Sep 29, 2010

Realty Times - Home Maintenance for First-Timers

Realty Times - Home Maintenance for First-Timers

Realty Times - Tools for New Homeowners

Realty Times - Tools for New Homeowners

Tools for New Homeowners
by Carla Hill

Living in a condo or a rental unit comes with one definite perk. You don't have to make your own repairs!

Now that you have moved into your new home, it's time to put on a new hat, that of "handyman." For the big jobs, like roofing and rewiring, you'll more than likely still rely on a professional. And unless you are truly versed in those specialties, that is what we'd recommend!

But there will be many small jobs that come up which you will be able to fix on your own. Really! Not only will it save you money, but you'll experience a nice swelling of pride that you made whatever it was, work again. To complete those jobs, you'll need tools.

So, what tools will you need as a new homeowner? Here is a list of suggestions from our experts:


1.A toolbox. There is nothing more tiring than having to search for the tool you need. Is the screwdriver in that box under the sink or in the garage? Where do we keep the extra screws? Keep everything together and you'll never waste time hunting for the right tool.

2.Hammer. It seems basic enough, and it is. If for nothing else, you'll need it to hang all your artwork and pictures.

3.Level. From hanging pictures to framing a garage, a level is a must for any handyman.

4.Screw Driver. You'll need more than one! Be sure you have multiple sizes of both phillips-head and flat-blades.

5.Plyers. Have you ever tried to disconnect a fitting on a pipe? You need plyers.

6.Hand Saw. Many handymen prefer power tools, but for those remote spots with no electrical access, you can always count on a hand saw.

7.Tape Measure. How long does that new counter-top need to be? Do we have room for the couch to fit through the front door? Exactly. Use a tape measure.

8.Wire cutters. For what else? To cut wires!

9.Cordless, Reversible Drill and Bits. It's perfect for the ladies that need a little extra oomph to finish a project.

10.Utility Knife. This is great for cutting exact edges.

11.Vice/clamps. Connect a vice to your workbench and use it to stabilize items you are cutting.
This is just a starter kit. There is a tool for practically every need, so over time, your tool box will grow considerably!

Rely on the tool experts at your local home improvement stores, as well. They have been trained to help you find your way. If you are unsure what exact tool you need or how to use it, don't be afraid to ask.

Becoming your own handyman is a learning process, so don't be too hard on yourself. There will be a lot of trial and error. That's half the fun. Enjoy your new home!

Published: September 29, 2010

Use of this article without permission is a violation of federal copyright laws.

REALTOR® Magazine-Daily News-Fannie and Freddie Offering Hard-to-Beat Deals

REALTOR® Magazine-Daily News-Fannie and Freddie Offering Hard-to-Beat Deals

Beginning this week, Fannie Mae and Freddie Mac are trying to sell off 150,000 foreclosed homes by offering low down payments, no requirement for mortgage insurance, and up to $30,000 added to the mortgage for renovations. In addition, the real estate practitioner selling the property gets a $1,500 bonus.

In some neighborhoods, these properties undercut the average listing by $100,000.

Fannie and Freddie already have repaired the biggest problems with the property including roofs, plumbing, and electrical work.

Buyers who plan to live in the properties get a 15-day chance to view the homes before investors can purchase them. Investors with cash will likely snap up any properties remaining at the end of the grace period.

“Our goal is to recover as much as we can to offset our loss and not to be low balling properties just to move them,” says a Freddie Mac spokesperson. “We absolutely have no motivation to be leading a downward spiral in home prices."

Source: Smart Money, Anna Maria Andriotis (09/28/2010)

Note: This market is a buyer's and/or Investor's paradise - seize the opportunity and buy low in order to sell high later.