Fireplace Safety For Homeowners

Fireplace Safety For Homeowners

10 Fireplace Safety Tips

During the fall and winter months, many homeowners light their fireplaces to help keep their homes warm and cozy. Plus, as countless movies have taught us, fireplaces can provide optimal ambiance for a romantic night in with a significant other.

However, unless precautions are taken, improper use of fireplaces could lead to house fires or carbon monoxide poisoning. To help you enjoy a fireplace safely, the U.S. Consumer Product Safety Commission offers the following tips:

1. Be sure the fireplace was constructed for actual use, not just for decoration. Inspect it to ensure that it has adequate protective linings and smoke ducts and that the chimney is clear and in good repair.

2. Open the damper before lighting the fire, and keep it open until the ashes are cool. This will avert the buildup of poisonous gases, especially while the family is sleeping.

3. Never use gasoline, charcoal lighter or other fuel to light or relight a fire because the vapors can explode. Also, never keep flammable fuels near a fire.

4. Don’t use coal or charcoal in a fireplace due to the danger of carbon monoxide buildup. It isn’t a good idea to burn trash or wrappings either because coated materials can generate deadly fumes. Flying paper embers could also ignite the roof.

5. Don’t treat artificial logs like real logs. Artificial ones are usually made of sawdust and wax and have special burning properties. Be sure to read the product instructions and follow them carefully. Don’t poke artificial logs, as it could cause a flare-up, or the flaming wax could stick to the poker and drop onto the floor.

6. Don’t overload the fireplace. Large fires can lead to overheating of wall or roof materials, particularly if the fireplace is constructed of metal.

7. Always use a screen around the fireplace to keep sparks from flying out and to protect children and adults from accidental clothing ignition.

8. Warn children about the danger of fire. Do not let them play with it.

9. Keep flammable materials such as carpets, pillows, furniture or papers away from the fireplace area. During the holidays, be sure decorations aren’t close enough to be ignited by a spark.

10. Before retiring for the night or when leaving the house, make sure the fire is out completely.

Read the Original Article Here: 10 Fireplace Safety Tips

Oakland County, Michigan : Housing Market Trends Are Changing

Oakland County, Michigan : Housing Market Trends Are Changing

The housing market has taken a lot of people by storm recently. Homeowners, Realtors, home buyers, and mortgage brokers in Oakland County can probably attest to that. Residential real estate sales in cites such as Farmington Hills, Novi, Northville, and West Bloomfield have been booming. Home prices have been on the rise as has sales transactions.

Looking at the high number of homes for sale in Oakland County, MI, there may be some indicators that a homes for sale in oakland county market may be on the horizon. If you are a home seller or buyer who has been trying to time the market, there are some housing sales trends that will be of interest to you. However, like all trends, even the experts find it challenging to determine the exact timing of upswings and downturns.

What are Some of the Indicators of a Cooling Housing Market?

In a red hot real estate market, home prices tend to go sky high, and the number days that homes for sale in Oakland County, Michigan remain on the market is impressively low. Houses sell fast at their asking price and frequently above the listed price.

Never underestimate the wisdom of the rule of supply and demand. When the supply of homes for sale in Oakland County, MI exceed the demand, this is a signal that something is changing. This may or may not mean that there are many homes just listed on the market. What you could be witnessing is that homes are on the market for longer than they used to be, and the demand is not keeping up with the supply.

There appears to be some subtle undertones in the Oakland County, Michigan housing market according to some people who are watching it closely. When one piece of the puzzle waivers even slightly, it could be the beginning of a domino effect that is about to happen. If their home is not selling as quickly as expected, a homeowner reacts by lowering their asking price. If this happens enough, other sellers are forced to lower their price to be competitive in the Oakland County, Michigan housing market.

This has a negative impact on home sellers who, of course, want to get top dollar for their real estate. It does, however, open up an opportunity for the buyers. A first-time buyer may now find themselves able to purchase a home in a market that was previously price prohibitive for them as long as they can qualify for a mortgage.

The Economic Unknowns in 2021

There are many economic unknowns at this time, and more seem to come into play all the time. While many people are talking about Washington DC’s inclination to raise interest rates, it’s a bit of a mystery so far. A rise in the prime interest rate will be reflected in the rate at which a consumer can obtain a home mortgage. Uncertainty slows down many sectors, and the residential real estate market is no exception. Potential buyers in the Oakland County, Michigan housing market may be forced to take a “wait and see” attitude before they buy a house.

Many people are concerned about the uncertainty of the stock market and what this could mean to their personal erage American home buyers in Oakland County, Michigan have IRAs and 401ks they need to protect, and that will negatively impacted whether they believe they are ready to buy a new home.

Another economic uncertainty is also likely to bring on a cooling housing market in Oakland County and across the country for that matter. There is an ongoing threat that higher taxes will be imposed on businesses, corporations, and individual taxpayers. If this new tax policy was to get passed, the impact would affect people in every income level. Businesses have historically reacted to higher tax rates by laying employees off and decreasing hiring. Fear of losing their job is another reason why people put off buying a house and taking on any new financial obligations.

Another current issue that could cause a cooling housing market in Oakland County, Michigan is the rising rate of inflation that people are already feeling in 2021. People are paying more for practically everything, and their money is not going as far as it used to just a year ago. This, combined with the other aforementioned new developments, is not going unnoticed by consumers in Michigan. When consumers get “hit in the pocketbook” or wallet, they understandably change their buying habits. With so much negative economic news, however, it doesn’t necessarily mean that the real estate market in Oakland County will come to a standstill. Even if home sales slow down, home sellers should remember that it has been in quite a boom.

A boom in real estate is a trend that comes and goes from time to time. People will always want or need to move for one reason or another. Homes that are priced right will continue to sell, and buyers will continue to buy them. The days of bidding wars may be fewer and further between, but it’s always exciting when it happens! Now that school is open again after summer vacation, the families of Oakland County are hopefully all settled in their lovely new homes. Farmington Hills, Novi, Northville, West Bloomfield, and all of the other wonderful communities in Oakland County are great places to live, work, raise a family, or just live life to the fullest as an empty nester.

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Buying A New Vehicle While Trying To Purchase A Home-Rethink That Idea

Buying A New Vehicle While Trying To Purchase A Home-Rethink That Idea

You need another vehicle. You need another home. Be that as it may, will purchasing the previous effect your capacity to purchase the last mentioned?

The Affects Of Changing FICO Rating

A new article from realtor.com laid out the manners in which taking out a vehicle advance could affect your capacity to get a home loan (and to get the best rate on that home loan), including: Changing your FICO rating. At the point when you apply for a vehicle advance, it’ll appear as a hard request on your credit report. While hard requests don’t affect your credit, temporarily, they can bring down your FICO assessment by a couple of focuses—which, contingent upon your score, could endanger your capacity to get the most aggressive rate (or to meet all requirements for a home loan by any means).

Changing your relationship of outstanding debt to take home pay. Relationship of debt to salary after taxes is perhaps the main variables lender use to decide how much house you can bear—and, all things considered, what home loan sum you’re supported for. Taking out a vehicle advance prior to purchasing a house impacts your relationship of outstanding debt to take home pay and can bring about you getting supported for a more modest advance.

Going about as a “warning” to your bank. Making a major buy (like a vehicle) and assuming more obligation before purchasing a home can be a warning to loan specialists that you’re not mindful with your funds—which could affect your capacity to get supported.

The Takeaway:

All in all, what’s the significance here for you? In case you’re contemplating purchasing another home and another vehicle, you might need to consider holding on to purchase the vehicle until after your home buy is completely wrapped up.

About me

Oakland County Michigan Professional Realtor-Tom Gilliam has earned a reputation of being a renowned local expert in Homes for Sale in Farmington HillsNoviNorthvilleWest Bloomfield, Ferndale, Royal Oak, Birmingham to name just a few in the Oakland County Michigan area.  As an Oakland County Michigan Professional Realtor I take pride in my knowledge of the current market conditions in all of the region’s micro-markets, and I offer my clients an intimate glimpse into the neighborhoods that might become their next home or one they sell a home in. With more than 19 years of experience in the local real estate markets, Oakland County Michigan Professional Realtor-Tom Gilliam is qualified to help first time home buyers and home sellers in Farmington Hills,NoviNorthville,West Bloomfield, Ferndale, Royal Oak, Birmingham, South Lyon just to name a few. Search all homes for sale in Farmington Hills and the surrounding areas for all the freshest home listings in one spot.

Thinking About Buying a Home Near a School?- Weigh These Pros and Cons

Thinking About Buying a Home Near a School?- Weigh These Pros and Cons

You’ve found your dream home—but it’s right across the street from a school. So, the question is, will your home’s location near a school be a major plus, or a serious drawback?

recent video from realtor.com outlined the pros and cons of purchasing a home near a school, including:

  • Pro: No commute to school. If you have school-aged children (and their ages line up with the grades the nearby school serves), living within walking distance of their school means you don’t have to drive them to school or put them on the bus.
  • Con: More street traffic. Even if your kids can walk to school, the majority of students will still need to be bussed or driven each day—which means significant street traffic at drop-off and pick up times.
  • Pro: Schools = safety. Schools are invested in keeping their students, property, and neighborhood safe, which typically translates to extra security measures, like security guards and cameras. And if you live nearby, you get the secondary benefit of those security measures.
  • Con: Extra noise. Between students playing outside, extracurricular activities, and other after-school events, schools can be noisy places—and if you live near a school, you’ll have to deal with the noise.

The Takeaway:

So, what does this mean for you? Living near a school has its benefits and challenges—and if you’re considering buying a home near a school, it’s important to understand both before you make a decision.

be a major plus, or a serious drawback?

recent video from realtor.com outlined the pros and cons of purchasing a home near a school, including:

  • Pro: No commute to school. If you have school-aged children (and their ages line up with the grades the nearby school serves), living within walking distance of their school means you don’t have to drive them to school or put them on the bus.
  • Con: More street traffic. Even if your kids can walk to school, the majority of students will still need to be bussed or driven each day—which means significant street traffic at drop-off and pick up times.
  • Pro: Schools = safety. Schools are invested in keeping their students, property, and neighborhood safe, which typically translates to extra security measures, like security guards and cameras. And if you live nearby, you get the secondary benefit of those security measures.
  • Con: Extra noise. Between students playing outside, extracurricular activities, and other after-school events, schools can be noisy places—and if you live near a school, you’ll have to deal with the noise.

The Takeaway:

So, what does this mean for you? Living near a school has its benefits and challenges—and if you’re considering buying a home near a school, it’s important to understand both before you make a decision.

Cooler Weather Will Be More Homebuyer Friendly

Cooler Weather Will Be More Homebuyer Friendly

The summer season is nearly over, which means that the temperatures are about to chill off here in Oakland County, Michigan. And whilst there’s no assure, it looks like the housing market may also cool together with it—as a minimum barely. in step with a recent article from realtor.com, many experts assume that, while the fall shopping for season may be competitive, it won’t be quite as frenzied as the spring or fall.

Indicators

One indicator supporting that projection is the tempo of rate increase. consistent with the item, the country wide median home charge hit $385,000 the week finishing August 14 (the very best on document). That price represented a 8.2 percent boom year over 12 months—a particular boom in fee, however notably less than the 17.2 percentage increase from April 2020 to April 2021. stock is also beginning to increase (in step with information from the country wide affiliation of REALTORS®,1.32 million houses have been to be had for sale in July 2021—a 7.3 increase from June)—and the greater stock is to be had inside the fall, the less difficult the house search technique will be for shoppers.

The Takeaway:

So, what does this imply for you? There’s no denying that fall is shaping up to be a competitive season for real property—however with slowing fee boom and growing inventory, it may prove to be much less competitive than it’s been for quite a while.

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