Home Buyer Information

How To Protect Your Greatest Asset – Your Home – From Subterranean Termites

When it comes to protecting your home’s value, you have no control over some of the factors that influence real estate values, like nearby retail development or the job market in your area. You can, however, take control over one major factor in your home’s value, its health and the health of your neighborhood – termites.

Termites cause more than $2 billion in damage every year to homes in the United States, and statistics show that’s likely more damage than what fire, storms or earthquakes cause.

Subterranean termites are unlike many other problematic insects or rodents in that they forage for food 24 hours a day, 365 days a year. They feed on wood and cellulose products, which are part of your home’s construction.

Termites live in colonies underground or above ground in moist areas, according to the National Pest Management Association (NPMA). Each colony can contain up to 2 million termites – meaning your home could have several million termites living around the foundation and they are constantly seeking a food source.

It is important to be able to spot the signs of a termite infestation by looking around your home. Termites typically create what are called mud tubes and together they travel through these tubes in search of new food sources. Look for these mud tubes along your home’s exterior. Keep in mind that termites are very small in size – from 1/8 to 3/8 of an inch – so they can travel through small non-cellulose cracks in your home, such as through your foundation.

The NPMA offers several tips to help you reduce the possibility of a termite infestation. These include lowering the humidity in crawl spaces or other areas with reduced ventilation to eliminate a moist atmosphere – the kind that termites seek out. Also, it is very important to keep wood or scraps of lumber away from your home. Never pile firewood against your home; that’s a sound food source for Subterranean termites. By putting lumber against your foundation or wall, you’re in essence inviting termites to feed right next to your home.

The Sentricon Termite Colony Elimination System from Dow AgroSciences provides a tough, environmentally responsible solution for protection against termites. The Sentricon System features stations that are strategically placed eight to 10 feet around the perimeter of your home. Bait in each station is highly desirable to termites, so worker termites who are responsible for feeding the colony will feed upon it and bring it back to the colony. Once other termites feed upon it they will start to die off, but even if they don’t feed on it the worker termites already have and once they die off, so does the colony’s food source. Soon the termite colony will be eliminated.

The Sentricon Termite Colony Elimination System currently protects more than 2 million homes. For every system that is used, fewer liquid treatments are being applied, so that means fewer liquid termiticides are being injected into the soil. For more information about the Sentricon System, visit www.sentricon.com.

Buying a fixer-upper? How to make the most of your remodel

With home prices and interest rates still low across the country, and inventories high, it’s a great time to be in the market for a fixer-upper. By buying a house that needs some work, you can achieve your dream home for less than you would probably pay for a move-in-ready abode.

To ensure you’re making the most of your investment, however, it pays to take a look at your credit before you buy and begin your remodel. You’ll not only need credit to cover the purchase price of the house, but you’ll need it for renovation expenses as well.

The first step you should take in your bid to buy a fixer-upper is to check your credit report and score. Websites like www.creditreport.com can help you understand your credit. Understanding your credit will help you know whether or not you can afford to buy a house that needs work and if you’ll be able to pay for the needed renovations.

You should also carefully research what your options are for financing your remodel. Learn what your options are, from traditional fixed mortgages to home equity lines of credit, and decide before you buy which type of financing will be best for you. Getting a handle on your financing before you buy can help ensure you stay on budget when you’re in the middle of renovations.

When you’ve got a clear picture of your credit status and financing options, you can start looking at fixer-uppers. When you find a good prospect, have your remodeling contractor walk through the house with you so he can give you a rough estimate of what needs to be done and how much the work will cost.

If you’re buying a house that’s in basically good condition but just looks dated, you’ll have to make some decisions about where to invest your money. Focus on improvements that will not only look good, but will also enhance the value of your home. Resources like Remodeling Magazine’s Cost vs. Value report can give you a good idea of how much of your original investment you’ll recoup on different remodeling projects at the time of resale.

Once you’ve signed all the paperwork and the house is yours, it’s time to get to work. If you’re handy, you may be able to save money by doing some of the renovation work yourself. Projects like painting, adding crown molding and even putting down new flooring are well within the skills of most do-it-yourselfers. More complex projects like drywall, plumbing or electrical work may be best left to professionals.

Whether you do the work yourself, or hire contractors, you’ll need to carefully manage all aspects of the renovation to ensure your remodel stays on budget. The excitement of remodeling a house into your dream home can make it easy to get carried away on spending. Keep in mind that remodeling estimates are just that – an estimate. The final tab is rarely exactly what your contractor predicted it would be. Build in at least 10 percent extra to cover emergency overruns, and avoid making any unnecessary changes to the plans while the project is underway.