Category Archives: For Your Information

Looking For A House? Savvy Tips For Your Search

Standard
Looking For A House? Savvy Tips For Your Search

House hunting is probably one of the most exciting and important things that you will ever do. You are looking for a place that you will be investing lots of time and money in, as well as living in, so you are definitely going to want it to be one hundred percent right. That means you have to be savvy and up to speed when looking for your new property. Whether you are house hunting solo or working with a trusted Realtor, read on to find out all you need to know about being a smart home hunter and finding the place of your dreams:

Be ready to move financially:

One thing that savvy house hunters do to speed the process up and make it less stressful is to make sure that they are ready to move financially before they start looking. That means that they have their deposit saved, they have their mortgage approved provisionally, or they have their previous house sold. This also means no going to open houses unless you are truly in a position to make a move if you like it. Otherwise, you risk finding your perfect home and not being able to do anything about it. Then, you will experience the heart break of having to watch as someone else waltzes in and takes it out from under your nose.

Having your finances in order is essential, because as soon as you see a home that you like, you can swoop in and make an offer. This makes the process a lot quicker for you, and it also stops other people from getting there first.

Know your budget and what you can get for it:

Next, savvy home hunters are well aware of their budget before they start looking and they are able to adhere to it. Sure, it can be fun to look at places that stretch the budget, especially if they have everything on your wish list, but the fun will stop once you realize that there is no way that you can move forward with the purchase.

Having said this, some folks do anyways and then get stuck with a property that they cannot comfortably afford. This means that they risk a reduction in the quality of their life and possibly foreclosure if they get too far behind. Obviously, neither of these situations are ideal.

The key question that you need to ask yourself is whether what you want and what you can afford actually tally up. It’s easy to get into a situation where we think that we should have a huge home with all sorts of amazing additions, especially since we see them on TV all of the time. However, back in the real world, your budget may just not stretch to that, so as a smart home hunter, you need to have a serious reality check before you even start to actively look for homes.

savvy1

#ballinonabudget

Consider all of the options:

Savvy home hunters are particularly clever when it comes to exploring all of the options available to them. That means that they look at houses, apartments, and bungalows before making their final decision. It also means that they consider better value options such as resale hdb instead of new builds, micro houses, or even houseboats. Remember for a smart house hunter, the main goal is for the property to meet their needs and be within budget, and if a more alternative option does this, then it shouldn’t be ruled out as a contender.

savvy2

A big house may seem appealing, but remember the cost!

Decide on a location:

The importance of location when buying a property is well known, and another strategy that savvy home hunters use is to know exactly which locations they want and then stick to it.

To be able to do this yourself you will need to do your research first. A good way to go about this is to write down a list of attributes that you want the area to have. These may include being picturesque, modern, city central, near to good schools, and the like. Then, use this list as a guide when looking at possible locations. However, while using the list, you must always remember to cross-reference this with whether the types of properties available there fit in with what you need and your budget.

savvy3

Keys, please!

With the tips above in mind, you will be a savvy home hunter in no time! Make your list, check your budget, and hit the market for your dream home!

Featured Image By: Flickr

Halloween Heaven Guest Bloggers Series Conclusion

Standard
Halloween Heaven Guest Bloggers Series Conclusion

Hi everyone and happy Sunday! Yesterday, my Halloween Heaven guest bloggers series had its grand finale with a party guide to celebrate all things spooky fun. We are now back to a normal week on lifewithlilred starting on Monday, which will include posts about my trip to NYC to meet the wonderful, beautiful, charming, talented Kate of Ankhor You. Spoiler Alert: IT WAS GREAT!!!

But, before that, I want to extend a most heartfelt thanks to all of my incredible guest bloggers for helping to put lifewithlilred into the Halloween spirit! Each and every post was exactly what I was hoping for and I am so happy to have been able to share your work on my page. All of you are welcome back any time on lifewithlilred and thanks again for all of your hard work!!

What was your favorite post from my Halloween Heaven guest bloggers series? Who will be joining me on lifewithlilred for a winter themed series come December? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Let The Halloween Heaven Guest Bloggers Series COMMENCE!

Standard
Let The Halloween Heaven Guest Bloggers Series COMMENCE!

Hello everyone and happy weekend!! Tomorrow begins lifewithlilred’s Halloween Heaven guest bloggers series and I, for one, am really freaking excited. I have a bunch of incredibly cool posts to share with you brought to you by some of the best makeup artists, photographers, chefs, and writers that I know.

This guest bloggers series is going to be a fun change of pace from the fashion based series (Which I’ve loved!) that have graced lifewithlilred in the past. The Halloween Heaven posts that will launch tomorrow are all made by brand new (and one returning) guest bloggers on my page and I am so thrilled to share their talent with all of you.

I hope that you all are ready for some Halloween themed fun on lifewithlilred! I SURE AM. What was your favorite Halloween costume that you’ve worn? What is something that you enjoy doing during this spooky time of the year? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Last Call For Mini Halloween Series Guest Bloggers

Standard
Last Call For Mini Halloween Series Guest Bloggers

Hellooo everyone and happy weekend! I am still looking for a few more guest bloggers for my mini Halloween series while I am away for a couple of days in October. If you are interested in sharing some spook-tastic fun with my readers in a Halloween themed post of your choice, then please email me at: sarah.mush6794@gmail.com !! THANKS! ❤

Also, be sure to tune in tomorrow so that we can talk shop about the Marilyn Manson concert yesterday! Woooooooooooooooooo! Much love. -Sarah

Protecting Your Home From A Hurricane: 4 Crucial Steps To Take

Standard
Protecting Your Home From A Hurricane: 4 Crucial Steps To Take

I’m sure everyone has seen the devastating scenes from Texas in the aftermath of Hurricane Harvey. It’s a truly tragic event that’s left so many homes destroyed and people on the streets. While this particular hurricane was a ‘100-year storm’ it does make us open our eyes and wonder if we’re prepared for any other hurricanes that might hit our homes. Trying to limit the damage to your home is crucial, and there are a few key steps that you can take to keep your property in the best shape possible when natural disasters hit your area:

Secure Your Roof:

Your roof is one of the parts of your house that suffers worse than most. When the heavy rains pelt down and the winds come roaring, it’s normally your roof that takes the brunt of the force. Not only that, but your roof can easily be damaged due to the way that it’s made. Roof tiles can be blown off or shattered, which will lead to severe leaks and a whole lot of property damage.

What you need to do is secure your roof properly. The first way to do this is by checking all of the tiles and ensuring that your roof is in good condition. If not, you should have dodgy tiles replaced or maybe a whole new roof fitted. As you can see with this roofing contractor, there are loads of different materials that you can build a roof out of. Pick one that you know is extremely durable and weather resistant. While you’re at it, get some hurricane straps, too, so you can keep your roof even more secure.

Backup Generators:

If you are living in an area where hurricanes are common, then having backup power solutions are crucial should your power go out. More often than not, power outages during a hurricane are a matter of when not of if. You can explore different options for reliable generators at powergeneratordepot.com (or a similar business in your local area). As well as a backup power source, you should also ensure that your home has a storage of food and safety supplies to sustain your family during the hurricane.

hurricane

Is your roof as secure as possible?

Block Any Gaps:

It’s very common for windows and doors to have tiny gaps in their sealant that can let in drafts of cold air or bits of rainwater. Normally, you don’t notice this, but you will when a storm hits. So, you must block any gaps and secure your windows and doors. Put a fresh layer of sealant around all of your windows to ensure that the wind doesn’t sneak in or rain doesn’t cause leaks. The same goes for your doors, too. You might also want to look into hurricane proof windows for further security and peace of mind if a hurricane hits. Any extra protection is priceless.

hurricane1

Keep everything sealed tight!

Keep Your Front & Back Yards Bare:

Finally, it’s a good idea to limit what you have outside of your house. By this we mean; outdoor tables/chairs, a kid’s playhouse, garden tools, etc. This is because hurricane winds can blow them into your house and cause damage. When hurricane season hits, it’s best to move everything into indoor storage. Also, think about trimming down the trees that are in closest proximity to your home for extra security.

If you know that hurricanes are common in your area, follow these steps right away to get yourself prepared. And, as always, our thoughts are with everyone whose life has been turned upside down by Hurricane Harvey.

Featured Image By: Bit.ly

Monday Update: Falling For Fall Guest Bloggers Series Lineup

Standard
Monday Update: Falling For Fall Guest Bloggers Series Lineup

Hi everyone and happy Monday! This week and the next are going to be very exciting here on lifewithlilred, because my Falling For Fall guest bloggers series premieres tomorrow. Every day you can tune in here at 1 PM for posts from amazing bloggers from all over the world as they tell you how they welcome fall through their travel, beauty, DIY, style, and so much more. It’s safe to say that this series has been one of my favorites yet and I’m really excited to share it with all of you. The lineup will be as follows:

Tomorrow my Falling For Fall series will kickstart for some nonstop fun on lifewithlilred and I just know that all of you are going to love it! How was everyone’s weekend? Are some of your favorite bloggers featured on my lineup? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah

Understanding Reverse Mortgages

Standard
Understanding Reverse Mortgages

A reverse mortgage is a way to increase the money that you have during your retirement by accessing part of your home’s value in the form of actual money. You can borrow up to a certain percentage of the value of your home, and you won’t have to pay it back in the same way that you would a regular home loan. The only monthly installments involved will be the ones that the lender pays to you, unless you request to borrow a large amount at once. You can pay back a reverse loan whenever you want, as long as you don’t move away.

As soon as you leave, the lender can exercise their right to call in the loan, and they can also sell the home to get their money. But, as long as you plan to stay in your house for a while, a reverse mortgage can provide a much needed financial boost in times of trouble.

Who qualifies for a reverse mortgage? There are certain requirements in order to qualify for a reverse mortgage. An individual must own their home outright. If there is still a mortgage balance owed, it must be low enough that it can be paid off at closing. The homeowner is still required to pay property taxes and insurance, so they must have the finances to do so. The individual must be at least 62 years old or, if there are multiple owners, the youngest must be at least 62 years old.

When does a reverse mortgage become due? The reverse mortgage becomes due when the homeowner sells the house, moves out of the property, or becomes deceased. If there are multiple owners, the mortgage does not become due as long as at least one of them still remains in the home as a primary residence. Once the reverse mortgage is due, the balance of the loan must be paid back within six months. If you are nearing retirement, for instance, then you may want to think about how else you can pay your mortgage. You will want to find out the latest RIO mortgage rates from the Halifax Building Society, or a similar company, as you decide if this option is feasible or not for you and your family. You never want this to overextend your budget.

What happens with the estate? In the event that the homeowner or owners are deceased, beneficiaries of the estate can choose to place the property for sale. If the estate sells for more than the amount of the reverse mortgage, the proceeds become the property of the beneficiaries. Should the house sell for less than the total amount of the reverse mortgage, the lender must take the loss. The debt cannot be passed along to the heirs of the estate.

The estate beneficiaries may, instead, choose to pay back the reverse mortgage in order to retain ownership of the property. In this event, they must pay back any balance remaining on the mortgage. This can be done either by using financial assets or by refinancing the mortgage.

What if I change my mind? If a senior citizen obtains a reverse mortgage and then reconsiders, they have the option of paying back the loan early. Prior to September of 2012, lenders could charge a penalty for repaying the loan prior to term. Since then, penalties for prepayments are illegal. However, lenders may charge other administrative fees for processing the early discharge of the loan.

Reverse mortgage counseling: Deciding if a reverse mortgage is right for you depends on many factors, and consumers need to understand all of the pros and cons. An impartial reverse mortgage counselor can fully explain exactly what the loan entails. They will also be able to inform you of other mortgage solutions that you can consider. This is a big decision and you must know all of the facts before making your choice. This counseling is mandatory in order to protect consumers. Counseling may be done face-to-face or over the phone. After providing counseling, the counselor must sign an HECM Counseling Certificate and mail a copy to the homeowner. The copy is presented to the lender along with the reverse mortgage application.

Let’s be honest, any type of financing when it comes to your home can be confusing. It is always best to handle your affairs with the utmost care and to consider how each of your options, like a reverse mortgage, fits into your current lifestyle.

Featured Image By: Flickr

The Fallout: Steps To Take After Suffering Extreme Damage To Your Home

Standard
The Fallout: Steps To Take After Suffering Extreme Damage To Your Home

It’s never something we would like to think that would affect any of us, but with the rise of inclement weather all over the world, it seems more and more likely with every passing year that your home will be involved in some kind of disaster. Whether it be a flood, tornado, earthquake, or a fire, it is a terrible situation to be in. But what happens after the event to your home and to you personally? Let’s try and address the issues about how to repair all the damage after a disaster.

The First Thing To Do:

The first sort of call when it comes to a disaster happening to your home, once everybody is safe, is to get in contact with your insurance company and file a claim. Depending on whether you are renting your home or not, you would still need to make a claim based on the damage to your property or your worldly possessions. It’s your prerogative at the start whether you would want to use a public adjuster to deal with the entire process of the claim, which could help with the building insurance, contents insurance, as well as providing emergency accommodation. These experts work on behalf of policyholders’ interests, so the sooner you are able to engage with reputable Public Adjusters, the bigger the burden they can remove from your shoulders. Once you have met with the public adjuster, they will undertake a fact-finding mission throughout your property, and based on the circumstances of the claim, forensic specialists may be called to undertake an investigation, especially if this was a house fire to determine the cause.

The Next Steps:

Once you have met with the loss adjuster, they will submit a report to the insurance company based on the circumstances surrounding the disaster and they will also recommend whether the insurer should pay your claim or not. They will make a decision on whether the policy you have is sufficient enough to cover the damage, which is a big problem a lot of policyholders have, being “underinsured”. From there, the emergency contractors will be appointed to carry out any works that are urgent, and this could include water damage restoration companies, which will provide their own investigation into the causes. If you have issues in your home with things like running water, they will provide a restoration plan for you. If you live in an area where water damage is a threat to your home, it is advised to have a professional in mind as you never know when you will need them. To find a team near you, simply enter a search for “water damage restoration in Sacramento” (or your local area) so you always have an expert on standby.

Other companies may weatherproof your property or make your home more secure by boarding up the windows or covering the roof. These practical fixes can provide an extra boost of protection. Businesses like Restoration 1 (Or a similar one in your local area) could tend to issues like mold or restoration from fire or water damage.

Should the damage have come from a natural disaster like an earthquake, you will need a professional to assess your foundation and make a plan of repair. The team you choose might recommend soft story retrofitting with a custom tailored plan to ensure long term structural security. This is also a good thing to have ahead of time and not after the fact. To get started on this renovation, simply enter a search for “soft story retrofitting in LA” (or your local area) to find a well reviewed team for the job.

It’s important to note that the insurers might not pay for this work until the claim has been processed, so it would be your responsibility in the meantime to prevent additional damage to your property. After this, the surveyor will assess the overall damage to your property and put together a plan for the reinstatement of it.

The Contents Claim:

If your home was very badly damaged and all of your possessions have been destroyed, it’s important for you to make a detailed list of all of your contents including the cost for replacements. A lot of insurance companies act on a “like for like” basis. But if you are claiming for things like clothes and bedding, they are replaced on what is called an indemnity basis, meaning that there will be a reduction in their value based on the wear and tear of your original items. And if you’ve got a lot of high-end items such as electronic equipment or designer clothes, you need to provide the proof, the makes, models, etc., before the insurance company will accept the claim completely.

The Personal Impact:

As it would be expected, the process of dealing with loss adjusters and the insurance company can be a trying one, especially if you are without a home. During the process, you will be in temporary accommodation, and this could be the emergency accommodation provided at the outset of the disaster. After that, you would have to find long-term temporary accommodation that suits you and your family during the restoration of the property. This can be difficult to acquire, especially if you have a big family or have pets.

It’s at this point where the stress can get the better of you, as you’re not in your own home. During your dealings with the insurance company, you may feel like you’re being passed from pillar to post, but this is a fact of the situation, unfortunately. If your claim is in limbo, it can take some time. And during your negotiation with a loss adjuster, you may not get everything that you wish in terms of suitable emergency accommodation, as you need to agree on a budget with the loss adjuster.

The Final Pieces Of The Puzzle:

Once the ball has been rolling after the tense negotiations, the process of tendering will begin. At this point, the contractors will be appointed to do the work on your home. The contractors are usually specialist ones appointed by the insurance company, but if you want to use your own contractors, you need to be careful with your choice as there are many out there who may not have a good track record. It is at this point where the surveyor will meet with the contractors to solidify the final parts of the work, which will progress until your home is fully restored. It’s important to note that at this point, you may wish to make some alterations to your home, pending the approval of the surveyor. After this, your contents claim would be agreed, items are secured, and you can return home.

While we all hope that it doesn’t happen to us, it’s important that if your home suffers from any type of disaster that you have the right policies in place. If you don’t have any insurance, it is recommended that you get something for peace of mind. If your home is ever going to suffer a disaster, with the right insurance policies in place you know you can, at least, rebuild your life.

Featured Image By: Wikipedia

Friendly Reminder!

Standard
Friendly Reminder!

Hi everyone!! Just so all of you know, I am still on the hunt for a few more amazing guest bloggers for my Falling For Fall series, which premieres at the end of the month while I’m on vaca. From beauty and fashion to travel and lifestyle in the name of celebrating my favorite time of the year, I want it all. If you have any fall themed posts in mind and are interested in being featured on lifewithlilred for the day, please email me at sarah.mush6794@gmail.com for more info! THANKS. -Sarah

Monday Update: This Week’s Lineup Edition

Standard
Monday Update: This Week’s Lineup Edition

Hi everyone and happy Monday! This week on lifewithlilred is going to feature a particularly fun post lineup. Not only will I be announcing my guest bloggers for my Falling For Fall series and showing off my new nails BUT I have a new mini series premiering. Read on to find out more:

As all of you know, I have a deep passion for all things skin care. Keeping my skin radiant and extra pasty pale is something that I take very seriously and a new tool that I’ve added to my skin care arsenal in the past few months is the face mask. These products have been all over the blogosphere as of late and I thought I would join in with my Face Mask Festivities mini series, which will discuss the three face masks that I’ve been alternating between. These posts will contain pictures of the products and my MUG as well as in detail reviews of my face mask experiences. Can’t wait to share my findings with all of you!

What was everyone up to this weekend? What is your favorite face mask to use? I want to hear from all of you, so leave me a comment and let’s chat! Much love. -Sarah