Category Archives: Uncategorized

7 mistakes homeowners make when renovating older properties

Digging into your home’s past can be fun, but it can also help you make aesthetic decisions and avoid costly mistakes. Architect Anik Pearson recalls a New York client who wanted to install a pool in his basement. She referred to historical maps of Manhattan that showed where all the waterways, wetlands and hills existed, and discovered a river underneath the townhouse. “They poked a hole in the basement and sure enough, there was running water. The river was still there.”

In this age of home renovation shows and YouTube tutorials, many homeowners consider bypassing a professional for what they think are easy cosmetic alterations. But mistakes can cost them more than an architect’s fee. A common example is when homeowners try restoring curb appeal with quick-and-dirty fixes, such as power-washing a stain or painting over an ugly house colour.

Stripping or removing paint is especially an area to exercise caution: Although in newer homes it’s safer because modern paints don’t contain harmful substances such as lead, old paints can contain such substances. But simply applying a new coat shouldn’t be a problem for DIYers.

read more at: https://www.domain.com.au/living/seven-mistakes-homeowners-make-when-renovating-older-properties-781230/?utm_campaign=featured-masthead&utm_source=smh&utm_medium=link

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San Diego: Study says you need to make $131k a year to afford a home

San Diego was one of the least-affordable U.S. metro areas for buying a home in the second quarter, said a recently-released study from mortgage website HSH.

Potential buyers needed to make $130,986 a year to afford the median-priced single-family house.

Only two other metro areas were less affordable — San Jose and San Francisco — said the study, which crunched numbers for 50 regions across the United States.

HSH determined rankings by looking at quarterly home price data, local property taxes, homeowner insurance costs and income needed to qualify for a loan. It also assumed that prospective homebuyers made a 20 percent down payment.

The most affordable metropolitan area was Pittsburgh where the required annual salary to afford a median-priced home was $38,253. Other affordable cities for homebuyers were Cleveland ($39,253), Oklahoma City ($40,780).

Keith Gumbinger, HSH.com’s vice president, said rising mortgage rates are only a small part of the difficulty for potential buyers.

“Unfortunately, even if rates don’t go up very much,” he said, “part of the issue we run into is that home prices are rising so quickly.”

San Diego has been locked at the No.3 spot since HSH expanded the study to 50 metros three years ago. Los Angeles was No.4, which usually is seen as less affordable than America’s Finest City — but Gumbinger said the larger pool of homes in Los Angeles reduced the median cost in comparison to San Diego.

read more at: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-hsh-study-20180820-story.html

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ALERT: Destructive ‘super-termites’ discovered in La Mesa

termite

Homeowners in La Mesa are being warned their houses could be at risk of a destructive pest: Formosan subterranean termites.

San Diego-based company Thrasher Termite & Pest Control made the unfortunate discovery this month in a La Mesa home.

“Unlike native subterranean termites, the termites we observed were extremely active, didn’t flee when disturbed, and the soldiers went into attack mode. They had hollowed out large areas of structural wood, always staying just beneath the exterior paint and unnoticed by the homeowner,” said Garrett Thrasher.

They’re deemed “super-termites” due to enormous colonies up to two million strong. The pests can cause significant structural damage within six months unlike traditional dry-wood termites, which take 10-15 years to do similar damage.

read more at: https://www.10news.com/news/destructive-super-termites-discovered-in-la-mesa

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