10 Tips for Saving Energy in the Laundry Room

10 Tips for Saving Energy in the Laundry Room

Knowing how to save energy while doing laundry is a good start to helping you trim energy costs in your home.

Here’s a fun laundry room fact: The average American family washes 300 loads of laundry a year, spending about 68 cents per load, for a yearly total of $204.

Most laundry room expenses come from heating water for washing and heating air for drying. But these costs aren’t set in stone, and you can save money by following these energy-reducing tips.

Get the Most From Your Washer

Ninety-percent of the cost of running a washer goes to heating water. Only 10% goes to electricity needed to run the motor. Here’s how to save money while getting your clothes clean.

1. Use cold water. You can save a bundle by washing your clothes in cold water, which is a perfectly efficient way to clean most clothes. Washing a load in cold water costs only about 4 cents, compared to washing in hot/warm water for 68 cents. Annually, you’ll save $40 with an electric water heater and $30 with a gas water heater.

2. Run full loads. It takes as much electricity to wash a small load as it does a full one, so you’ll save money by only washing full loads.

3. Update your machine. If you don’t already have an Energy Star-certified washer, it’s time to get one. These energy-efficient machines use 15 gallons of water per load, compared to 23 gallons for a standard machine. If a gallon of water costs you a penny (the U.S. average), you’ll save $24 a year.

4. Buy a front-loading machine. They use two-thirds less water than top-loaders, reducing water and heating costs.

Related: How to Buy a Washer

Get the Most From Your Dryer

5. Spin faster. The faster you spin clothes in the washer, the less time they’ll need in the dryer. If you have the option, chose a faster spin cycle.

6. Clean lint filters. Remove lint after every load, and clean ducts annually. Your clothes will dry faster, using less energy.

7. Warm it up. If possible, locate your dryer in a warm laundry room rather than in a cold basement. The warmer the air coming into the dryer, the less energy your machine will use to heat it up.

8. Go gas. Drying a load of laundry in a gas dryer generally costs 15 to 33 cents less per load than an electric dryer (32 to 41 cents).

9. Keep it full. Dry only full loads, and try not to mix fast and slow-drying clothes — a practice that wastes energy by continuing to dry clothes that are no longer wet.

10. Let nature help out. When the weather is warm, cut your energy costs by drying clothes outside on a clothesline. If HOA regulations don’t allow you to set up a clothesline outside, then use a stand-alone drying rack inside.

 

 

By: Douglas Trattner© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

 

How to Help Your Appliances Last Longer

How to Help Your Appliances Last Longer

 

Is it just me or does it seem that appliances don’t last as long as they’re supposed to?
Our dryer died after 11 years (two years before a typical dryer’s lifespan is up), and we repaired our refrigerator three times before it reached its 12th birthday (it’s supposed to live for 13 years).

Full disclosure: I wouldn’t give myself an A in appliance care. But in the future, I vow to keep up on regular maintenance that’ll keep my new dryer running longer than my last one.

Rob Carpenter, owner of a Mr. Handyman franchise in Maryland, shares some insider tips about how to extend the life of home appliances.

Refrigerators That Last

Refrigerators break down when doors don’t close tightly, forcing motors to work overtime to keep food cold. To test your door seal, close the door on a dollar bill: If the bill slips, you’ve got a problem that requires refrigerator maintenance.

Magnetic strips embedded in gaskets around refrigerator doors make doors close snugly, but they routinely wear out and should be replaced or re-magnetized every couple of years. If you’re handy, re-magnetizing is a DIY job — just run a powerful magnet along each side of the gasket, in the same direction, about 50 times.

If messing around with the refrigerator door is beyond your pay grade, call a professional. Pros typically charge around $242 to repair door problems.

Related: How to Buy a Refrigerator

Washing Machine Endurance

Loose change banging around your washer drum can cause dents, chipped paint, and rust, so make sure to empty pockets before washing clothes.

Also, maintain your washing machine by regularly cleaning or replacing filters that trap water sediment before it enters your machine. Filters, which look like thimbles, are located in the back where supply hoses attach to the machine. Remove hoses and either poke out debris with a tip of a flathead screwdriver, then remove and wash the filter, or replace it.

Dryers That Keep on Drying

In addition to regularly cleaning out your dryer’s lint trap and exhaust hose, inspect the exterior vent — hot air must escape your house unimpeded.

Make sure the hinged exterior vent pops open when the dryer runs. If it doesn’t, open the cover and scrape out lint with the end of a hanger or dryer vent brush ($13). If your vent is louvered, clean slats with an old toothbrush.

When my dryer recently lost its heat, we called a repair guy who discovered a family of sparrows living in the vent. He sucked the birds out (poor birdies), and then we covered the vent opening with a wire mesh.

Related: The World’s First Solar-Powered Laundry Dryer
Dishwasher Extenders

Here are ways to keep your dishwasher stress-free and long-lasting:

  • Prime your dishwasher by running the hot water in your sink before you begin the cycle. This will clean your dishes with hot water from the very start of the cycle.
  • Once a week, run your dishwasher empty except for a cup of vinegar, which will keep it shining and smelling fresh.
  • Clean out food traps regularly.
  • Wipe clean the seals around dishwasher doors.

Related: Which Homemade Dishwasher Soap Recipe is Best?
Toaster Thoughts

Darkly toasted bread will burn out your toaster two years earlier than lightly toasted bread. So if you can live with lightly crisp rather than almost burnt, you’ll get a few more years out of your toaster. Just saying.

What’s your oldest appliance? What did you do to keep it humming?

 

 

By: Lisa Kaplan Gordon© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

 

Home Prices Up 25% Over Three Years

Home Prices Up 25% Over Three Years

Published: February 11, 2015

Prices increased steadily due to a shrinking supply of homes for sale and a growing number of homebuyers entering the market to take advantage of low mortgage interest rates, said NAR Chief Economist Lawrence Yun.

“Home prices in metro areas throughout the country continue to show solid price growth, up 25% over the past three years on average,” he said. “This is good news for current homeowners but remains a challenge for buyers who are seeing home prices continue to outpace their wages. Low interest rates helped preserve affordability last quarter, but it’ll take stronger income gains and more housing supply to help meet the pent-up demand for buying.”

The five most expensive housing markets in the fourth quarter:
1.  San Jose, Calif., $855,000
2.  San Francisco, $742,900
3.  Honolulu, $701,300
4.  Anaheim-Santa Ana, Calif., $688,500
5.  San Diego, $493,100

The five lowest-cost metro areas in the fourth quarter:
1.  Youngstown-Warren-Boardman, Ohio, $78,000
2.  Rockford, Ill., $86,800
3.  Toledo, Ohio, $87,100
4.  Decatur, Ill., $90,400
5.  Cumberland, Md., $90,500

The national median existing single-family home price in the fourth quarter was $208,700, up 6.0% from the fourth quarter of 2013 ($196,900).

At the end of the fourth quarter, there were 1.85 million existing homes available for sale. That’s a 4.9-month supply given the pace at which homes are selling. A supply of six to seven months represents a healthy balance between buyers and sellers.

“Despite affordable housing conditions in most of the country, an upward pressure on home prices still persists in some metro areas — particularly in the West — where the current supply of new and existing homes for sale is failing to keep pace with overall demand and growing populations,” said Yun. “Unless homebuilders significantly boost construction, housing supply shortages could develop and lead to further price acceleration this spring.”

Condo and Co-op Prices

Nationally, condominium and cooperative prices (NAR measures those in 61 metro areas) reached $203,300 in the fourth quarter, up 3.3% from the fourth quarter of 2013 ($196,900).

Forty-six metro areas (75%) showed increases in their median condo price from a year ago; 14 areas had declines.

NAR President Chris Polychron said REALTORS® throughout the country are reporting slightly improved buyer demand compared with a year ago. “Interest rates below 4%, rising rents, and healthier local job markets are convincing more consumers to consider homeownership,” he said.

To measure affordability, NAR compares the median income ($65,782 nationally) and median home price ($208,700).

How Much Income Do You Need to Buy the Median Single-Family Home?

Downpayment Income Needed to Buy $208,700 Home
5% $45,863
10% $43,449
20% $38,621

Existing Home Price by Region

Q4 Median Price Price Change vs. 2013
Northeast $246,300 Up 2.2%
Midwest $162,000 Up 6.2%
South $183,500 Up 6.2%
West $299,500 Up 4.8%

 

 

By: Dona DeZube© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

Keep Your Home Sale from Falling Apart

Keep Your Home Sale from Falling Apart

After finding a buyer, all you have to do to make it to closing is to avoid these five traps.

Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close.

Mistake #1: Ignore Contingencies

If your contract requires you to do something before the sale, do it. If the buyers make the sale contingent on certain repairs, don’t do cheap patch-jobs and expect the buyers not to notice the fixes weren’t done properly.

Mistake #2: Don’t Bother to Fix Things That Break

The last thing any seller needs is for the buyers to notice on the pre-closing walk-through that the home isn’t in the same condition as when they made their offer. When things fall apart in a home about to be purchased, sellers must make the repairs. If the furnace fails, get a professional to fix it, and inform the buyers that the work was done. When you fail to maintain the home, the buyers may lose confidence in your integrity and the condition of the home and back out of the sale.

Related: 10 Common Repair Costs

Mistake #3: Get Lax About Deadlines

Treat deadlines as sacrosanct. If you have three days to accept or reject the home inspection, make your decision within three days. If you’re selling, move out a few days early, so you can turn over the keys at closing.

Mistake #4: Refuse to Negotiate Any Further

Once you’ve negotiated a price, it’s natural to calculate how much you’ll walk away with from the closing table. However, problems uncovered during inspections will have to be fixed. The appraisal may come in at a price below what the buyers offered to pay. Be prepared to negotiate with the buyers over these bottom-line-influencing issues.

Related: How to Field a Lowball Purchase Offer

Mistake #5: Hide Liens from Buyers

Did you neglect to mention that Uncle Sam has placed a tax lien on your home or you owe six months of homeowners association fees? The title search is going to turn up any liens filed on your house. To sell your house, you have to pay off the lien (or get the borrower to agree to pay it off). If you can do that with the sales proceeds, great. If not, the sale isn’t going to close.

Related:

  • How Much Value Does Regular Maintenance Add to Your Home?
  • 7 Steps to a Stress-Free Home Closing

G.M. Filisko is an attorney and award-winning writer who wanted a successful closing on a Wisconsin property so bad that she probably made her agent rethink going into real estate. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

By: G. M. Filisko© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

 

Budget Kitchen Remodeling: 5 Money-Saving Steps

Budget Kitchen Remodeling: 5 Money-Saving Steps

Major kitchen remodels are among the most popular home improvements, but a revamped cooking and gathering space can set you back a pretty penny. According to “Remodeling” magazine’s 2015 “Cost vs. Value Report,” a major, 200-square-foot kitchen remodel costs $56,768, with a 67.8% return on investment come selling time.

If you can’t come up with all that cash or take out a loan to do the remodel in one shot, a good strategy is to proceed in stages. By breaking down the kitchen remodeling process, you’ll be able to proceed at your own pace, as time and money allow.

Stage One: Start with a Complete Design Plan

Your plan should be comprehensive and detailed — everything from the location of the refrigerator to which direction the cabinet doors will open to whether you need a spice drawer.

To save time (and money) during tear-out and construction, plan on using your existing walls and kitchen configuration. That’ll keep plumbing and electrical systems mostly intact, and you won’t have the added expense — and mess — of tearing out walls.

Joseph Feinberg, vice president of Allied Kitchen and Bath in Fort Lauderdale, Fla., recommends hiring a professional designer, such as an architect or a certified kitchen designer, who can make sure the details of your plans are complete. You’ll pay about 10% of the total project for a pro designer, but you’ll save a whole bunch of headaches that would likely cost as much — or more — to fix. Plus, a pro is likely to offer smart solutions you hadn’t thought of.

For a nominal fee, you also can get design help from a major home improvement store. However, you’ll be expected to purchase some of your cabinets and appliances from that store.

  • Cost: professional designer: $5,800 (10% of total)
  • Key strategies: Once your plans are set, you can hold onto them until you’re ready to remodel.
  • Time frame: 3 to 6 months

Read on to learn more budget kitchen remodeling tips:

Stage Two: Order the Cabinets, Appliances, and Lighting Fixtures
Stage Three: Gut the Kitchen and Do the Electrical and Plumbing Work
Stage Four: Install Cabinets, Countertops, Appliances, Flooring, and Fixtures
Final Phases: Upgrade if Necessary

Stage Two: Order the Cabinets, Appliances, and Lighting Fixtures

Cabinets and appliances are the biggest investments in your kitchen remodeling project. If you’re remodeling in stages, you can order them any time after the plans are complete and store them in a garage (away from moisture) or in a spare room until you’re ready to pull the trigger on the installation.

Remember that it may take four to six weeks from the day you order them for your cabinets to be delivered.

Related: How to Choose Stock Cabinets for Your Kitchen

If you can’t afford all new appliances, keep your old ones for now — but plan to buy either the same sizes, or choose larger sizes and design your cabinets around those larger measurements. You can replace appliances as budget permits later on.

Related: Appliance Buying Guides

The same goes for your lighting fixtures: If you can live with your old ones for now, you’ll save money by reusing them.

You’ll have to decide about flooring, too — one of the trickier decisions to make because it also affects how and when you install cabinets.

You’ll need to know if your old flooring runs underneath your cabinets, or if the flooring butts up against the cabinet sides and toe kicks. If the flooring runs underneath, you’ll have some leeway for new cabinet configurations — just be sure the old flooring will cover any newly exposed floor areas. Here are points to remember:

  • Keep old flooring for cost savings. This works if your new cabinets match your old layout, so that the new cabinets fit exactly into the old flooring configuration. If the existing flooring runs underneath your cabinets and covers all flooring area, then any new cabinet configuration will be fine.
  • Keep your old flooring for now and cover it or replace it later. Again, this works if your cabinet configuration is identical to the old layout.

However, if you plan to cover your old flooring or tear it out and replace it at some point in the future, remember that your new flooring might raise the height of your floor, effectively lowering your cabinet height.

For thin new floor coverings, such as vinyl and linoleum, the change is imperceptible. For thicker floorings, such as wood and tile, you might want to take into account the change in floor height by installing your new cabinets on shims.

  • Cost: cabinets: $16,000 (27% of total); appliances and lighting fixtures: $8,500 (15% of total); vinyl flooring: $1,000 (2% of total)
  • Key strategy: Keep old appliances, lighting fixtures, and flooring and use them until you can afford new ones.
  • Time frame: 2 to 3 weeks

Stage Three: Gut the Kitchen and Do the Electrical and Plumbing Work

Here’s where the remodel gets messy. Old cabinetry and appliances are removed, and walls may have to be opened up for new electrical circuits. Keep in close contact with your contractor during this stage so you can answer questions and clear up any problems quickly. A major kitchen remodel can take six to 10 weeks, depending on how extensive the project is.

During this stage, haul your refrigerator, microwave, and toaster oven to another room — near the laundry or the garage, for example — so you’ve got the means to cook meals. Feinberg suggests tackling this stage in the summer, when you can easily grill and eat outside. That’ll reduce the temptation to eat at restaurants, and will help keep your day-to-day costs under control.

  • Cost: $14,500 for tear-out and installation of new plumbing and electrical (25% of total)
  • Key strategies: Encourage your contractor to expedite the tear-out and installation of new systems. Plan a makeshift kitchen while the work is progressing. Schedule this work for summer when you can grill and eat outside.
  • Time frame: 6 to 10 weeks

Stage Four: Install Cabinets, Countertops, Appliances, Flooring, and Fixtures

 
If you’ve done your homework and bought key components in advance, you should roll through this phase. You’ve now got a (mostly) finished kitchen.

A high-end countertop and backsplash can be a sizable sum of money. If you can’t quite swing it, put down a temporary top, such as painted marine plywood or inexpensive laminate. Later, you can upgrade to granite, tile, solid surface, or marble.

  • Cost: $12,000 (21% of total)
  • Key strategy: Install an inexpensive countertop; upgrade when you’re able.
  • Time frame: 1 to 2 weeks

Final Phases: Upgrade if Necessary

Replace the inexpensive countertop, pull up the laminate flooring, and put in tile or hardwood, or buy that new refrigerator you wanted but couldn’t afford during the remodel. (Just make sure it fits in the space!)

 

By: Gretchen Roberts:© Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®

 

Kicking Off National Homeownership Month!

Kicking Off National Homeownership Month!

Kicking Off National Homeownership Month! | Keeping Current Matters

National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the National Homeownership Month. Here is an excerpt from his proclamation:

“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”

“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.”

“During National Homeownership Month, I encourage all Americans to learn more about financial management and to explore homeownership opportunities in their communities. By taking this important step, individuals and families help safeguard their financial futures and contribute to the strength of our Nation.”

If you are one of the many renters out there who would like to make the transition from renter to homeowner, contact a local real estate professional who can help evaluate your ability to do so.
Marcos Fullana, local real estate professional 305-385-8342 / mk@choiceone.us Choice One Real Estate Miami, Cutler Bay, Palmetto Bay, Pinecrest, Coral Gables
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