May 2014 Scottsdale Arizona real estate market update
April 2014 Scottsdale Arizona real estate market update
February 2014 Scottsdale Arizona real estate market update
January 2014 Scottsdale Arizona real estate market update
Pros & Cons of Baseboard Heating Systems By Joe Szabo, Scottsdale Real Estate Team
Baseboard heat vs. forced air
Baseboard heat offers several advantages over the average forced-air system. For one thing, baseboards operate almost silently, in contrast to the noisy blowers of forced-air heating. Another advantage of baseboard heat is that it requires no ductwork. That means two things: One, it’s relatively easy to install, particularly in older homes, where adding ducts can be so problematic. Two, whereas forced-air heating ducts should be serviced regularly, there’s little ongoing maintenance to do with baseboard heat. Last but not least is a matter of preference: Many homeowners like how baseboard heat comes out evenly, not in intermittent blasts.Electric
Technically speaking, electricity plays a role in all baseboard heating systems, but there are some that run exclusively on electricity. You can put these in every room of the house if you want, but it’s far more customary for an electric baseboard to provide supplemental heat for individual rooms on an as-needed basis. One common usage is turning on baseboard heat in a bedroom overnight, while the whole-house heating system is put on a budget-friendly low setting. Did you ever wonder why baseboard units typically appear beneath windows? In a word, the answer is: science. Baseboard heat works through convection. As cold air falls from the window, it enters the baseboard unit through a vent. Within the baseboard, the air is warmed by a series of metal fins that have been heated through electricity. The warm air then rises from the baseboard, and the pattern repeats itself, creating a circular flow known as a convection current. Plug-in portable baseboard heaters exist, but the best baseboards are hardwired into the circuity of a home (with 120-volt or 240-volt supplies, either of which calls for the installation services of an electrician). Some electric baseboard heating units feature an integrated thermostat; others are set by an in-wall controller. Though inexpensive to purchase, electric baseboards are somewhat infamously inefficient, meaning they can be costly to run for any prolonged period of time. It’s for this reason more than any other that homeowners typically choose not to rely on electric baseboard heating units as full-time solutions for the whole house.Hydronic
In a hydronic baseboard unit, the mechanics are similar but slightly different. Electricity still generates the system’s heat, but it does so indirectly. First, the electrical current warms up an enclosed fluid, either oil or water, and then that fluid radiates heat into the room where the unit has been installed. Hydronic baseboard heating systems operate more efficiently than do electric units, because once the fluid has been warmed, it takes longer to cool down (the metal fins in an electrical baseboard, by comparison, cool down very quickly). That’s why if you come across a home in which baseboard heat is the one and only system of delivering heat, chances are high that it’s a cheaper-to-run hydronic system. What are the cons? In a whole-house hydronic system reliant on water circulated from the water heater, the lines can be disturbed by an intrusion of air. Fortunately, there’s an easy fix: bleeding the pipes. Another drawback is that compared with electric baseboards, hydronic units take longer to heat up. For many homeowners, however, the efficiency of hydronic baseboards amply makes up for their slow start. The bottom line is if you only need to heat your house for a fraction of the calendar year, or if on occasion you want to make one or two rooms more comfortable, electric or hydronic baseboard heat may be the solution you’ve been seeking. 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.Mortgage Rates Steady Near 3-Month Highs By Joe Szabo, Scottsdale Real Estate Team
- 30YR FIXED – 4.625%
- FHA/VA – 4.25%
- 15 YEAR FIXED – 3.5%
- 5 YEAR ARMS – 3.0-3.50% depending on the lender
- The prospect of the Fed reducing its asset purchases weighed heavy on interest rates for the 2nd half of 2013, causing volatility and generally pervasive upward movement.
- Tapering ultimately happened on December 18th, 2013. Markets had done so much to come to terms with it ahead of time that it essentially just confirmed the the 6 month move higher in rates, but didn’t make for another immediate spike higher.
- That said, we should assume that we’re still in a rising rate environment on average.
- NOTE: Lenders will be adjust rate sheets at various times in December and January to account for the most recent hike in Guarantee Fees. This will unequivocally raise rates by at least an eighth of a percent for almost every borrower, and in most cases .25-.375%. Depending on the lender, those changes will take place overnight and have already begun.
- (As always, please keep in mind that our Best-Execution rate always pertains to a completely ideal scenario. There are many reasons a quoted rate may differ from our average rates, and in those cases, assuming you’re following along on a day to day basis, simply use the Best-Ex levels we quote as a baseline to track potential movement in your quoted rate).
November and December 2013 Scottsdale Arizona real estate market update
Merry Christmas! from Joe Szabo and the Scottsdale Real Estate Team
Merry Christmas from all of us at Scottsdale Real Estate.
We hope your holidays are unforgettable!