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Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts
Thursday, January 12, 2017
11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale
by Rob Andress
Homebuyers want to know your home inside and out while homebuyers are as individual as the homes they plan on purchasing, one thing they share is a desire to ensure that the home they will call their own is as good beneath the surface as it appears to be. Will the roof end up leaking? Is the wiring safe? What about the plumbing? These, and others, are the questions that the buyers looking at your home will seek professional help to answer. According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection. We've identified the 11 most common of these and, if not identified and dealt with, any of these 11 items could cost you dearly in terms of repair.
In most cases, you can make a reasonable pre-inspection yourself if you know what you're looking for. Knowing what you're looking for can help you prevent little problems from growing into costly and unmanageable ones. 11 Things You Need to Know to Pass Your Home Inspection
1. Defective Plumbing Defective plumbing can manifest itself in two different ways: leaking, and clogging.A visual inspection can detect leaking, and an inspector will gauge water pressure by turning on all faucets in the highest bathroom and then flushing the toilet. If you hear the sound of running water, it indicates that the pipes are undersized. If the water appears dirty when first turned on at the faucet, this is a good indication that the pipes are rusting, which can result in severe water quality problems.
2. Damp or Wet Basement An inspector will check your walls for a powdery white mineral deposit a few inches off the floor, and will look to see if you feel secure enough to store things right on your basement floor. A mildew odor is almost impossible to eliminate, and an inspector will certainly be conscious of it. It could cost you $200-$1,000 to seal a crack in or around your basement foundation depending on severity and location. Adding a sump pump and pit could run you around $750 - $1,000, and complete waterproofing (of an average 3 bedroom home) could amount to $5,000-$15,000. You will have to weigh these figures into the calculation of what price you want to net on your home.
3. Inadequate Wiring and Electrical Your home should have a minimum of 100 amps service, and this should be clearly marked. Wire should be copper or aluminum. Home inspectors will look at octopus plugs as indicative of inadequate circuits and a potential fire hazard.
4. Poor Heating and Cooling Systems Insufficient insulation, and an inadequate or a poorly functioning heating system, are the most common causes of poor heating. While an adequately clean furnace, without rust on the heat exchanger, usually has life left in it, an inspector will be asking and checking to see if your furnace is over its typical life span of 15-25 yrs. For a forced air gas system, a heat exchanger will come under particular scrutiny since one that is cracked can emit deadly carbon monoxide into the home. These heat exchangers must be replaced if damaged - they cannot be repaired.
5. Roofing Problems Water leakage through the roof can occur for a variety of reasons such as physical deterioration of the asphalt shingles (e.g. curling or splitting), or mechanical damage from a wind storm. When gutters leak and downspouts allow water to run down and through the exterior walls, this external problem becomes a major internal one.
6. Damp Attic Spaces Aside from basement dampness, problems with ventilation, insulation and vapor barriers can cause water, moisture, mold and mildew to form in the attic. This can lead to premature wear of the roof, structure and building materials. The cost to fix this damage could easily run over $2,500.
7. Rotting Wood This can occur in many places (door or window frames, trim, siding, decks and fences). The building inspector will sometimes probe the wood to see if this is present - especially when wood has been freshly painted.
8. Masonry Work Re-bricking can be costly, but, left unattended, these repairs can cause problems with water and moisture penetration into the home which in turn could lead to a chimney being clogged by fallen bricks or even a chimney which falls onto the roof. It can be costly to rebuild a chimney or to have it repainted.
9. Unsafe or Over-fused Electrical Circuit A fire hazard is created when more amperage is drawn on the circuit than was intended. 15 amp circuits are the most common in a typical home, with larger service for large appliances such as stoves and dryers. It can cost several hundred dollars to replace your fuse panel with a circuit panel.
10. Adequate Security Features More than a purchased security system, an inspector will look for the basic safety features that will protect your home such as proper locks on windows and patio doors, dead bolts on the doors, smoke and even carbon monoxide detectors in every bedroom and on every level. Even though pricing will vary, these components will add to your costs. Before purchasing or installing, you should check with your local experts.
11. Structural/Foundation Problems An inspector will certainly investigate the underlying footing and foundation of your home as structural integrity is fundamental to your home. When you put your home on the market, you don't want any unpleasant surprises that could cost you the sale of your home.By having an understanding of these 11 problem areas as you walk through your home, you'll be arming yourself against future disappointment.
Rob Andress is the Broker of Record for MINCOM Island City Realty Inc. Brokerage. With over 25 years of professional real estate experience in Brockville Rob's knowledge in invaluable. Formore details on brockville real estate and homes for sale in brockville than please visit our website.
Article Source: http://www.articlesphere.com/Article/11-High-Cost-Inspection-Traps-You-Should-Know-About-Weeks-Before-Listing-Your-Home-For-Sale/270215
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Wednesday, January 4, 2017
Becoming a Wealthy Internet Entrepreneur - 5 Simple Internet Businesses
by Ben Frank Jr
There are four primary arenas that wealth can be created in: Real Estate, Business, Investing, and the Internet. The internet is my personal favorite. It has the easiest access, it can be done very inexpensively, and the potential is truly unlimited. Anyone can connect to the internet from anywhere in the world, start up their own e-business, and begin generating income from a global (and therefore vast) marketplace. Whether you want to earn some extra income or build a huge fortune, it can be done best on the net. You can create multiple streams of income, passive income that runs on auto pilot, starting whenever you want.
So just how exactly can you start your own profitable internet business? There are a number of great business models, but some are easier, less time consuming, more automated, and more profitable that others. There are 5 simple internet businesses that I use all together to earn a substantial amount of passive income online. You can use them to and begin your own wealthy internet entrepreneur lifestyle. Take it a step at a time, learn and master each one before taking on another, and watch as your income grows and grows.
Create Your Own Digital Products
Anyone can package their information in a way that it can be sold online. You do not need a physical, tangible product to make money with internet marketing. You can write an ebook, design software, create e-cources, etc., and sell them through your own websites as well as through affiliate marketers. Another great option is to create a free ebook or course and then exchange it for your visitors email addresses. This is a quick and easy way to build a large mailing list, a list that you can use later to promote more expensive products and services. This is how the pro internet marketers make big money with a single email.
Marketing Other Companies Products
Maybe you do not want all of the hassle of creating, packaging, and marketing your own digital products, but that is ok too. You can become an affiliate and sell other people stuff for a commission. Affiliate marketing is big business. Affiliates are earning millions of dollars online, and just about every company offers an affiliate program . Choose a niche, find the best products, affiliate programs, and commissions, and then start marketing to your target audience through a number of internet advertising vehicles.
Online MLM/Network Marketing
Similar to affiliate marketing is network marketing, also known as MLM. Despite the bad rap that MLM programs have gotten by many people, they really do offer huge earning potential for motivated entrepreneurs. It takes work, which is why so few people succeed and so many call it a scam. But if you are willing to work for your financial freedom, you can use reliable online network marketing programs to earn a leveraged and residual income from home.
Create Google AdSense Income
A website can be a terrific way to generate daily passive income online. A website never rests and can therefore earn you money 24 hours a day, 7 days a week, every week of the year. All you need is a simple website of blog to start. You do not even need to have any products or services to sell. You can simply provide information on any topic of your choice, and as your website begins generating traffic, you can monetize your traffic through a variety of monetization methods including hosting Google Ads. Plus you can integrate the above ventures into your site for even greater earnings.
Create Squidoo Lenses
This is an income stream that I have only recently started using, but I absolutely love it. Squidoo.com is a social networking website where free members create their own webpages, as many as they want, on all sorts of topics. You simply use the tools to build great looking webpages, and then squidoo uses them to earn advertising revenue, sharing the profits with you. This is the easiest way to start making money online, and you can learn a lot that will allow you to diversify and grow your internet income later.
Ben is a young entrepreneur who has several successful businesses under his belt, and enjoys sharing information on a wide range of business, financial, and entrepreneurial topics. Visit The Wealthy Internet Entrepreneur and the Internet Wealth Blog
Article Source: http://www.articlesphere.com/Article/Becoming-a-Wealthy-Internet-Entrepreneur---5-Simple-Internet-Businesses/192288
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