Is Your Heating System Ready for Winter’s Nip?

By: Oliver Marks
Published: September 24, 2009

Getting your home’s heating system professionally serviced every year will keep it running smoothly and help keep heating costs under control.

Who does the job?

The simplest way to get the work done is to hire your fuel company to do it. Oil companies and gas utilities usually provide this service, or you can hire the contractor who installed the equipment. Also, some plumbers handle heating systems.

What is involved?

The technician will clean soot and corrosion out of the combustion chamber where the fuel is burned, and check it for leaks or damage. He’ll inspect the flue pipe for open seams, clogs, or corrosion that could cause carbon monoxide to backdraft into the house. He’ll replace the filters on oil and forced-air systems. Finally, he’ll test the exhaust from your cleaned machine and use the information to adjust the burner for maximum efficiency.

How much will it cost?

You’ll pay between $100 and $180 for the service, depending largely on whether you have a gas system, which is easier to maintain, or oil, which requires a fair amount of soot removal. Usually the cost is covered by an annual maintenance contract that also provides 24-hour emergency service. While the technician is there, he should also service your water heater, assuming it has a separate oil or gas burner.

When is the best time to do the work?

Ideally, have your system tuned up in the fall so it’s in top shape for the start of the heating season. Of course, that’s when technicians are the busiest, so if you can’t do it when you want, do it when you can—as long as your system is serviced once a year. And don’t expect your provider to call to remind you that it’s time. Even if you subscribe to an annual service plan, you still need to call to make an appointment. Call in the spring or summer to be sure of getting on the schedule in the fall.

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How to Inspect Windows, Doors to Stop Air and Water Leaks

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

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203 (k) FHA loan

money housesIn todays real estate market a large amount of properties are distressed properties (foreclosures and short sales). Most of these properties are sold as-is, leaving the buyer with the additional costs of repairs and improvements. Some of these homes may not even qualify for a loan. Don’t give up on these homes just yet, they could be the best deal out there and the 203 (k) loan is here to help.

What is a FHA 203 (k) loan?

A FHA 203(k) loan allows a borrower to borrow money for a home purchase and to include the repairs and improvement costs in the loan amount. The additional money borrowed is held in an escrow account to be released as the work is completed after closing. You can also borrow up to six months of loan payments for while the work on your home is being completed. The loan amount is based on the projected value of the home after the repairs and improvements have been completed.

Repairs and Improvements that can be made with a FHA 203 (k) loan:

  • Structural repairs and changes.  Including such items as additions to the structure and/or repairing any and all structural damage.
  • Improvements and updates to functionality. Including remodeling kitchens and bathrooms.
  • Changes for curb appeal. Such as new exterior siding and new doors.
  • Repair or replacement of plumbing, heating, air conditioning or electrical system. Installation of new plumbing fixtures are acceptable, including interior whirlpool bathtubs.
  • Installation of Well and/or Septic System. Items must be installed or repaired prior to beginning any other repairs to the property. Properties less than one acre in size can be limited on this item.
  • Replacing flooring, carpeting or tiling.
  • Energy efficient improvements. Items such as new windows and doors, storm windows, insulation, and hot water systems.
  • Landscape work and site improvement.  Patios and terraces that improve the value of the property equal to the cost, or that are needed to preserve the property from erosion. Tree removal is also acceptable if the tree presents a hazard to the occupants.
  • Improvements to make home handicapped accessible .

There are no minimum requirements for improvements, however  at least one of the above items must be included in the mortgage. Improvements may also include a detached garage, a new detached garage, or the addition of an attached unit (if allowed by local zoning ordinances). Painting and other cosmetic repairs. New appliances. New fencing, walks and driveway repairs, as well as general landscaping. Pool repairs up to $1500.00. All repairs or additions must be a permanent part of the property and luxury items such as new pools, hot tubs, and such are not eligible.

A FHA 203 (k) loan opens up more options in today’s real estate market and may be the answer to you finding your place to call home.

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Yowell Meadow Park

Fall is a wonderful season in Virginia. Wonderful colors, cool breezes and warm sunshine. It is a great time for outdoor activities. We have great parks in the Greater Fredericksburg Area to go to and hike or for family outings. Yowell Meadow Park in Culpeper Virginia is a wonderful park and the first in my series of great parks in the Greater Fredericksburg Area.

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Yowell Meadow Park is located in downtown Culpeper Virginia. The park is about 45 minutes from Fredericksburg Virginia but is worth the drive for the mountain views and for a  fun family outing. The park is beautiful and has some unique offerings.

 

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Yowell Meadow Park has a fun playground for the kids with slides, monkey bars and lots of ups and downs to keep the kids entertained. The park also has swings for both the kids and parents enjoyment.

 

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Yowell Meadow Park has two paved walking trails, as well as other various trails for your enjoyment. The trails meander through the park, around a pond, and over two iron bridges that cross the stream running through the park.

 

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Yowell Meadow park also offers basketball courts, a volleyball court, workout stations, a baseball field, several picnic pavilions, and a skate park. Whether you want to take the kids to the playground, take a hike, workout, or have a fun family picnic Yowell Meadow Park has it all.

 

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Parade of Homes

Looking for something to do this weekend? Come on out to the Parade of Homes.

The Parade of Homes is a Fredericksburg Area Builders Association event that features new homes being built in our area. The event is back this weekend, October 1st and 2nd, and next weekend October 8th and 9th after taking a break for two years. Homes will be open from 10-4 all four days.

There are 21 homes and 1 subdivision featured in the Greater Fredericksburg area. Prices range from $156,900 to $747,495.

Come on out and enjoy the homes and beautiful fall season, and come see me in the Spear Builders beautiful model.

Spear Builders and RE/MAX Bravo agent, Leah Jacobsen from RE/MAX Bravo on Vimeo.

 

 

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