Archive for Consumer Tips
What five projects add the most value to a home?
Posted by: | CommentsDespite the recent slide in home values across the country, remodeling projects continue to be considered among the safest places to invest during these uncertain economic times. Statistics from the National Association of Realtors show the while home prices have fallen an average of 7% nationally, the value of investment in home remodeling projects has declined only 3.86% according to Remodeling Magazine’s 2008-2009 Cost vs. Value Report.
Cost versus value studies are created annually to review all types of remodeling projects and identify those that offer the most return on investment. In recent years, the top three projects that offer the highest returns have remained the same.
At the top of the list is replacing siding on the home with one of the many upscale fiber cement products on the market. The second best home improvement investment is the installation of a midrange wood deck. The third highest return is a midrange siding replacement project with a vinyl siding product. Fourth on the list is siding replacement using the upscale foam-backed vinyl. And rounding out the list at number five is a midrange minor kitchen remodel.
What is the common theme amongst the first four projects on the “best investment” list? If your project adds curb appeal, it will always result in high returns.
Dig a bit deeper into the list and you will find the next category of projects that yield the highest returns focus on window replacements of various types. Why? Like siding, these are often projects of necessity. Also, consumers have a much greater awareness of energy efficiency and with the rising cost of energy, homeowners are aware that window projects are often essential to controlling energy costs.
Not surprisingly, when it comes to traditional remodeling projects, kitchens and baths are the smartest place to spend your money. This is where the consumers still expect the money to be spent when looking for a home. In fact, kitchens are the only interior project type to be found in the top ten remodeling returns on investment.
The message to consumers – putting money into your home is still a very good investment – just be wise with your selections to ensure you do not turn off potential buyers and remember that projects focusing on curb appeal currently result in your best investment.
Geoff Horen is President of The Indianapolis Remodelors Council and the Chief Executive Officer of The Lifestyle Group, an award-winning residential remodeling company that services Central Indiana homeowners. He can be contacted at 317-352-9022 or Geoff@lifestylegroup.com.
DIY Mart starts today!
Posted by: | CommentsYou can find all sorts of new or used odd lot building products at the sale – cabinets, hardware, plumbing, roofing, lime green toilet taken out of a recent remodel, you name it!
The sale will be held Friday, May 29 from Noon to 6 p.m. and Saturday, May 30 from 9 a.m. to 2 p.m. at the Habitat for Humanity Re-Store, 1011 E. 22nd St. The DIY Mart is in the rear yard so simply walk straight through the Habitat Re-store.
Cash, Mastercard or VISA only, no checks. Plan to haul away your treasures that day.
Proceeds from the sale, which will be open to the public, will benefit the BAGI Remodelors Council. Items not sold during those two days will be donated to the Habitat for Humanity Re-Store.
New Home Tour at The Village of WestClay starts April 18
Posted by: | CommentsGreat new for everyone who loves home tours – here is the first of four shows planned for this year – RD
The Builders Association of Greater Indianapolis and Brenwick Development announce the New Home Tour taking place at The Village of WestClay April 18 through May 3.
This single-location home tour features nine partially-furnished custom homes priced between $286,000 and $1.5 million. The Village of WestClay, a traditional neighborhood development, is the perfect showcase for the wide variety of architectural styles on the tour. Ranging from Craftsman to French Second Empire, these homes fit a variety of lifestyles from maintenance free spaces to spacious floorplans for growing families.
Visitors will discover distinctive home design elements such as private courtyards and other outdoor living trends while also learning about the latest in home energy saving products and building techniques.
The New Home Tour includes new construction from nine association builders: Beazer Homes, Brookshire Custom Homes, The Estridge Cos., DB Klain Builders LLC, Homes by McKenzie, Inc., Shaffer Enterprises of IN, Inc., Homes by Kurt Schmadeke, Woodall Construction Services Inc., and Will Wright Building Corp. The builders themselves will be on hand during the tour to discuss their designs and answer questions.
New Home Tour hours are as follows: Monday through Friday – 4 p.m. to 9 p.m.; Saturday and Sunday – noon to 6 p.m. Admission to New Home Tour is $12 per adult, $6 for children 12 to 5, children 4 and under are free. Tickets are available at The Village of WestClay during show hours. The ticket booth closes one hour before the homes close.
A portion of the proceeds from New Home Tour benefits the Ronald McDonald House of Indiana.
For more information about New Home Tour at The Village of WestClay or to purchase a ticket online, visit www.IndyNewHomeTour.com.
Act Soon to Qualify for $8,000 Home Buyer Tax Credit
Posted by: | Commentsby Shari Held
If you’re considering buying a home you couldn’t have picked a better time. There are great buys to be had, and the latest Federal Housing Tax Credit sweetens the deal even more for qualified first-time homeowners such as John and Romy Kohler.
The Kohlers recently moved to Bloomington so Romy could attend law school. “We were trying to find an apartment in the Bloomington area, but they are so expensive here, we started thinking that we should buy a home,” John said. He investigated potential incentives to home ownership and discovered that the new Federal Housing Tax Credit did not have to be repaid, unlike former incentives that were essentially interest-free loans. “That impacted our decision considerably,” he said.
The Kohlers visited the Highlands, a Beazer community, and ended up signing papers that day. “It is very encouraging to know that there are incentives for people who are still interested in living out their dreams,” he said. “This is a dream come true for us. We are really, really excited.”
A tax credit equal to 10 percent of the home’s purchase price (up to a maximum of $8,000) is now available for first-time buyers purchasing their principal residence on or after January 1, 2009 and before December 1, 2009. “First-time buyers” are buyers who have not owned a principal residence for three years prior to the 2009 purchase date—the date of the closing when the homeowner receives the title to the property. For a married couple, neither partner can have owned a principal residence for three years prior to the purchase date.
Getting the full $8,000 tax credit also depends on income. Single taxpayers with a modified adjusted gross income (MAGI) of up to $75,000 and married taxpayers with MAGIs of up to $150,000 qualify for the full tax refund, while taxpayers with a MAGI of more than $95,000 (single) or $170,000 (married) will not receive a tax credit. The rate of return is modified for homeowners falling within those income brackets. The only “catch” is that the homeowners must use the home as their principal residence for a minimum of three years or risk paying the credit back—some exceptions do apply, however.
Matt and Rachael Cadick had already decided to build a new home on Indy’s south side, so while the tax credit didn’t influence their decision to buy, it still had a significant impact on them. “It was perfect timing,” Matt Cadick said. “My wife and I are just about ready to celebrate our first year of marriage, so it was a very good added bonus to make things easier on us and take a lot of pressure off us.” The Cadicks got paperwork indicating their closing date and the price of the home they are purchasing from Beazer Homes and are applying for the credit now, even though their closing date won’t be until later this year. They plan to use the money from the tax credit to build a fence around their new home and pay off credit card debt.
As the Cadicks found out, it’s very easy to participate in the tax credit program. It’s simply a matter of completing IRS Form 5405 to determine the amount of the credit and claiming it on Line 69 of the 1040 return. No other applications or forms and no pre-approvals are required.
The date of first occupancy or the settlement date for newly-constructed homes must be on or after January 1, 2009 and before December 1, 2009, so if you’re considering purchasing a home, there’s still time.
$8000 Tax Credit for First-Time Homebuyers Available Now
Posted by: | CommentsCredit Offers Up to $8,000 to Qualifying Taxpayers Now
Washington, DC – In an ongoing effort to deliver on swift implementation of the Obama Administration’s recovery, stability and affordability plans, the U.S. Department of the Treasury touted today the availability of an expanded tax break for first-time homebuyers – a provision under the American Recovery and Reinvestment Act of 2009 that will make up to $8,000 available now to qualifying taxpayers who buy homes this year.
First-time home buyers represent a significant portion of existing single-family home sales. In 2008, nearly one out of every two homebuyers were buying for the first time, and the expansion in the first-time homebuyer credit will make it easier for first-time home buyers to enter the housing market this year.
“The expansion of the first-time home buyer tax break as part of the President’s recovery agenda gives money to taxpayers when they need it most, while also targeting an important group of buyers,” said Treasury Secretary Tim Geithner. “We view our economic recovery plan, our financial stability plan and now this homeowner affordability plan as three legs of the same stool – an integrated whole that represents our immediate response to the current crisis. We remain committed to swift, efficient and effective implementation of all of these components.”
The announcement comes on the heels of the first Recovery Plan Implementation meeting led by Vice President Joe Biden at the White House this morning; Secretary Geithner was among several Cabinet secretaries to attend and offer updates on implementation efforts in progress at Treasury and its bureaus. Vice President Biden is overseeing the Administration’s implementation of the Recovery Act’s provisions.
The Internal Revenue Service (IRS) has posted on IRS.gov a revised version of Form 5405, First-Time Homebuyer Credit to incorporate provisions from the American Recovery and Reinvestment Act. Under the new law, qualifying taxpayers who buy a home this year before December 1 can claim up to $8,000, or $4,000 for married individuals filing separately, on either their 2008 or 2009 tax returns. Unlike the prior first-time homebuyer credit, this is money individuals do not need to pay back.
To view the form and additional information on who can and cannot claim the credit, income limitations and repayment of the credit, please visit IRS.gov or go online to www.FederalHousingTaxCredit.com
Energy Efficient Appliance Rebates end April 30
Posted by: | CommentsLt. Governor Becky Skillman has announced the availability of rebates that will help Hoosiers offset the cost of heating their homes, washing clothes or even taking a shower. The Indiana Residential Energy Efficiency Rebate program will provide cash rebates for the purchase and installation of energy efficient furnaces, boilers and water heaters in existing Indiana homes.
This rebate program is all about Hoosiers making a difference at home,” said Lt. Governor Becky Skillman. “Installing a more energy efficient furnace or water heater means homeowners can reduce the amount of energy they use to stay warm or have hot water, and save money on their utility bill at the same time.”
A total of $250,000 is available for the rebate program, which is being administered by the Indiana Office of Energy Development. Funding for the program was provided by the U.S. Department of Energy.
The rebates, which range from $75 to $400, are available for existing single family homes that are the primary residence of the applicants. Applicants must have a household income of $75,000 or less to be eligible for the rebate program. The rebate application must be approved before any work is done. Applications must be received by April 30, 2009 to be considered. The guidelines for the rebate program are available for download at www.energy.IN.gov.
Forbes names Indy one of 25 strongest housing markets
Posted by: | CommentsTo compile this list, they asked Moody’s Economy.com to look at metro areas with populations over 500,000 to find those closest to recovery. The firm prepared forecasts through 2011 and compared them to prices in the second quarter of 2008, which are the latest figures available, to calculate how far prices will likely fall before reaching bottom. The percent figures are price drops between second quarter 2008 and the projected bottom.
Indianapolis Metro
Population: 1,795,100
Bottom expected: late 2010
Forecast price change to bottom: -3.2%
Love both your spouse and your house this Valentine’s Day
Posted by: | CommentsCase Handyman and Remodeling of Carmel will host a free kitchen remodeling seminar on Saturday, February 14 from 9:00 a.m. to 10:30 a.m. at their design center located at 108 West Carmel Drive, Carmel. This will be the first in a series of free monthly seminars relating to home remodeling and renovation.
Larry Greene, president of Case, will discuss how to choose a kitchen remodeler, remodeling design ideas and trends, as well as what to expect during a kitchen remodel, how to create a budget, and how to live through the process with minimal disruption.
Attendees are asked to RSVP by Monday, February 9th by email to caseadmin@indy.rr.com or by calling 317-846-2600.
Case Handyman and Remodeling of Carmel is an Angie’s List Super Service Award winner for 2008 in four categories including kitchen and bathroom remodeling. Case was also recently recognized by Qualified Remodeler magazine as one of the top 500 remodeling firms in the nation.
About Case
Case Handyman and Remodeling is an award-winning and highly-reviewed full-service remodeling organization serving the Hamilton, Boone and Marion County areas since 2003. Backed by 47 years of award-winning remodeling industry experience, Case is the nation’s largest full service remodeling organization, providing kitchen and bath remodeling, general remodeling and handyman services with in-house designers and lead carpenters and a 2-year warranty on all projects. Appointment scheduling is available by calling 317-846-2600 or online at www.caseremodeling.com.
Preventing Frozen Pipes
Posted by: | Commentsthanks to www.StateFarm.com
An average of a quarter-million families have their homes ruined and their lives disrupted each winter, all because of water pipes that freeze and burst.
And recovering from frozen pipes is not as simple as calling a plumber. An eighth-inch (three millimeter) crack in a pipe can spew up to 250 gallons (946 liters) of water a day. Both plastic (PVC) and copper pipes can burst.
By taking a few simple precautions, you can save yourself the mess, money and aggravation frozen pipes cause.
Before the cold hits
Insulate pipes in your home’s crawl spaces and attic. These exposed pipes are most susceptible to freezing. Remember – the more insulation you use, the better protected your pipes will be.
Heat tape or thermostatically-controlled heat cables can be used to wrap pipes. Be sure to use products approved by an independent testing organization, such as Underwriters Laboratories Inc., and only for the use intended (exterior or interior). Closely follow all manufacturers’ installation and operation instructions.
Seal leaks that allow cold air inside near where pipes are located. Look for air leaks around electrical wiring, dryer vents and pipes. Use caulk or insulation to keep the cold out and the heat in. With severe cold, even a tiny opening can let in enough cold air to cause a pipe to freeze.
Disconnect garden hoses and, if practical, use an indoor valve to shut off and drain water from pipes leading to outside faucets. This reduces the chance of freezing in the short span of pipe just inside the house.
When the mercury drops
A trickle of hot and cold water might be all it takes to keep your pipes from freezing. Let warm water drip overnight, preferably from a faucet on an outside wall.
Open cabinet doors to allow heat to get to uninsulated pipes under sinks and appliances near exterior walls.
Before you go away
Set the thermostat in your house no lower than 55°F (12°C).
Ask a friend or neighbor to check your house daily to make sure it’s warm enough to prevent freezing or
Shut off and drain the water system. Be aware that if you have a fire protection sprinkler system in your house, it will be deactivated when you shut off the water.
If your pipes freeze
Don’t take chances. If you turn on your faucets and nothing comes out, leave the faucets turned on and call a plumber. If you detect that your water pipes have frozen and burst, turn off the water at the main shut-off valve in the house; leave the water faucets turned on. (Make sure everyone in your family knows where the water shut-off valve is and how to open and close it.)
Never try to thaw a pipe with a torch or other open flame. Water damage is preferable to burning down your house. You may be able to thaw a frozen pipe with the warm air from a hair dryer. Start by warming the pipe as close to the faucet as possible, working toward the coldest section of pipe. Do not use electrical appliances in areas of standing water because you could be electrocuted.
Top home building trends for 2009
Posted by: | Comments
Smaller, Smarter and Greener Top the List
Private retreats, smart storage and energy efficiency are in, along with smaller homes, an affordable price tag and healthy green living spaces.
These are some of the trends in new home construction for 2009 from builders who say the financial climate, a growing eco-consciousness and the tendency toward cocooning has led to a rethinking of home design, with more attention being paid to size, economy and ecology.
“Buyers right now are focused on an affordable monthly mortgage payment, low utility bills and a home that fits their lifestyle while maximizing every square foot,” said Erika Frantz, Vice President of Sales and Design Studio. “They want all the rooms and every bit of space in the home to work for them — and without sacrificing luxury.”
The “less is more” idea has some builders scaling down the size of their homes. Beazer, for instance, found that by eliminating walls and underused hallways, it is able to use every square foot in the home more efficiently and “design homes that may be smaller, but feel just as big,” said Frantz.
Many think 2009 will go down as the year green goes mainstream and homebuyers become much more savvy about the need for eco-friendly options. A recent study of 2,300 homeowners by the National Association of Home Builders found that more than 50 percent of those surveyed said they would pay $5,000 to $11,000 more upfront for a new house if they could save on their utility bills.
Beazer is among the only national homebuilders including energy and water savings features as standard in every new home. Programmable thermostats, energy-saving appliances, compact fluorescent light bulbs, better insulation and advanced HVAC systems help keep utility bills down — with estimated savings of at least $500 annually — and are part of Beazer’s ongoing commitment to move toward more sustainable building practices.
Other trends worth watching include:
Smarter storage. Making every inch count translates to more room for smarter storage, which is fast becoming a necessity in nearly every room in the house. Must-haves include closet organization systems, home entertainment centers, and laundry rooms with built-in storage that keep soaps, detergent and other cleaning supplies behind closed doors.
Cleaner air. Mothers with small children increasingly are more concerned with air quality. Builders like Beazer are using paint that is low in volatile organic compounds (VOCs) as well as improved air filters that trap harmful allergens to contribute to a healthier indoor environment for the whole family.
Built-in flexibility. As baby boomers age, manufacturers are developing new products and are re-thinking others to help people better navigate their home life. Shelves that slide out for easy reach and dishwashers that can be loaded from a wheelchair help make life simpler without skimping on style.
Uncompromised kitchen. A hard-working and great looking kitchen remains the most important area of the home. An abundance of rich cabinetry, spacious center islands, and sleek appliances that look built in ensure the busiest room in the home efficiently accommodates a bevy of activity.
Pet care. TV programs for foodies have elevated the kitchen to chef status, and now animal subject channels are doing the same for pet owners. Enter the pet care center where you can wash and pamper your pooch in the privacy of your own home — without making a mess of the bathroom.
Shades of gray. The search for a comfortable and tranquil home environment and a resurgence of softer pastels from the mid-century modern era of the ‘50s and ‘60s is leading a trend toward multiple shades of gray on walls and soft pink — everywhere. Also look for vibrant dabs of color on kitchen backsplashes and bathrooms.
Outdoor living. The trend toward living outdoors continues to flourish. Outdoor kitchens with everything from elaborate grills, refrigerators, televisions and wine coolers are sought-after items for both single-family homebuyers and those who prefer a condo or townhouse.

