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Creating a Home that Helps the Environment

Wednesday, July 27, 2022
by The Hat Team

Today’s homebuyers are much more environmentally conscious, and they are looking for homes that are eco-friendly. Luxury homebuyers especially want design elements that support sustainability. The National Association of Realtors 2022 Report on Sustainability states that 63% of members noted that promoting energy efficiency in listings was valuable to them. In addition, millennials are big proponents of “green” living and with them currently making up 43% of home buyers, there will be a large desire for eco-friendly homes that will play a part in protecting the planet.

So, how do you make your home eco-friendlier?  It is surprisingly easy to upgrade your home with green features, while keeping it aesthetically pleasing. Here are some ways to get started:

  1. USE ENERGY-EFFICIENT LIGHTBULBS


While they have been around for many years, lots of homeowners are just now beginning to use energy-efficient lightbulbs. They have many benefits, including reducing electricity use and extending the life of the bulb. Per Every Day Health, if each American household exchanged one lightbulb for an energy efficient one, the country would save enough energy to light up to 2.5 million homes each year, and save $600 million in energy costs! One of the most common types of energy efficient lighting are LED bulbs. They come in a larger variety of colors and styles and fit into current fixtures, making switching to energy efficient bulb one of the easiest ways to go green.

  1. MAKE YOUR HOME A “SMART” ONE


Many people may think having a “smart home” is out of reach; that it is something only luxury homeowners can afford. But truthfully, it is one of the best ways to make your home eco-friendly and in the long run, it will save money. Home automation allows appliances to run with the lowest amount of energy required, thus creating lower bills for the homeowner. Automated controls save money, time, energy and reduce your carbon footprint. It is a win for everyone to add smart home technology!

  1. INSTALL A “GREEN ROOF”


The desire to eat healthy has many people participating in home gardening. With that in mind, urban homeowners have started installing green roofs. There are many benefits to green roofs; they don’t require a backyard, they provide natural cooling, and they are aesthetically pleasing. But most importantly, they are energy efficient. During the summer a green roof protects the building from direct solar heat. When winter arrives, it minimizes heat loss thanks to the extra insulation on the roof. And finally, thanks to the energy conservation it provides, there are fewer greenhouse gas emissions.

  1. CREATE A “LIVING WALL”


If you enjoy gardening and desire to be environmentally friendly, consider creating a living wall in your home. Not only is a living wall a beautiful, organic addition to your living room, entryway, or terrace, but it is also very eco-friendly. It provides natural insulation, reduces energy consumption, and aids in humidity level maintenance. Living Walls are especially popular in hot climates because they require less energy to cool your home.

  1. CHANGE TO LOW-FLOW SHOWERHEADS


Did you know that showers make up about 30% of household water use? If you want to conserve water, switching to a low-flow showerhead is the way to do it. It is possible to save approximately 2,900 gallons of water yearly by using low-flow showerheads! Not only will you decrease your home’s water consumption by installing low-flow showerheads, but you will also save energy, lower heating expenses, and reduce your monthly water costs.

These are just a few ways to begin making your home as environmentally friendly as possible. We only have one earth…let’s all do what we can to take care of it!

If you are in the market to buy or sell a home (or both), let me, Sandra Nickel, and my Hat Team of Professionals assist you with all your real estate needs! Call us today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information.

Photo credits: housing.com, homeselfe.com, safewise.com, smartcitiesoworld.net, thestar.com, hgtv.com

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922 Ryan St: Cute as a Button Highland Park Cottage

Friday, July 22, 2022
by The Hat Team

922 Ryan Street, Montgomery, AL   36107

MLS# 521545

2 Bedrooms | 1 Bath | 1,512 square feet | Highland Park

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This Highland Park cottage is cute-as-a-button! And, move-in ready! Nice hardwood floors, built-in china cabinet in dining room, and updates to the kitchen and bath. Both bedrooms are well proportioned. Large, fenced back yard is great for pets, and there is a large workshop/storage building out back with a roll-up door for storing riding lawn equipment. Great starter home or investment property. Has rented in the past for $850/month.

Marketed by Montgomery AL Realtor, Billy Young, Sandra Nickel Hat Team!

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Crucial Things to Remember When Relocating

Wednesday, July 20, 2022
by The Hat Team

Let’s face it - relocating is overwhelming no matter how well you prepare. There are what seem like a million little pieces that all must fall into place to make a move go smoothly. And even then, it is stressful. You are upending your life; putting everything you own into boxes and bags and making big changes. So, it’s easy to understand how some tasks fall through the cracks and are forgotten. Here are some crucial things that many people forget to do (or don’t even realize need to be done) when moving:

  1. Cancel recurring charges for local memberships. During the chaos of moving, the last thing you are likely to think about are membership fees for things that may not transfer to your new place of residence, like a gym membership.  And if those fees are automatically charged to your credit or debit card you need to cancel those memberships at least a month before you move so that you don’t continue to get charged even when you’re not there to use them any longer.
     
  2. Call your car insurance company. Per the Department of Motor Vehicles, it is vital to check on your car insurance when moving, as states have varying levels of required coverage. In fact, insurance rates can even vary from neighborhood to neighborhood in the same city. So, make sure you call your insurer before you move to see if you need to update or change your coverage at your new address.
  3. Change your address early. Changing your address is easy using the online form provided by the U.S. Postal Service, but do not wait until the last minute to do it! If you want to be sure that your mail arrives at your new home in a timely manner, complete the form about two weeks before you move. 
     
  4. Take care of your finances. During the whirlwind of moving, it is easy to forget the everyday tasks that are a normal part of your routine…like paying bills. It is also easy to lose track of paper bills among all the boxes you’ve packed. Take the time to set up auto pay for things at your new home like mortgage/rent, phone, utilities etc. This can help assure an on-time payment during a hectic time. Designate a spot for mail both in the home you are packing up and in your new home so that paper bills are not lost in the shuffle.
     
  5. Change your billing address on credit cards. Don’t get caught by surprise when your billing address does not match the address on your credit card because you forgot to change it when you moved. Some transactions now require that you put in your billing zip code when using your card, so if that has changed, then you need to change it on your credit cards as well. The last thing you want is to deal with a transaction being denied and then finding out it was simply because you had not changed the address on your card.

Yes, relocating is stressful. But taking care of these often-overlooked tasks will make it a little bit easier!

If you are in the market to buy or sell a home (or both), let me, Sandra Nickel, and my Hat Team of Professionals to assist you with all your real estate needs! Call us today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information.

Photo credits: hrkfamilylaw.com, blog.hireahelper.com, home.com

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1123 Westmoreland Ave: Mid-Century Home in the Heart of Cloverdale!

Monday, July 18, 2022
by The Hat Team

1123 Westmoreland Avenue, Montgomery, AL 36106

MLS# 520100

3 Bedrooms | 2 Full Baths | 1,975 square feet | Cloverdale

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Welcome to this mid-century home in the heart of Cloverdale! Situated on a corner lot, this contemporary Midtown Montgomery home has an open floorplan that centers around a fabulous modern kitchen with a copper island with plenty of workspace and storage. The large living room has built-in bookcases surrounding a wood burning fireplace, wall of floor to ceiling windows and an adjacent sunroom/den/workout room with doors leading to the brick patio which overlooks the saltwater pool - incredibly low maintenance and a lovely yard. Other features include updated bathrooms, wood flooring, a separate laundry room, a wonderful, raised bed for gardening and a carport. Yes, covered parking! The Community Garden is just next door and walking distance to both Fairview and A&P restaurants, shops and entertainment. Check it out today!

Marketed by Montgomery AL Realtor, Lauren Keen, Sandra Nickel Hat Team!

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2172 Campbell Rd: Private Oasis in the Heart of Allendale!

Thursday, July 14, 2022
by The Hat Team

2172 Campbell Road, Montgomery, AL 36111

MLS# 519270

4 Bedrooms |  3.5 Bathrooms |  4,259 Square Feet |  Allendale 

Play VisualTour

Welcome to your own private oasis in the heart of Allendale! This beautifully restored contemporary home has new landscaping, sits on almost an acre lot and on a cul-de-sac, which offers a gorgeous setting that feels like you are far away from the city. This Midtown Montgomery home has a wonderful open floor plan perfect for entertaining family and friends. The wide hallway lined with built-in bookshelves leads to the great room with recently updated kitchen with a new island and new countertops, a dining area and living room with a wall of windows overlooking the fabulous courtyard and back yard. At the end of the hall is a huge master suite with its own private deck. Special features are new wide planked wood flooring, spacious bedrooms, sleek bathrooms, a wood burning fireplace and large laundry room. Truly a unique property that is definitely worth seeing in person!

Marketed by Montgomery AL Realtor, Lauren Keen, Sandra Nickel Hat Team!

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Pre-Qualification, Pre-Approval & Conditional Approval: What’s the Difference?

Wednesday, July 13, 2022
by The Hat Team

​

When you are considering the purchase of a new home, one of the first things to think about is if you will be able to get a mortgage loan. At the start of the home buying process, you will hear terms like “pre-qualification”, “pre-approval”, and “conditional approval”.  If you are not familiar with these terms and their meanings, it can add to the already stressful process of entering the housing market as a buyer.

While all these terms may sound similar, they are not the same. Pre-qualification, pre-approval, and the conditional approval letter share common characteristics, but they occur at different times during your journey to home ownership. Having a clear understanding of what they mean will save some of the confusion, time and energy that goes into finding the right home for your budget and your family.

Let’s take a look at each of these terms:

PRE-QUALIFICATION

Getting pre-qualified for a mortgage loan is the earliest step of the three terms we are looking at. A pre-qualification will give you an estimate of how much you may possibly be able to borrow from a lender. Basically, you will provide information such as your financial history and credit report to your lender. You can do this verbally at this stage as it is not an overly comprehensive process. Your lender will use the information provided and will give you an estimate of the amount you may qualify for. This will allow you to explore the mortgage options available to you.

After your lender has determined the amount you pre-qualify for, you will receive a pre-qualification letter. By sharing this letter with your Realtor, they can use it when making an offer to a seller to give evidence of your commitment to and preparation for buying a home.

Remember, a pre-qualification is not a guarantee for a loan. While it is a great way to determine what types of loans are available to you, it does not mean a loan for the amount of the home you hope to purchase is a sure thing.

PRE-APPROVAL

Getting a pre-approval is a more formal process that requires an in-depth investigation of your finances. This process will take place after you have submitted your mortgage application and documentation will be required.

Your lender will need the following:

  • Employment verification (W-2s or 1099s)
  • Bank statements
  • Retirement and brokerage account statements
  • Any other assets
  • Current real estate debt or rental statements
  • Monthly debt payments (student loans, auto loans)
  • Court orders (divorce, child support, alimony, etc.)
  • Tax returns

It may feel overwhelming to provide so much personal, financial information, but it is necessary to obtain a pre-approval for a mortgage loan. Like pre-qualification, you will get a pre-approval letter if your application is accepted by your lender. This letter provides the sellers with the information they need to know that you can afford the mortgage payment and you are ready to purchase a home.

When competing for a home with other buyers, a pre-approval letter can be a game changer, making you look like a serious buyer over others who may not have a pre-approval letter yet.

CONDITIONAL APPROVAL

Conditional approval is also known as “up-front underwriting”.  If you choose this option, your lender will review your finances thoroughly in order to provide you with an exact loan approval amount for the specific home on which you are submitting an offer.

What makes a conditional approval letter different from a pre-approval is in the name itself; there will be a few conditions that must be met before closing. For example, purchase agreements, title verifications, home appraisal, and inspections must all be complete and in order. The closing process cannot begin until all the conditions listed in the letter have been met.

Pre-qualification, pre-approval, and the conditional approval letter all provide validation to both your lender and the seller that you are a serious buyer that can afford the home.

They each serve the same purpose, but you will encounter them in different circumstances within the home buying process. Understanding the nuances and differences now will make you a better-informed buyer and will make the home buying process less stressful for you!

If you are in the market to buy or sell a home (or both), let me Sandra Nickel, and my Hat Team of Professionals assist you with all your real estate needs! Call us today at 334-834-1500 and check out https://www.homesforsaleinmontgomeryalabama.com for more information.

Photo credits: PYMNTS.com, Investopedia.com, debt.com, texaslending.com

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Purchasing a Home is an Excellent Investment

Wednesday, July 6, 2022
by The Hat Team

Investing in real estate is a time-tested way to successfully build wealth.  

While there are many ways to invest your savings, investing in real estate is unique in that it offers cash-flow, liquidity, profitability, and tax and diversification benefits those other investments do not.  If you’ve been thinking about how to build wealth for your retirement, you would be smart to consider investing in real estate.


There are four primary ways to make money in real estate:

  1. Appreciation. When a property increases in value, you have real estate appreciation. Sometimes is happens due to changes in the market and other times it may be due to upgrades made on the property.
     
  2. Cash flow income (rent). Cash flow income is a nice perk of real estate investment that you do not have in other types of investments.  It is generated when you purchase a home or apartment building or an office building and rent them out.
     
  3. Real Estate Income.  This is income earned by people who earn commissions through real estate transactions or buy property managers who oversee the operations of rental properties.
     
  4. Ancillary Real Estate Income. This can be a huge source of profit.  Things like application fees, vending machines and laundry facilities are money makers that go beyond the monthly rent. 


While there are certainly risks that come with investing in real estate, there are a lot of benefits that outweigh the risks:

  • Real estate is something that most people grow up being aware of. You may not have been exposed to things like stocks and bonds, but you likely know the importance of owning a home. Buying a home is an investment that is reachable.
     
  • Having an investment that you can see; something that is tangible, is psychologically important.
     
  • You have the control in a real estate investment.  You do not have to worry as much about being defrauded the way you might when entrusting your money to someone else to invest for you.
     
  • You will reap the benefits of tax advantages.
  • You can use money you make on a home sale to buy more real estate and increase your net worth.

Whether you are thinking of purchasing a home for yourself and investing in your own future by building equity or you are considering buying property to rent out, investing in real estate is great way to build wealth!

If you are in the market to buy or sell a home (or both), let me, Sandra Nickel, and my Hat Team of Professionals assist you with all your real estate needs! Call us today at 334-834-1500 and check out http://www.homesforsaleinmontgomeryalabama.com for more information.

Photo credits: thesavvycouple.com, portugalresident.com, pharmeceuticalonline.com, tmcfinancing.com

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