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How Long Will Your House Last?

May 8th, 2017 by tisner

What is the life span of a house?  Some houses may survive for hundreds of years, but the individual components that make them up may not.  Parts of the house made of concrete or brick may last a long time, but other things such as appliances may only last ten years or so, regardless of how expensive they were to purchase.

As seen in the graphic, components of the house made with hardy materials such as wood or stone flooring can last 100 years or more.  Other durables that can last a lifetime included natural stone or tile countertops, fiberglass, wood or fire-rated steel exterior doors, copper wiring and most types of insulation.

A study by the  National Association of Home Builders warns that life expectancies of homes will vary and the life span of an individual house’s component will depend greatly on the quality of installation, level of maintenance, weather and climate conditions and intensity of use.

Many homeowners will swap out house components or appliances before necessary due to changing styles and preferences or improvements in newer products.  Eligibility for tax credits or rebates and newer models that are more energy efficient and less costly to use may entice homeowners to replace items before the end of their useful life.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Tax Return Depressing? Owning a Home Could Help

April 21st, 2017 by tisner

Tax Return Depressing? Owning a Home Could Help | Keeping Current Matters

Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.

Here are four items, and a quote on each, from the Briefing Book:

1. Mortgage Interest Deduction

“Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage. The deduction is limited to interest paid on up to $1 million of debt incurred to purchase or substantially rehabilitate a home. Homeowners also may deduct interest paid on up to $100,000 of home equity debt, regardless of how they use the borrowed funds. Taxpayers who do not own their home have no comparable ability to deduct interest paid on debt incurred to purchase goods and services.”

2. Property Tax Deduction

“Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.”

3. Imputed Rent

“Buying a home is an investment, part of the returns from which is the opportunity to live in the home rent-free. Unlike returns from other investments, the return on homeownership—what economists call “imputed rent”—is excluded from taxable income. In contrast, landlords must count as income the rent they receive, and renters may not deduct the rent they pay. A homeowner is effectively both landlord and renter, but the tax code treats homeowners the same as renters while ignoring their simultaneous role as their own landlords.”

4. Profits from Home Sales

“Taxpayers who sell assets must generally pay capital gains tax on any profits made on the sale. But homeowners may exclude from taxable income up to $250,000 ($500,000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as their principal residence in two out of the preceding five years, and they generally may not have claimed the capital gains exclusion for the sale of another home during the previous two years.”

Bottom Line

We are not suggesting that you purchase a house just to save on your taxes. However, if you have been on the fence as to whether 2017 is the year you should become a homeowner, this information might help with that decision.

Disclaimer: Always check with your accountant to find out what tax advantages apply to you in your area. 

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Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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The ‘REAL’ News about Housing Affordability

April 7th, 2017 by tisner

The 'REAL' News about Housing Affordability | Keeping Current Matters

Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”

Basically, a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median-priced home, based on the price and mortgage interest rates at the time. Anything above 100 means the family has more than enough to qualify.

The higher the index, the easier it is to afford a home.

Why the concern?

The index has been declining over the last several years as home values increased. Some are concerned that too many buyers could be priced out of the market.

But, wait a minute…

Though the index skyrocketed from 2009 through 2013, we must realize that during that time, the housing crisis left the market with an overabundance of distressed properties (foreclosures and short sales). All prices dropped dramatically and distressed properties sold at major discounts. Then, mortgage rates fell like a rock.

The market is recovering, and values are coming back nicely. That has caused the index to fall.

However, let’s remove the crisis years (shaded in gray) and look at the current index as compared to the index from 1990 – 2008:

The 'REAL' News about Housing Affordability | Keeping Current Matters

Though prices and rates appear to be increasing, we must realize that affordability is composed of three ingredients: home prices, interest rates, and income. And, incomes are finally rising.

ATTOM Data Solutions recently released their Q1 2017 U.S. Home Affordability Index. The report explained:

“Stronger wage growth is the silver lining in this report, outpacing home price growth in more than half of the markets for the first time since Q1 2012, when median home prices were still falling nationwide. If that pattern continues, it will help turn the tide in the eroding home affordability trend.”

Bottom Line

Compared to historic norms, it is still a great time to buy from an affordability standpoint.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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How to Decorate Your Home to Have an Island Feel

March 29th, 2017 by tisner

Let’s face it, many times when folks visit the islands they tend to not want to come home from such places.  This is the case typically because the beach is a very relaxing place to be with all the warm air, salt water and sunshine.   What if you could decorate your home to have an island feel?  There are ways to go about turning your home into a tropical oasis.  A few of those ideas are listed below for you.

  1. A good way to get started making your home feel like an island paradise  is by beginning to think outside of the box.  Do not be afraid of using bold colors in rooms in which you want to transform.  You can choose bold teal colors that mimic the look of the ocean for your family room then perhaps you can use some wallpaper in your kids’ bathroom that has sea creatures on it.  Don’t worry, as long as you keep it classy, not tacky, you will be able to get away with doing all sorts of wild colors and designs to achieve your beach house feel.
  2. Another way to decorate your home to have an island feel is to add some accessories throughout the house that help you achieve the look. Throw pillows with sand dollars and seahorses on them are a great start.  You can even use seashells you have gathered on your trips to the ocean to decorate with.  Putting some seashells in glass vases with a bit of sand in them is a great way to achieve beach décor.
  3. One way to give your home an island feel is to use a lot of candles that are scented with tropical scents.  Lighting these daily will help you to feel like you are on vacation when you are sitting in your own home.
  4. Lots of ceiling fans throughout your home is another way to create an island oasis inside. You can also use ceiling fans outside on your porch area to take the feel outside.
  5. Wicker and rattan is your friend if you want your home to feel like an island. Use it liberally.
  6. Using a lot of tropical plants to decorate the inside of your home is another good way to get the island feel you are searching for.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Tips for Keeping Your House Ready To Show at Any Time

March 27th, 2017 by tisner

So you have your house on the market and you are eager and ready to sell it as quickly as possible?  Here are a few tips for keeping your house ready to show at any given moment throughout the day or night.

  1. If you are a busy working person in society it is likely that you don’t have time to keep your house spic and span twenty four seven.  However you CAN make the house look as if it is clean all the time by simply getting rid of some of the clutter.  Two of the main rooms you should concentrate on to accomplish this are the bathrooms and the kitchen.  Make sure that all counter space is clean and free from any clutter in each of these rooms.  Also a good way to make the kitchen look less cluttered is to take any and all items you have posted on your refrigerator off while you are trying to sell your home.
  2. Another way to keep your house ready to show at any time is to clean eye catchers first.  Items you should clean first are such things as the ceiling fans, floors, countertops, stovetops, ovens, trash cans and bathroom fixtures.  These places can get dirty quickly and will be noticed by folks who come to tour your home so make sure they are clean at all times.
  3. Do a few extra things like adding a touch of color to each room with pillows to make the space pop. Also if there are any beds left unmade or any areas of the house that need a quick pick me up do your part to make that happen on a daily basis before you head out the door.
  4. Another tip for keeping your house ready to show at anytime  might be to use an essential oil diffuser in the main room of the house so that it always smells fresh and clean.

These are just a few tips for keeping your house ready to show at any time of the day or night.  You never know when you might get a call to show your house at the last minute and by doing these simple things you will always be ready.  This doesn’t mean you will be guaranteed an offer by any means but it does mean that your chances may be greater!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Things to Consider Before Purchasing a Home with Your Best Friend

March 20th, 2017 by tisner

Purchasing a home is a huge deal and can cost quite a bit of money.   There are a few things in this world that can make people crazy and one of those is money.  If you are thinking about purchasing a home with your best friend you may want to consider a few things first to make sure you are making the best decision for both of you.    There are pros and cons to buying a home together and they are listed below for your consideration.

  1. One benefit of buying a home with your best friend is that there will be two of you signing on the loan.  This makes many lenders very happy because they know that they have double the chance that the mortgage payment will be paid each month.  Having two people instead of one signing the mortgage is better all the way around.
  2. Another benefit of buying a home with your best friend  is that you will share the expenses.  You can sit down together to figure out who is going to pay for what and then take the savings you will receive by doing this and put it toward something you both want or something you want  for yourself.  The beauty of this is that by sharing expenses you will likely have the money to share for fun things too.
  3. Buying a home with your best friend is a great way to gain equity. The longer you two live together the more equity you will be building in the home that you purchase.  If you decide to sell the home one day in the future, you will be able to split the profits and start your new lives more easily than if you didn’t purchase a home together.
  4. One con to buying a home with your best friend  might be the sheer rawness of moving in with someone hitting you in the face.  You may be best friends but when you move in together there will likely be things you find that you don’t enjoy about the others company.  A good way to keep this from causing any issue is to spend some time apart on a daily basis.
  5. Another downfall to buying a home with your “bestie” might be your debt to income ratio. If you both have your income tied up in the mortgage there might not be enough to quality for a new car loan if the need arises.

These are just a few of the things you should consider before purchasing a home with your best friend.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Tips To Make Your Home a More Relaxing Place

March 13th, 2017 by tisner

relaxing at home

Let’s face it, we are all busy and we all typically look forward to relaxing after a hard day’s work once we arrive home!  Can I get an Amen?   Many times however, we come home to a house that can sometimes be less than relaxing.  Whether it is the kids running around fighting with one another or the animals leaving us messes to clean up, there are many reasons why our homes can often times be less than relaxing.  Below are listed a few tips to help make your home a more relaxing place regardless of what is going on around you.

  1. Placing a big comfortable chair in a quiet nook in your home with perhaps a blanket thrown over it can do a lot towards adding a relaxing comfy feel.  Be sure to put this chair and blanket in an “out of the way” space such as a back bedroom so that you will be able to go there to escape the day.
  2. Another idea for making your home a more relaxing place  is to add some fluffy white curtains to your patio or porch.  Add a few pieces of outdoor furniture and a table or two as well.  This will allow you an outdoor space in which you can retire to after a long hard day at work.  These spaces are great for when the weather is good.
  3. Adding an upholstered headboard to your bed can make the entire room look more soft and serene. Also if you happen to have a television in your bedroom, take it out and put it somewhere else in the house.  Your bedroom should be your sanctuary at all times.
  4. Another way to help make your home a more relaxing place is to add a speaker system throughout your house. This way you can play soft relaxing music and listen to it as you move from room to room.
  5. Much in the way that music can be used to make your home a more relaxing place, diffusing essential oils into your home can go a long way as well! If you don’t have a diffuser you should definably order one today!

These tips to make your home a more relaxing place are a good place to start!  Once you do your part to make your home your sanctuary you will likely love the changes!

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Reasons to Remodel Your Home

February 27th, 2017 by tisner

Many times folks tend to put things off when they seem overwhelming to them and remodeling your home can be a bit overwhelming, however now is the time to remodel.   A few of the reasons why you might want to remodel your home are listed below.

  1. Consumer confidence is increasing these days and this means that you should feel a bit better about sinking the money into your house that is needed to remodel.
  2. If remodeling your home means that you are going to be hiring a contractor, the quicker you do so the better. Because the consumer confidence is rising contractors are becoming busier than ever.  Going ahead and deciding on a contractor then hiring them quickly is the best route to take if you want to get some remodeling done sometime this year.  That way you won’t have a hard time finding someone to hire because they are all already too busy to help you.
  3. Another reason to remodel your home  is that financing is still reasonably affordable if you need it.   A home equity loan or a line or credit should be quite easy to attain at the present time so go ahead and take advantage of them now.
  4. As we all know, prices on everything tend to go up over the years and that is the case for building materials as well. A good reason to remodel your home now instead of waiting until later is due to the fact that building materials are currently decently priced.
  5. You may want to remodel your home if you like to have things done your way, specifically to your liking. Many times when you purchase a home there are things about it you may not like, but if you choose to remodel the home you are already living in you can “have it your way” so to speak.
  6. If you have already purchased a house that isn’t quite up to your standards then remodeling is definably going to be on your mind and something you want to take care of right away so that you can begin to enjoy your home life a bit more.

These are just a few reasons you might want to remodel.    Some of these reasons are time sensitive to the days in which we are living while others are just good reasons you may want to remodel.  Whichever reason you choose to go ahead with remodeling your home, it is likely that you will be glad you did.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Tips on Purging Items from Your Closet

February 22nd, 2017 by tisner

If you are like most people you likely have a ton of stuff in your closet that you don’t really need.  There is something about having a full closet that makes one feel like they have all they need however the art of purging can make you feel so much better about life!  Below are a few tips on purging items from your closet to get you started in the right direction.

  1. When you begin to purge items from your closet  the best place to start is any clothing you haven’t worn in the last year.   A good way to figure this out if you struggle knowing what you have and haven’t worn is to turn all of your hangers backwards and as you wear a piece of clothing turn that hanger the opposite direction.  At the end of the year get rid of any clothes that still have the hanger turned backwards.
  2. Most likely you have a ton of shoes that you haven’t worn lately in your closet. A good idea for purging when it comes to shoes is to just look at them.  Do they have any holes or a lot of wear and tear?  If your answer to either question is yes then it is time to purge those particular shoes.
  3. Many of us have clothes in our closet that we simply can no longer fit into.  If this sounds familiar, do yourself and your closet space a favor and toss those clothes out.  Why waste much needed space in your closet with clothing you can no longer wear.   Make this fun by going out and purchasing a few new clothing items that fit you.  It’s always fun to purchase new clothes!
  4. If you have any clothes in your closet that you absolutely love but they have stains on them that just won’t come out….throw them away and purchase the same shirt or pants new if you just have to have them.
  5. T-Shirts and promotional clothing can also take up space in your closet that is unnecessarily wasted space. Find a spot or a drawer in which you can place these types of items if you feel the need to keep them for nostalgic reasons.

These are just a few ways in which you can get started purging items  from your closet to make the space a more useful and functional area.   Take what ideas work best for you and leave the rest.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Do You Know the Real Cost of Renting vs. Buying?

February 17th, 2017 by tisner

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

by

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

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