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Nanda de Laurentys

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Maintain Your Home to Save $

by Nanda de Laurentys

 As a homeowner, you want to be sure to have your home inspected for termites on a bi-yearly basis, unless you have a termite bond.  As we've said before, down here in Georgia, it's not a matter of if you have termites, it's a matter of when.  Having your homes inspected for termites regularly will keep you from having a bad surprise when selling your home and possibly finding active termites or damage from previous termite infestations.

Another important item that needs to be inspected regularly is your HVAC system.  We have had cases where our seller didn't have their HVAC system regularly inspected and when they had a buyer get an inspection done, the HVAC had a leak that had been leaking for years and instead of being able to repair it, they had to replace it because of how extensive the damage was.

Make sure to replace batteries in your smoke alarms and test them periodically.  If they quit working, be sure to replace them.

Should I Buy a Home Now?

by Nanda de Laurentys

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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Nanda de Laurentys
Blanchard & Calhoun Real Estate Co.
1202 Town Park Lane, Suite 201
Evans GA 30809-3476
(706) 399-2025
Fax: (706) 868-1011