A Guide to New Home Windows

A Guide To New Home Windows

 

Many homes tend to serve as hot spots for meetings, family gatherings, and play dates, especially with more and more people having to work from home and even do homeschooling. 

Homeowners are noticing more and more all the items in their home that are needing some replacing or TLC. After years of use and activity, your home is bound to require some updates — including the windows. There are numerous benefits that come with new home windows, but what exactly are they? Windows can have an impact on the value of your house, and in some cases can lower heating and cooling costs. The following post will cover the main factors to consider when investing in new windows. 

How Windows Impact Home Value 

As a homeowner, you probably realize that the housing market tends to fluctuate. To keep up, renovations may be necessary from time to time. Even if you don’t plan to sell, performing proper maintenance could help boost your home value. In fact, windows are an often-underrated selling point of a house. While replacing windows isn’t necessarily a cheap DIY project, it almost always boosts value.

On average, it costs about $5,421 to install new windows. To replace all of them in a house, you might spend on average $12,000. However, you could earn roughly $10,000 back in resale value, increasing the likelihood of a larger net profit.

When Should You Update? 

It’s expected that over time your house may experience some wear and tear. As such, it might need to undergo renovations. Here are a few ways to tell if your windows need to be replaced:

You feel drafts coming in around the framesYour energy bills are increasingThere’s noticeably more condensation or frost on the glassThe frames are starting to decay or chipThere’s visible damage caused by wind, rain, freezing temperatures, or extreme sunlight

Aside from replacing non efficient or broken panes, you might consider updating the windows to increase curb appeal. If the rest of your house is in top shape but the windows look outdated, it could throw off the aesthetic of the property. Torn screens or old-fashioned window designs might decrease the market price because they make the rest of the house look unkempt.

Modern renovations, such as swapping single pane windows with energy efficient units, can add value to your home and make a positive visual impression. You might be surprised how much more welcoming your residence looks when the outside is well-maintained.

Determining Insurance Coverage 

Most homeowners insurance can cover a variety of repairs. Regardless of the provider and reasons for replacing the windows, it’s helpful to know the coverage options and under what terms you can update your property. For example, most plans cover natural damage, such as from a fire, flood, or storm. Peril policies will usually help if the event occurred outside of the home, while all-risk policies can cover more circumstances.

Wear and tear, negligence, and common maintenance aren’t typically covered in most insurance plans, though supplementary damage might be included. Review your policy for the specifics.

How Windows Impact Your Electrical Costs 

Most older windows are single-pane, which means more hot and cool air can escape as the seasons change. The more panes you have, the more energy efficient. Consider replacing single panes with windows that are more environmentally friendly to help the planet and your wallet. You could save an estimated $126 to $465 per year, depending on where you live and how many units need to be replaced.

Additionally, heating and cooling costs comprise roughly 40% of yearly energy expenses. If your windows aren’t working efficiently, it might cause air leaks and wasted energy. When they work properly, however, you could spend less on your furnace and air conditioning systems.

When thinking of ways to increase home value, your thoughts probably go to the kitchen or bathroom first. However, don’t underestimate the power of new windows. With a little research and some investment, you could boost the home’s value and your family’s comfort.

Written for Waypointe Realty courtesy of Jaclyn Crawford, a staff writer with ImproveNet in 2016, who enjoys chronicling the latest trends and ways you can make your home the loveliest it can be.

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window

Top Bathroom Trends In 2020

Top Bathroom Trends in 2020

 

Wondering what’s hot in bathrooms this year? Whether you are building a new home or ready to remodel, it always pays to learn what’s trending.

Keeping bathrooms fresh and vibrant is a great way to add enjoyment and value to a home. With that in mind, here’s a look at some of the most popular and prevalent bathroom trends of 2020.

1. Bold and Shiny Bathroom Tiles

If deep, dark, moody hues are your go-to decorating favorites, you will love one of the top tile trends of 2020. Glossy bold tiles are back in style.

Especially in vogue are jewel-toned tiles such as royal blues and greens.

Make a strong statement in the bathroom with these shades.

2. Raw and Natural Bathroom Tiles

On the flip side of bold and flashy are tiles that return to a more earthy look. Natural textured tiles can work on walls or floors.

If you use them for the floor, though, invest in rugs that will be comfortable to step on each day, as this kind of texture can be hard on the feet. One especially fashionable choice for floors is travertine, with its warm hue that flouts the long-held standard of bright and white in the bathroom.  

3. Tiles in Unique Shapes

Squares and rectangles are only two of the many possibilities for bathroom tiles. 

Everything from hexagons to scallops is making waves these days. When you’re creating a stylish bathroom, think outside the box with shape and size. 

4. Showstopping Bathtubs

The love of luxury is here to stay in bathroom design. Recent luxurious developments include interesting tub shapes and eye-catching freestanding designs. 

Not only are classic oval and rectangle options available, but you can also select a round tub to create a unique aesthetic. Deep-soaking tubs are still beloved, as they give homeowners a place to relax and unwind with maximum comfort. 

An increasing number of black tubs can be found in current home showcases as well. These add a note of opulence to their surroundings. 

5. The Color Black

Speaking of black tubs, this is a color that’s truly on-trend in today’s bathrooms. Forget the more muted gray and go with bold black instead! 

Look for it in light fixtures, vanities, mirrors, and more to distinguish your bathroom from the traditional design.  

6. Raw Stone Sinks

There’s nothing like the natural beauty of a raw stone stink. Add one to any bathroom to up the wow factor. 

If you are considering installing one in a bathroom with heavy usage, however, keep in mind natural stone can be hard to clean. 

7. Brushed Brass Finishes 

The elegance of brushed brass is trending in bathroom designs, especially when homeowners want to create a luxurious, spa-like space, such as in the master suite. 

Favored for its sophistication and glamour, brass has many applications for the bathroom. This finish is effective on faucets, mirrors, vanity hardware, and light fixtures. 

8. Smart Upgrades

As technology continues to evolve, so do bathrooms. Trending today are high-tech toilets, seat warmers, automatic lid openers, smart showers, automatic sinks, and the ever-popular built-in Bluetooth speaker system. 

If you love a little tech boost at home, also consider voice-activated lighting and mirrors that talk to you!​ 

When you want to stay on the cutting edge of modern bathroom design, exploring trends is key. 

The eight ideas above are a great place to start for your bathroom. Pick the in-style ideas that are most appealing and work them into the design, knowing you are in good company. 

Written for Waypointe Realty courtesy of Erica Garland, Content Marketing Manager at Modern Bathroom with 15-plus years of experience in the bathroom renovation industry. 

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Virtual Home Shopping

NOW More Than EVER Having a “TECH SAVVY” Realtor is a MUST!

Why is this?

The world as we know it has changed! The way of doing business has changed drastically -the same goes for the real estate industry! Nowadays people are relying heavily on the internet to shop for anything from groceries to houses!

The real estate industry is now virtually DIGITAL (no pun intended).

For many real estate agents, this has stopped their business dead in its tracks because they don’t know the first thing about DIGITAL MARKETING! The “old-school” approach to real estate has gone out the window, and only the innovative and creative agents will survive!

Digital Sales & Marketing is nothing new to Waypointe Realty!

WHAT WE DO, TO NAME A FEW…

 

FaceTime/Skype/DUO Showings

Facebook LIVE Stream Videos & Grand Opening

STRICTLY Pre-Qualify BUYERS BEFORE Showing

Neighborhood/Community Virtual Tours

Professional Photography (+ Aerial & Drone)

ZOOM Virtual Listing Appointments

Staging (Both physical and virtual)

Virtual Showings in Lieu of In-Person Showings

YouTube Property Channel 

Targeted Online Advertising & Social Media Advertising

Online Property Syndication on thousands of websites globally 

 

Here’s how it works:

⁣1. GAME PLAN: Send us a message so we can set up a virtual consultation to go over a game plan⁣

2. HOME SEARCH: We will send you listings that match your criteria and set you up to receive emails as soon as a listing that matches your criteria hits the market⁣

3. VIRTUAL TOUR: See a home you like? Let us take you on a virtual tour!⁣

4. OFFERS & SIGNING: This can all be done electronically, and usually is!⁣

5. ESCROW DEPOSIT: Can be done via wiring directly from your banking institution

6. INSPECTIONS: An inspector you hire will send you the inspection report so you know all ins and outs of the property⁣

7. CLOSING: A mobile notary will bring the closing to YOU! ⁣

8. KEY TIME! We will deliver your keys to you and you can move into your new home sweet home!⁣

If you’re thinking about buying, this is a great time! Interest rates are still low and we have great financing programs available to help you get into your dream home. Just contact us here or at 407.801.9914.

Real Estate and Covid-19

What’s happening in real estate today?

The arrival of the Coronavirus pandemic in the U.S. has meant the upheaval of virtually every business, industry and household. The mortgage industry is no exception. Whether you are a homeowner who wants to keep their home, are trying to sell real estate or are hoping to buy a home, then the current state of the mortgage industry is of critical importance.

Here is a look at some of the ways in which COVID-19 is affecting the real estate market in Orlando and beyond.

Mortgage Rates Are Fluctuating

In recent weeks, the Fed brought interest rates down to zero in an effort to stabilize the deteriorating economy. That may make it seem as if mortgage interest rates also should shift downward. Freddie Mac reported that on the week ending March 19, the fixed-rate, 30-year mortgage carried an average interest rate of 3.65 percent. That number represented the largest one-week increase in mortgage rates since November of 2016.

Only two weeks earlier, rates had hit a record low of just 3.29 percent.

Why are rates going up while the Fed ostensibly is slashing interest rates to zero? It’s because mortgage rates tend to follow long-term bond yields more closely than the Fed’s interest rate.

Another factor that’s contributing to the rising rates is that lenders are raising rates to cope with an increased demand for refinancing that was in-progress just before Coronavirus hit in the U.S. Analysts suggest that the rates will fall again once the backlog of refinance applications has been worked through and the markets begin to stabilize. However, as the Coronavirus pandemic continues, things likely will remain volatile for weeks to come.

Early April saw rates decline again to the high 3’s (3.9%), but criteria for buyers is a little tighter. Lenders have raised their credit score minimums to mid-to-high 600’s.

Fewer People Are Shopping for Homes

While a backlog of refinance applications currently exists, lenders are seeing a definite drop off in new applications for refinances and purchases. Simply put, potential refinancers and buyers in Orlando are distracted by COVID-19 and all of the changes that it has brought. At a time of great uncertainty, fewer people are looking to become homeowners, at least for the moment.

Home Sales Are Down

As people across Florida and other states are being forced to stay at home, a decrease in home sales has become inevitable. This may be concerning for people who currently have a home on the market, but rest assured that this downturn is likely to be temporary.

Once the stay at home restrictions begin to lift, home buyers are bound to come out in droves. At the same time, we are likely to see a downward trend in mortgage rates, making it easier for buyers to obtain the financing they need.

In spite of this, real estate is still considered ESSENTIAL and we are still selling and helping buyers purchase real estate. There are precautionary measures in place to maintain the legal and safety standards.

Missed Mortgage Payments Are Inevitable for Some

Statistics suggest that some 47 million jobs may be lost in the U.S. during the pandemic, leading to an unemployment rate of 32 percent. Many of these people are homeowners, and the sudden loss of their income will inevitably mean missed mortgage payments.

Many lenders are working hard with their customers to accommodate the need to skip a month or two of payments. However, there is some fear within the mortgage finance system of a general collapse based on the sheer volume of missed payments. Lenders are hoping to negotiate with the Federal Reserve to step in with emergency loans to help mortgage companies maintain liquidity until the crisis passes.

No such relief was included in the recently passed $2 trillion rescue package, but lenders hope that this will be remedied in the next bill.

Have you lost your income and need assistance with your mortgage?

Do you need to apply for a forbearance?

Are you a small business struggling with payroll or expenses?

Don’t know whether or not you can keep your home or if you have to sell?

Need to move but uncertain about the market?

Turn to a Trusted Real Estate Company for Information

Whether you are a homeowner, a buyer or a seller, you can trust us to provide you with the guidance and advice that you require. No matter your needs, we are a reliable resource for everything relating to real estate in Oviedo.

If you answered YES to any of the questions above, contact us at 407.801.9914 or email at [email protected] for the best resource to help you through these uncertain times.

Oviedo, Florida Spotlight: iHeart Realty

Oviedo, Florida is a city located in NE Seminole County (Greater Orlando Area).

Oviedo on the Park is considered Oviedo’s newest downtown area. Oviedo was established in 1925 with a population of 800 residents. It is 16 square miles in Seminole County. Early settlers grew crops of celery and citrus and traveled to Orlando and Sanford to distribute the produce.

Fast forward to 2018, celery and citrus are no longer grown here in large farms as they were in 1925 and Oviedo has seen growth in different ways.

Stats in Oviedo:

  • Median Age: 34
  • Median Household Income: $79,786
  • Average Home Value: $292,612
  • Expected Population in 2022: 40,408
  • Current Population: 37,128

 

Many may consider Oviedo a sleeper community, but more and more industries are coming into this city. Restaurants, stores and boutiques are on the rise. School systems are among the top rated in the state drawing people from all over. New mixed use developments, commercial properties, residential single family homes, townhouses and apartments are available.

 

For more information to buy or sell in Oviedo, Florida contact us at 407.801.9914 or complete this form.

Subscribe to our channel and check out our other episodes like: https://www.youtube.com/watch?v=Nrmb3…

 

 

How Flood Zones Affect Real Estate

 

Real Estate & Flood Zones

Natural disasters can happen anywhere. Among the most devastating effects of these disasters is the flooding. Entire homes may be smashed, but even an inch or two of water creeping into a structure can cause shockingly extensive damage. If you’re thinking about buying a home, then it’s vital for you to understand flood zones.

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5 Top Home Improvements for Best Returns

Prepping Your Home

When you are preparing to sell your house, you may have a single-minded focus on what you’re looking for in your next home. However, it may be crucial to pay attention to your current abode. A home improvement project or two may be just the thing to make certain that your current house sells quickly and at the right price.

Continue reading “5 Top Home Improvements for Best Returns”

How to Benefit in a Hot Real Estate Market With a 1+ Acre Property

Oviedo, Florida (August 4, 2017) — Waypointe Realty has made a career out of selling homes in the niche market of those with more than an acre of land. With the hot real estate market that exists in Central Florida, sales are happening relatively quickly, but there are ways to maximize your property value before the sale is final.

“We specialize in the niche market of homes with larger lot sizes,” said Jenelle Ferrer, President of Waypointe Realty.

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How do I register for Florida Homestead Tax Exemption? (W/ Video)

Central Florida Homestead Exemption

As a Florida resident, one of our perks as homeowners is being eligible for a Homestead Exemption on your home, condominium, co-op apartment, and certain mobile home lot if it qualifies. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence.

We’ll break this down for you.

A homestead property is one owned by Florida residents where they live as their primary residence. It is an exemption designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse.

Florida property tax homestead exemption reduces the property taxes by $50,000 when the value of a home is assessed, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. Assessment for taxes is NOT the same as an appraisal (many people get these confused).

 You should file your regular residential homestead exemption application between January 1 and March 1. If you miss the March 1st cutoff, you may pre-file for the following year from March 2 through December 31.

You do not need to do this every year. Once is all it takes and then do it again when you move. But remember, when you move, you'll have to apply for the exemption on the next home, thus removing it from the previous.

Homestead exemptions remove part of your home's value from taxation, so they lower your taxes. For example, your home is appraised at $100,000, and you qualify for a $25,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $75,000. You can only claim homestead on ONE property. It has to be the one you reside in, not investment or second home.

If you own your home, reside there permanently and are a Florida resident all as of January 1, you may qualify for Homestead exemption and it can reduce your taxable value on your home as much as $50,000, saving you approximately $750 annually.

Many property appraisers allow you to file for a homestead exemption online. Make sure you check with your local county property appraiser to see if you can file online or if you must file in person AND for the information, you will need. For either method, at a minimum, you will need:

  • Social security number for each applicant
  • Two proofs of residence for each applicant, which could be:
    • Valid Florida driver's license
    • Valid Florida auto tag registration
    • Valid Florida voter registration card

You must complete Form DR-501 and check with your local county appraiser for filing details. Find all the appraiser's offices in Florida.

You're going to be asked to prove residency, but just follow this link and click on the arrow as shown below. It will give you all the information necessary to complete the process.

Once you do, you're all set up to receive your Florida Homestead Exemption.

Florida Homestead Exemption

Yes! If you recently moved into a new home you purchased, you should absolutely transfer your Homestead Exemption before the deadline. Use the "portability" option. 

In Seminole County, for example, you can click "Portability" and it will take you to the steps required for that process. 

Your Central Florida Property Appraisers

Seminole County
1101 E. First St.
Sanford, FL 32771
P: 407-665-7502
F: 407-665-7924
www.scpafl.org

Lake County
317 W. Main St.
Tavares, FL 32778
P: 352-343-9748
F: 352-343-9894
www.lakecopropappr.com

Orange County
200 S. Orange Ave., Ste. 1700
Orlando, FL 32801
P: 407-836-5055
F: 407-836-5029
www.ocpafl.org

Volusia County
123 W. Indiana Ave., Rm. 102
Deland, FL 32720
P: 904-736-5901
F: 904-822-5063
www.volusia.org/property

Osceola County
P.O. Box 422366
Kissimmee, FL 34742
P: 407-847-1350
F: 407-847-1364
www.property-appraiser.org

Polk County
255 N. Wilson Ave.
Bartow, FL 33830
P: 863-534-47771
F: 863-534-4753
www.polkpa.org

Homestead Exemption Tips

Other Property Tax Exemptions

Veterans who are Florida residents and were honorably discharged with a service-related total and permanent disability may be eligible for a total exemption from ad valorem taxes on property they own and use as their homesteads. A similar exemption is available to disabled veterans confined to wheelchairs.

In order to qualify for the Low-Income Senior Exemption for 2021, an applicant must be 65 or older as of January 1, 2021, receive the Homestead Exemption on the property, AND have a combined household adjusted gross income for 2020 not exceeding $31,100 (note: this adjusted gross income limitation number is adjusted annually in January to reflect the percentage change in the average cost of living index).

A Florida resident who has been certified by one Florida licensed physician as being totally and permanently disabled, but not requiring the use of a wheelchair for mobility, can qualify for a $500 Disability Exemption on the assessed value of the property.

The Widow / Widower's Exemption provides a $500 reduction in the assessment of a homesteaded property occupied by the surviving spouse.

You can only take a homestead exemption for a year if you live in the home as of January 1st.[1] Accordingly, you can't move to Florida during the year and claim a homestead exemption for that year.

For example, say you move to Florida on January 15, 2017. You can't claim a homestead exemption for 2017. However, you can claim the exemption for 2018.

Generally, only U.S. citizens and permanent residents can claim Florida's homestead exemption. However, non-citizens can claim the exemption if they have children born in the U.S. who live in the home and are dependent on you. In this case, your children have to qualify as permanent residents of the property.[5]

You will need to collect birth certificates and other proof that the children use the home as their primary residence. Talk with your county's property appraiser for more information.

You might do something that will cause your county to deny you a homestead exemption. For example, don't do the following:[6]

  1. Avoid renting your home for more than 30 days each year, for two consecutive years.
  2. Don't get a driver's license in any other state. Don't forget to register your vehicle in Florida if you drive in the state.
  3. Avoid registering to vote anywhere else. You should register to vote only in the county where you are a permanent resident.

The homestead exemption is not transferable. You'll need to complete a new application when you move. List your new home address.[17]

  • Once you receive your exemption, the assessed value of your homestead cannot increase more than 3% a year or the percentage change of the Consumer Price Index. Although you can't transfer the homestead exemption, you can transfer these tax savings to a new home.[18]

  • Portability is the ability to transfer of the savings benefit of the homestead property assessment limitation (defined in FS 193.155, known as "Save Our Homes" (SOH) and described as the dollar difference between market value and assessed value, or the percentage thereof from one existing homestead to another new homestead property. 

This application is in addition to the homestead exemption application. If you have already applied for the homestead exemption, you can download the application from your county appraisers website, or request a copy from their office, and submit the completed application to the Property Appraiser.

Portability Formula example:

If you are upsizing (buying home with higher just market value than previous home) please refer to the following example:

  • Previous Home Valued at $400,000 and Assessed at $200,000 (SOH Value)
  • $400,000 - $200,000 = $200,000 (Portable Amount)
  • New Home Valued at $500,000 - $200,000 (Portable Amount) = $300,000 (New Assessed Value for new Home)

 

If you are downsizing (buying home with lower just market value than previous home) please refer to the following example:

  • Previous Home Valued at $400,000 and Assessed at $200,000 (SOH Value)
  • SOH Value divided by value = % eligible; $200,000 /divided by $400,000 = 50% (% eligible to "port" to new property)
  • New Home Valued at $300,000 x 50% (port %) = $150,000 (New Assessed Value for new Homestead)