Thursday, April 3, 2008

Location Dictates Maintenance Chores

Where a home is located will often dictate some of the home maintenance chores you can expect to perform. A home inspection can help ferret out those chores.

by Broderick Perkins
© 2008 DeadlineNews.Com

Deadline Newsroom - While some maintenance issues, such as poor drainage, leaky roofs and old plumbing are common to all areas of the country, location is a driving factor for many home maintenance issues.

That means where you live will often dictate the maintenance chores you can expect to perform, according to the American Society of Home Inspectors the foremost national trade group on the subject.

"At ASHI, we work closely with our members to identify maintenance issues and track regional defects that plague homeowners," said Brion Grant, 2008 ASHI president.

Region-by-region, based on tens of thousands of ASHI member inspections around the nation, here's where to expect what chores you'll have to consider.

Northeast -- Framing issues are a top concern here, particularly underframing, or the presence of undersized and or over-spaced beams in a home's framing. A prevalence of fire retardant-treated plywood, often in attics, has become an issue in newer homes in this region, especially in town homes. When the plywood reacts to high temperatures it becomes structurally unsound and can crumble, creating a safety hazard for roof inspectors or others walking on the roof.

Older homes' modern heating equipment can cause condensation to form in older chimneys that weren't designed for low-flue gas temperatures. That can cause water stains, efflorescence and deterioration of the chimney.

Southeast -- The heat of the sun can deteriorate materials more quickly than in other parts of the country. Roofs with a 30-year life expectancy may survive only 15 years in the Sunshine State of Florida. Termites thrive here too. Be on the lookout for subterranean cellulose eating insects and flying drywood termites too, especially if your house is 20 years old or older.

Midwest -- Water intrusion is a common issue in the Flood Belt. Likewise expect wood rot in trim and siding. The proliferation of basements also makes the region a hot spot for water and moisture intrusion. Water heaters double as both a furnace and water heater, but plumbers forget to attach venting fixtures or drains when new water heaters are installed. Expect plumbing problems. Incorrectly added decks also show up repeatedly as an area of concern.

Northwest -- Overworked drainage systems, exterior flashing component problems and poor exterior grading makes moisture intrusion a problem in the Northwest. Look for standing water in basements and crawl spaces. Topography and heavy rainfall are also issues. Homeowners who live in houses built on slopes should contact a geotechnical engineer or similar expert to identify potential soil settlement problems.

Southwest -- The desert Southwest has the same hot sun problems experienced in the Southeast. Roofing, vinyl windows and siding take the brunt of the heat. Expansive soils can also create upward structural pressure caused by water build-up under the foundation.

Said Gant, "Many of these issues, if left unexamined, could undermine the condition and possibly compromise the safety of the home and its occupants."

ASHI's report is in line with Quality Built's study of home inspections of homes built by 900 different home builders in 27 states.

In 2005, after the risk management services company gathered the inspection results on nearly 21,000 newly built single-family homes and more than 11,000 newly built multifamily homes, the three most common problems it found were defects in the building envelope (41 percent), which could lead to moisture intrusion and mold; framing and structural elements (34 percent), which can affect a building's integrity during rough weather conditions or earthquakes; and in the plumbing and electrical systems (8 percent).

© 2008 DeadlineNews.Com

Advertise on DeadlineNews.Com

Get news that really hits home for your Web site or blog from DeadlineNews.Com.

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.


DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


Read more!

Give Green Lighting A Go

The next time that light bulb goes on over your head, make sure it isn't an incandescent bulb, turn it off when you are done and recycle it properly.

by Broderick Perkins
© 2008 DeadlineNews.Com

Deadline Newsroom - And you thought green lighting was simply a matter of swapping out old incandescent bulbs for fluorescent lighting.

Boy do you have a lot to learn.

When it comes to saving the planet there's a lot more to brightening your home with cooler, less energy demanding light bulbs.

Just check in at TreeHugger.com.

The upstart media outlet is dedicated to driving sustainability mainstream with news, tips, solutions and product information designed to help put a chill on global warming.

The green light section alone is reason enough to, well, go.

When it comes to lighting the way to a healthier planet, here's what Treehugger teaches.

• Fluorescents have come a long way. Now available as screw-in compact florescent bulbs in a variety of shapes, sizes, even colors they can also produce the same warm hue of light available from less expensive but more energy-draining incandescent bulbs. They last as long as 10,000 hours and use one fourth the energy sucked down by incandescents. They also release less heat and that means more money saved on cooling during warm weather.

• Consider LEDs. Light emitting diodes (LEDs) are the next generation of light efficiency. Right now, they cost more than fluorescents, but try popping some cheaper ones in your night lights or using LED task lighting. Savings from just those two uses will really put a light bulb over your head. IEDs can last 10 times as long and reduce lighting energy consumption by 80 to 90 percent. What's more, they don't blow. They may dim over time but breakage isn't an issue and they never burn completely out.

Whatever bulb you choose, follow your local jurisdiction's instructions for safe disposal. CFLs and fluorescents contain some mercury. Recycle, don't trash them .

• Consider form and function. Treehugger says sustainability in lighting isn't just about bulbs, but also the fixtures they go into. Remember those bottle lamps you made in middle school? You don't have to go that retro, but you can find eco-friendly lamps and fixtures that use natural, recycled or reused materials.

• Wall warts. Treehugger calls "wall warts" those devices attached to lamps, light fixtures and electrical cords that stay warm and draw energy even when the lighting is not being used. Replace them or attach them to power strips you can turn off when not in use. "Smart" power strips know when devices are off.

• Natural lighting. The sun is no-brainer lighting. Make the most of it by day and consider adding skylights, or fiber optics to "pipe in" solar light. The sun cranks out some free heat gain during the day too. Open those blinds and curtains!

Treehugger says for those who burn the candle power at both ends, whenever possible, try some days planned around the cycle of the sun. Work when there's light available. Go to bed when it isn't. It's good for you and the planet. Besides, if you want to soar with the eagles in the morning, you can't hoot with the owls all night.

• Lighten up. Efficient lighting is only as efficient as your habits allow. It should be second nature to turn off lights when not in use. More specifically, Treehugger says to turn off incandescent bulbs even if you leave the room for a few seconds. Turn off CFLs if you leave the room for 3 minutes. Turn off standard fluorescent bulbs if you leave the room for 15 minutes. Motion sensors, timers and dimmers can help you with your behavior.

• Pay extra. Buy green power from your local utility when it's available. You'll pay a few dollars more a month to support renewable energy development.

• DeadlineNews.Com offers more green news that hits home.

• DeadlineNews.Com offers more global warming news that hits home.

© 2008 DeadlineNews.Com

Advertise on DeadlineNews.Com

Get news that really hits home for your Web site or blog from DeadlineNews.Com.

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.


DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


Read more!

California Cold To 'Jumbo Conforming' Loans

So far, jumbo conforming loans have had no greater-affordability effect on the housing hangover. Only more time will tell if cheaper jumbo loans will emerge. See also: "Market Warms To Cheaper Jumbos."

by Broderick Perkins
© 2008 DeadlineNews.Com

Deadline Newsroom - The larger the mortgage, the riskier the loan.

The riskier the loan, the tougher it is for a home buyer to get the mortgage approved.

That's a basic lending rule of thumb and it appears even federal intervention can do little to quickly change that fact.

Months after federal law, Economic Stimulus Act of 2008, temporarily raised the maximum amount on a conventional conforming loan from $417,000 to about $730,000, risk averse lenders have not been convinced to substantially lower interest rates on the larger loans.

The conforming loan adjustment was supposed to generate more affordable interest rates on the larger, so-called "jumbo conforming" loans. The hope was that the larger jumbo conforming loans would have nearly the same interest rates as the old conventional conforming loans.

Then, as the theory went, the lower rate on the larger loans would have encouraged more consumers to buy homes, or enable them to refinance to lower interest rate loans, especially in high-cost regions like California.

That has not happened. Yet.

Instead, in Silicon Valley, for example, the market has generated a new tier of jumbo conforming loan interest rates nearly a full percentage point higher than old conventional conforming loan rates.

But that's because the new jumbo conforming loans are still larger loans and even with federal backing, in today's credit crunched economy, the larger loans pose a risk too great for lower interest rates.

Federal government-sponsored Fannie Mae and Freddie Mac buy conforming loans and repackage them for sale in the secondary market of mutual funds, pension funds and investments around the globe.

But skittish investors demand higher yields (hence higher rates for the larger loans, compared to the smaller loans) because mortgage investments involving smaller loans (largely due to their toxic nature) have already ripped into their returns.

There is fear in the market.

The untested assembly-line production and mass-marketing of subprime and nontraditional mortgages was a disaster for both investors and homeowners. Right now investors simply aren't feeling so lucky about another untested brand of mortgage involving still larger loans.

In addition to higher interest rates than hoped for, the jumbo conforming loans also contain tougher underwriting requirements that demand higher credit scores and stiffer qualifications than conventional conforming loans.

Connie De Groot, a broker associate in Coldwell Banker's top Beverly Hills office, says jumbo conventional loans with lower rates are inevitable, just not over night.

"I don't understand why everyone is expecting things to change overnight. It took years to get to this point," she said.

De Groot says there's also limited demand from the public for a loan product with an unknown track record. The market simply needs time to embrace the new loans.

How much time?

Six months to a year, says De Groot.

"I'm very convinced and hopeful that with time people will understand the new options and take advantage of them and rates will go down," she added.

She suggests home shoppers and those seeking a refinanced mortgage ask about the new jumbo conforming loans as a part of a prudent approach to shopping around for home loans.

© 2008 DeadlineNews.Com

Advertise on DeadlineNews.Com

Get news that really hits home for your Web site or blog from DeadlineNews.Com.

Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.


DeadlineNews.Com's Editorial Content Is Intellectual Property • Unauthorized Use Is A Federal Crime


Read more!