Friday, August 10, 2012

Renovate or Relocate? - 8/10 Money Pit e-Newsletter



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Presented by:

Bath Fitter

Stanley

Wet & Forget

•The Welcome Mat

If you're thinking of upgrading your money pit or are in the market for a new house, check out our tips on a gadget that comes in handy with tricky projects, a smart renovation idea to increase home value and factors you should consider when buying a home. You can do-it-yourself, but you don't have to do it alone.

•This Issue

VIDEO: Inspection Cameras Help You See Through Walls

VIDEO: Inspection Cameras Help You See Through Walls

If you need to get to the bottom of a rustling sound in your wall, find a leaky pipe or locate a network cable that's giving you trouble, inspection cameras can help you do the job without having to tear the wall apart. Check out this video overview of several great models on the market. read more
Move or Improve?

Move or Improve?

Debating whether to move to a new home or improve your current money pit? Get tips on the important financial factors you should take into consideration when making your decision. read more
Transform Your Bath for a Fraction of the Cost

Transform Your Bath for a Fraction of the Cost

Bath renovation can increase your home's value, but complete renovations are expensive, messy and time consuming. Learn about a strategic partial renovation that is customized to your needs and can be installed in just one day, at a fraction of the cost. read more
Ask the Money Pit: What is Toxic Black Mold?

Ask the Money Pit: What is Toxic Black Mold?

"What exactly is that dreaded 'toxic black mold' that seems to be in the news a lot?" read more
ON THE AIR: Tips on Buying a House

ON THE AIR: Tips on Buying a House

This might be the right time to buy a home. Get smart tips on how to buy a house. Plus get answers to your home improvement questions about venting attics, universal design for baths, eliminating bees, dealing with moles, cracked walkways, insulation options and more. read more

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Friday, August 3, 2012

Buying a home versuys renting pays off after three years on average


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For renters, buying a home pays off after three years on average -
Real estate website Zillow says the 'break-even horizon' for potential home buyers varies widely depending on location.  By Alejandro Lazo, Los Angeles Times August 2, 2012, 5:00 a.m.

  • Real estate website Zillow has a provocative data point for every renter thinking about buying these days: That move pays off after just three years on average nationwide.

    The company, which lists for-sale and for-rent information on its site, has released a new analysis of what it calls the "break-even horizon," comparing what it would cost to buy or rent the same home in a number of U.S. markets over time.

    The rent-or-buy calculus varies widely depending on where you live.

    In the combined Los Angeles and Orange counties, the magic number is 4.3 years, assuming the buyer has made a 20% down payment. Buying wins out after only 1.6 year in the desert community of Banning. But Newport Beach residents must wait 14 years for buying to make more financial sense than renting.

    The analysis takes into account a host of factors potential buyers should think about when considering the leap, including the down payment, mortgage and rental payments, buying and selling costs, property taxes, utilities, maintenance costs and tax deductions. The analysis adjusts for inflation and forecasts home value and rental price appreciation.

    Zillow senior economist Svenja Gudell said the data should help homeowners get a rough and immediate sense of whether buying makes sense in a particular area in relation to their financial situation.

    "For a home buyer out there, it is really tough to get a good grip on the buy-versus-rent decision," Gudell said. Although buying a home is a deeply personal decision, she said, the analysis gives consumers "a sense for 'Am I ready to make this decision?'"

  • For more click here: http://www.latimes.com/business/realestate/la-fi-rent-or-own-20120802,0,61144...


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Great Captions With the Dog Photos


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Thursday, August 2, 2012

Make Your Tools Work for You - 8/3 Money Pit e-Newsletter

The Money Pit Home Improvement E-Newsletter
Home Remodeling Repair & Improve Ideas & Solutions Radio & Podcasts Contact Us Community
Where Home Solutions Live™

Ask A Question

Presented by:

Bath Fitter

Bostitch

Wet & Forget

•The Welcome Mat

A DIYer is only as good as their tools -- but what good are your tools if they're in disarray or need of repair? In this edition, learn how to turn your tools into teammates with our tips on organization, maintenance and workspace upgrades. You can do-it-yourself, but you don't have to do it alone.

•This Issue

VIDEO: How to Choose and Use a Router Table

VIDEO: How to Choose and Use a Router Table

A router can be one of the most useful DIY tools you'll ever use. A router table makes it even more versatile by holding the router securely, freeing up both hands. Watch this overview of the various router tables on the market to find one that works for you. read more
Ask The Money Pit: Best Flooring Option for a Garage Workshop

Ask The Money Pit: Best Flooring Option for a Garage Workshop

"I'm thinking about converting my garage to a workshop that I'd use to tackle projects from car repair to woodworking. In reviewing the floor options, I'm trying to decide between adding a locking floor tile or painting it. Any suggestions?" read more
Tool Storage Tip for Sheds

Tool Storage Tip for Sheds

A tool shed is a great way to organize all of your tools. Before you buy or construct a shed for your tools, first look into permits and codes, check out your options when it comes to building materials and consider whether you want the shed to double as a workspace. read more
Tools for Vacation Homes: Knowing What to Pack

Tools for Vacation Homes: Knowing What to Pack

Packing a toolbox for a vacation home ensures that your daydreams of perfect relaxation become a reality. Just as with your full-time abode, vacation homes have their own collection of idiosyncrasies and can present minor fix-it emergencies while you're in residence. read more
ON THE AIR: Repair Old Garden Tools

ON THE AIR: Repair Old Garden Tools

Find out how to take care of old, rusty or broken garden tools so they don't have to be replaced. Plus get answers to your home improvement questions about noisy air conditioning units, updating a formica countertop, replacing garage doors, and more. read more

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