Real Estate Market

It might be coincidental that the new year and the beginning of tax season arrive so close together. Many people resolve to be wiser with their money in the new year, and it just so happens that being smart about your taxes is a good way to get started.

Whether it's your only resolution or just one of a few, sticking to your new year's tax resolutions throughout the whole year is the trick to being successful. And just like taking losing weight during the year will have you in better shape for the future, following your financial resolutions can make tax time far easier next year.

Use these tips to help build a successful approach to your tax resolution.

• Get started now. Procrastination can be your downfall - it often happens that the longer you put something off, the more daunting a task it seems. And the last thing anyone needs is an excuse to be more overwhelmed by the thought of working on taxes. If you know that you struggle with preparing your return, make the call to a professional who can help you. But again, don't wait - tax preparers' appointment books fill up fast during tax season.

• Set up a filing system - and stick to it. The flurry of paperwork is stressful enough when you're doing your taxes - not being able to find a necessary slip of paper only makes it worse. Create files for receipts and other documents and be sure to keep them updated. If you want to go digital, use a scanner to file everything neatly away in specialized folders on your computer.

• Take advantage of tax-saving benefits offered by your employer. If they're available to you, consider how much smarter it is to use pre-tax dollars for things like medical expenses and child care. If you need more guidance about how to best take advantage of the offered programs, check with your human resources department, or your own tax preparer or financial planner.

• Promise to give yourself a tax check-up twice a year. Don't let yourself be shocked when tax time rolls around - the psychological and financial stress of being unprepared for a big tax bill can take a major toll. Do yourself a favor by checking on your tax liability a couple of times through the year. If you need to make adjustments to your withholding, do so as quickly as you can. Even if you find that nothing needs to be changed, you'll have something to smile about and one less worry to occupy your mind.

• Make it a habit to save. Putting extra money away is always a good habit, whether the intent for it is to help pay off tax bills or to purchase a new vehicle. Giving yourself a little extra cushion to fall back on doesn't have to make you feel fiscally stressed, though. Put away $20 here and there, or have a percentage of your paycheck sent directly to a savings account, and you'll be excited by how much you have at the turning of the next new year.

Bothersome as taxes can seem, if you prepare for them throughout the year, you might find the experience far easier the next time you have to file. For more ideas about a financially sound new year, visit blog.equifax.com.

 (ARA)

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Environmentally friendly features have become more important to home buyers according to the 2012 Home Buyer and Seller Profile published by the National Association of Realtors. The importance of various features such as heating and cooling, energy efficient appliances and lighting, landscaping, and an environmentally friendly community differ by region.

• Commuting costs and environmental efficiency have increasingly factored into home buying decisions due to higher energy costs, but also due to overall concern for the environment.
• Factors that are most important to buyers are those directly related to the buyers’ pocketbook.
• Heating and cooling costs were at least “somewhat” important to 87 percent of home buyers.
• Commuting costs were at least “somewhat” important to 73 percent of home buyers.

Now take a look at how the Midtown Montgomery real estate market performed in 2011.

Midtown Montgomery real estate sales statistics for 2011 show the average sales price decreased by 8% to $126,628 when compared to 2010.  The number of homes sold decreased by 18% in 2011.  The median sales prices decreased by 5%, and market times increased 3% or 4 days.  The highest selling home price decreased by 13%, and the lowest selling home price decreased by 99%.

For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.

Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.

A gas fireplace can add ambiance and warmth to any room, and with the cold weather, you might be dreaming of adding one in your home. Because purchasing a fireplace is not something we do every day, there are some important things to consider.

If you have lots of questions, you're not alone. It's smart to do your research and get advice from the pros. Joel Ginsberg, retail manager and fireplace expert for Fireside Hearth & Home, offers some important considerations so you get the right gas fireplace for your home.

Are you adding a new gas fireplace or converting an existing masonry wood-burning fireplace?

Many people choose gas fireplaces for the convenience. You can heat your home and enjoy beautiful ambiance by simply touching a remote control or wall switch. Whether you're starting new, or want to replace an old fireplace from the 70s or 80s, there are plenty of affordable options.

Already have a wood-burning fireplace? Consider transforming it with a cleaner and more efficient gas fireplace insert that fits directly into the existing opening. As part of the installation, two liners are installed inside the chimney; one expels the fire's combustion exhaust and byproducts outside the home, the other draws in outside air for combustion. This guarantees no room air is used for combustion which stops heat loss and protects the indoor air quality of your home. You get the benefits of gas without having to replace the entire fireplace.

What style fireplace fits your home?

The sky is the limit when it comes to fireplace design. Whether you prefer the traditional stone fireplace designs or you favor sleek modern styles, there's bound to be something to complement your home's interior design.

The look of the fire itself comes with many style options. Traditionalists prefer realistic manufactured logs with burning embers. However, if your design style leans toward contemporary, you might like options like the Cosmo 32, manufactured by Heat & Glo. These styles are inspired by European designs that have features like linear flames that flicker in unison, unique materials like black onyx, and panoramic viewing angles of the fire. Placement is also being redefined, as modern style fireplaces are often positioned at a higher level, evoking a living piece of fine art. To find out which style is best for you visit www.fireplaces.com.

What are your heating efficiency requirements?

Did you know a gas fireplace or fireplace insert can help reduce your heating costs? Similar to the premise of a hybrid car, you can turn down your home's thermostat and Zone Heat the rooms you use most with an efficient gas fireplace. This cuts down on the amount of fuel consumed by your furnace and can help to reduce home heating bills by 20 to 40 percent, according to the Hearth, Patio and Barbecue Association.

Do you want a vented or vent-free gas fireplace?

Depending on the manufacturer and model, gas fireplaces can be vented or unvented. Direct vented gas fireplaces have sealed combustion systems that protect indoor air quality by drawing outside air for the fire and expelling 100 percent of combustion exhaust and by-products outside the home, resulting in a safe, beautiful fire. In contrast, unvented (a.k.a. vent-free or vent-less) fireplaces lack sealed combustion or venting systems, drawing indoor air and oxygen for the fire, while expelling exhaust and byproducts, like carbon monoxide, nitrogen dioxide and moisture, into the home. While unvented units are legal in many areas of the country, some hearth manufacturers, remodelers and hearth retailers will not sell them due to safety and moisture/condensation issues.

What is your budget?

"For the most part, when people enter the store, they assume it will be expensive to purchase and install a gas fireplace or fireplace insert. Most people are pleasantly surprised at how inexpensive it can be," comments Ginsberg.

He says the average price of a gas fireplace including installation is $4,400. For those interested in a gas fireplace insert, the cost can be as little as $2,900 installed.

What is the return on investment?

These days, homeowners want to make sure the money they put into their home adds value. There is good news: Homebuyers consider fireplaces one of the top three desired home features, according to Remodeling Magazine. Also, according to the Residential Cost Handbook, a gas fireplace can add an average of $5,900 to the value of a home. Therefore when it comes time to sell, homes with gas fireplaces have an advantage.

As we head into the cold winter months, it is natural to want to warm up by a fire. Given the potential of increased efficiencies, zone heating to reduce utility bills and hours of ambiance and enjoyment, installing a gas fireplace has a multitude of benefits.(ARA)