12 Tips for a Safer, More Organized Home By Joe Szabo, Scottsdale Real Estate Team
Kitchen
Your kitchen is filled with shelves and cabinets that are just waiting to be organized. Your cooking prep will be easier and safer without having to dig through drawers or take heavy items off of shelves.- Use a Lazy Susan. Placed in corner cabinets, Lazy Susans can make use of those hard-to-reach areas. Put one in your fridge and you can spin what you need to the front where you can easily grab it.
- Use a step stool and grab claw. When living alone, don’t take the risk of climbing on your counters. With a step stool and a grab claw, everything will be within reach.
- Organize your cabinets. Only use your gravy boat once a year? There’s no need to have it front and center. Store it off to the side or in a cabinet with other less-frequently used items. Place the things you use daily right up front instead.
- Use floating storage. Attach magnets to small jars and attach them to your fridge. Fill with spices and snacks for beautiful and convenient storage.
Bathroom
It’s tempting to stuff your toiletries and extra bathroom supplies into hard-to-reach cabinets. But add a wet, slippery floor to the mix, and reaching for more toilet paper becomes a dangerous activity. With a little creativity, you can create more easily accessible storage space.- Hang tension rods in cabinets. For extra storage space, hang your spray bottles on tension rods set up inside cabinets. This will reduce the need to stuff your cabinets or shelves full of supplies.
- Place a shower caddy in the bathroom. A shower caddy hanging from your showerhead will keep all your toiletries in one place and leave the floor clear.
- Use back-of-door space. A hanging shoe organizer can be used for more than just shoes. They are perfect to store toiletries and cleaning supplies.
- Rearrange often-used items. Do you use it regularly? Place it front and center on your countertop. You should be able to reach the items you use all the time with ease. Items used less often should go in your medicine cabinet.
Garage or attic
Garages and attics are notorious for being the most disorganized rooms of the home. Getting supplies from the attic usually requires lifting and digging through heavy boxes. Reduce your risk of back strain with these reorganization tips.- Use clear bins with descriptive labels. With once glance you will be able to see what you need and where it is. No more digging through each and every box.
- Organize by season. You want to be able to access your winter decorations, but you only need to use them once a year. After the holidays are over, group everything together and place them behind other seasonal items that you will use first.
- Use toilet paper rolls. Need to store wrapping paper or unused power cords? Slide them in a toilet paper roll to keep them from tangling.
- File important documents. Rather than stacking documents in boxes, use a filing cabinet or folder to store your important documents. Be sure to neatly order and label each folder.
Organized and safe
An organized, ergonomic home reduces your risk of back strain, falls, and joint pain. Your home should be your sanctuary, not a danger to your health. You deserve to have everything you need within safe and convenient reach. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.You Live in a Hot Market … Should You Buy or Sell? By Joe Szabo, Scottsdale Real Estate Team
Determine just how hot your market is
Unless you actively seek out financial news, it may be difficult for many homeowners and potential buyers to know whether or not their market is at its peak. “When you’re in a frothy market, you’ll typically see double-digit increases in values from one year to the next,” says Bridget Burgess, a client adviser at Seattle-based Laird Norton Wealth Management. “Once you’re seeing that, people walk away with a sense of urgency.” Once buyers and sellers determine that their market is doing well, they often feel the need to act quickly. However, when it comes to real estate, it’s not always best to make a move just because a market is showing healthy signs.Consider the long term
Real estate, more than any other type of investment, is emotionally charged. Though some buyers may purchase real estate with emotional detachment, most of us are thinking about a place to call home. A red-hot real estate market can trick us into thinking that we need to only think about the bottom line. “A frothy market might distract you from where the real estate might fit in your overall picture,” explains Kristi Mathisen, managing director of tax planning at Laird Norton Wealth Management. “Instead of selling, there could be a possibility of moving a home to be a rental home or giving your home to your children. A frothy market encourages people to focus on one transaction. Don’t let the market drive you into a decision.” Just because there’s an opportunity to sell doesn’t necessarily mean that it’s the right move for you. When you are thinking about selling, be sure to analyze where you are in your life. Are your kids young, or have you been an empty nester for years? Are you close to retirement, and are you considering moving out of town? These are the types of questions to ask yourself before you make a move. When you’re a buyer, a peak market can be a little bit riskier. Ask yourself if you’re comfortable with being upside down on a home if the market potentially collapses. Determine whether it makes more sense financially to rent or buy. Online calculatorscan help you figure out the best option.What worked before doesn’t work today
The landscape of homeownership is completely different today than it was even a couple of decades ago. Wages have been stagnant for some time, and it’s not as easy to “grow into your mortgage” as it used to be. Low mortgage rates also make it difficult for a buyer to refinance in the future. “In the old days — when mortgage rates were five, seven, or nine percent — the usual advice was this: ‘Buy the biggest house you can finance. Try to get the worst house in the best neighborhood and fix it up,’” Mathisen says. “The idea was to stretch to buy now and refinance later to lower your payment. This advice is now questionable because mortgage rates are already at historically low levels (about 3.5 percent for 30 years; 2.8 percent for 15), so it’s unlikely refinancing can ever save a current buyer money.”Take your time
The important thing to remember is that it’s smart to take your time to think about real estate decisions. After all, home sales and purchases cannot be undone quickly or easily — if at all. It’s also crucial to make sure that your mortgage is not the only investment that you have, and to diversify, advises Burgess. When you take the time to carefully calculate the costs, benefits, and purpose of the property you want to sell or invest in, you’re much more likely to arrive at a decision that will be the best for you and your family. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.Should My Lender Try to “Cross-Sell” Me Other Banking Products? By Joe Szabo, Scottsdale Real Estate Team
What is cross-selling?
Cross-selling is when your financial services provider sells you a new product or service beyond the one you have or are asking about. This can happen when you’re an existing customer, like when your monthly mortgage statement includes a promotion for a new credit card. Or it can happen when you’re a new customer, like when you’re applying for a mortgage and you’re asked if you’d like to open a checking account from which to auto-debit the monthly mortgage payments.How cross-selling works
Cross-selling is a basic sales premise we encounter often in our daily lives. If your waiter offers a wine selection to go with your entree, that’s cross-selling. If your automated gas pump asks if you’d like a car wash, that’s cross-selling. And if your banker asks you if you’d like overdraft protection to go with your checking account, that’s also cross-selling. The difference with financial services is that the products are more complex, and the fine print associated with each offering can lead to unwanted fees and/or products. Overdraft protection is a great example. If a transaction will overdraw your checking account, overdraft protection enables the bank to draw funds from another account to cover the overage. Cue the bank representative: “Don’t have another checking account? Let’s open one for you right now!” In this scenario, you’d then be asked to sign or verbally consent to terms and conditions for the new account. Before doing so, you must press your banker to explain:- Low-balance thresholds and fees for both accounts
- Overdraft transfer fees
- Other possible fees
- Conditions that bundle other products with the one being offered
- Conditions that permit the bank to add other products without obtaining new consent from you
Mortgage-related cross-selling
The good news with mortgages is that strict laws prevent you from going forward with a loan application until you receive and sign very clear mortgage disclosures detailing the rate, loan terms, line-item fees, and cash needed to close. But you will still be subject to cross-selling in the mortgage process. Here are some facts about the most common mortgage cross-selling practices. These can help you determine whether mortgage cross-selling actually benefits you, and which questions to ask to make sure.- Lower mortgage rate with checking account. If you open a checking account from which the the monthly mortgage payment must be be auto-debited, many lenders will offer a lower mortgage rate. Opening a checking account to save interest cost over the life of a mortgage can be worth it, if the rate discount is good enough. Make sure you understand low-balance thresholds and fees on the checking account, and double check whether your mortgage rate can rise if you decide to cancel the checking account
- Lower mortgage rate for larger deposits. If you move money into new deposit or asset management accounts before you close your mortgage, many lenders will offer a lower mortgage rate — but how much lower depends on how much money you move to (or already have with) the bank. Your loan officer will tell you the rate discounts associated with different deposit levels. Ask if you can combine this discount with the checking discount noted above. Also, double check whether your mortgage rate can rise if your deposit/asset account balances ever go below the threshold that was required for the rate discount.
- Portion of credit card spending pays down mortgage. If you open a credit card, some lenders will credit a certain percentage (often around one percent) of annual spending toward paying down your mortgage. As with all credit card products, there is a lot of fine print, so if your loan officer offers this option to you, ask to review everything in writing before agreeing. If it’s a fit for you, it can be a nice incentive for credit card spending you’re already engaged in.
- Open a home equity line of credit (HELOC) with your mortgage. HELOCs are a convenient way to access your home’s equity. They’re a second mortgage, and you can put one in place with a zero balance, and use a credit card or check to spend the funds when needed. You only make payments if you establish a balance, and the rate can be variable or fixed. Ask your loan officer to document rate options, as well as fees to open and close a HELOC. Also, note that having a HELOC can make it more difficult to refinance your first mortgage down the road — but this depends on each person’s profile, so ask your loan officer to explain this to you.