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Want a fancier-looking room? Try wainscoting
One way to really dress up a room and try your hand at some different decorating techniques is to consider wainscoting. There are a number of ways to combine materials to create some very attractive wainscoting effects, and the cost doesn't need to be prohibitive.
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Lender demands PMI despite 50 percent equity
DEAR BENNY: My mother-in-law's mortgage was sold to another lender. The new lender is asking for PMI, which was not required by her previous lender. She has more than 50 percent equity in her home. She really cannot afford the PMI. Does the new lender have this right? What are her options? –Craig
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Buyer misses home inspection, problems snowball
Dear Barry,
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Homeowners, be careful signing divorce papers
DEAR BENNY: I am recently divorced. We had two houses. In the divorce, I got one and he got one. We both signed quitclaim deeds to each other. However, I needed to refinance mine to pay off the bills I accumulated just to get my house back into livable shape. (It was a rental while we were married.) Both houses have mortgage loans: Mine carries a rate of 6 percent and his is at 5.75 percent interest. Needless to say, there is no incentive for him to refinance that favorable loan rate.
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Multiple home inspections pay off
Buyers often assume that if a house is new there's no need to inspect it. What could possibly be wrong with a brand-new house? You'd be surprised.
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Not everyone's keen on fluorescent lights
Q: I have a question about fluorescent bulbs and power usage. I have been told that fluorescents draw the most power when they are turned on and almost no power to keep on. Therefore, they should be turned on and left on, and should not be turned on and off during the day because it would end up using more power in the process. Is that true? --Richard C., via e-mail.
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Icicles in attic a red flag
Q: This summer we had siding installed around our house and we painted over the ventilation vents (husband's idea). My husband decided to cover the attic vent on top of the roof with a plastic bag because he said it would help seal the house better. I had a weird feeling about this, but I don't know anything about home repairs. Well, now we have a problem with condensation in our attic (that's what I think). He went up there last night and found that there were icicles on the frame. Somehow, I think we cut off all ventilation and now we have this condensation problem that is freezing because of the cold weather. He thinks we have a leak and that we need to replace the shingles. Do I make sense? Is there any advice you can give us?
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The art of counteroffers
Negotiation is back in style. It's not uncommon for buyers and sellers to have many rounds of counteroffering back and forth before they arrive at a contract that is completely agreeable to all involved. When this is accomplished, the contract is ratified.
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Is now a good time to downsize?
Interest rates are low. Prices have come down in many areas. More buyers are deciding it's a good time to buy, even though it may be awhile before the housing market stabilizes.
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Four letters to know for smooth home finishes
In the alphabet soup of construction terminology, HVLP is one acronym that you may not be familiar with. However, if you're looking for a simple way to apply a wide variety of finishes to a wide variety of surfaces, they're four letters you might want to get to know a little better. HVLP stands for high velocity, low pressure, and the new generation of HVLP sprayers offer one of the easiest, most effective methods for spraying paints, stains, sealers and other finishes.
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Nothing seems to fix low shower pressure
Q: I have a shower in my master bath that has had low pressure since we built the home five years ago. I've taken the head off and the pressure is still weak. All the other water sources in the house have very good pressure. A friend mentioned that the cartridge could be the culprit. Does that sound right? Is it hard to replace? I'm pretty handy and have fixed a bunch of stuff in previous homes.
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Choosing the right weather stripping
Air infiltration -- the movement of outside air into and out of your home -- can account for a significant amount of heat loss, and the resulting air currents can make a home feel uncomfortably drafty. When it comes to air infiltration some of the most common culprits are exterior doors, so a few weekend hours devoted to some new weather stripping can have some pretty dramatic results.
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What makes food “organic”?
Organic food is hot and with good reason—current research shows that it does indeed live up to the hype. Recent studies at UC Davis and the Danish Institute for Agricultural Research have detected higher levels of antioxidants, vitamins, and minerals in organically farmed foods than in their conventionally produced counterparts. While this news makes their often-higher price tag easier to swallow, navigating the organic options at Whole Foods can be anything but simple. Here, a run-down of the terms so you’re ready to face the aisles:
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Some plumbing materials shouldn't be mixed
If you're doing any remodeling or repair work on the plumbing system of an older home, it's a pretty safe bet that you'll encounter the need to transition from an older type of pipe to a one of today's newer materials. It might be a transition from threaded galvanized water pipes to copper pipes, or from old cast-iron sewer lines to today's ABS.
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Want to conserve water but still have a lawn? Go native.
Before the advent of lawnmowers, there was a time when lawns were meant only for the wealthy, since they could afford to hire a crew of workers to manually cut and maintain their sprawling gardens with scythes. The rest of the folks used what land they had to grow vegetables, medicinal herbs, and flowers in cottage gardens.
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Building permits are nothing to fear
"Do I really need a building permit?"
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Carbon Offsets: What Are They?
The carbon economy is about to boom in the United States, particularly in California where state law will soon be forcing companies to track and pay for their carbon emissions. Pinpointing exactly what carbon credits and offsets are is difficult even for scientists on the frontlines of the emergent carbon economy, never mind lay people who are just beginning to hear about them.
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Top home-buying mistakes revealed
The first rule of inspecting a home you want to buy is to stay intimately involved in the process, and to leave no stone unturned. If you're busy or traveling during the time period, you have to complete your due diligence investigations by enlisting the aid of a friend you trust to stand in on your behalf -- someone who will keep you well informed as inspections proceed.
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Will shopping multiple lenders hurt credit?
It's not uncommon for home buyers to talk with several mortgage brokers or lenders to compare loan products and interest rates. One buyer who shopped around was scolded by a mortgage broker when he found out she was talking to more than one broker. He told her that she was ruining her credit score by allowing multiple credit inquiries.
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How to divvy up mortgage-interest tax deduction
DEAR BENNY: I purchased a townhome in January 2005 with a very low, interest-only loan, and have been paying approximately 20 percent extra towards the principal each month. My fiancée moved in about 15 months ago and has been paying $600 a month. The monthly interest-only payment is $1,600. Recently we decided to double the monthly payment in addition to paying an extra $10,000 towards the principle to lower the interest portion of the monthly payment. My fiancée has asked about taking advantage of the interest deduction on her tax returns. What is the best way (if any) for us to divide fairly the interest towards our yearly tax returns? I am thinking about giving her a quitclaim deed with her name on it in addition to mine. Is that a viable option? –Chuck
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