Preventative Maintenance Tips

Every winter we get uplifted by Family freinds and good eats.

While those sweet potatoes are cooking and granny has nodded off the eggnog and grandkids are hovering there latest remote controlled UAV around her nostrils, your gradually missing out on protecting your investments.....https://www.houselogic.com/organize-maintain/home-maintenance-tips/home-preventative-maintenance-checklist-5-critical-tasks/

For example here are a few things to take into account for your home.  Below are pictures  (mostly incorrect) for proper run off away from your home.  We have included narrative to help understand the necessary corrections.  Water damage can be a danger to any home or building so making sure there is eb and flow of your downspouts at least longer than the roofline and away to the furthest most lowest point of the yard.

 a no no

 better but needs more out spout tailing away from building 

 very deceiving, notice , over time these heavy concrete peices will fall into the ground and the  water will be heading toward the foundation

 this is better

 Water damage can be a danger to any home or building so making sure there is eb and flow of your downspouts at least longer than the roofline and away to the furthest most lowest point of the yard.

The following pictures are indications of the vents in your foundation which are crucial for proper air movement in the hotter months. I have included pictures of open vents. They can be often times hiding beneath decks or landscaping so if you are unsure hire a professional to look into your crawl space....don't forget the flashlight and mask.  ALLso make sure the are closed in the winter and the screens are free from debris because you do not want tiny guests nesting in the house or building.

If you are leaving town for a period of time it isVERY IMPORTANT IF YOU HAVE ANY QUESTIONS ABOUT VACANT BUILDINGS MAKE SURE YOU CONTACT The Department of Public Utlities and Have the water shut off.

 Below is a link to THE DPU.
http://toledo.oh.gov/services/public-utilities

HAPPY HOLLIDAYS

WYNTK about Financing a HOME

Thinking of buying a new home?  Before beginning your search start saving, budgeting and planning because it is helpful to know how much you can afford and what type of home you would like to purchase.  Traditionally lenders will allocate approximately 28% of your gross monthly income to housing expense.  Below are some links perhaps may help:

https://www.credit.com/loans/mortgage-questions/how-to-determine-your-monthly-housing-budget/

https://www.quicken.com/how-much-should-you-spend-rent-when-budgeting

Housing expenses include PITI- which stands for Principal, Interest, Taxes, and Insurance.  To get an idea of how much you can afford to pay each month for a house, multiply your gross monthly income by 28%. furthermore when coupled with outstanding loans the total for your debt service should not include 36% of your gross monthly income.  To increase purchasing power contact me at 419-261-0237 for a list of lenders that may be able lower interest rates with more liberal requirements.

Also like and follow this page for more content👇

https://www.facebook.com/clickrobley.realtor/

Hopefully your lender will take the guesswork out of applying for a loan by figuring out the amount you can afford to borrow.  Easily they can email you a print out of the maximum mortgage amount you qualify for.  This Preapproval will establish your price range and give you buying power by letting the seller know you have already been approved for the loan.


http://www.co.lucas.oh.us/DocumentCenter/View/55221

The above link will be helpful in understanding current tax laws in Lucas County.

For helpful videos👇

 https://youtube.com/c/RobleyAlbright

Mortgage interest, property taxes, and loan fees, or "points" are currently tax deductible. Points are generally deducted in the year paid.   A point equals 1% of the mortgage amount.   If you are in the 28% tax bracket, this is equivalent to receiving a 28% discount on your mortgage interest and property taxes.   During the first year f your mortgage the tax saving are especially high because most of your monthly payment goes towards your loan interest.

Some limitations may apply when closing costs are equated and today some lenders may offer mortgage with npo closing costs. When determining the out of pocket cash at closing taking into account your down payment and escrow accounts for  taxes and insurance should be considered.

If you  liked this column of What You Need To Know about financing your new home then share with a friend or colleague by clicking on the search bar and copying and pasting.