow, and extreme temperatures. Recent climate events — from wildfires and severe storms to floods and extreme heat or cold — are motivating more homeowners to take action or step up what they’ve done in the past. Meteorologists are predicting a La Niña weather system for the winter, which could bring a mix of weather conditions across the U.S.

Sixty-four percent of the 1,200 homeowners surveyed by HIPPO, a home insurance group, say they’re concerned about severe weather or climate threats damaging their homes. More than half (56%) say they’ve already experienced damage.

Protect Your Investment: Why You Should Weatherproof

“We can’t prevent the weather, but we may prevent things from going wrong in our homes,” says Mark Olson, home insights expert at HIPPO. For example, an improperly sealed basement window can lead to flooding after heavy rains (a repair not covered by most standard homeowner’s insurance policies). “Weatherproofing your home also might lower the cost when unexpected [problems] do occur,” Olson adds.

Weatherproofing also may save you money on your energy bills, with savings, on average, from $150 to $1,200 per year, according to the American Council for an Energy-Efficient Economy.

Expert Weatherproofing Tips: Weatherization Ideas for Every Budget

Experts offer storm and weatherproofing ideas that will make the most difference in your home based on three budget levels: low, medium, and high-end:

Effective Weatherproofing Tips: Budget-Friendly Ideas Under $350

Caulk being applied to a window to improve the seal and weatherproofing.
Image: BanksPhotos/getty
Use Insulation Wraps

Water heaters, often located in areas like an unfinished basement or garage, may benefit from a water heater insulating blanket (best for electric water heaters). It could reduce a system’s heat loss by up to 45% and even cut water heating costs by up to 16% in cooler months, according to the U.S. Department of Energy.

Estimated cost: $35 to $43

Have an Annual Inspection

Have inspections conducted annually to check the roof, the fireplace, and your home’s key systems — like HVAC and water heaters (have them drained too!). Leaves, bird nests, and other flammable materials can accumulate in fireplaces, posing fire risks. (For about $300, a chimney cap to block can block cold drafts, debris, and pests.) Also, self-inspect the attic for moisture, discoloration on walls or ceilings, or signs of pests. “An attic is an early warning system for your house,” Olson says. “You can learn a lot about the overall health of your home and roof by keeping an eye on your attic.”

Estimated cost: $150 to $300

Recently remodeled? Tell us about it for a chance to win a $100 visa gift card. Click here to take the survey.
Take the survey
Add Weatherstripping and Caulking

Caulking and weatherstripping can prevent drafts and waterproof your house. Caulk tends to last five years, but that can vary greatly. “Look for gaps where cables enter your home, small holes in your flooring and walls, doors, and windows — anywhere a draft could be entering your home,” says Stuart Bensusan, director at Surewise, a home insurance company. “Sealing up small gaps and cracks in your home can help bring serious savings on your heating bill.” Also, weatherproof a door by attaching a door sweep to the bottom to block drafts.

Estimated cost: $350

The Department of Energy’s Weatherization Assistance Program provides weatherproofing services to about 35,000 eligible low-income households annually. On average, households save $372 or more per year. Learn more about your state’s offerings at Energy.gov.

Smart Weatherproofing Solutions to Weatherize for Under $1,500

A row of green coniferous ornamental trees in the grass outside a brown fence to form a windbreak.
Image: Анатолий Тушенцов/getty
Get an Energy Audit

A professional energy audit can flag problem spots. Diagnostic tests may include a blower door test or infrared imaging to detect air leaks, and inspections of windows, doors, and appliances. Based on the findings, tackle your home’s problem areas with caulk, weatherstripping, and other air-sealing methods. (Savings tip: Some utility companies offer a free or low-cost energy audit, says Docia Boylen, owner at Handyman Connection of Golden in Conifer, Colo.)

Estimated cost: $420

Use Low-E Windows or Coverings

Window weatherproofing could consist of swapping in a Low-E coated glass or film to minimize heat loss, says Kyle Barr, a vice president at Storm Guard Roofing and Construction in Lillian, Ala. In colder climates, look for window weatherproofing film with higher solar heat gain coefficient, or SHGC, ratings — like 0.30 to 0.60 — which filter out less natural light, and for warmer climates, lower SHGC ratings — less than 0.27.

Coverings like drapes can also help. “One of the best investments, especially if your windows are old, is thermal curtains,” says home renovation expert Drew Mansur, director at TileCloud in Australia. “They not only spruce up your interiors but also provide an additional layer of insulation to keep the cold out.”

Estimated cost of Low-E windows and coverings: $600

Fix Drafty Air Ducts

Ducts leaking even 20% of conditioned air passing through forces systems to work 50% harder and increases utility bills, finds a report from the University of Florida. A leaky duct can also cause higher indoor humidity, triggering mold and mildew. Most heating and air ducts are sealed with tape when first installed, but that tape can break down over time. Ductwork also may have holes or loose sections, rust, leaks, clogs, or condensation — all requiring repairs by HVAC professionals.

Estimated cost: $600

Plant Windbreaks

Landscaping can provide windbreaks to reduce wind around a home by up to 50%, as well as prevent snow drifts and reduce heating costs, according to the Department of Energy. “Dense evergreen trees and shrubs planted to the north and the northwest of the home are the most common type of windbreak,” the DOE notes. “Trees, bushes, and shrubs are often planted together to block or impede wind from ground level to the treetops.” A row of evergreen and deciduous trees, such as maple trees, can be effective, but two rows of staggered trees create a denser wind screen.

Estimated cost: $200 per evergreen tree

High-End Weatherproofing Tips: Invest $1,500 and More

Insulation in the floor of an attic for weatherproofing.
Image: P A Thompson/getty
Install Attic Insulation

“Large amounts of heat can quickly be lost in a poorly insulated attic,” Bensusan says. The North American Insulation Manufacturer Association estimates nearly 90% of existing homes in America are underinsulated. Extra attic insulation also can protect pipes — like water lines in the attic — from freezing and bursting.

Estimated cost: $1,700 to $2,000

Upgrade Windows and Doors

Weatherproofed exterior doors and windows are more energy-efficient. Windows consist of double panes of glass, and doors have extra insulation. “This is both a great way to save on your bills and increase the value of your home,” Boylen says. Depending on your climate, hurricane shutters — made of aluminum, steel, or polycarbonate — can add protection against wind-blown debris. Also, storm windows and doors that fit over the outside of existing ones add a protective layer.

Estimated cost: $7,500

Replace Your Roof

Roofs typically last 20 to 30 years. When your roof is due for a replacement, consider weatherproof roofing materials. Pricier metal or tile roofs are more apt to withstand heavy winds and rain than lower-cost asphalt shingles, which gusty winds can tear off. Depending on your climate, hail-resistant shingles could benefit you.

“Whether your roof is in good condition or not, you can always make it more weatherproof,” Mansur says. For example, rigid insulation boards or a new weatherproof layer can add insulation and protection, he says. Also, solar panels can protect a home against power outages caused by extreme weather. The costs for installation — anywhere between $10,000 to $30,000 — may be offset with a 30% federal tax credit. Solar panels could save homeowners nearly $42,000 over 25 years, according to EnergySage.

Your roof is your main line of defense against extreme weather, particularly wind and rain. “Relatively minor damage to a roof can result in some very expensive damage to the interior of the home,” says David Hinson, a professor at Auburn University’s School of Architecture who focuses on incorporating enhanced energy performance features into affordable homes. If your roof is worn out, see replacing it as a golden opportunity to make your house more climate-resistant. New materials and technologies have helped roofs better withstand high winds.

Estimated cost: $9,000

Graphic detailing ways to weatherproof your home for winter for any budget.
Image: HouseLogic

Invest in Resilient Design

The smartest weatherproofing ideas come from the principles of resilient design, which incorporates elements like stronger windows and roofs, higher insulation, fire-resistant materials, and passive energy sources to create a home built for maximum protection. These improvements are more expensive than some of the routine fixes you may be used to, but investing for the long term will build your home’s protection and save money over time.

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OR REALTORS®.”

Posted in Real Estate News | Leave a comment

First-Time Home Buyers Shrink to Historic Low of 24% as Buyer Age Hits Record High

First-time ($97,000), repeat ($114,300) and typical ($108,800) buyer incomes hit all-time highs

November 4, 2024Media Contact: Lauren Cozzi

Key Highlights

  • A record high 26% of buyers paid cash for their homes.
  • Seventeen percent of home buyers purchased a multigenerational home, the highest share ever recorded. 
  • The median down payment was 18% among all home buyers and 9% for first-time buyers.

WASHINGTON (November 4, 2024) – The first-time homebuyer market share decreased to a historic low of 24% (down from 32% last year), while home buyers’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors®’ 2024 Profile of Home Buyers and Sellers.1 This annual survey of recent home buyers and sellers – this year tracking transactions between July 2023 and June 2024 – has been NAR’s flagship report since it first published in 1981, providing industry professionals insight into detailed homebuying and selling behavior.

“The U.S. housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR deputy chief economist and vice president of research. “First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. Meanwhile, current homeowners can more easily make housing trades using built-up housing equity for cash purchases or large down payments on dream homes.”

The typical home buyer’s median household income for 2023 rose to $108,800 from $107,000 in 2022. First-time buyers had a median household income of $97,000, up from $95,900 the prior year and an increase of $26,000 in the last two years. Repeat buyers had a median household income of $114,300, up from $111,700 the previous year. 

The share of married couples increased to 62% of all buyers, with single female buyers seeing a slight rise to 20%. Conversely, the share of single males decreased to 8% and unmarried couples dropped to 6%. In addition, the share of single female first-time buyers jumped by 5%. 

Eighty-three percent of recent home buyers identified their ethnicity as White or Caucasian. Seven percent of recent buyers identified as Black/African American, 6% identified as Hispanic/Latino, 4% identified as Asian/Pacific Islander and 3% as some other ethnicity.

Seventy-three percent of recent home buyers did not have a child under the age of 18 in their home – the highest share recorded. 

Seventeen percent of home buyers purchased a multigenerational home, the highest share in the data series. The top reasons cited were cost savings (36%), to take care of aging parents (25%), children over the age of 18 moving back home (21%), and children over the age of 18 who never left home (20%).

“As home buyers encounter an unaffordable housing market, many are choosing to double up as families,” explains Lautz. “Cost savings are a major factor, with young adults returning home – or never leaving – due to prohibitive rental and home prices. Meanwhile, elderly parents and relatives are moving in with family members as home buyers reprioritize what matters most to them.”

Real estate agents played a crucial role in the homebuying process, with 86% of all buyers utilizing their services – the highest of all information sources used. Agents were the most useful information source in the home search process.

Eighty-eight percent of home purchases were made through a real estate agent or broker, demonstrating the continued importance of agents in the homebuying process. Nearly 90% of buyers each expressed satisfaction with their agent’s responsiveness, knowledge of the purchase process, honesty and integrity, knowledge of the real estate market and people skills. Eighty-eight percent of home buyers would use their agent again or recommend to others. 

In 2024, the median down payments were 18% for all home buyers, 9% for first-time home buyers and 23% for repeat home buyers – the highest down payments for first-time home buyers since 1997 and repeat home buyers since 2003. First-time buyers continue to rely on savings (69%); however, 25% used loans or gifts from friends and family, 21% used financial assets and an all-time high of 7% used inheritances. A record 26% of home buyers paid cash for their homes.

The typical age of home sellers reached 63 years, the highest ever recorded. The share of married couples selling their homes was 69%, an increase from 65% last year, marking the first increase in four years. 
For sellers, the most cited reason for selling their home was the desire to move closer to friends and family (23%), followed by home was too small (12%), home was too large (11%) and neighborhood becoming less desirable (10%).

“Family support systems are influencing buying and selling decisions,” said Lautz. “Being close to friends and family is the top reason to sell, while buying a home convenient to friends and family continues to grow in importance. Today’s buyers are less likely to be concerned with their work locations when purchasing, perhaps because of a higher share of older repeat buyers and remote work flexibility remaining a factor.”

Ninety percent of sellers sold with the assistance of a real estate agent, up from 89% last year, and only 6% were for-sale-by-owner sales, an all-time low. Most sellers (87%) said that they would definitely (72%) or probably (15%) recommend their agent for future services.

“Most home buyers and sellers find it valuable to use an agent who is a Realtor® to help them maneuver through the complicated homebuying and selling processes, especially in a challenging housing market,” said NAR President Kevin Sears, broker-associate of Sears Real Estate/Lamacchia Realty in Springfield, Massachusetts. “Realtors® provide critical knowledge and expertise that ensure a successful transaction.”

Methodology

Data gathered in the report is based on primary residence home buyers. In July 2024, NAR mailed out a 127-question survey using a random sample weighted to be representative of sales on a geographic basis to 167,750 recent home buyers. The buyers must have purchased a primary residence home between July 2023 and June 2024. NAR received 5,390 responses from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 3.2%. Per the REALTORS® Confidence Index, 83% of home buyers were primary residence buyers in 2023, which accounts for 4,756,000 homes sold in 2023 (among new and existing homes). Using that calculation, the sample at the 95% confidence level has a confidence interval of plus-or-minus 1%.

About the National Association of Realtors®

The National Association of Realtors® is America’s largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.

“Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission”

Posted in Real Estate News | Leave a comment

Homeowners Insurance Protects You from Halloween Horrors

When zombies, Beetlejuices, and Taylor Swifts storm your front door , don’t fear! Your homeowners insurance can protect you from Halloween mishaps.

A Halloween ready decorated house ready for trick or treaters.
Image: Jennifer Vinson for HouseLogic

Halloween is all fun and games — until your overloaded power strip heats up and causes a fire or a trick-or-treater trips over a fake headstone and sprains an ankle. 

Fortunately, most homeowners insurance and premises liability policies cover these common Halloween home mishaps.

Halloween Home Horrors

  • Tricksters damage your home. Standard homeowners policies cover vandalism, such as eggs thrown at your home that cause dents in your siding, when repair costs exceed your deductible. Experts say vandalism and theft-related insurance claims can climb this time of year, according to WTOP News.
  • Candles, lights, or decorations cause a fire. Most homeowners know the risk of burning candles and avoid using them in jack-o’-lanterns. But your policy will cover a fire started by a Halloween candle or a string of holiday lights. If you can’t live in your home because of fire damage, your homeowners policy policy will pay your living expenses while you wait for repairs.
  • Something on your property injures a trick-or-treater. The homeowner liability portion of your policy usually covers injuries to trick-or-treaters or party guests. The injured person files a claim with your insurer.
  • You crash your car into a telephone pole to avoid hitting a trick-or-treater in your driveway. The collision portion of your auto insurance would cover that accident. If you hurt anyone, the liability portion of your auto insurance would cover the cost of their treatment.

If everything on this list of Halloween home horrors occurred and you have umbrella insurance, that would cover the costs.

To make your property safe for Halloween, the Insurance Information Institute and other sources recommend:

  • Clearing out leaves and brush from your walkways to avoid slippery surfaces and falls.
  • Lighting your home and yard well so trick-or-treaters (and their parents) can see where they’re going.
  • Tying down electrical wires. Certain costumes may lead to tripping, especially if children are wearing masks and aren’t familiar with your property.
  • Keeping handrails and railings secure. Kids and and adults can easily fall while climbing stairs if railings are loose.
  • Separating pets from trick-or-treaters. Your pets may not welcome costumed, unknown visitors.
  • Keeping decorations away from open flames or heat sources. Decorations are extremely flammable. Use battery-operated bulbs, not candles, to illuminate items like jack-o’-lanterns.
  • Parking your vehicle in a safe place like a garage. Auto theft and vandalism increase on Halloween because of personal items left in cars, says Policygenuis.
  • Setting your security systems and motion detectors. Especially if you’re away from home on Halloween, this may discourage vandals and burglars.

Taking some extra precautions will help you keep the Halloween fun going strong.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Leave a comment

Consumer Guide: Offers of Compensation

Real Estate | Cosumnes River College
(getty images)

As a home seller, you have a wide range of choices when deciding how to market your property. This includes whether you’d like to offer—or authorize your agent to offer—compensation to a buyer’s agent as a way to attract potential buyers. Here’s what you need to know as you consider your options related to offering compensation:

What is an offer of compensation and why make one?

An offer of compensation is when you—the seller—or your agent compensate another agent for bringing a buyer to successfully close the transaction. Offers of compensation help reduce out-of-pocket costs for prospective buyers, which in turn may bring more potential buyers for the transaction. These costs can be especially significant for first-time buyers, lower- to middle-income buyers, or those from underserved communities.

Are offers of compensation mandatory?

No. It is up to you to determine if making an offer of compensation is the best approach for selling your property. Agents who are REALTORS® are here to help answer your questions and guide you to make a decision that works for you.

As a seller, does my agent need my permission to offer compensation to a buyer’s agent?

Yes. Your agent can only offer compensation or make a payment to a buyer’s agent if they have your written approval and signoff on the amount.

What types of compensation can I offer?

There are many options available to you as a seller to discuss with your agent. These could include a flat fee paid directly to the buyer’s agent or allowing your agent to share a part of their compensation with the buyer’s agent. Beyond compensation, you could also consider offering a buyer certain concessions, such as covering closing costs, to make the total home purchase more affordable for them.

How will a buyer’s agent know if there is an offer of compensation?

Offers of compensation can be advertised in many ways. If you approve an offer of compensation, it can be shared through common marketing methods such as flyers, signs, brokerage websites, social media posts, or simply through a phone call or email. Offers of compensation cannot be listed on Multiple Listing Services (MLSs), online platforms that compile home listings from many different sources.

Do I have to advertise an offer of compensation if I decide to make one?

No, it’s up to you to decide. Advertising can help get the word out to bring more buyers to the table, but you can also choose not to advertise and instead negotiate the offer in a purchase agreement.

You mention concessions—what does that mean?

A seller concession is different than an offer of compensation. It is when a seller covers certain costs associated with purchasing a home for the buyer. Concessions can make home ownership more accessible for buyers by reducing upfront expenses. These can cover things like some transaction costs or property repairs.

How do I know what option is best for me?

When you work with an agent who is a REALTOR®, you are working with a professional guided by ethical duties under the REALTOR® Code of Ethics, including the pledge to protect and promote the interests of their clients. Your agent will work with you to weigh your options, answer questions, and develop a strategy you are confident in. You can read more about REALTORS’® duty to put client interests above their own here.

Practices may vary based on state and local law. Consult your real estate professional and/or consult an attorney for details about state law where you are purchasing a home. Please visit facts.realtor for more information and resources.

“Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission”

Posted in Real Estate News | Leave a comment

6 Tasks That Every Smart Homeowner Does in October

Updated on Sept. 20, 2024

Why now’s the perfect time to replace appliances.

do this now october image of hay and fall leaves in the background with a cellphone that has a background image of colorful pumpkins and reminders set for fall autumn tasks
Image: Maggie Stuart for HouseLogic

The temps are starting to drop, and the smell of wood smoke is in the air. That’s when veteran homeowners know it’s time to do these six things if they want to avoid trouble or overspending.

#1 Buy Appliances

Brand new dishwasher in a home kitchen
Image: Pierre Desrosiers/Getty

Whisper to them. Do a rain dance. Whatever it takes to get your old appliances to wait until fall to go on the fritz. Manufacturers bring out their latest models during the fall, and store owners offer big sales on appliances they want to move out — like last year’s most popular dishwasher. So September, October, and November are great months to buy.

But October is right in the middle, when there’s still plenty of selection and retailers might be more willing to haggle.

Refrigerators are the exception because new models don’t come out until spring.

Related: What Specific Days Will Get You the Best Deals on Appliances

#2 Switch the Direction of Ceiling Fans

Red ceiling fan with patterned wallpaper
Image: iaobzjls/Getty

Most have a switch to allow the ceiling fan blades to rotate either clockwise or counterclockwise. One way pushes air down to create a nice breeze, and the other sucks air up, helping to distribute the heat. Think counterclockwise when it’s warm and clockwise when it’s cool.

#3 Clean Windows

A bright kitchen with open shelving and wall of windows
Image: Prideaux Design & Alta Constructors, designer/Matt Vacca, photographer

Daylight is about to dwindle so why not get as much of it as you can? Clean off all the bugs, dust, and grime from your windows while the weather is still warm enough to comfortably do the job. For streak-free windows, combine one-quarter cup of white vinegar with one-quarter to one-half teaspoon of eco-friendly dish detergent and two cups of water.

If window cleaning isn’t a DIY job at your home, schedule a professional window cleaner (who, unlike most of us, is able to do it even when temperatures plummet) before the end of the month. The closer it gets to the holidays, the busier they get. Bright sunshine on winter’s arkest days makes the effort totally worthwhile.

#4 Schedule a Heating Unit Checkup

A beige wall with framed thermostat and other paintings
Image: Ellery Designs, www.ellerydesigns.com

To help your family feel their toes all winter, schedule early in the month for your heating unit to be serviced. As temperatures drop, service companies get busier.

Whether you hire your heating company’s technician or a contractor to do it, they’ll clean soot and corrosion from the combustion chamber, replace filters, and check the whole system for leaks, clogs, and damage. Nothing pairs with a pending blizzard better than the assurance that you’ll be weathering the storm with warm air piping through the vents and cocoa in hand.

#5 Disconnect, Drain, and Store Outside Hoses

A drain hose on the side of the house -the kind you want to disconnect before weather gets too cold.
Image: Jennifer Vinson for HouseLogic

In October, you can get so focused on leaf cleanup and shrub trimming that you forget about your outdoor spigot and hoses. When the temperature drops below freezing, the water inside an outdoor hose can quickly freeze, and the outside spigot can even burst, according to Bieg Plumbing & Mechanical in St. Louis.

To remove the nozzle and hose, start by closing your shutoff valves to outside faucets. Squeeze the spray nozzle to release the water pressure; then remove the nozzle. Finally, disconnect the hose, let the water drain, and store the hose, keeping its natural shape, in your garage or basement. You can even find hose hangers starting at about $10 at Amazon or a big box store.”

#6 Insulate Exposed Pipes

A few copper pipes in front of a concrete wall
Image: Emily Plummer (Instagram: @1930s_house_emiliaplum)

If you’ve ever dealt with a burst pipe, you know it’s a sad, wet disaster that’s worth preventing. To avoid the stressful (not to mention, expensive) ordeal, prep your home’s exposed pipes with foam or heat tape, choosing the one that will work best in your climate. Remember, the most at-risk pipes are often those in unheated areas such as an attics, crawl spaces, and garages, so secure those first.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Leave a comment

How to Find the Right Person to Sell Your House

Your guide to hiring the listing agent who can set you up for success.

Finding a Listing Agent Who's Right for You
Image: HouseLogic

Your home is where you’ve lived and loved, laughed and cried, and huddled and snuggled. You’ve been through a lot together.

Now that it’s time to put it on the market, you’re likely feeling some sadness and plenty of anxiety. How often does your future depend on selling your past? If you’re a little overwhelmed, it’s understandable.

But there’s also good news: You don’t have to go it alone. A listing agent has your back when you’re dealing with financials like setting a listing price, as well as marketing, staging, and making repairs. They can also help you navigate more personal issues, such as setting a selling timeline and identifying what you’re hoping to achieve with the sale.  

That’s why it’s important to find an expert who’s right for you and your situation and who can help you get what you want.

Know What a Listing Agent Can Do for You

Before you start interviewing prospective agents, decide what you want to get out of the selling process. With so much money on the table, you need to define your goals so that you can find an agent who will support you in reaching them. It helps to understand what a listing agent does besides selling your most valuable asset.

The listing agent will: 

  • Work with you to price your home
  • Market your home (we’re talking photos, social media promotion, and staging that shows off your home to its best advantage — the works)
  • Negotiate with home buyers
  • Usher the home sale through inspection and closing

Now, let’s break down those steps.

Pricing Your Home

The big question is, How do I set the price? The short answer is lean into your agent to recommend a well-informed and accurate listing price. 

So, how can you tell if an agent — who could be a relative stranger — is choosing the best price for your home? Take these two actions:

  1. Know generally what your property is worth. Research the prices of local comparable properties, or comps. But understand the limits of online property sites. Run your info by your agent for an informed perspective. 
  2. Ask the agent for pricing information on homes they’ve recently sold. Find out the differences between their listing prices and how much the homes ultimately sold for. When you’re evaluating the agent’s pricing history, look for accuracy. Nobody wants their house to languish on the market or to have to keep lowering their price.

Marketing Your Home

The listing agent will also spread the word that your house is on the market. They’ll combine longstanding marketing techniques — like direct mail, signage, and open houses — and current options like social media platforms. Savvy agents will post pics of your house on Instagram, Facebook, Twitter, and any other platform that can get likes plus the attention of other real estate agents who can bring buyers to the table.

Negotiating With Buyers

When offers start pouring in, your agent will negotiate with prospective buyers on not only the sale price but also what contingencies (aka special circumstances) are attached to the contract. As with any negotiation, stress can result from uncertainty and conflicting priorities between you and the other party — in this case, the buyers. You’ll want an agent who will step up for you and who has a negotiation style you’re comfortable with.

Closing the Sale

Once you’ve signed a purchase agreement with a buyer (woo-hoo!), your agent will help you navigate the remaining steps. Those include negotiating post-inspection home repair requests and dealing with last-minute surprises before closing.

The average listing agent can do all of the above. A great listing agent also inspires your confidence that they’re getting the best price for you and representing you and your home in the best possible light. 

Steps to Find a Great Listing Agent

Aim to hire a listing agent six to eight weeks — or more — before the day your house is listed on the market. You’ll be grateful for the cushion, especially if the agent you ultimately hire suggests you make repairs or upgrades to your home before it’s listed. (That wouldn’t be unusual.)

Start With Your Network and Use the Internet

To find prospective agents, start with your network. Ask friends, relatives, neighbors, and colleagues for recommendations. Word-of-mouth endorsements can be priceless.

You can also turn to another friend: the internet. Property websites such as realtor.com® have directories that let you search for agents in your area. These databases can clue you into important details, such as an agent’s years of experience, number of homes sold, and past client reviews.

Eighty-one percent of home sellers contacted only one candidate before picking their listing agent, according to a seller profile report from the National Association of REALTORS®. While that may be the norm, it’s smart to shop around. Interview at least three agents before deciding on the one you want to work with. 

Ask Agents These Questions

During the interviews, ask these questions to help assess whether an agent is the right fit you:

Agent Experience

  • How long have you been in the business? Generally, the more experience an agent has, the more they’re tapped into the local market. 
  • How many homes have you sold in my neighborhood in the past year? An agent doesn’t necessarily have to specialize only in your community, though that would be ideal. You do want someone who has recently sold at least a few homes in your neighborhood and knows the local and hyperlocal inventory.
  • What’s the typical price range of homes you sell? Most agents work across multiple price points, but you don’t want an agent who has never sold a home in your range.
  • What’s your fee? Compensation for your agent is fully negotiable, and if your agent is a REALTOR®, they must abide by the REALTOR® Code of Ethics and have clear and transparent discussions with you about compensation. When finding an agent to work with, ask questions about compensation and discuss what you would like to offer buyers.
  • How will you market my home? The agent should present a comprehensive marketing plan for your listing. This should include strategies for staging your home, taking professional photographs of your home, promoting the listing on social media, marketing to other brokers, and scheduling open houses.
  • How long on average are your listings on market? What is your average sold-to-list price? This can help you suss out whether the agent is a solid marketer and negotiator. The agent can pull statistics from the local multiple listing service, or MLS. 

Agent’s Work Style and Approach

  • Do you work as an agent full-time? As in most professions, work experience doesn’t guarantee skill. That said, much of real estate is learned on the job.
  • Will I be working with you directly or with a team? Some agents lead or work as part of a sales team. The lead listing agent shares client responsibilities with other agents. So, one agent may handle private showings for a listing, and another may host open houses. A benefit is that for the same fee, you get several people working for you. But if you want the sole attention of the listing agent, you may want to stick to a one-on-one arrangement. 
  • Will you provide one-on-one service? Whether you’re working with one agent or a team, ask how responsive they can be to you, your timeline, and your goals.

It’s in your best interest to pick an agent who understands your goals, fits your personality, and can sell your home for top dollar. When you meet someone who can offer all of the above, congratulations! You’ve found your listing agent.

First Thing: Know What You’re Signing Up For

Now that you know what you’re looking for in the right listing agent, make sure you know what you’re committing to when you sign that agent’s “representation agreement.”

Exclusive Right-to-Sell Agreement

When choosing agent representation, you can sign an exclusive agency agreement, which offers one brokerage the exclusive right to sell your property. Under this agreement, you’re giving the agent’s brokerage and the agent the right to sell the home for a mutually agreed-upon time period and compensation. IOW you get peace of mind that you have a dedicated agent; the agent gets peace of mind that you’re using only their services. Other common terms include the agent’s duties to you, such as marketing and a dispute resolution plan.

Alternatively, you can opt for an open listing, which gives multiple agents the chance to sell your home. But when agents know a listing is exclusively theirs, they’re fully invested in selling the property.

Length of Contract

Every contract has an expiration date, but the contract length can vary. Some are three months; others, six months. It depends on what you and the listing agent agree on. If the contract expires before your house is sold, you can list your home with another agent. 

Of course, there’s a chance you might sign an exclusive listing agreement but not be satisfied with the job your agent is doing. Make sure the representation agreement has a cancellation or termination clause that lets you void the contract before the expiration date without any financial penalty.

Understand How a Listing Agent Gets Paid

So, at the end of the day, how do listing agents get compensated for their work? 

When you begin working with a listing agent, you’ll sign a listing agreement. This legal document authorizes the agent’s broker (the person who manages the brokerage and the agent) and the agent to represent you in selling your home. The listing agreement covers the real estate compensation you’ll pay. Payment can be an hourly rate, a flat fee, or a percentage of your home’s sale price. The compensation and the services provided are negotiable.

If you agree to pay a percentage, you might ask your listing broker to offer a concession, or a percentage of their broker’s fee, to the buyer’s broker. This is called a “split” and has been standard practice for years. But your listing broker needs your authorization to make this offer. If you and your listing broker decide on a split, the listing agreement much include that information.

If you forgo a split, you might later decide to offer financial incentives (or concessions) directly to the buyer. This money would be disbursed to them out of the sale proceeds to use as they please. For instance, they could use it to compensate their broker or pay for closing costs. Again, as with your listing agent’s compensation, concessions are fully negotiable and up to you.

So, if you’ve read all of the above guidelines, you’ve done your homework to find a great agent. Now you’re ready to sell that house.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Leave a comment

Your Guide to Negotiating an Offer

What you need to know to get the best deal for you.

Offers: Negotiating With Buyers illustration
Image: HouseLogic

When it comes to evaluating offers for a house, what’s good for the goose isn’t necessarily good for the gander. An offer might generate joy in one seller and disappointment in another.

To figure out whether an offer you receive is “good” — and whether you should negotiate — you’ll need to do two things:

So, what do you, the seller, need to know before you negotiate with a home buyer? We’ve got answers to some commonly asked questions.

  1. Think back to your original goals and ask yourself whether this offer helps you meet them.
  2. Get advice from your agent, who can help you get the best deal for your situation, wants, and needs.

What’s a Counteroffer?

When you receive an offer, you can accept it as is, reject it outright, or make a counteroffer — a move that opens negotiations with the buyer.

Unless you’re being offered an amount equal to or above the full listing price, many buyers expect you to make a counteroffer. That’s why a lot of buyers make an initial offer that’s lower than the asking price — and why their initial offer may be less than what they’re willing to pay.

Got Low-Balled?

Rather than being offended, evaluate the offer objectively. Maybe the closing date trumps the money. If the offer’s really out of touch, your agent can ask the buyers for their reason. That may offer useful intel about your home or relate to the buyers’ budget

What Should a Seller Prioritize?

Before you start negotiating, you’ll want to know what you’re hoping get from the buyer. Obviously, money is important. But it’s not everything. You’ll want to consider other factors, including timing, when crafting a counteroffer.

So, sit down with your agent and discuss your goals. Do you want more money? A faster closing period? Fewer contingencies? When you review these types of questions with your agent before responding to an offer and have a crystal-clear sense of your priorities, the negotiation process will go more smoothly.

Who Has More Leverage?

Ready to play hardball? Hold up, slugger. First, you have to consider your position on the field. How much negotiating power do you really have? The answer depends on several factors.

A lot depends on your local market conditions. If you’re in a buyer’s market, meaning the supply of homes exceeds buyer demand, you may have to make some concessions to secure an offer. If you’re in a seller’s market, homes are flying off the shelves and selling at or above list prices. In that case, you may be able to persuade a buyer to offer more money for the house. Or you could reject some contingencies (aka provisions that must be met for the transaction to go through).

Your timetable will also impact whether you have the upper hand. If you’re not in a rush to sell, you may be free to negotiate more aggressively. But your hand may be tied if you’re in a time crunch because, say, you already bought your next home and don’t want to pay two mortgages at one time.

In any case, confer with your agent. They can help you objectively assess your position and determine the right negotiating strategy.

How Long Can This Go On?

Don’t worry. It might only feel like forever. 

When you make a counteroffer, the buyer can either accept the new offer, reject it, or make a new counteroffer. (Sound familiar?)

This volley can go back and forth and potentially end in a stalemate unless you or the buyer puts an expiration date on your counteroffer. This can be a smart strategy for you as a seller, because it pressures the buyer to make a decision. It also allows you to advance to the next bidder if the buyer tries to stall. (Chances are they’ll do this so they can look at more homes without giving up yours.)

It’s not unusual for the first offer to be the best one, depending on market conditions of course. And often, sellers see the most interest from buyers in the first month the home is on the market. 

If you get a good offer right off the bat, start negotiating. You may get a better offer. On the other hand, you may not.

Lean on Your Real Estate Agent

The actual negotiation is your agent’s job. It’s one they’re suited to because they’re experienced in real estate deal-making. That being said, you should still strategize with your agent before they make that counteroffer for you.

5 Ways to Make a Better Deal

  1. Avoid making an emotional decision. It’s easy to get caught up by the emotional bond you’ve formed with your home. The back yard might be where you got married. And that cozy office could be where you launched your small business. But it’s important to detach yourself from your home in this situation. This is business. Nothing more.
  2. Know your bottom line. Before proceeding, figure out the minimum you need to get from the deal. That will give your agent a baseline when opening negotiations.
  3. Negotiate a “clean” offer. You want an offer with as few contingencies as possible, since they allow the buyer to back out of the deal. But some contingencies — such as an appraisal, an inspection, or a financing contingency — can’t be waived by home buyers who are obtaining mortgages. That’s because a mortgage lender typically requires them in order to approve the loan. Still, if you have multiple offers, you may be able to persuade a buyer to waive certain contingencies, such as a radon contingency or termite inspection contingency.
  4. Offer a home warranty. In a buyer’s market, a low-cost way to make a deal more appealing to a buyer is to offer a home warranty. This is a plan that covers the cost of repairing home appliances and systems, like the air conditioner or hot water heater, if they break down in a certain time period (typically a year after closing). Home buyers appreciate this extra security blanket, and the standard one-year basic home warranty will set you back only about $300 to $600.
  5. Don’t overlook the closing date. Typically, the sale process — from accepting an offer to closing — takes about 30 to 60 days (sometimes a little longer). But in most cases, the faster you can close, the better, especially if you need cash to buy your next home. A quicker closing period has to be feasible for the buyer, however, and some types of home loans take longer to obtain than others.

Should I Start a Bidding War?

If you have more than one offer on the table, you might be tempted to pit buyers against one another and watch them duke it out for your home. But think twice before you do: This strategy can backfire. Buyers may walk away in frustration. 

Rather than starting a bidding war, ask all buyers to come back with their “best and final” offer by a certain deadline (say, within the next 24 hours) and choose the one that’s right for you.

Remember: It’s Good to Give and Receive

At the end of the day, receiving an offer is a good thing! It means you’re getting closer to a sale. But you may have to give a little in the negotiations, too. If you keep yourself from making an emotional decision, you’ll be more likely to get what you want.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Comments Off on

Should You Paint a Brick Fireplace? Exploring the Possibilities

If it’s time for a change, prep, prime, and get creative.

A beautiful, cozy fireplace with natural brick and a wood mantle shows a fireplace that's an option for painting.
Image: Joe Hendrickson

Brick fireplaces are a classic feature of homes, exuding warmth and charm. However, over time, you might find that your once-beloved fireplace has lost some of its luster or doesn’t quite fit current design trends. The good news is that painting your brick fireplace, whether indoors or outdoors, is an affordable and effective solution to breathe new life into it.

In this guide, we’ll dive into painting brick fireplaces, covering everything from the pros and cons, do’s and don’ts, estimated costs, and potential return on investment.

Is Painting a Brick Fireplace a Good Idea? Pros and Cons

Before you pick up a paintbrush, it’s crucial to weigh the pros and cons of painting your brick fireplace. Here’s what to consider:

Pros of Painting Your Brick Fireplace

  • Transforms your space: Painting your fireplace can modernize your space, express your style, and complement your home decor.
  • Conceals imperfections: Fresh paint can hide stains and discoloration in bricks caused by time.
  • Simplifies maintenance: Painted brick is easier to clean and maintain than exposed brick. Painting brick is one way to mask wear and tear.

Cons of Painting Your Brick Fireplace

  • Is difficult to reverse: While removing paint from a brick fireplace is possible, it’s labor-intensive and may require professional tools.
  • Requires regular maintenance: Painted surfaces may require periodic touch-ups, as paint can chip or peel over time.
  • Can damage the brick: Before painting a brick fireplace, it’s essential to properly clean bricks, apply primer, and choose the right paint. If the brick is not in good condition, painting over it can make it worse. For instance, painting bricks in a humid climate may trap moisture inside the brick causing the paint to peel off and the mortar to break down.
  • Requires significant time to preparing brick for painting: Painting brick is not a quick fix. Brick surfaces need to be thoroughly cleaned of dust and soot to prepare them for painting. Once cleaned with a liquid cleaner, brick will need several days to dry properly. Additionally, cracks and mortar issues must be repaired before painting to ensure a good result.

Types of Paint for Brick Fireplaces: Choosing the Right One

A modern fireplace in a contemporary, white-walled room with a TV above the fireplace.
Image: Sinenkiy/getty

Choosing the right products is crucial for a successful fireplace transformation. A stain blocking primer helps prevent future soot stains and helps the paint adhere to the brick. This keeps it looking great for longer. Paint choice is also a key decision when revamping your fireplace. Consider the finish you want and how much maintenance you’re willing to take on, which may also depend on whether it’s an indoor or outdoor fireplace.

Latex Paint

Latex paint is a popular water-based choice for brick fireplaces because it requires little maintenance and is straightforward. It adheres well to brick surfaces, comes in various finishes, and can be used indoors and outdoors.

If your aim is practicality, latex paint is known for its quick drying time and easy cleanup, making it suitable for indoor projects. It also tends to be less expensive than acrylic paint.

Healthwise, latex paint releases less fumes than acrylic paint but requires proper ventilation while painting and drying. Check out this list of standards approved by the Environmental Protection Agency when shopping for interior latex paint.

Acrylic Paint

Acrylic paint is durable and resists chipping, peeling, cracking, and fading. However, it contains harsh chemicals that emit harmful fumes as it dries, so proper ventilation and protective gear are necessary when applying it indoors.

This type of paint is better for exterior brick fireplaces because it can handle temperature fluctuations. It forms a weather-resistant layer that shields the brick from rain and winter conditions. Both acrylic and latex paints offer various finish options, including flat/matte, satin, semi-gloss, and high-gloss.

Chalk Paint

Chalk paint has gained popularity for its matte finish and vintage look. It’s a good choice if you’re aiming for a rustic or shabby-chic look for either an interior or exterior fireplace.

Chalk paint preserves the original fireplace color under a thin, chalk-like layer. This technique eliminates the need for primer.

Heat-Resistant Paint

If you plan on painting the firebox, you’ll need heat-resistant paint. This type of paint can handle temperatures upward of 750 degrees Fahrenheit without degrading, discoloring, or emitting fumes.

Masonry Paint

Specifically designed for brick and masonry surfaces, masonry paint is durable and weather resistant. It’s ideal for outdoor fireplaces or those exposed to moisture and changing weather conditions.

Stain

If you want to retain the natural texture of the brick while changing its color, consider using a brick stain. Staining penetrates the brick’s surface, allowing its texture to show through while altering its hue rather than coating it.

Whitewashing

Whitewashing is a technique that involves diluting the paint with water to create a translucent finish. It’s a best-of-both-worlds option that lets some original brick color show through. It’s also budget-friendly; you can whitewash a brick fireplace for less than $40 for both indoor and outdoor brick fireplaces.

Limewash

Limewash paint is made by mixing water, pigment, and crushed limestone. Known for its clay-like texture, it conveys a nonreflective, vintage look. Limewash paint is low maintenance and will not peel or chip over time. Limewash formulas are nontoxic, environmentally friendly, breathable, and resistant to mold. Luckily, if you’re unhappy with it, limewash is removable for up to five days after application.

How to Paint a Brick Fireplace

Surprisingly, you can paint your brick fireplace over the weekend. Once you’ve chosen the paint for your brick fireplace, you’ll need to follow the specific product instructions.

Here are the usual steps:

  1. Gather your supplies: You’ll need paint, primer, tape, brushes, drop cloths, and cleaning materials.
  2. Clean your brick fireplace: Remove all dust, dirt, and soot, since leftover debris can show through dried paint. This handy guide to cleaning a brick fireplace details a few ways to clean and care the space and materials.
  3. Tape and protect: Use painter’s tape to protect adjacent surfaces. Lay down drop cloths to catch spills.
  4. Apply primer: Priming is vital to proper paint adhesion, depending on your chosen paint. Brick absorbs more paint if not initially primed.
  5. Paint smart: Use a small paintbrush to paint the mortar and a roller for the brick. You’ll need multiple coats depending on your desired finish.
  6. Allow to dry: Let each coat dry completely before applying the next, following the manufacturer’s instructions.
  7. Clean up: Carefully remove painter’s tape and clean up splatters.

Do’s and Don’ts of Painting Your Brick Fireplace

A view of a wrought iron grate in a bare brick, rustic fireplace with chopped logs stacked up to the sides.
Image: John Keeble/getty

As you start your brick-painting journey, remember these tips:

Brick Fireplace Painting Do’s

  • Prepare: Research your paint options, prepare the surface, and choose the best color for your goals.
  • Use high-quality paint: Going with the cheapest option can cost you more in the long run and lead to a DIY gone wrong.
  • Work in sections: Paint small sections at a time for even coverage.

Don’t Make These Brick Fireplace Painting Mistakes

  • Paint damaged brick: Painting over damaged brick can damage it further, causing it to peel and flake, which could make you regret painting your brick.
  • Forget to ventilate: Open doors and windows while painting to disperse fumes and aid in drying. You need ventilation especially if you live with children, pets, or people with respiratory issues.
  • Ignore safety: Use appropriate safety gear, gloves, and goggles when using paint and harsh chemicals.

Estimated Costs and ROI of Brick Fireplaces: Adding Value to Your Home

Let’s break down the estimated costs of painting a brick fireplace and consider your return on investment.

Estimated Costs

The cost of painting a brick fireplace can vary widely depending on factors like the size of the fireplace, the type of paint you use, and your decision about whether to hire a professional. The cost to paint a brick fireplace can be $50 to $200 on a project for a DIYer, with many brick painting kits available online. If you opt for professional services, costs range from $200 to $1,000. This handy calculator will provide a rough estimate of the costs of painting brick in your area.

Return on Investment

In general, a fireplace can add $5,000 to $12,000 to the value of your home, according to FixR. If you don’t have one already, you can add a fireplace to your home for anywhere between a few hundred dollars to tens of thousands of dollars. If you’re considering selling, you could help buyers fall in love — and even sell your home up to 30% faster— with a few minor improvements, like painting the brick fireplace to give it a new look.

Lightening Your Brick Fireplace

Lightening your brick fireplace with a coat of paint, especially in winter, can draw buyers’ attention.

Transforming Your Fireplace: Final Thoughts

Painting your brick fireplace is like giving it a stylish makeover. It’s a chance to refresh your living space, express your style, and enhance your home’s appeal when it’s time to sell.

Before you begin, understand the pros and cons, choose the right paint, and follow the process to achieve a new look. Whether you opt for classic elegance or rustic charm, your fireplace can become a captivating focal point. Grab that paintbrush, get going on this DIY project, and enjoy your beautifully transformed fireplace.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Comments Off on Should You Paint a Brick Fireplace? Exploring the Possibilities

4 Things Proactive Homeowners Do in September

Fall’s cooler temps are perfect for deck and yard improvements.

Cell phone reminder to complete home maintenance tasks on a seasonal background.
Image: Maggie Stuart for HouseLogic

Ah, September. The weather is changing, and we’re getting back to our post-summer routines. It’s also a great time to give the house a little extra love and maintenance.

Stain the Deck

Resealing a deck in September
Image: Mark and Luzy Gunter-Smith
  • Help your deck field what winter throws at it by restaining it this month. September’s cooler temps and lower humidity make it the ideal time for this project.

Check Fire Extinguishers

Illustration of fire
Image: CSA Images/Mod Art Collection/Getty
  • According to the Red Cross, fires increase in the fall and winter. Keep your home fire safe by getting your fire extinguishers checked by a certified professional. Fire extinguishers do break down and malfunction. In fact, after six years they need to be emptied and reloaded. If you haven’t already, buy one for each floor — and the garage.

Spruce Up the Yard

Garden path lined with bushes alive with fall colors
Image: Kate McMillan of Cultiverity, LLC
  • Aerate your lawn, reseed or fertilize it if needed, and plant perennials and shrubs (often on sale now). Your lawn will green up faster after winter, and the shrubs and perennials will have a chance to establish roots before the first freeze.

Inspect Your Home’s Exterior

Black roof on stone brick home with copper gutters
Image: Photo by Merrill Interior Resources, roof by Tile Pro Roofing, Inc.
  • Spending money on roof repairs is no party, but neither is handing out buckets to the family to catch leaks in a winter storm. Inspect your roof — and other big-ticket items, like siding, grading, and gutters — before you’ve got problems. You’ll cut costs by fixing them now and stay dry and warm all winter long.

“Visit Houselogic.com for more articles like this. Reprinted from houselogic.com with permission of the National Association of Realtors®”

Posted in Real Estate News | Comments Off on 4 Things Proactive Homeowners Do in September