Tag Archives: home value

How climate change will effect home values

Note: although this story is from Australia is is a good reminder to revisit your home  insurance policies.

Dr Karl Mallon, director of science and systems for Sydney-based consultants Climate Risk, said Australia’s quintessential problem is that “you can build a house which is insurable tomorrow, but is wholly unsuitable 30 years down the track”.

The message follows the release by the independent Climate Council of its latest report, Super-charged storms in Australia, which argues that the nation is highly vulnerable to “storm surges associated with tropical cyclones and extra-tropical cyclones, including [more intense] east coast lows.”

Dr Mallon said that many Australians do not realise that a change in a property’s value does not occur when an extreme weather event takes place, but “when the market realises the event will occur and revalues the house…it’s the homeowner which is the sitting duck in all this.”

He pointed to a “disconnect,” between banks, government planning and the insurance industry, which is leaving Australian homeowners vulnerable to “climate change foreclosure”.

“There are potentially millions and millions of dollars of revaluation that has to happen in the property sector and it’s not going to be pretty. We could end up with suburbs where there is a wholesale collapse in value,” he said, highlighting “erosion, actions of the sea, landslip and ground contraction,” as some of the main impacts which are still largely uninsurable.

“It’s the banks who probably need to lead the charge…to sit down with insurers and planners and say, ‘Will you start providing insurance on this?’.”

read more at: http://www.smh.com.au/business/consumer-affairs/sydney-homeowners-face-properties-being-reduced-in-value-because-of-climate-change-climate-risk-group-says-20161115-gsq5mu.html

disclaimer: for information and entertainment purposes only

Mistakes home sellers make

Being sucked in by “free help”

There’s been a surge in TV and radio advertisements with online companies claiming to find you the best agent, get you the best price and save you money – and it’s all for free.

Before making a decision to sell: Get to know who your local agents are and see how they operate. It won’t take long to find out who the hard workers are, and which ones get the best results.”

Not knowing the true value of your property

In the eyes of a banker, a vendor should have a well-informed idea of their property’s value.

Contact the appraisers at www.scappraisals.com for your home value questions.

The general manager of retail banking for St George Bank, Ross Miller, says: “In our experience, a vendor can avoid making a big mistake by knowing the true value of their property. To get an accurate estimate, do your own research but also obtain professional appraisals from local real estate agents as well as an accredited valuation.”

read more at: http://www.domain.com.au/news/worst-mistakes-sellers-make-20161011-grzlhv/

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How to get the most out of a home solar system

If you’ve already enlisted in the solar energy crusade or are thinking about making an investment in the near future, it’s important to do your research and evaluate how to get the most use out of your solar power system. Ensuring that your system is performing at its max is not only important to meet your electricity needs, but also to recover your upfront costs in the shortest amount of time.

Will it add value to your home?  Contact the appraisers at www.scappraisals.com the only appraisal company in SoCal that specializes in solar.

Evaluate your useage -To optimize usage, you first need to evaluate how you and your family currently use electricity in the home. One way to do this is by having a professional come out and conduct a home energy audit.

During this process, an expert will come to your home and evaluate how efficiently energy is currently being used, as well as suggest methods for improvement. Inspections should be thorough and review the entire structure, from top to basement. The auditor should check things such as your duct blasts, HVAC system, doors, and windows. These tests will reveal problem areas and ways to improve so you don’t end up wasting the valuable solar electricity you’ll be generating.

By figuring out how much energy you currently use, you’ll also be able to better determine the size of solar system you’ll need.

Price shop – If you’ve just begun the home solar process and are looking to compare prices from local installers in your area, try using a trusted solar power marketplace to receive a number of quotes and find a solution that works best for your solar energy project. It’s the quickest way to be able to compare prices and services from companies that are experienced with your solar local programs.

Don’t be afraid to ask plenty of questions of solar installer candidates, including their experience connecting customers to the utility grid, knowledge of state incentives, and maintenance programs offered.

read more at: http://www.motherearthnews.com/renewable-energy/how-to-get-the-most-out-of-your-solar-power-system-zbcz1607.aspx?newsletter=1&spot=headline&utm_source=WhatCountsEmail&utm_medium=email&utm_campaign=MEN%20GEGH%20eNews%208-26-16&utm_term=MEN_GEGH_eNews&_wcsid=B549F6DA891AFF5B19151E535C083A3B40818365ED9222E3

disclaimer: for information and entertainment purposes only