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What Is Going On With The Housing Inventory Shortage?

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What Is Going On With The Housing Inventory Shortage

We all know that the pandemic has affected many parts of our lives and made us shift in a lot of ways, especially in how we work, have fun, and see our friends and loved ones. Real estate is no exception. If you are thinking about buying or selling a house, you might have heard about a housing inventory shortage. Across the United States, people who want to buy a home are having to compete for the house of their dreams, and people who are selling are taking the highest bidder. You might be wondering why this is happening and what you need to know to face this market. In addition to working with a professional real estate agent, there are some top agent insights to be aware of, that can prepare you for the best possible outcome.

Upgraded homes, please step to the front of the line

More people than ever are buying a property to upgrade, after months confined at home has left them seeing clear areas where they need more space, or more amenities. Maybe it’s a second bathroom, a bigger kitchen, or a backyard that has room for a grill and a garden. Those homes with upgrades, like pools and chef-ready kitchens are hotter than ever. Meanwhile, people who are happy with their homes aren’t moving. This means there is a shortage of desirable homes. Whatever your situation, if you are selling your house to upgrade for a new one, you can use a net proceeds calculator to see how much new home you can afford and then watch the market to see the best time to act, despite the housing inventory shortage.

Now is the time to grab that low-interest mortgage

Mortgage rates have gone lower than low, and potential homeowners across the country are taking advantage of this situation. For some context, mortgage rates were already low before Covid-19 hit the U.S.; then the global pandemic took rates even lower, for example: 30-year fixed mortgage rates averaged 3.47% in February 2020, compared with 4.37% in February 2019. Then, in March 2020, the Federal Reserve dropped interest rates to nearly zero. This caused mortgage rates to hit a low of 3.2%. During the last year, rates have been bouncing up and down and buyers who are ready to go are acting fast, gobbling up homes as soon as they hit the market.

Buyers get ready for war

Taking advantage of those lower mortgage rates is not necessarily easy for buyers, who may need to face fierce competition to land the home of their dreams. This is what real estate agents call a sellers’ market —  when sellers may get more than they are asking for, as buyers will take extreme measures to outbid others. It’s no surprise that on the one hand, this is not ideal for buyers, who could find themselves in a “bidding war” with others. Sellers, on the other hand, aren’t complaining, because they can land more for their homes, as multiple buyers compete to take home the prize. People who are selling a house now might expect that they can get a high return, which could translate to a nice home upgrade with more amenities.

A housing inventory shortage is not necessarily a negative situation, depending on your real estate goals, especially if you are a seller with coveted amenities like an upgraded kitchen or revamped backyard. With a professional real estate agent backing you, you can stay on track to moving, wherever you are in your real homeownership journey. Learn more about the methods to increase the capacity of a room if you are also struggling with the space & store, on this website: www.buildgreenatlantic.org

 

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Home Improvement

Some Interesting U-Shaped Kitchen Designs and Ideas

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Kitchen Designs

Kitchen renovation requires the layout decision in the first place. You can design your kitchen in different styles. But if you are looking to utilise the most out of the available space, then you should consider a U shaped kitchen. It looks classy and provides you with additional utensil and appliance space as compared to L shaped or galley kitchens. Though U shaped kitchen layout is the best for large kitchen areas, it can also prove to be helpful in smaller kitchens. You just need to be sure that you have at least 2 meters of space between both the banks.

U shaped kitchen allows you to achieve the “golden triangle” rule: you should have your refrigerator, your cooker and your sink from 120cm to 270cm away from each other. In this way you can achieve practicality, time effectiveness and safety goals in kitchen renovation in Brooklyn. The golden triangle is usually hard to achieve in galley or L shaped kitchens.

Here we give you some useful tips and ideas while you design your U shaped kitchen.

1.Install a peninsula unit

Peninsula unit brings smartness to U shaped kitchens. It provides extra storage capacity as well as additional worktop space without needing a third wall. It makes large kitchens even smarter with its unique modern design. It beautifully defines the boundary of the kitchen without depriving it of the view.

2.Use ‘white’ to your advantage

Using white colour on the walls, ceilings and the kitchen cabinets makes your U shaped kitchen appear bright. By choosing a dark wall in contrast makes the kitchen look compact and adds depth as you walk through.

3.Incorporate a breakfast setup

Imagine your kids having breakfast in the kitchen as you serve them. A U shaped kitchen gives you the cozy atmosphere to enjoy such moments everyday. Bring in some high stools or hydraulic chairs and set them by the peninsula unit. Use this space as your breakfast or coffee station.

4.Your mini dining area

If your house does not accommodate a separate dining area for your family to enjoy meals together, you can have it in your kitchen. A small dining table can be set towards the open side of the U shaped kitchen. Have your meals sizzling hot now.

5.Dark may spark

In case you do not have a large kitchen space, adorn your U shaped kitchen with dark cabinetry and workspace tops. Pair it with white walls to give your kitchen a sharp look. Bold never gets old. If you want to get more ideas about remodeling your kitchen, visit this dedicated website https://www.thetwincoach.com/ for useful information.

6.Turn your galley kitchen into U shaped

If you have a small kitchen with a galley layout, there is still some good news for you. You can turn your galley kitchen into a U shaped kitchen by installing some appliances onto the third small wall. You can either install your cooking range, dishwasher, oven or an automatic washing machine in that space. In this way you will save some space and the run of the wall units would look smooth and complete.

7.Be creative

Be creative while designing your kitchen in U shape. Your kitchen can depict your personality and interests. If you are a book reader, have a little bookshelf on the front wall. If you like watching Netflix, you can have a panel over a wall so you can enjoy the shows alongside cooking. If you like to video call while working in the kitchen, have a phone holder installed. Let your inner self guide you what you would like to have in your kitchen.

8.Build around a window

If possible, build your kitchen with a wide window at a wall. The window would serve as an anchor in the room. It lets the daylight and fresh air in and gives you a view so you do not get bored. If you are a plant person or like to have organic veggies, you can make your little kitchen garden in the window. It gives a splash of nature and freshness. Learn more about latest home designing and construction ideas that you can adopt, on this website: www.designwithdeb.com

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Home Improvement

4 Tips on Choosing a Roof Repair Company

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Roof Repair Company

Every home is subject to some level of wear and tear. If you have been living in your house for years or have just recently moved into an ancient abode, it might be time to do some renovations and repairs to maintain your house’s structural integrity. Not only do you need to get walls fortified, floors fixed, furniture and cabinetry refurbished, you also have to consider roof repairs.

The roof is one of the most commonly neglected parts of any home as it is hard to clean and maintain on a regular basis. However, the roof is one of your house’s most critical aspects as it protects you and your co-inhabitants from rain, snow, hail, strong wind, and intense heat. Failing to maintain and repair your roof appropriately can result in a whirlwind of issues, including water leaks, damage to electrical wiring systems hidden in the roof, hot temperatures inside your home, disrupted airflow, and mould growth.

If you see any signs of the issues mentioned above or simply want to get your roof checked by a pro, it may be a good idea to seek out a roofing company. But how do you choose a good one? Read on to find out.

  1. Go Online and Search for Roofers

One of the most crucial factors in selecting a roof repair company is their proximity to you. If you were to avail of services from another county, you might find yourself shelling out a lot more bucks than needed to cover the transportation and hourly fees. Instead, try looking for a roof repair company within your locality. Look up companies on Google or Facebook. You may also ask the locals and your neighbours if they know of a company nearby.

Make Sure the Company is Reputable

After narrowing down the list of companies providing roof repairs near you, it is time to do a quick background check. Verify if they are a legally operating business and are in line with the safety protocols required by law. Also, ensure that their practices are safe and in accordance with home and building laws. You may contact them on the phone to ask them such, or you may read reviews of customers to gauge their performance.

Check if They Offer Insurance

Mistakes are a normal part of life. As such, it is not uncommon for even the most esteemed roof repair company to make mistakes. If indeed you are given improper or poorly-done service, an insurance claim will help you get everything fixed. Without insurance offered by the company, you would have to shell out even more cash to finance the restoration. Always check with your local roofing company to see if they offer insurance policies for poorly done repairs and safety hazards. Remember, you don’t want to be legally liable if a worker falls off your roof.

Go for Quality

The roof is not an area of your home you should scrimp on. Since roofs play a considerable role in protecting you from harsh elements, you must seek quality repairs. This will guarantee that your roof and home will stay in the best and safest condition for as long as possible. Remember, the cheapest one is not always the best choice.

Final Word

Roofs are essential for your safety and the longevity of your home. As a homeowner, it is vital to keep it in good shape by getting the needed yearly repairs. Even if your roof has no problems, consider seeking professional help for roof maintenance as prevention is always better than cure. Learn more about different types of roof and ceiling repairs and differences between them, on this website: www.cashbuffalo.org

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Home Improvement

Reasons to Hire Scaffolding Rental for Your Construction Project

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Hire Scaffolding

Several companies have embraced the strategy of renting construction machines and equipment for all their major building-related projects. And they do this for several reasons. A decent scaffolding system is critical in any form of construction job.

But, before hiring a scaffolding rental service provider, you need to determine the different necessities for erecting a scaffolding. The rental service company must meet the necessary safety regulations before both parties proceed to the next phase. It’s vital to ensure the safety of all workers as this will dictate the development of the overall undertaking. Now let’s see the various reasons why scaffolding is a must in any construction project.

  1. Enhanced Accessibility

When renting a scaffolding service for the project, you’ll improve accessibility to the building’s hard-to-reach areas. Installing a platform to serve as a base is a game-changer and provides an easier way for workers to complete their tasks in that area. These service providers only use top-grade scaffolding materials, which ensure the workers’ safety and easy access on the job site.

Workplace Safety

The scaffolding system is created to provide comfort and convenience to workers when they perform construction jobs in elevated settings. If your rental company uses substandard materials, chances are workers can be injured at some point. This can be a terrible scenario as it can cost someone life if ignored.

When hiring a reliable rental service firm, you’re also guaranteeing all the workers’ safety since a professional scaffold contractor only uses high-quality materials. They’re fully aware of the dangers if they compromise the quality of the materials they use for their rental business.

Gain Enough Assurance

Apart from the workers’ safety you get from the rental option, you’ll also achieve assurance throughout the project. Acquiring peace of mind is priceless, and you’ll get it by knowing that everyone at the job site is fully protected and functional until completing the project. Furthermore, you’ll see faster progression with the construction job when workers are also so aware and confident that they’re standing and climbing on durable materials the entire time. They wouldn’t have any hesitations while completing their assignments since they’re assured that everything’s safe.

Factors To Consider

  • Height of the Scaffold

When speaking to the scaffolding rental company, make sure to ask about the height of the system to be used on the project. There have been several accidents brought by inappropriate measurement of the height. These professionals should be able to gauge how high they’re going to put up the structure. Don’t allow the service provider to force the height since this can only jeopardise the workers and the job itself. Provide more data about the construction so the rental company can quickly assess the building’s height requirement.

  • Determine the Project’s Needs

As mentioned earlier, knowing the type of scaffolding you need is also essential. The roofing, building, and all other tasks require different kinds of scaffolding since these jobs have unique sets of requirements. Moreover, the scaffolding system will also rely on the worker’s weight and height, as well as the equipment or machine required to be brought up. If this is a major project, you’ll have to inquire about the scaffolding system’s mobility function. The easier it is for the workers to move freely, the faster they can finish the project.

For business owners, hiring a scaffolding company is a worthwhile investment. The safety, convenience, and accessibility are just a few of the countless benefits of a rental service, which justify every penny spent on the rental fee. Learn more about the construction cost estimates and other information regarding the renovation of your sweet home, on this website: www.catfurniturediscounters.com

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