Friday, June 22, 2018

What is Home Equity?


There are so many benefits to owning a home. From tax deductions to the pride of ownership, you can find lots of reasons to take the plunge and buy.  Today we’ll talk about another aspect of home ownership – home equity.
Home equity is the amount your home is worth minus the amount owed on your mortgage.  For example if your home is worth $250,000 and your mortgage is $150,000 then you have $100,000 equity in your home.
If the value of your home remains relatively stable over time, your equity will increase as your mortgage continues to decrease.
Your home’s value will fluctuate over time as the market rises and falls.  To keep up the value of your home ensure you keep up with your home’s maintenance and make improvements as necessary.
Home equity allows you to do several things:
-        Receive more cash for your home if you choose to sell in the future
-        Invest the money from the equity in your home toward a new home purchase
-        Receive a loan based on the equity you have in your home
With a brand new home, your home value is high due to the demand for new homes in the area and the newness of your home’s construction and materials.  To increase your equity in this situation, consider decreasing the debt on your home by making extra payments or refinancing to a shorter mortgage term.
If you are in the process of buying a new home, making a larger down payment will also quickly increase the equity you have in your home.
How do you keep up the value of your largest investment – your home?

Monday, June 18, 2018

Meet The Builder

Stanley J. O'Brien Jr. - President and CEO

http://paradimeconstruction.com/builder-profile.html


Stan O'Brien, president, was raised in Charleston, South Carolina where the antebellum style homes first inspired his love of architecture. That love took him to Clemson University where he studied architecture formally. He received a Bachelors in Architecture and a Bachelors in Construction Science.

After working for a homebuilder in North Carolina, Stan returned to South Carolina and now resides in Columbia. He started Paradime Construction in 1999. His company goal is to design and build custom homes for clients who enjoy personal attention in every aspect of the homebuilding process while providing an affordable, quality home.

Paradime Construction incorporates green building techniques into their construction process creating energy efficient homes in Columbia and Lexington, South Carolina. Paradime Construction is a CHiP (Certified High Performance) home builder of the Green Building Council of Greater Columbia.

Paradime Construction incorporates Universal Design in their building process as well. The Certified Universal Living Home is a new certification offered by the Building Industry Association of Central SC. Homes that qualify under this certification are inspected by a third party to ensure they meet certain standards for homeowners with limited mobility.

http://paradimeconstruction.com

Thursday, June 7, 2018

Hot Weather Home Maintenance Tips


The heat is tough on everyone – scorching sun and high temperatures can take their toll not only on you and your family but also your home.  Here are a few ways to protect your home from the effects of summer.
-        Your air conditioner is working over time during the summer so do what you can to help it out. Keep landscaping from encroaching onto your outdoor unit. Also keep inside filters clean and replaced regularly.
-        Clean around windowsills to remove debris and ensure a tighter seal keeping warm air out and cool air in.
-        If your area is prone to summer storms check trees for loose or dead limbs that may be thrown during high winds.
-        Inspect your yard regularly for standing water and fill in as necessary to prevent mosquito habitats.
-        Keep your cool inside by utilizing ceiling fans and curtains.
-        Now is a good time to ensure all of your home ventilations is working properly and efficiently. Be sure to clean the fan over your range to remove grease and dust.  Use a vacuum hose to clean refrigerator coils and keep it running effectively.
-        Remove the lid on the outdoor dryer vent and clean out any lint to prevent fires and keep your dryer running smoothly.
-        Summer heat and moisture can cause mildew to build up on the exterior of your home. Pressure wash or clean regularly to keep it at bay.
What summer maintenance tips do you have to protect your home and keep it in peak condition during those long hot days?