Boost Your Home’s Curb Appeal with the Perfect FenceFences aren’t just for keeping the neighbors out—or the dog in. They play a significant role in shaping your home’s curb appeal, especially when you choose the best fence for curb appeal. Whether you’re looking to impress potential buyers, keep the nosy neighbor at bay, or just add a little extra style to your yard, selecting the right fence can make all the difference. In this comprehensive guide, we’ll explore different fencing options, their benefits, and essential maintenance tips to help you make the right choice for your home.The Best Fences for Curb Appeal: Finding Your Perfect MatchNot all fences are created equal, especially when it comes to boosting your home’s curb appeal. Choosing the right one depends on your goals, style preferences, and, let’s be honest, how much time you actually want to spend maintaining it. Here’s a look at some top fencing options that can help your home stand out in the best possible way.A beautifully crafted wooden fence in a residential backyard, showcasing natural wood grain" data-image-caption="This wooden fence is like the little black dress of your yard—classic, versatile, and always in style!" data-medium-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?fit=300%2C300" data-large-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?fit=656%2C656" tabindex="0" role="button" src="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?resize=656%2C656" alt="A beautifully crafted wooden fence in a residential backyard, showcasing natural wood grain" class="wp-image-574" srcset="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?w=800 800w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?resize=300%2C300 300w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?resize=150%2C150 150w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_c3208049-d1e3-4874-8be3-16cb5cf0185c.jpg?resize=768%2C768 768w" sizes="(max-width: 656px) 100vw, 656px" />This wooden fence is like the little black dress of your yard—classic, versatile, and always in style!Wood FencesWood fences have long been the classic choice. They’re like the little black dress of fencing—timeless and versatile. Whether it’s a traditional picket fence that says “Welcome, neighbor!” or a horizontal slat design that whispers “I’m modern and chic,” wood can suit any style. A wood fence can be one of the best options for curb appeal. Just remember, wood fences are kind of high-maintenance. Think of them as the friend who always needs a ride to the airport; it’s worth it, but only if you’re prepared for regular upkeep like sealing, staining, and inspecting for pests. For tips on enhancing your outdoor space, check out our blog on Landscaping to Increase Your Home Value!.Vinyl FencesVinyl fences are the low-maintenance cousin of wood. They look good, don’t require constant attention, and are resistant to the elements—think of vinyl as your friend who somehow always looks great, even if they just woke up. The upfront cost is higher, but you won’t be spending weekends dealing with rot or peeling paint. It’s a solid choice for homeowners who want the best fence for curb appeal without sacrificing their Saturday afternoons. For more information on vinyl fence options, visit Vinyl Fencing Guide for ideas.Metal FencesMetal fences offer a touch of sophistication that says, “Yes, I have thought about security, but I also want to look classy while doing it.” Wrought iron, aluminum, or steel fences can enhance the curb appeal of any home while adding a layer of security. If you’re going for elegance, metal fences are definitely a win, but be prepared for some maintenance with wrought iron—rust is a real buzzkill. If you’re not up for a paint job every few years, aluminum might be your new best friend. ou can read more about the benefits of metal fencing at This Old House.Chain Link Fences Chain link fences may not scream “luxury,” but with a little creativity, they can still work some magic. Think of it as the functional fence that doesn’t try too hard. Adding some privacy slats, hanging decorative plants, or letting vines do their thing can transform a basic chain link into a backyard feature. It’s like that person who can turn a plain outfit into a fashion statement with the right accessories—it’s all about how you dress it up.Composite Fences Composite fences offer a blend of the natural look of wood with the low-maintenance qualities of vinyl. These fences are like the eco-conscious friend who always brings their own reusable shopping bag. Composite materials resist rot and pests while offering an attractive look, though the higher cost may cause a slight case of sticker shock. The good news? You’ll get your money’s worth with long-term durability and curb appeal that lasts.Enhancing Curb Appeal with FencingChoosing the best fence for curb appeal isn’t just about aesthetics; it’s about making a statement. A well-chosen fence says, “This house is loved,” while a neglected one says, “Don’t worry about the grass growing through the cracks; we’ll get to it someday.” For sellers, curb appeal is key to making a great first impression. If potential buyers are greeted by a stylish, well-maintained fence, they’ll be inclined to think the rest of the property is just as polished. On the flip side, if you’re a buyer, a good-looking fence can help you fall in love with your new home a little faster. Plus, it gives your dog somewhere classy to bark at the mailman.This image features a chain link fence, showcasing its simple yet effective design. While the background is blurry, the fence stands out as a reliable option for homeowners looking for security and visibility. Chain link fences are low-maintenance and versatile, making them a practical choice for gardens, playgrounds, and other outdoor spaces. With a little creativity, you can enhance its aesthetic appeal with plants or decorations, turning a functional barrier into a charming garden feature." data-image-caption="This chain link fence proves that practicality can be stylish! It may not steal the spotlight, but it sure knows how to keep things contained." data-medium-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?fit=300%2C169" data-large-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?fit=656%2C369" tabindex="0" role="button" src="https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=656%2C369" alt="Blurry background behind a chain link fence, highlighting its functional design." class="wp-image-571" srcset="https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=1024%2C576 1024w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=300%2C169 300w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=768%2C432 768w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=1536%2C864 1536w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?resize=2048%2C1152 2048w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?w=1312 1312w, https://img.chime.me/image/fs/chimeblog/20241022/16/original_a4e21efb-32fb-445d-ab4c-4976a2c5b714.jpg?w=1968 1968w" sizes="(max-width: 656px) 100vw, 656px" />This chain link fence proves that practicality can be stylish! It may not steal the spotlight, but it sure knows how to keep things contained.Installation Tips when FencingWhen it comes to installing your fence, planning is everything. Think of it like a road trip—you wouldn’t just start driving and hope for the best (at least, not if you want to end up anywhere worth going). Check local regulations, mark your property lines, and lay out the fence path with stakes and string before you start. This is the kind of preparation that prevents disputes with the neighbors—and trust us, that’s the kind of drama you can live without.If the idea of doing it all yourself feels overwhelming, or if your fencing plans are starting to look like the Great Wall of China, it might be time to call in a professional. A fence that’s installed correctly will not only look better, but it’ll also hold up longer—saving you headaches down the road. For further guidance on the home buying process, check out our post on Buying A Home.Maintaining the Best Fence for Curb AppealLet’s face it, maintenance is the part nobody looks forward to, but it’s what keeps your fence from looking like it’s on the brink of retirement. Here’s how to keep your fence looking good:Wood Fence Maintenance Wood fences may need a little more attention than other options. Think of them like a vintage car—they’re beautiful but require some love. Resealing or staining every few years, inspecting for signs of trouble, and cleaning occasionally will keep your wood fence from looking like it’s seen better days.Vinyl Fence Care Vinyl fences are the opposite—they’re like that friend who’s always ready to go, no matter what. A quick rinse with soap and water once or twice a year is usually enough to keep vinyl looking fresh. Just avoid abrasive cleaners; they’re like kryptonite to vinyl.This stunning wrought iron fence showcases intricate patterns and durability, enhancing the curb appeal of the home it surrounds. Its elegant design not only provides security but also complements various architectural styles. Ideal for homeowners who want to make a statement, this fence blends functionality with beauty, making it a perfect choice for those looking to elevate their outdoor space." data-image-caption="This wrought iron fence adds a touch of sophistication to any property, proving that security can be stylish!" data-medium-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c4df9ce8-1646-4dfb-a43f-8fa8044c374d.jpg?fit=300%2C225" data-large-file="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c4df9ce8-1646-4dfb-a43f-8fa8044c374d.jpg?fit=300%2C225" tabindex="0" role="button" src="https://img.chime.me/image/fs/chimeblog/20241022/16/original_c4df9ce8-1646-4dfb-a43f-8fa8044c374d.jpg?resize=300%2C225" alt="Elegant wrought iron fence with intricate designs" class="wp-image-572"/>This wrought iron fence adds a touch of sophistication to any property, proving that security can be stylish!Metal Fence Maintenance Metal fences (especially wrought iron) may need rust-preventive measures and an occasional touch-up. Aluminum and steel are less needy, but it never hurts to give them a little attention. If you see rust, think of it as your fence’s way of asking for a spa day—sanding, priming, and painting will work wonders.Chain Link Care Chain link fences are low-maintenance, but you’ll want to keep an eye out for rust and give them a wash now and then. If they start to look a bit plain, a little landscaping or decoration can help dress them up, kind of like adding a stylish scarf to an otherwise boring outfit. For more landscaping tips to complement your fence, don’t miss our blog on Dos and Don’ts of Home Trends.Composite Fence Upkeep Composite fences are the set-it-and-forget-it option. Occasional washing with soap and water should do the trick. Just don’t go wild with a pressure washer—save that enthusiasm for cleaning the driveway.Stylish Options for Your BackyardChoosing the best fence for curb appeal means finding the right balance between function, style, and maintenance. Whether you’re going for a rustic wooden look, a polished metal aesthetic, or a practical yet stylish vinyl setup, the right fence can make your home the talk of the neighborhood. A beautiful fence doesn’t just keep the dog in—it keeps your home looking its best.Remember, a great fence isn’t just a boundary line; it’s a statement. And when it’s done right, that statement is “This house is worth it.” So go ahead, pick your fence, make it fabulous, and enjoy the extra curb appeal—you’ve earned it.The post Choosing the Best Fence for Curb Appeal appeared first on JNJ Dream Team.

Brightline train traveling through Central Florida" data-image-caption="Central Florida Real Estate and Mass Transit" data-medium-file="https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?fit=300%2C300" data-large-file="https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?fit=656%2C656" tabindex="0" role="button" src="https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?resize=656%2C656" alt="Mass transit and real estate growth in Central Florida - Brightline train traveling through Central Florida" class="wp-image-559" srcset="https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?w=1024 1024w, https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?resize=300%2C300 300w, https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?resize=150%2C150 150w, https://i0.wp.com/blog.desimone-dream-homes.com/wp-content/uploads/2024/09/DALL·E-2024-09-30-14.29.05-An-aerial-view-of-a-Brightline-train-traveling-through-Central-Florida-showcasing-the-scenic-landscape-with-green-spaces-and-urban-development-in-the.webp?resize=768%2C768 768w" sizes="(max-width: 656px) 100vw, 656px" />Central Florida Real Estate and Mass TransitCentral Florida is undergoing a massive transformation, thanks to significant mass transit projects like Brightline and SunRail. As these modern rail systems expand and connect the region, they’re not only improving transportation but also reshaping the real estate market. Whether you’re a homebuyer, investor, or simply curious about the future of property values, understanding the link between mass transit and real estate is crucial in today’s Central Florida market.Mass Transit: A Game-Changer for Central FloridaMass transit has always driven urban development, and Central Florida is no exception. The expansion of Brightline and SunRail is drawing more people to areas with easy access to transportation. These projects reduce commute times, ease traffic congestion, and provide affordable, eco-friendly alternatives to driving. Consequently, regions near these stations are becoming increasingly attractive to homebuyers and real estate investors.Brightline connects Miami to West Palm Beach and extends to Orlando, opening new real estate opportunities. Similarly, SunRail’s expanding routes connect cities like DeBary, Winter Park, and Orlando, bringing more people into Central Florida’s real estate market.The Impact on Property ValuesAreas near mass transit stations often see a rise in property values. As convenience becomes more desirable, homes near transportation hubs become prime real estate. This trend, known as transit-oriented development (TOD), fosters communities where residents enjoy walkable access to trains and amenities.AIndustry studies show that home prices near rail stations in Central Florida increased by up to 15% in the past five years. With new stations planned for SunRail and Brightline, this trend is expected to continue. As these services expand, expect areas such as Meadow Woods, Kissimmee, and parts of Orlando to see property appreciation and increased buyer interest. If you’re considering buying a home, check out our post on buying a home for more insights.Real Estate Investment OpportunitiesFor investors, the expansion of mass transit in Central Florida presents unique opportunities. Homes and commercial properties near SunRail and Brightline stations hold excellent long-term value potential due to increased demand.Renters are increasingly seeking properties with easy access to mass transit. Surveys reveal that millennials and Gen Z buyers prioritize proximity to public transportation. This trend will likely continue driving demand for properties near transit systems. Investors targeting residential rental properties should focus on areas within a 1-2 mile radius of these stations for the best returns You might also want to explore our tips on landscaping to increase your home value to attract renters.Additionally, commercial real estate near these hubs is booming. With more foot traffic from commuters, small businesses such as cafes, retail shops, and coworking spaces are thriving, driving demand for both commercial and mixed-use real estate.Millennials and Mass TransitFuture Developments: What to Watch ForCentral Florida is not stopping at current expansions. The Sunshine Corridor, a proposed link between SunRail and Brightline, aims to connect major hubs like Orlando International Airport, the Orange County Convention Center, and Walt Disney World. These developments will drastically improve access across Central Florida, further boosting real estate demand in surrounding areas.As this transportation network grows, now is the time to consider how mass transit developments will influence Central Florida real estate. Staying ahead of these trends enables buyers and investors to make informed decisions, ensuring they fully leverage the benefits of mass transit.Key Areas to Watch for Real Estate GrowthIf you’re looking to capitalize on the growing influence of mass transit in Central Florida, here are a few key areas to watch:Kissimmee: With SunRail’s southern extension, Kissimmee is seeing increased demand for both residential and commercial properties.Meadow Woods: Located near Orlando, this area is benefiting from SunRail expansions, offering suburban living with easy city access.Downtown Orlando: As both Brightline and SunRail continue to serve the city, Downtown Orlando remains a hub of growth for businesses, investors, and homebuyers alike.By focusing on these areas, buyers and investors can position themselves to take advantage of future price increases and development opportunities.Mass transit projects like Brightline and SunRail are transforming the real estate landscape in Central Florida. As these transit systems expand, they drive property values up, create new opportunities for investors, and make communities more accessible. Whether you’re looking to buy a home, invest in rental properties, or understand how these trends affect your property, knowing the relationship between mass transit and real estate will be crucial in the coming years.Central Florida is growing, and so are the opportunities for savvy real estate decisions. Keep an eye on areas near transit stations, and you’ll be well-positioned to benefit from these exciting developments.At the JNJ Dream Team, we specialize in navigating these evolving real estate opportunities. Whether you’re buying, selling, or investing, our expertise can help you make informed decisions. Explore our latest listings and real estate services at www.jnjdreamteam.com, and let our team guide you through the vibrant Central Florida market.The post Mass Transit and Real Estate in Central Florida: A Transformation appeared first on JNJ Dream Team.

Here is our long-awaited follow-up to our previous article! Once you decide to install a pool, selecting the right type of pool system is crucial. The choice impacts both your swimming experience and maintenance efforts. Many homeowners opt for traditional chlorine systems, but other types of pool systems offer unique benefits. These include saltwater, mineral, and natural pool systems. Each type of pool system has its own set of advantages and disadvantages. Understanding these can help you make an informed choice. Let’s explore each option in detail.Chlorine Pool SystemsChlorine pool systems are popular due to their affordability and effectiveness. They typically include a chlorinator, a pump, and a filter. Chlorine systems are effective in killing bacteria and algae, ensuring clean and safe swimming. Various options are available, from basic to more sophisticated systems that enhance energy efficiency and reduce electric bills.However, chlorine systems have drawbacks. They can cause skin and eye irritation, especially for those with sensitive skin. Chlorine’s strong nature can also lead to the discoloration of swimsuits, pool toys, and floats. Some people find the chlorine odor unpleasant. Moreover, careful storage and handling of chlorine are necessary due to its hazardous nature.Mineral Pool SystemsMineral pool systems offer a natural alternative. They use minerals like magnesium, potassium, and sodium to maintain water quality. These pools rely on electrolysis to convert minerals into small amounts of chlorine. Although mineral pools still use chlorine, the concentration is much lower. This results in softer water, which is gentler on the skin and eyes. The minerals also create a pleasant, silky swimming experience.Initial setup costs for mineral pool systems are generally higher than for traditional chlorine systems. Ongoing maintenance costs may be lower depending on your region. Availability of minerals might be an issue in some areas. There’s also a potential for mineral scaling and corrosion, which requires regular monitoring. Despite these challenges, many prefer mineral pools for their ability to inhibit algae growth, which reduces maintenance efforts.Saltwater Pool SystemsSaltwater pool systems combine the benefits of traditional chlorine and mineral pools. They use a salt chlorine generator to produce chlorine from salt through electrolysis. A key component, the salt cell, ensures a consistent release of chlorine, keeping the water clean with minimal maintenance. Saltwater pools provide a softer, silkier swimming experience, which feels gentle on the skin and eyes. The automated chlorination process also reduces the need for manual chemical handling, making it more eco-friendly.However, the initial setup cost for saltwater systems is higher than for other chlorinated pools. Increased electricity usage due to additional equipment might raise utility bills. The salt cell requires regular cleaning and maintenance and typically needs replacement every 3 to 7 years. Despite these costs, many find saltwater systems cost-effective in the long term due to the low price of salt.Natural Pool SystemsNatural pool systems, or natural swimming pools (NSP), offer an eco-friendly and chemical-free option. They use biological processes to maintain water quality. A natural pool consists of two distinct areas: the swimming zone and the regeneration zone. The swimming zone is deep and free of plants, while the regeneration zone is surrounded by aquatic plants, gravel, and other natural filtration media. Water circulates between these zones, where beneficial bacteria, microorganisms, and plants break down organic matter and absorb contaminants.Natural pools are known for their environmental benefits and aesthetic appeal. They provide a serene swimming experience in a chemical-free environment. However, building a natural pool can be significantly more expensive, often exceeding $100,000. They require more space and may be challenging to integrate into smaller properties. Temperature control is also a concern, as natural systems rely on the ecosystem rather than artificial methods. Although maintenance is chemical-free, regular upkeep is essential to keep the ecosystem functioning effectively.Conclusion: Choosing the Right Pool SystemWhen selecting from the different types of pool systems, consider your specific needs, desires, and local conditions. Think about the availability of chemicals or materials, storage space, and how weather conditions might impact scaling and corrosion. Each type of pool system has its advantages and drawbacks. Understanding these will help you make an informed decision that aligns with your preferences. Ultimately, the best pool system for you will depend on your unique circumstances and priorities. Which type of pool system will you choose for your home?Contact us with your questions!The post Types of Pool Systems: Swimming 102 appeared first on JNJ Dream Team.

Swimming Pools 101If you read our last article, you know a swimming pool can add home value. Did you know, 92% of people with swimming pools installed reported a greater desire to stay at home once completed? In addition, roughly 80% of Florida homes feature a pool. With numbers like those, we thought it important to get some basic swimming pool information out there. Types of Swimming Pools While the most common pool is a concrete pool, there are actually a number of ways to build a swimming pool. Choosing between the style of pool, the material of the pool itself, and whether you want to use a salt or chlorine system, make a pool project a rather large endeavor. Inground PoolsFiberglass Pools: Built off site and delivered to your home, the surface has a gel coat, making the surface virtually non-porous. This means a fiberglass pool will not have the same water chemistry/ algae growth issues a concrete pool has. When compared to a concrete pool, you will spend roughly 75% less time and money on a fiberglass pool, according to River Pools and Spa. These pools are incredibly durable, lasting 30 years without resurfacing. They are also easy to maintain and are compatible with salt systems. Not to mention the speedy installation, taking just weeks to install versus the months a concrete pool will take to construct. The biggest downside to fiberglass pools is they are not customizable in size and shape. So while getting a kidney shaped fiberglass pool or a 10 foot depth is not possible, the pool itself can feature customized colored finishes, ceramic tile, tanning ledges, water features, water lights, and more. Concrete (or Gunite) Pools: The most common type of pool because concrete pools are customizable in size and shape. They also have the highest initial cost as well as the highest cost of ownership of all the types we will discuss. This actually makes concrete pools the most expensive and the most desired. Made with concrete pools and reinforced with steel, they are incredibly durable. However, the concrete is porous, and algae sticks/ imbeds easily in it. This translates to more chemical costs as well as more time simply cleaning the pool. Paying for a pool cleaning service is usually recommended for these types of pools. They will not only keep the pool clean but also make sure the water chemistry stays balanced. While you can use a salt system with a concrete pool, the salt could erode the concrete making maintenance more expensive. Concrete pools have the highest cost of ownership of all pool types mentioned. They require an acid wash every 3 to 5 years and refinished every 10 to 15 years. This, in addition to chemical/service cost, and an estimate higher usage of electricity. Vinyl Pools: The vinyl lined pool has the lowest initial cost for an inground pool. It is completely customizable in size and shape, which allows for your creativity to shine. The liner is non-porous, making it easy to keep clean and the water balanced. However, there are areas, behind lights for example, where the water does not circulate and algae can grow. The liners themselves need replaced every 5 to 9 years, making this type of pool more difficult to maintain than a fiberglass pool but less than a concrete one. Vinyl pools are compatible with salt systems however, make sure the side walls are plastic, not metal. The water/salt will erode when the liner leaks, which it will do.Swimming Pools 101 – TypesAbove Ground PoolsThe most economical option for the pool owner is the above ground pool. Above ground pools, as they state, sit above ground in your yard. Sometimes they feature a deck or patio around the pool. The construction of these pools include aluminum, steel, or resin, and vinyl liners. Sometimes referenced as a DIY pool, it can be purchased at the local pool store and constructed at home. One of it greatest appeals is that it can be disassembled and taken if you move. While the pool can last between 10-20 years, the liner will need to be replaced every 5 years. Above ground pools can also be made into semi inground pools, partially burying the pool bridging the gap between the top of the pool and the ground. These pools are also compatible with salt systems, just remember to be diligent with leaks if your framework is metal. Stay TunedChoosing the best option for you may take some research. As you get into deck and patio options, the project becomes even larger. However, there is no shortage of companies to interview to help determine the best option for your future plans. We always recommend calling at least 3 companies, no matter the service provided. Stay tuned for our next article explaining specialty pools and the difference between a salt and chlorine system!Swimming Pools 101 – TypesSources:https://www.riverpoolsandspas.com/fiberglass-vs-concrete-vs-vinyl-liner-inground-poolsThe post Swimming Pools 101 – Types/Materials appeared first on JNJ Dream Team.

Landscaping to Increase Your Home ValueEvery Little Bit CountsNot many people realize that landscaping and various outdoor projects can add value to your property. Home values are determined by comparing homes, their features, and their condition. So when it comes to attempting to get the most for your property, small upgrades and basic maintenance can make a big difference. Some features add value by aesthetically appealing to buyers while others add value by maintaining an ideal condition. The  2018 Modeling Impact Report: Outdoor Features by the National Association of Realtors estimated that basic lawn care service would recover 267% of the cost of investment. A pool, on the other hand, is only estimated to recover 43% of your investment, yet pool homes are quick to sell in Florida. Both the pool and lawn care service will bring more buyers to your home, however, the lawn care service provides a greater return on investment. Landscaping Projects to ConsiderLawn Service – As mentioned above, paying for regular lawn service is one of the single most beneficial things you can do for your home value. Keeping the lawn maintained shows potential buyers you are keeping up with your home. It also increases curb appeal, this gets more people into your home. More showings equal more offers. Trees – Florida Realtors reports planting trees can add up to 15% to home value. They can also help reduce heating and cooling costs. Just make sure to think ahead when you plant. Consider the position of the septic tank, well, sidewalks/ driveway, pool, or even roof. If a buyer perceives a future problem due to the location of the tree, it will harm, not help the sale. Well-placed trees will only add value as they age – mature trees are more desirable! Some Florida trees recommended are:Live OakCrape MyrtleMapleMagnoliaCitrusLoquatMahoganySlash PineBananaMulch – Probably the easiest project for any homeowners to complete, laying mulch goes hand in hand with maintaining your lawn. In addition to adding to your curb appeal, mulch improves the soil, helps prevent weeds, and conserves moisture. Fresh mulch has reported a 126% return on investment. Landscaping to Increase Home ValueAdditional Projects to ConsiderThere are some outdoor projects that are a bit more in-depth than the ones previously mentioned yet all of them will add value monetarily and aesthetically. Fire Pit – This trend has become increasingly popular since the Pandemic. Which makes sense, with all of us stuck at home. According to the 2018 Remodeling Report, a fire feature could return 67% return on investment. This depends on the size and materials used with DIY fire pits reporting a higher return on investment than professionally constructed, gas fire pits. Fencing – While there has always been a large number of buyers looking for homes with fencing, since the pandemic, having that privacy has become even more important. Whether it’s about having private space for the pets, the kids, or quite simply for safety/ privacy, fencing can be a great project to undertake. The return on investment for a fence is between 50-70%, depending on the materials used. Materials with higher maintenance will have a lower return on investment. With that being said, a fence will make your home more appealing than similar houses without that feature. In this market that can translate to additional offers on your home. Landscape Lighting/ Landscape Design – While landscape lighting on its own reports to only return 50% on investment, when paired with landscape design it can raise your home value by 20%! While any addition of landscape lighting will increase value as it adds a level of security, the real benefit is in pairing design and lighting. The idea is to highlight the house and landscape while providing security. Landscape lighting illuminates your yard, silhouettes your trees, keeps everyone safe from tripping, and deters burglars. Just make sure to check out LED and solar options to keep maintenance costs low. Irrigation System – With low maintenance being a theme this year, it’s not surprising adding an automated irrigation system can return 86% on investment. Homeowners/ buyers want that beautiful yard but don’t want to spend a bunch of time maintaining it. Landscaping to Increase Your Home ValueMaking An ImpressionWhether you are looking to sell your home soon or not, your yard and the front of your house are reflections of you. Always put your best foot forward. Remember to consider maintenance and care as well as your return on investment before any home updates. Talk to your Real Estate Agent or check local listings to see what the market is like in your area. While we always want to be improving, it’s wise to know when you are simply improving or actually over-improving based on your area. Sources:https://www.bhg.com/gardening/landscaping-projects/landscaping-projects-that-add-value-to-your-home/https://www.lawnstarter.com/blog/studies/home-value-lawn-landscape-increase-decrease/https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact-report-outdoor-featureshttps://3xlsey17pnzh3nf35w1wwnug-wpengine.netdna-ssl.com/wp-content/uploads/2019/06/real-estate-top-agent-insights-q2-2019.pdfThe post Landscaping to Increase Your Home Value! appeared first on JNJ Dream Team.

Wood Alternatives – Getting Around Lumber PricesNo matter the size of your project, the cost of lumber will affect your plans. Though not quite as high as early in the pandemic, buying lumber still isn’t exactly a cheap endeavor. Yet, there may be a bright side to all of this. The high cost is highlighting the fact that there are wood alternatives as ways of getting around lumber prices. This doesn’t mean that you can completely avoid the use of wood in every project, of course. Some projects work better with alternative materials than others. Still, the fact there are options out there might help you to think outside of the box and find some cheaper (and in some cases better) options for your next construction project.Non-Lumber Construction MaterialsLumber is the most well-known material used for building out projects, yet isn’t the only option out there. When framing rooms or buildings, ICFs (Insulated Concrete Forms), SIPs (Structural Insulated Panels), and CFS (Cold Formed Steel) are becoming increasingly popular. When it comes to outdoor projects, Cellular PVC, Composites, and Fiber Cement are a few wood alternatives to consider. Other wood alternatives such as hemp, bamboo, and cork are also worth considering depending on the project. Large Projects – Framing / BuildingCFS (Cold-Formed Steel) – Steel members are made through a no-heat process. CFS is lightweight, extremely strong, and non-combustible. It doesn’t shrink or split, won’t absorb moisture, and is resistant to warping, termites, and fire. Commonly used for student dorms, hotels, or assisted living facilities, CFS members can be made to a variety of thicknesses for structural and non-structural applications. CFS can help to reduce certain project costs through discounts on builder’s risk and other insurance requirements. Each piece of CFS is made of at least 25% recycled content and is 100% recyclable at the end of its lifespan. This makes it a highly sustainable building material. ICF (Insulated Concrete Forms) – ICFs are interlocking styrofoam blocks concrete is poured into. These blocks can stack and interlock to create walls, ceilings, roofs, or pool walls. This alternative to wood framing is light, simple, easy to work with, and helps to keep the home insulated. These blocks are moisture-resistant and non-absorbent as well as resistant to rot and mold. Homes made with ICFs are flame retardant and can withstand 250mph winds. With rising lumber prices, ICFs are now a comparable option to wood frame construction. The benefits of ICFs also include lower insurance premiums. SIP (Structural Insulated Panels) – Panels of an insulating foam core sandwiched between 2 structural facings such as plywood or oriented strand board (OSB). Used mostly in residential and light commercial projects, it is extremely strong and energy-efficient. Since the panels are manufactured under factory-controlled conditions, they can be fabricated to nearly any build design. This also contributes to a faster build time. While the initial cost can be more than lumber, the energy efficiency far surpasses wood framing. Outdoor Projects Cellular PVC – Used for decking, trim, and siding, Cellular PVC is 100% recyclable and made from plastic. It won’t rot or warp, is paintable, and is insect-proof. It looks and cuts like wood which makes it easy to work with. While this option is more expensive than composites and wood, its low maintenance and longevity make it a smarter option. Composites – A mixture of materials, such as plastic and wood and made to handle extreme weather. Made for non-structural projects, they are great for decking, flooring, or fencing. Composites have similar longevity and low maintenance as Cellular PVC but are not as expensive. Fiber Cement – Also a composite, a mixture of cement, cellulose fiber, and sand. You can use fiber cement for a variety of projects such as decking or siding. It is more weather resistant than wood and incredibly durable. It also resists cracking, splitting, rotting, swelling, and does not expand or contract.While each of these options has a higher initial cost, they all have low maintenance features that make them worth looking into. There is no reason to worry about issues like rot, swelling, mold, or bugs. Not to mention no yearly staining, waterproofing, or sealing! Minimizing Wood in Your ProjectsEven with a variety of options, you may still need/want to use some wood in your construction projects. You may simply prefer the look of wood, or have a specific idea in mind that requires wood. This doesn’t mean that you have to commit to wood for the entire project. You can use alternative materials in places where they aren’t visible or won’t affect the project in substantial ways. Bamboo, hemp, and cork are sustainable wood alternatives great for minimizing wood in your smaller projects. Bamboo – Technically a grass, it takes 3-5 years for bamboo to reach harvestable size. Since it regrows when cut, the same plant can regrow repeatedly. Bamboo is extremely strong and durable. Hemp – Highly sustainable as it grows fast. One acre yields more construction-grade fiber than wood and is used in composite lumber. It also has more strength than wood. Cork – More sustainable than wood since made from the bark which regrows more quickly. Cork can be used for flooring or even wall coverings and is naturally insulating as well as dampens sounds. It is also fire-resistant, hypoallergenic, and microbial. It doesn’t last as long as other options though and certain types can warp from water exposure or humidity. With many wood alternatives to getting around lumber prices that last longer with potentially lower maintenance, it’s important to research your options. While wood may be your cheapest option up-front, the cost/energy to maintain could make it the more expensive option. So whether you choose to plan your next projects with all wood alternatives or choose to only minimize your wood, make sure you choose the option best in the long run!Sources:https://buildsteel.org/why-steel/cold-formed-steel-101/what-is-cold-formed-steel-framing-and-how-can-i-use-it/https://blog.homekeepr.com/wood-isnt-your-only-option-building-materials-outside-the-boxhttps://www.globalpropertysystems.com/10-wood-alternatives-for-your-next-building-project/https://newhousebuilder.com/insulated-concrete-forms/https://www.sips.org/what-are-sipshttps://www.familyhandyman.com/list/which-wood-substitute-works-best/The post Wood Alternatives – Getting Around Lumber Prices appeared first on JNJ Dream Team.

Dos and Don’ts of Home TrendsUnderstanding the dos and don’ts of home trends can be useful whether you’re looking to sell your home soon or simply revamp your space. There are a number of trends in home decoration that you’ve likely seen come and go over the years. Some of them look pretty nice and create something of a timeless look, while others… well, it’s pretty easy to understand why they’re only temporary trends. Like them or hate them, though, following home trends can sometimes have a positive impact on the value of your home if you’re looking to sell. That is, of course, if you strike while the iron is hot. But what if you’re not actually looking to sell at the moment and just like the way that a trend looks? Will going all-in on some big trend hurt your home’s value down the line if you do decide to sell later? This could be a legitimate concern depending on the trend. After all, even if you’re on the market and don’t manage to sell right away, you could find that going too far with certain trends will bite you before you find a buyer.Home Trend DosThere isn’t necessarily anything wrong with following home trends, either to bump up the value of your home in the current market or just because you like the look of them. If you’re thinking of making some changes around the house because of a current trend, here are a few things to think about:Evaluate the cost of a trend before jumping all in; some are surprisingly cost-effective, while others will give you a bit of sticker shockKeep an eye on trending paint colors and the “hot colors” that paint manufacturers announce every year to stay ahead of color trends, so that your home can stay trendy without you having to pay a premium for trendy colorsPick and choose the trends you want to follow, and take only the parts that you like if you’re not committed to the entirety of a trendDon’t be afraid to make some changes and upgrades in trendy styles, but don’t go overboard with it. This is especially true if you’re just looking to make some trendy home improvements before you sell your home.Home Trend Don’tsSome trends can really bring up the value of your home if you catch them at the peak of their popularity, but if you aren’t that lucky, then they can cost you money in the end. These are the trends that you should avoid unless you really like them. Here are a few things to look out for when considering home trends:Avoid trends that require major structural changes or construction merely for aesthetic purposesThe overuse of bright, bold colors occasionally comes into fashion but will almost certainly go out just as quicklyUnless it’s just a minor expense, stay away from trends that you just don’t “get” because there’s a decent chance that you’ll implement it incorrectly or miss the height of its popularity and not even realize itEven if it’s popular, watch out for trends that will be difficult for future homeowners to undo; potential buyers might see your trendy changes and start wondering how much it will cost to change them, and that could potentially spoil the saleBasically, trends can be fun. Think twice about them though if they’re going to be too expensive, create too many headaches for future homeowners, or are likely to come across as garish or ugly. Current Home Trends Whether you are looking to update your home to sell or for yourself, it can be useful to know what the current trends are as well as understand the dos and don’ts of home trends. The top trends include:Nature-inspired interiors – Will been seen in earthy color tones, plants inside the home, and an appeal for more natural materials (like wood)Minimalism/Multifunctional Space – Trimming the clutter down, creating custom organization in the kitchen, and having multifunctional spaces are the new big thing!Eco-friendly/Sustainability – Upgrading to green or eco-friendly optionsHomework Rooms – Rooms for the little ones to focus and work, separate from their play area.The consensus around color for 2022 is, any color that makes us feel “healthy, serene, and centered”. These natural tones consist of earthy blues, greens, and browns. Other top trends include 3D wall art, 70s design and colors, and curved shapes. Cashing In on Home TrendsIf you do want to make some home improvements or other changes to follow certain trends, it’s important that you find the right pro for the job. Whether you need an interior designer, a painter, or even a plumber to help you follow a new fountain trend, you want to feel confident about the professional you hire. As always, we recommend calling at least 3 professionals per industry before hiring one. If you have any questions, feel free to reach out to us!Current trends were compiled from the following articles:https://www.hgtv.com/shopping/news-and-trends/trend-forecast-2022-colors-and-palettes-of-the-year–pictureshttps://www.vogue.com/article/interior-design-trends-2022https://food52.com/blog/27019-2022-kitchen-trendshttps://www.hgtv.com/design/decorating/design-101/2022-design-trends-from-interior-designers-pictures**Adapted and revised from Homekeepr.com The post Dos and Don’ts of Home Trends appeared first on JNJ Dream Team.

Should I Skip a Home Inspection?When buying a new home, there’s a lot more that goes into the process than just signing some forms and picking up the keys. One of the big steps that you’ll typically take is getting a home inspection. The home inspection will identify any potential issues with the property. While lenders will generally insist on an appraisal of the home, this isn’t a full inspection. So does that mean you can skip getting an actual home inspection as a part of the home-buying process?Technically, yes. Unless you live in an area where home inspections are legally required, you do not have to get a home inspection before purchase. Should you skip a home inspection? Absolutely not. Having your home inspected serves a much greater purpose than just determining its value, and waiving the option to get an inspection done before purchase could set you up for a lot of trouble (and out-of-pocket expense) down the road.What is a Home Inspection?Unlike an appraisal, which just examines a home to determine its value, a home inspection digs deeper. A home inspection actually looks into the condition of the home and its components. The exact coverage of the inspection can change depending on the area, the type of home inspected, and the scope of the inspection performed. However, the Inspector’s goal is to determine the condition of the house. This will ensure that the home is livable. It will also serve to highlight any repairs to the property that might be necessary.At the end of the inspection, the inspector will present (or email) a report. Your inspection report will likely include items such as the condition of the roof, the windows, its plumbing and wiring, and other key issues with the property. This report will help you to make decisions about the house and can help you to budget any necessary repairs or upgrades when finalizing the amount of your home loan as well.Why You Need an InspectionThere are a few reasons why you’ll want to be sure to get a home inspection. The biggest is to make sure that the home is actually in the condition that you think it is before buying it. This allows you to avoid getting into the home and then immediately sinking tons of money into repairs after the fact. The home inspection can also help you to prioritize repair and upgrade plans, highlighting the areas that you need to focus on first. By getting a home inspection, you should be able to avoid a lot of the surprises that can sometimes come with a new home.It’s important to note that some sellers might push for you to waive the home inspection process or at least limit it in scope. This doesn’t necessarily mean that they have something to hide; in many cases, this occurs when the seller is also looking to buy another property and is waiting on the property that they’re selling to close. Home inspections may take a little time to schedule and complete, which can slow down closing. Still, the importance of a home inspection is great enough that you shouldn’t waive your inspection even if the seller wants you to do so.Getting Your Home InspectionJust like any situation that needs an outside vendor, we always recommend calling at least 3 home inspectors. Not only do you want the Inspector that can do the job the quickest for the best price but you also want to feel good about the inspector you choose. This only happens when you interview a few different inspectors. If you need recommendations, give us a call!**Adapted & revised from HomekeeprThe post Should I Skip a Home Inspection? appeared first on JNJ Dream Team.

Things to Consider When Adding On to Your HomeThings to Consider When Adding On to Your HomeThere are plenty of things to consider when adding on to your home. Additions can be a good way to get more functionality out of your home. Your addition might be an extra bedroom for your expanding family, a home office to provide you with a space to work from home, or even a sunroom or hobby area. Your add-on might even be a way to add more space to existing rooms. Perhaps it’s removing or extending walls to let your current kitchen, bedroom, or other area flow seamlessly into your new addition. There are just so many possibilities. Regardless of what you plan to use the room for, though, adding on to your house is a big undertaking and may be kind of a big investment as well. Even relatively small additions can be a big project, so it’s important that you know exactly what your plans will entail before you start work on expanding your home. To help with this, here are a few things to consider when making plans to add on to your home.Planning the ExpansionThough you may have a good idea of where you want your addition to go, it’s important to spend some time actually planning it out. Consider details such as where the property line is located, whether there are any size or location restrictions based on state and local building codes, and whether there will be issues with the location of utilities or the slope of your property that could cause problems. Taking the time to rule out potential problems with your addition now will save you a lot of headaches down the road.Another thing to keep in mind is how well your add-on will combine with your existing home. While you obviously have a good reason to want more square footage, if you just have an added room tacked awkwardly onto your home, it can significantly impact your home’s overall value. A good addition will blend seamlessly into the existing home. It will match the exterior and make it difficult to tell that an add-on was made down the road.Cost and InvestmentDepending on the sort of addition you want to make, your budget can fall within a pretty wide range. It’s important that you spend some time researching exactly what it will take to make your expansion plans a reality. The time of year, materials costs, and factors such as the size and types of materials you choose will all affect how much you will have to spend. Taking the time to do a bit of research and consult with a contractor about the options available to you can end up making a big difference in the final cost of your expansion.This is important not just because of the immediate impact on your pocketbook but also the overall difference that it makes on your home’s value. All the money put into adding on to your home is an investment in your home. You want to get the biggest return on that investment that you can. Making smart choices and not letting your budget balloon out of control will go a long way toward maximizing your home’s value in comparison to the cost of your add-on. It’s more work now, but you’ll be thanking yourself if you find yourself wanting to sell your home at some point down the road.It’s always a good idea to check with your real estate agent about your current market. If the idea is to improve the value of your home, it’s wise to know what your current market dictates as “valuable”. Moving Forward With Your AdditionChoosing the right contractor is one way to affect the overall cost of adding on to your home and maximize the return on your investment. It is also one of the most important aspects. This person is someone you will work with over the course of weeks or possibly months, if there is an issue with materials. For this reason, we recommend researching and interviewing at least 3 contractors. This ensures you’ve done your due diligence in finding a suitable match for your needs. Always completely read through any contract with any contractor. Contracts can be a useful way for all parties to be protected, however, they can also have loopholes to be aware of. There are so many things to consider when adding on to your home and often times the most important details slip through the cracks. This is why planning is key. First, sit down and get your own ideas on paper, then sit down with a contractor to do the same. Planning is key to a smooth experience! **Adapted and revised from Homekeepr.comThe post Things to Consider When Adding On to Your Home appeared first on JNJ Dream Team.

Investopedia.com defines a “seller’s market” as, “A market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller.” In general, a seller’s market means that more buyers looking for homes exist than homes on the market, in that area or price range. In fact, both price range and area affect which type of market situation you experience. For example, homes priced under $250,000 in Central Florida sell extremely fast, however, if you go up to $400,000 the market shifts and you start to see more homes on the market than buyers shopping for them. As a result, those homes will sit on the market for upwards of 3 months instead of 2 weeks.Let’s break this down by perspective – Seller Perspective in a Seller’s MarketAs a home owner…… what a great time to sell! A Seller’s Market means as long as you price your property according to what the market suggests, you could end up exceeding your list price. Many sellers can find themselves in a “multiple offer situation”. This gives them the ability to choose the best offer for their situation – which does not always equate to solely money! Sometimes flexibility in various ways wins out over a higher net profit.The one thing we cannot stress enough however…. A seller’s market does NOT mean you can price your home as high as you would like and someone will buy it. Not the case at all. In order for the property to sell, you must price it according to similar properties in the same area. This is where a CMA comes into play. CMA in a seller’s marketA CMA, or a Comparable Market Analysis, gives a detailed report on a subject property and the market around it. Calculated by Real Estate Professionals, we use this report to find the value of any property a client would like to sell or purchase. The value comes in the form of a range a values with a suggested target value. The “suggested value” depends on the current features and upgrades the property has. We recommend using this value as a starting point to help determine the price at which to list the home. The range gives you an idea of what you could sell the property for, provided specific upgrades are completed.When a seller decides to list their home within the range but higher than the suggested list price, this is what we call “pushing the market”. When done accurately, a CMA gives you an idea of the value the appraiser will find. A CMA completed by a Realtor is NOT an appraisal nor can a Real Estate Professional legally call a CMA an appraisal however, it is the standard for pricing a home to sell and also finding the value to make an offer in the Real Estate Industry.Read more here about How A Home Appraisal Kills The DealHow to handle being a Seller in the Seller’s MarketFirst and foremost – you should always work with a trusted Real Estate Professional for any Real Estate transaction! We help facilitate the deal and get everyone to the closing table smoothly.If still living in the home, you will need to prepare yourself for Realtors to show the property. Real Estate is all about numbers, the more buyers we can show the property to, the more chances there are for offers. We recommend to our clients that are still living in the property they are wanting to sell, to leave for the first weekend to allow access to as many buyers as possible in that first weekend. This is especially true is you are looking for a niche buyer i.e. selling a home in a 55+ community or a cash only sale.Know your bottom line. Negotiating can be much easier and go a lot more smoothly if you have an idea of what your absolute bottom line is and what that means for your sale. This is especially true for sellers pushing the market to purchase their next home. Understand if you are pushing the market with price and won’t budge from the top of the range, your home will more than likely sit on the market longer which means dealing with the hassle of showing for longer as well.Buyer’s Perspective in a Seller’s MarketIf you’re a buyer… it’s a great time to buy! While the national interest rate stays relatively low,  the value in most areas continues to increase. At the current rate of value, year over year, the same home could cost you up to $40,000 more to purchase if you wait. So – don’t wait!Buyers in a seller’s marketOne of the main challenges for buyers in this market pertains to multiple offers. Many times a “multiple offer situation” for a seller becomes a “highest and best situation” for the buyers. This means they need to decide what their limit is and make the strongest offer they can. Sometimes the strongest offer is one that is flexible and open to the seller’s needs. Many times this will create a situation where the seller accepts an offer higher than the price they listed for.Property values in a seller’s marketNow, this doesn’t mean buyers are “overpaying” for property – the property still has to appraise. If it doesn’t appraise for the loan amount the parties will have to renegotiate the terms of the contract. The buyer can choose to pay out of pocket or walk away and get their escrow deposit back. Regardless, it does mean that seller’s are pushing the market and buyers are eating it up. So let’s discuss how to handle being a buyer in a seller’s market.How to handle being a Buyer in a seller’s marketAgain, hire a trusted and experienced Realtor! This point is even more important from the buyer’s perspective. There are more hurdles to overcome when you purchase a home versus when you sell a home. Also, in case you didn’t know, the sellers pay our commission so you should not go without representation.Know what you have to work with. This one seems obvious but time and time again seems to be forgotten. Something small will come up and our buyers will lose the home they wanted because they didn’t think ahead. Sometimes getting into your dream home could mean a monthly mortgage payment just outside of the comfortable budget you set for your family. Perhaps for your dream home closings costs and fees exceed what you budgeted. You will need to come up with just a little more which means dipping into savings you previously said you did not want to touch. These are all possible situations we have seen buyers go through. You need to know your limitations from the beginning. This will help with not only finding the right home but then negotiating when you find it, if need be.Don’t be afraid to be aggressive. This one has a few caveats which we will discuss in a moment. However, if you are getting ready to put an offer in on your dream home, be aggressive and make a strong offer based on the  current market in that area and your specific situation.Difference in RealtorsAny Realtor will do a CMA on a property a client would like to make an offer on. However, a good agent will go a step further and look at the market in the area. They will give you a value for the property and also tell you how long similar properties in the area took to sell. A good agent will look at the sold properties to see if they sold for list price and if not, will look at how close it sold for. Looking at these factors plus the buyer’s specific financial situation is the best way to determine how to make an offer. Remember that you can always back out during the inspection period. Also, because the property will have to appraise for the loan amount, you do not have to worry about getting stuck paying more for a home than it is worth.ConclusionWe always recommend to work with a trusted and experienced Realtor!! Moreover as a seller, we recommend to price the property accurately, be ready to show to prospective buyers, and know your bottom line. For the buyer we recommend you know what your hard limits are in terms of walking away from a property. You also need to be aggressive with your offer and/ or negotiations if the market suggests to do so.Understanding the market right now is vital to getting the best deal possible. This is especially true at a time when properties sell at or above market value with inventory dwindling. This is a great time as a seller or a buyer to get into their next dream home. While a seller’s market currently dominates most areas making the process of finding a home a little harder on buyers, sellers are getting top dollar for their homes creating a great situation for most new buyers with values continuing to rise. Like us on Facebook for more helpful information and insight! The post Seller’s Market, What Do You Mean?? appeared first on JNJ Dream Team.

Buying Points When Buying a Home" data-medium-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_7e58fb1c-00d5-4abb-bc13-33d0bc0052f5.jpg?fit=300%2C200" data-large-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_7e58fb1c-00d5-4abb-bc13-33d0bc0052f5.jpg?fit=656%2C437" class="size-full wp-image-257" src="https://img.chime.me/image/fs/chimeblog/20230712/16/original_7e58fb1c-00d5-4abb-bc13-33d0bc0052f5.jpg?resize=656%2C437" alt="Buying Points" width="656" height="437" data-recalc-dims="1" />Buying Points When Buying a HomeAs millennials and other first time home buyers begin their quest of buying a home, they face ever increasing costs of home-ownership. To help combat these increasing costs, lenders may provide some options to consider such as buying points.  A caveat we have to mention (almost by law) – we are not financial advisers or mortgage experts. Any information we provide derives from personal experience and working with families buying a home.  Please obtain counsel from a professional financial adviser to help you determine what option suits you and your family best.Now that we have done our due diligence for the legal mumbo jumbo (our apologies), we can move on to the point of the article. We want to discuss buying down points. Another option includes a different type of loan which we will discuss in a separate article. Both options require that you have discussed with your significant other and know your family’s future plans. Buying A Home – What Can You AffordA key factor when applying for a loan when buying a home includes the size of the payment.  From your point of view, you want the payment low because you want to have the option to spoil your family with the additional disposable income, as you should. The banks on the other hand, want to make sure you have the financial capacity to make the payment on the note even in the slowest times with the least income.Lenders have formulas to help them determine what size of a payment you can afford to maintain.  They also have guidelines they must follow, either their own corporate guidelines, or the guidelines of the financial institution they plan to sell the note to after buying a home.  In most cases, they look at one or two main numbers, both of which indicate a ratio compared to your income. The two ratios include the Total Obligation Ratio (TOR), and Housing Expense Ratio (HER). HER And TOR Ratios ExplainedThe HER describes the maximum amount of your income the lender can attribute to your housing payment. The Department of Housing and Urban Development (HUD) has stated that for 2017, their limit for FHA loans caps at 31%.  For simplicity, we will assume a $4,000 per month salary, and $1,000 per week.  31% of $4,000 comes out to roughly (4,000 x 0.31) $1,240. So for a household with $52,000 annual income under HUD guidelines, the maximum payment would cap at roughly $1,240. This comes out to somewhere around a $200,000 home after including taxes, mortgage insurance, property insurance, Homeowners Association dues and such.The next ratio lenders have to consider, TOR, includes all recurring monthly debts. This would include credit cards, car payments, medical payments, student loans, etc. This number can go up to 43% of your monthly income though, which comes out to roughly $1,720. So of the same $4,000, if the mortgage payment were the $1,240 we calculated previously, you could only have $480 worth of recurring monthly bills.  The more you have to pay out every month, the less home you can afford.For example, if you have a credit card payment of $100, a car payment of $200, and a student loan payment of $250, you have a monthly recurring obligation of $550.  Now take that $1,720 and subtract that $550, and that would provide you the maximum payment with your current monthly obligations – $1170.  This lowers the value of homes you can consider by roughly $15,000. So you are limited to $185,000 with that $550 worth of monthly recurring obligation. Options When Buying A HomeTo afford more house, a family’s options include lowering the monthly recurring debt, or lowering the housing payment. A quick explanation on the former before exploring the latter. Lowering Monthly Recurring DebtThis can confuse some folks, so we wanted to touch on this briefly, even though this does not directly impact the topic of this article. When considering this option, you need to understand how a mortgage lender sees the different accounts on your credit report.  Remember, the lender will base the amount you qualify for on the payments in the credit report. We discuss credit reports in more detail Here.Credit card debt affects the amount as most would expect – as you pay down the debt, the amount you qualify for rises. Buy why?  Notice on a credit card bill how the monthly payment changes every month? The payment you see typically relies on the current balance of the credit card debt – the more you owe the higher the minimum payment.Automobile payments, student loan payments, and personal loans from any financial institution follow a different format.  Typically, you will find fixed payments that never change with those types of credit lines. That $300 car payment stays the same for the life of the loan, whether you owe $40,000, or $400.With this in mind, remember that unless you pay down a credit card, the only way to increase the amount of home you can afford includes paying the debt completely off. Even if you only owe $1 – until that loan shows as “Closed/Paid in Full” on the credit report, that $300 payment will count against you. So when you get that income tax return, before you use it to “pay down” that automobile loan, consider carefully.  Make sure you pay it off, or hold on to that money. Lowering The PaymentOf the limited number of ways to lower the payment when buying a home, one includes lowering the interest rate. A family can accomplish lowering the interest rate a number of ways, though we will only focus on one for this article. Buying down points on the interest rate.. As we mentioned in the beginning of the article though, you and your family will want to have a clear plan for how long you plan to live in your new home. You will want to have discussed the options available to you for the property after moving out as well. Buying down pointsBuying down points means exactly what it says – you pay the mortgage lender a sum of money up front to lower your interest rate. Typically, the cost of 1 point equals 1% of the loan.  Also typically, 1 point will reduce your interest rate by ⅛ of a percent, or 0.125%. And before we get into some examples to help shed some light on the math, remember the amount relies on the loan amount, not the purchase price of the home.Now for the math – if your stomach does not agree with numbers, you better get a bag! Seriously though, we will try to make it as simple as we can. You can use this site to help sort your specific situation. Our Fictitious HomeLet us consider a $240,000 home, with an FHA loan at 4%. Under FHA, a potential home-buyer will need to supply 3.5% as a down payment, or roughly $8,400. That leaves $231,600 – the lender will use this amount to determine the cost of a point. In our hypothetical case of a point costing 1%, that comes out to $2,316 per point.Remember that each point paid lowers the interest rate only ⅛ of a percent, or 0.125% – so paying for one point would lower the interest rate from 4% to 3.875%. Paying 2 points would lower the rate by 0.25% to 3.75%, costing you $4,632. To lower the interest rate an entire percent to 3% (not typically allowed, as most lender have limitations) you would have to purchase 8 points, costing roughly $18,528 up front, on top of your down payment and closing costs.How does that affect your monthly note payment? On our fictitious $240,000 home, lowering the interest rate from 4% to 3.875% lowers the month payment by $25. So you spend $2,316 to lower your monthly payment by $25 – does not sound worth it right? Remember how we mention the plan?  How long does your family plan to live in that home? Or own it? The Effect Of Buying Down The Rate$25 per month adds up!. What does that mean? The break even point, the point where the cost of the purchased point equal the savings on your monthly payment, occurs around month 93, or just under 8 years. Every month after that, you begin to save money.  8 years sounds like a long time, except when you compare it to a 30 year mortgage.  $25 a month over the course of the entire 30 years would end up saving you $6,684 over what you paid to lower your interest rate. The caveat here though – you have to keep that mortgage payment for more than 8 years to make buying that point worth it.Finally, buying down points, while a smart investment if you plan to keep the note for more than 8 years, costs a lot of money up front, for very little growth in home affordability.  That $25 a month only allows for maybe any additional $5,000-$10,000. On top of that, since most families only stay in their homes for an average of 8-10 years, the next option may suit more families. However, as this article has already run longer than we wanted, we saved that for a separate read. SummaryWe wanted to discuss an option available to families that wanted to obtain a lower mortgage payment. One option we covered included buying down points. The other will speak to a different loan option in a separate article. Both options require that you have discussed with your significant other and know your families future plans.A key factor when buying a home includes the size of the paymentTwo ratios to pay attention to:Total Obligation Ratio – Total Payments on Credit Report versus Total IncomeHousing Expense Ratio – House Payment versus Total IncomeLowering Monthly Recurring Debt by:Paying down credit card debt or…Paying off loan debt (remember the difference!)Buying down points lowers monthly payments but:Has a high cost up frontOnly worth it if you keep that mortgage payment for more than 11 yearsEven then, some financial analysts would encourage families to take the money intended to buy down the interest rate and invest it. Even with a moderate gain from a lower risk mutual fund would provide a better return over the same length of time.Stay tuned for our next article, which will discuss another option to lower those monthly house payments and potentially afford more home! Are you ready to find your #dreamhome? The post Buying Points When Buying A Home appeared first on JNJ Dream Team.

Home Loans for Students" data-medium-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_5a8a4433-4690-4bfa-af89-e7f9bc0e65fe.jpg?fit=300%2C201" data-large-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_5a8a4433-4690-4bfa-af89-e7f9bc0e65fe.jpg?fit=656%2C439" class="size-full wp-image-247" src="https://img.chime.me/image/fs/chimeblog/20230712/16/original_5a8a4433-4690-4bfa-af89-e7f9bc0e65fe.jpg?resize=656%2C439" alt="Home Loans for Students" width="656" height="439" data-recalc-dims="1" />Home Loans for StudentsSo you and your spouse have completed your undergraduate degrees. You both have decided that you will continue your graduate degrees while working. Each of you has an annual income of roughly $50,000. You both have good credit, and you have put aside money for a down-payment for your first home. You both decide to begin your search for home loans for students so you can buy your first home! Happy day!When you apply with a mortgage broker, you learn that your student loans significantly impact the amount of home you can afford, even though you have no payments.  As you both have decided to continue your education, your current student loan debt will remain in deferment status. You each have about $50,000 in student loans, and together, this loan debt totals roughly $100,000. You also learn the mortgage broker does not offer specific homes loans for students. Not such a happy day anymore…We have seen this happen numerous times. Fortunately, some rule changes have passed recently allowing lenders to qualify more families dealing with student debt. While specific home loans for students do not exist (to our knowledge), student loans should no longer strangle quite so tightly those families looking to purchase a home. Happ…ier day…? Changes to Home Loans for StudentsThe basic idea behind the changes seems rather simple. Lenders can now use the payment information that shows up on the credit report. So… what did they use before? Prior to the changes to home loans for students, lenders had to calculate a payment based on the total amount of debt owed.  So, now they can use the payment actually made, instead of an arbitrary inflated number. Makes sense right?Previously, the lender had to take 1% “of the outstanding student loan balance to calculate the potential monthly student loan payment.” For example, our couple at the beginning of the article with $100,000 in student loan debt would have a $1,000 monthly payment assigned to them. $1,000!!! That could cover a whole mortgage payment for some families! Even though the debt required no payments. That $1,000 per month lowers the amount of home they can qualify for by $150,000!! No Home For You! (Seinfeld…)Anyway, with the changes, “the lender now can accept the student loan payment information that’s included on the borrower’s credit report.”  Meaning if you have the payments on an Income Based Repayment plan (IBR) totaling $25 per month, the lender no longer has to use the $1,000 calculated payment! That just added $145,000 back into the total amount the couple can qualify for. (Now go get that armoire from the basement! … only Seinfeld fans will understand…) Parents and Home Loans for StudentsAnother change allows the lenders to take into account student loans paid by someone else, such as a parent. A common trend according to Bill Banfield, executive vice president of capital markets for Quicken Loans, has parents of millennials making the student loan payments. This option would require strict documentation showing the last 12 months of payments originated from the parents with zero late payments. However, with this documentation, the students and those with the student debt would qualify for a loan more easily, and for a larger amount. Wondering why parents took over the payments in the first place?Interestingly enough, they may have intended to make those payments the entire time, and simply let the child obtain the loan.  Why, you ask? According to the article, students tend to have better loan terms than their parents with federal student loan programs.  From a 6.31% interest rate to a 3.76% interest rate, students tend to receive interest rates just over 2.5% lower! So while the parents may have not had the money to pay for tuition, room, and board, they appear to feel comfortable paying the students loans over time. And provided they paid for 12 months prior to the student applying for a home loan, these payments can help the student qualify! Home Loans for Parents of StudentsFinally, parents that did apply for loans to help their children attend college have some other options as well. A new cash-out refinancing option for current homeowners will allow cash taken out of the equity in the home go directly to student loans. On the surface this may seem like an amazing option, however, as with all major decisions, consult an adviser before moving on it.In this case, parents of students may want to speak with not only a financial adviser, but a tax adviser as well. Keep in mind that both student loan interest, as well as mortgage interest have potential tax deductions. Each deduction has its own restrictions and requirements though, with student loan interest deductions dependent on annual income for instance. Also, each loan type has benefits and restrictions as well. Such as, federal student loans have deferment and forbearance options available with different hardship life events. Not to mention Income Based Repayment options. So again, make sure you speak with an adviser!But for those families with stable employment and a higher income bracket, consolidating payments may work out in their favor. Most families that pay a mortgage tend to itemize their deductions at tax time. And if they can qualify for a lower interest rate on the mortgage, either through standard terms, or buying down points, they could end up saving money in the long run. Definitely worth at least a conversation and a little research. SummaryLenders have had a difficult time qualifying home loans for students with the previous restrictions and using calculated payments. These restrictions certainly helped at the time of implementation, reducing risk to lenders and loan servicers.  However, with all of the different changes made to student loan programs over the last 10 years, this modification of the rules seems like a logical move.Now, mortgage brokers can use the actual payment in the credit report instead of a percentage of the total debt owed.  Together with the ability to calculate in payments made consistently by another party, those with student loan debt have a better chance of qualifying for home loans. Finally, parents that borrowed money to assist their children with paying for college can pay off those student loans using the equity in their homes if that makes sense financially.To summarize, mortgage brokers and lenders attempting to qualify families for home loans can:Utilize Student Loan Payments from credit reports instead of calculated paymentsUse proven consistent payments made from other partiesUse equity in the current home to cash-out and pay off student loan debtLots of options! Make sure you consult with your financial adviser! And let us know if you need a referral for a mortgage broker or lender! Ready to allow us to help you find your #dreamhome? http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=351513The post Home Loans for Students appeared first on JNJ Dream Team.

Buying A Home" data-medium-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_36a82b16-1c25-4212-8ec4-b89605d3985b.jpg?fit=300%2C225" data-large-file="https://img.chime.me/image/fs/chimeblog/20230712/16/original_36a82b16-1c25-4212-8ec4-b89605d3985b.jpg?fit=656%2C492" class="size-full wp-image-232" src="https://img.chime.me/image/fs/chimeblog/20230712/16/original_36a82b16-1c25-4212-8ec4-b89605d3985b.jpg?resize=656%2C492" alt="Buying A Home" width="656" height="492" data-recalc-dims="1" />Buying A HomeWe wanted to take this time to concentrate on helping those hoping to purchase a home begin that journey.  The following points and suggestions will focus on those buying a home, although work for renting a property as well. In short, whoever needs or wants to move in the future will benefit from this article.We talk about how to prepare for the process of buying a home in this article, however, we wanted to focus on the actual search part.  This tends to create the most frustration, depending on the market, location, and price bracket.  We work with a lot of first-time home buyers, which in the Central Florida area trend to the price range $250,000 and less.  With our current market, and lack of inventory, finding a home can stress some folks out. The following points may help alleviate some of that stress.The ListAsk any of our past clients, and they will tell you, we give them homework! Thats right – we put our customers to work! They have to turn it in too! No grades though – you cannot fail.  At least, no one has yet… Anyway… we request a list.  We ask our customers to sit down (together if a couple) and come up with 15-20 things they would like when buying a home.  Many items seem obvious – close to work, 3 bedrooms, large yard, no crime, great schools, no HOA, community pool, screened in porch, lawn maintenance included… you get the idea.Some of you may have thought to yourselves “Not possible. You can’t have a community pool without a Homeowners Association!” And that would constitute an astute observation.  To avoid this dilemma, we then ask our customers to prioritize the list, with the most important at the top. This step ensures that either the “No HOA” or the “community pool” supersedes the other in importance when evaluating a property.The list may very well top the charts of importance when your family first starts their search for buying a home. We cannot stress enough the value of having a conversation with your significant other, or your children. This conversation will help to ensure you both understand what the other wants in their new home. While we expect the list to change as you see, learn, and experience the additional options available, we encourage another conversation before changing it each time!The FinancesAnother step we encourage all of our customers to embark on prior to actually starting the search includes applying with a lender if purchasing, or simply gathering documents if renting.  This step seems to concern many people, causing tension and fear when it should not. Everyone needs to understand what we like to call their “buying power”.  In the Central Florida area, most rentals require monthly employment income to exceed the monthly rent by 2.5-3 times. When looking to purchase a home in the Central Florida area, most sellers require a pre-approval letter accompany the offer. Each family must complete this step to understand their “buying power” and know what properties they can reasonably consider.The worst thing that can happen in our opinion, and has happened many times, occurs when a family decides to start their home search prior to completing this step. They find a home they absolutely love, and fits their family perfectly. They decide to apply or make an offer, and start the step at this point. By the time they gather all the required paperwork, the property status has changed to “Pending” and no longer accepts applications or offers. Do not let this happen to your family! Take the proactive step and talk to a lender, and gather all of your financial documents.  Every family differs from the next financially, so speak with your REALTOR® to see what they believe you will need, or who you should speak to.The SearchThe final step we want to discuss in this article covers the actual search when buying a home. Now that you have your list that you and your significant other have agreed on, and you know your “buying power,” you have what you need to start the search. A word of caution here though – try very hard to not fall in love! A difficult request to adhere to, we know. And we certainly want you to know that you “love” the property. The tricky part comes when putting an application in, or sending an offer. If your family loves it, another may as well. So when you find that property, expect the worst and hope for the best. Set your expectations low so that if the seller leaves your offer on the table, or denies your application, you feel minimal frustration.We also suggest that you never stop looking until you have keys in your hands! So many things can go wrong throughout the process, and while your REALTOR® will help you avoid a majority, life happens. Better to have an idea of other options out there than to start the process over from scratch if the deal blows up. When buying a home, absolutely nothing is guaranteed.Summary For Buying A HomeWe hope these points help your family – we certainly feel they have helped our customers. The list helps maximize the efficient use of your time, and ensures your family looks at homes with high probability of affinity. This lowers the chances of missing out on a home your family loves because they preview everything under the sun and do not get to that one home they love fast enough. Completing the finances step before your family begins their search avoids the dilemma of missing out and not having the ability to move on a home you find and love. Finally, the points we covered when searching we hope will assist you in setting reasonable expectations. All of the above will help lower the frustration that can accompany the home search process, and can ultimately help make the experience a pleasant one.To Recap:Compile a list of 15-20 attributes you and your significant other want in a homeWith your significant other, agree on a priority for each of the attributesContact a REALTOR® for recommendations in regard to your financesRecommendation for a lenderRecommendation for the paperwork required to applyKnow you love the property, but do not “fall in love”!Rely on your REALTOR® to provide information to assist you with avoiding major issuesKeep looking until you have keys in your handWe wish you the best of luck in your home search! Are you ready to find your #dreamhome?The post Buying A Home appeared first on JNJ Dream Team.