A recent study by market research firm, Edelman Berland showed 1 out of 3 people thinking about selling their homes plan to buy a smaller house in the future.
Here are a few thoughts from well-known financial expert, Dave Ramsey. Ramsey discusses three financial advantages that can come from scaling down your home.
- While a smaller home does means you’ll have less space, it also means you’ll spend less time and money on maintaining your home. This usually means a lot less stress.
- Plus, you can save more money. For example, if you saved $500 a month on your mortgage payment, you’d be able to put $1–1.6 million more in the bank to help support you as you get older.
- You can also eliminate your mortgage by taking the proceeds from the sale of your old, bigger home and paying cash for a smaller, less expensive one. If that’s not an option, you can at least do a 15-year fixed rate mortgage. You can get about a 3% interest rate with a 20% down payment on your new home. So you could add the $500 you save every month to your new mortgage payment. You could pay off a $200,000 mortgage in just over 10 and half years and save nearly $16,000 with this strategy.
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May is a great time to get outside and prep your home for the summer months.
So today let’s look at what you can do (or hire someone else to do) inside and outside of your home to get it summer-ready. I’ll also share a few things to get your house storm-ready too.
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Inside Your Home
Ongoing Maintenance Tasks (usually monthly)
- Inspect and replace AC and humidifier filters. You should do this at least every 3 months.
- Give your home the once over. Wipe down and dust all surfaces.
- Examine batteries in your smoke alarms and other monitoring devices.
- Clean mildew from showers, baths or any other areas that tend to get wet.
To Prepare for Summer
- Change your bedding for the hotter months. Store unnecessary blankets or heavy comforters.
- Make sure your attic insulation and ventilation are working properly.
- Service your AC system now to avoid the summer rush. You don’t want to lose use of your system during Savannah’s sweltering summer months.
- Inspect and fix shutters, windows and door screens.
Outside Your Home
Ongoing Maintenance Tasks (usually monthly)
- Examine your roof and replace all loose, missing or broken shingles.
- Remove moss from your roof and driveway.
- Inspect your home’s foundation for water damage.
To Prep For Summer
- Add awnings to provide extra shade for your home.
- Uncover, clean and or pressure wash outdoor furniture and patios or decks.
- Get your grill ready (clean and replace old utensils) for those summer BBQs.
- Remove any vines from your house to prevent rot, insects and rooting.
- Check downspouts and make sure they’re a minimum of extend 3 feet from your foundation.
- Examine exterior paint and touch up or repaint as needed.
For Gardeners Only
- Roses – prune climbing roses back to 4-5 feet long, look for mildew and black spot symptoms on bushes. If infected, attend to, and keep fertilizing
- Herbs – plant and grow
- Vegetables (warm-season) and beans – plant
- Tomatoes – stake so they will grow upright
- Houseplants – move appropriate ones outdoors for warmer months
- Irrigation System – test before it gets too hot
- Warm-season Turf Grasses – fertilize and if you have Zoysia or Bermuda use high-nitrogen fertilizers
- Poison Ivy and Weeds – Get rid of these early before they start to spread
Getting-Ready for Storms
- Clean out and organize your garage in case you need to bring your car or cars in during a dangerous storm.
- Make sure your window seals and weatherstripping do not leak.
- Find any cracks or faults along your windows and fix them.
- Inspect attic fans and turbine vents mounted on your roof and remove obstructions as necessary.
Contact Me Today
If you need help finding service providers to help you with these tasks, feel free to give me a call. I have worked with many over my years as a real estate investor and can help you find good, quality people.
Also, if you’re seeking to buy or sell your home, get in touch. You can reach me at 912-844-9000 or by filling out this contact form. You can go here to get a free assessment of the value of your home.