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Showing posts from October, 2020

Pros and Cons of Buying a House With a Fireplace

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David Deem 714-997-3486 Dave@DeemTeam.com

Many people love the idea of relaxing in front of a fireplace on a cold winter night. The sight, smell and sound of a fire can create a relaxing ambience. While the idea of having a home with a fireplace may be appealing, the reality does not always live up to people’s expectations. The amount of heat given off, the amount of work required and the cost depends on the type of fireplace.

Wood Fireplace
A wood fireplace can create a cozy atmosphere. If the power goes out, a wood fireplace can continue to heat your home. It can also provide light and a way to cook during a power outage.

Since most of the heat produced by burning wood escapes through the chimney, a wood fireplace is not very energy efficient. A fireplace insert can increase the amount of heat that stays in the house. If the damper doesn’t close enough, the house may have drafts, which can result in high utility bills.

Embers from a fire can spread and cause nearby objects to catch fire. C…

Study: Top 15 Cities for Millennial Renters

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David Deem 714-997-3486 www.DeemTeam.com
By Jameson Doris
Texas is hot! Aside from the climate, the rental market is booming in the Lone Star State, with four of the top 15 cities for millennial renters located there, according to a RENTCafe study.

Analyzing data from 13 million rental applications across the U.S., national internet listing service RENTCafe found the cities where millennials applied the most for rentals this year compared to the past five years.

"We focused on large and mid-sized cities—where millennials represent 38.5 percent of applications—and ranked them based on each city's share," according to the company.
In Texas, the four cities that cracked the top 15 list are: Austin (No. 3), Houston (No. 4), San Antonio (No. 5) and Dallas (No. 12).

However, although Seattle, Wash., has topped the list for the past five years, Austin is set to overtake the West Coast city. The Texas capitol came in at No. 1 for 2020 and, according to RENTCafe, more than half of the re…

NAHB: Remodeling Industry Confidence Surges in Third Quarter

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David Deem 714-997-3486 Dave@DeemTeam.com
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82. The finding is a signal of residential remodelers' strong confidence in their markets, for projects of all sizes. The demand for home improvement is robust given the importance of home for Americans as the economy recovers and adapts from the impacts of COVID-19.
"With refinancing activity surging, homeowners are investing in their homes, which is sustaining strong demand for remodeling," said NAHB Remodelers Chair Tom Ashley, Jr., CAPS, CGP, CGR, a remodeler from Denham Springs, La. "As a result of the rapid changes for work and the economy after the virus-induced recession, homes are serving multiple roles such as school, office and gym. This has directly increased the demand for improvements."

The RMI survey asks remodelers to rate five components of the remodeling market as &q…

Do You Need to Know More about Forbearance and Mortgage Relief Options?

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David Deem 714-997-3486 Dave@DeemTeam.com

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need.First, there was a pause placed on initiating foreclosures for government-backed loans. This plan started on March 18, 2020, and it extends at least through December 31, 2020. Second, homeowners were able to obtain forbearance for up to 180 days, followed by a potential extension for up to another 180 days. This way, there is a relief period in which homeowners have the opportunity to halt payments on their mortgages for up to one year.Not Everyone Understands Their OptionsThe challenge, according to Matt Hulstein, Staff Attorney at non-profit Chicago Volunteer Legal Services, is, “A lot of homeowners aren’t aware of this optio…

Orange County Housing Summary: October 20, 2020

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David Deem 714-997-3486 Dave@DeemTeam.com
The active listing inventory increased by 20 homes in the past two-weeks, nearly unchanged, and now totals 4,173, its lowest level for mid-October since 2012. COVID-19 is not suppressing the inventory; in September there were 21% more homes that came on the market compared to last year. This trend evolved in August and continues to this day. Last year, there were 6,412 homes on the market, 2,239 additional homes, or 54% more.Demand, the number of pending sales over the prior month, decreased by 101 pending sales in the past two-weeks, down 3%, and now totals 3,153. COVID-19 currently has no effect on demand. Record low rates are fueling today’s exceptional demand. Last year, there were 2,251 pending sales, 29% fewer than today.The Expected Market Time for all of Orange County increased from 38 days to 40, a Hot Seller’s Market (less than 60 days). It was at 85 days last year, much slower than today.  For homes priced below $750,000, the market is…

Get Your Home Ready for Work and School This Winter

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David Deem 714-997-3486 Dave@DeemTeam.com

Although preparing your home for winter is a fairly consistent process year-to-year, many homes have seen significantly more use this year due to COVID-19 restrictions. If your home will serve as your office or school throughout the winter months, it’s important to address issues that may have been noticed but tolerable during winter's past.  

Consider these tips from the experts at the National Association of the Remodeling Industry to help ensure your home is ready before winter weather strikes.

Improve Indoor Air Quality
Beyond proper physical and structural considerations of winter preparations, the increased daily usage of your home naturally increases the importance of indoor air quality. Since windows and doors will likely be closed more often, moisture levels within your home can be significantly affected. Use a humidifier, if necessary, to maintain a relative humidity between 45-50%, which is healthier and can feel more comfortable. It …

Do You Have Enough Money Saved for a Down Payment?

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David Deem 714-997-3486 Dave@DeemTeam.com



One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down.A recent survey by Point2Homesmentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months. The study notes, “88% say they have significantly less savings than the average national down payment amount, which is $62,600.”Thankfully, $62,600 is not the amount every buyer needs for a down payment in the United States. There are many different options available, especially for first-time homebuyers (millennial or not). That amount can also be significantly less, depending on the purchase price of the house.According to the National Association of Realtors (NAR), “The median existing-home price for all housing types in August was $310,600.” (These are the latest numbers available). N…

Fire Safety Maintenance Tasks You Can't Risk Forgetting

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David Deem 714-997-3486 Dave@DeemTeam.com


You likely already know that home maintenance tasks are a vital aspect to keep your home at its best, but some home maintenance goes far beyond simply protecting your largest investment. Fire safety maintenance ensures your safety and the safety of the ones you love. Don’t get caught in a dangerous situation that could have been prevented with a few crucial, but easily accomplished, fire-safety tasks for your home.

Check Your Smoke Detectors
This task is a no-brainer. We all hear numerous reminders to check your smoke detectors monthly. Unfortunately, such an easy and infrequent task is often pushed to the wayside in many households. Don’t set yourself up for an unsafe situation—set a recurring reminder to check your detectors to ensure your household’s safety. Don’t forget, depending on your model, you may have to change your batteries yearly and replace your smoke alarm entirely every ten years.

Replace Your Fire Extinguishers
Having a fire extingu…

Choose the Right Paint Color for Your Home Office

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David Deem 714-997-3486 Dave@DeemTeam.com

When working from home, it’s important that your work space gives off the right vibe to help you focus and separate your personal life from your career. From creating as much privacy as possible to having all the necessary tools at your fingertips, how you outfit your home office will have a big impact on your productivity.

One of the most important, yet overlooked, places to start is with the right paint color. The tone on the walls that surround you while you’re working has a direct impact on your state of mind. But not all shades provide the same impact. According to Sherwin Williams, to make the right paint selection, think about what you need most to be productive for your particular job, then choose your shade accordingly.

A sense of calm. If your work is somewhat on the frenetic side, you’ll need a color that helps keep you calm, such as soft shades of blue or dusty shades of beige, green and gray. These muted tones help ease your mind and p…

5 Zones to Childproof in Your Home

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David Deem 714-997-3486 Dave@DeemTeam.com



Welcoming a child into your home is an exciting step, whether you are about to embark on the journey of parenthood, are a grandparent who wants to ensure a safe and child-ready home for your grandchildren or you have another reason to prep your home with child safety in mind, it can seem overwhelming at first. Thankfully, addressing a few key areas of your home will accomplish 90 percent of the job.

Zone One: Stairs
Stair railings are important for everyone’s safety, not just children’s. Ensure that hand  and balcony railings are sturdy. They should be able to hold up against a child hanging from them or a falling adult grabbing them for stability. Keep this in mind for indoor and outdoor steps or staircases. Remember that pressure-mounted gates are a hazard at the tops of stairwells. They will not keep a child safe from a tumble. Opt for a gate that requires hard installation and is made specifically for stair safety.

Zone Two: Windows
Install or ve…

Should You Buy a Retirement Home Sooner Rather than Later?

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David Deem 714-997-3486 Dave@DeemTeam.com
Should You Buy a Retirement Home Sooner Rather than Later?

Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed.Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before I retire? If the sand and sun are calling your name and you have the opportunity to work remotely for the foreseeable future, now may be a great time to purchase that beach bungalow you’ve always dreamed of or the single-story home in the sprawling countryside that might be a little further out of town. Whether it’s a second home or a future retirement home, spending the next few years in a place th…

Is it Time to Move into a Single-Story Home?

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David Deem 714-997-3486 Dave@DeemTeam.com

Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.The dilemma, though, is where to go next. A big concern for many homeowners who are ready to sell is finding a home to move into, given today’s lack of houses available for sale. There is, however, some good news: the number of single-family 1-story homes being built today is on the rise, improving your odds of finding the right home for your changing needs. In a recent article, The National Association of Home Builders (NAHB) explains:“Nationwide, the sha…

Picking Out the Right Upholstery Fabrics for Your Home

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David Deem 714-997-3486 Dave@DeemTeam.com


If you’re the type who likes to get hands-on with the interior design process in your home, then you know that finding just the right upholstery fabric can be both incredibly exciting and surprisingly difficult. Whether it’s for the entire couch in the living room or just a few throw pillows in the bedroom, there are plenty of considerations to take into account before settling on the perfect fabric. Here are a few tips to help find the right choice for each room in the house. 

Style and Aesthetic
Of course, the first thing we look to when picking out new upholstery is the visual aspect. How will it complement the rest of the room? Will it make this piece of furniture the new focal point or will it blend in with its surroundings? From solid colors to vibrant patterns and prints, the hardest part is usually narrowing it down to a fabric that suits your design aesthetic.

Durability
There are certain parts of the home that receive more wear and tear tha…

Tips for Managing Water Heater Installation

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David Deem 714-997-3486 Dave@DeemTeam.com

By Brooke Chaplan
Getting a new water heater installed at your house isn't something that you have to do very often. With that in mind, it's important to ensure that any installation is done properly to keep it from causing damage to your home or wasting energy.

Ideally, a new water heater should last around ten years with proper maintenance. Whether your old one is breaking down or you just built a new house, you can use these tips to manage the installation process:

When to Install a New Water Heater
When a water heater breaks, all kinds of things can happen. A faulty unit can leak water all over the floor and ruin the building materials. You could be caught by surprise by a cold shower when you least expect it. Many people choose to install a new water heater once theirs reaches a certain age or fails an inspection. You may also need to arrange for a replacement if yours makes strange noises or springs a small leak.

Figure Out Your Preferen…