When people think of green homes, they usually think of things like solar panels and smart thermostats that adjust themselves automatically. However, a home doesn’t need the latest smart technology to be more environmentally friendly—in fact, even choosing flooring options made with renewable resources can help make a home just that much more green. Here are some different eco-friendly flooring options homeowners can consider for their own green homes, whether they install it themselves or hire a professional.
A highly versatile wood, Bamboo can be seen everywhere from tableware to decorations for the garden and beyond. However, it’s also an alternative to hardwood floors because of its durability and ease of installation. Unlike trees which take 20 years to reach maturity before they can be cut down, it takes bamboo just three to five years to reach maturity.
Bamboo floors cost around $5-7 per square foot.
Reclaimed Hardwood Flooring
For homeowners who love the look of hardwood floors but are concerned about deforestation, reclaimed hardwood can be a great alternative. Reclaimed wood can come from any number of sources such as old barns and decks that were taken down, and reusing this wood keeps other trees from being cut down.
When it comes to renovating or improving a home, owners are supposed to complete all work within the letter of the law. This means they may need official permits granted by the city in order to add on a new bathroom, break ground on a pool, or install a skylight in the ceiling. Because different neighborhoods have different rulings and homes can frequently change hands, it's not uncommon for homes to have unpermitted work. Learn more about what constitutes unpermitted work, how it affects the buyer's decision, and what sellers can do about it.
The Nature of Permits
No matter how skilled a contractor a homeowner might be, a local official has no way of verifying just how safe their work is. Permits are designed to ensure the stability of the home isn't compromised during a renovation or repair, and the specific rules about which jobs need them and which jobs don't are determined at the local level. In certain cases, owners may be required to hire professionals, regardless of their own expertise when it comes to the work.
The Nature of Homes
Homeowners, in Cherry Grove or elsewhere, may choose to complete renovations without a permit for any number of reason. They may be trying to skirt property taxes or just save money on hiring contractors. Some owners don't know that they need to get permits, and some...
Whether you are buying a home or you are selling one, one of the things that you need to understand are contingencies. When it comes to buying or selling a piece of real estate, a contingency is a condition that needs to be met before a contract can be considered to be valid or final. A contingency needs to be agreed upon and signed off on by both parties when entering into the real estate contract. As a result, these should not be surprises. However, if you are not familiar with contingencies, finding out what some of the more common ones can help you better prepare for any during your home buying or selling adventure. These are just a few of the more common ones today.
Contingent on the Sale of Another Home
This is a very common contingency for home buyers to make if they are trying to sell their home at the same time, whether it's in an area like Carolina Forest or elsewhere. This is something that is done because they do not want to be left with two mortgages at the same time so they add a contingency to the contract that states that the purchase of their new home will not be considered final until the sale of their current home goes through closing.
This is usually a contingency that is in place to help protect...
It can take considerable time to save enough money to put down 20 percent in order to buy a new home. This leaves buyers looking at mortgage products that may require private mortgage insurance or PMI. Many buyers continue toward homeownership without having a substantial down payment.
It is possible to get into a home but buyers will be paying a lender more money until sufficient equity exists using a conventional mortgage loan. Conventional home loans are often approved for such borrowers with the requirement of a PMI. Borrowers have little choice in rates and lenders when it comes to PMI. Understand more about PMI and a convention home loan today.
Is PMI Necessary?
When a home buyer needs to make a down payment of less than 20 percent, they may be required to pay private mortgage insurance or PMI. PMI is often required when there is less than 20 percent of home equity in a home and an owner needs to refinance a mortgage. Unfortunately for buyers, PMI payments do not help build equity.
Fees vary on PMI. Interest rates on PMI can depend on a borrower's credit score. Tax deductions related to PMI and PMI premium have been known to change. Premiums may be a significant factor in determining interest rates on this loan. Homeowners will make monthly payments but not for the extent of the life of a home mortgage....