How to avoid a money pit

Unless you’re in the business of flipping houses, you don’t want to buy a money pit! In this article, we will look at some of the major issues of  a house to consider before your purchase.

How to avoid a money pit

The worst thing in the world is to buy something, only to find that it will cost you much more money than you’ve already spent. In this article we are going to look at a few of the major cost issues of a house to be aware of before your purchase.

  • Age – Was it built before JFK was president? The older the home, the more the upkeep and maintenance costs. Remember, when you’re excited about those “antique” fixtures and charm, that just means they are old! The older it is, the closer to replacement.
  • Plumbing – Be mindful of the plumbing condition. Are the drain pipes cast iron, do you see signs of leaking, how old is the water heater? Did you know the life expectancy of a solder joint in a copper water line is at least 50 years with good water condition?
  • Heating and Cooling – Replacing a furnace or A/C unit will cost thousands of dollars! If you are old enough to buy a home and they are older than you, it’s time to replace them.
  • Electrical – Electrical code has changed a lot since the 1970s! If  you notice an old breaker box, or the house is full of two prong, ungrounded outlets, an update is needed.
  • Foundational – Cracks in the foundation can lead to structural issues and even water damage. This is a major cost, and one to consider when purchasing a home.

Buying a house is a huge decision! Make sure you are armed with enough information so you don’t get caught in a money pit!

OKC Realtors

OKC Realtors: The most vulnerable parts of your house Pt. 2

OKC Realtors has some more home weak points and how you can strengthen them

Last time OKC Realtors went over some security weak points in homes, this time we’ll go over a few more.

Windows: Windows are vulnerable because it’s easy to forget about them as a homeowner. Often times we leave them open during hotter months or during nice days to let some natural air in. Sometimes, we can forget to close them leaving an easy entrance for an opportunistic burglar.  In older homes, the glass can become weak and brittle with age making it easy for a burglar to smash through. Older windows can also have weaker locks that can be easily forced. In order to strengthen windows, maintain them with regular repairs and replace old windows as soon as possible. If you can’t replace old windows for whatever reason, install new window locks that can be seen from the outside. These locks will slow down and potentially even stop a would be burglar.

Side Yards: Side and back entrances are a favorite of burglars. Homes next to alleyways can be especially vulnerable as these features grant easy, hidden access to your home. There are a few ways you can help make these easy entrances a little less enticing. First of all, installing stronger locks on your back entrances will help deter burglars. Building a fence, if possible, is also another great way to limit access. Installing motion activated floodlights can also help deter would be criminals. A cheap way to deter burglars is to install some fake security cameras. Just having them there will deter some burglars, it doesn’t matter if they work or not.

Keeping your home safe is one of the biggest responsibilities as a homeowner, and now you’re a little better prepared to keep you and your family safe. If your in the home for a new home give Metro First Realty, OKC Realtors, a call today at 405-242-4004.

OKC Realtors

OKC Realtors: The most vulnerable parts of your house

OKC Realtors: What parts of your house are most vulnerable to break-ins

We all want to make sure our homes are as safe and secure from burglars as possible. But which parts of our home are most likely to be targeted by a burglar? OKC Realtors has some answers and some DIY tricks to help strengthen these weak points in your home.

The Front Door: It might seem paradoxical at first, a burglar trying to remain hidden busting into your home right through the front door. Sadly however, that’s how many choose to do it. Many homes have features that can help hide a burglar as they break into your home. recessed doorways, nearby trees, and potted plants can all hide a smart burglar just long enough to get into your home. The key here is to make your front door more visible. Lights are the best way to do this. Painting the door a bright color is another way to make it less appealing to burglars. “Beware Dog” signs and stickers can also deter some burglars not wishing to get chomped.

Specialty Doors: By specialty doors we mean things like sliding glass doors and French doors. These can be a beautiful addition to any home, but they are also particularly vulnerable to burglars. One of the many small glass panes on a French door can be busted open and the lock undone. Sliding doors might have tougher glass, but they can be undone with something as simple as a screwdriver. These doors can be strengthened in a couple of ways. When installing locks on French doors, make sure the locks are at least 36 inches away from the glass panes. For sliding doors, a simple, sturdy rod placed in the track can stop a burglar in their tracks.

These are just a couple of ways you can make your home burglar proof. If your in the market for a new home, give Metro First Realty, OKC Realtors, a call today at 405-242-4004.

 

Investing-OKC Realtors

OKC Realtors Provide Tips For Real Estate Investors

OKC Realtors: The Skinny On Clean Offers

When it comes to being OKC realtors, our team at Metro First really love to help our customers in any way we possibly can. When our team of OKC realtors has a customer simply wanting to invest, we’ll work to locate properties that are priced to sell quickly. In these cases, we will urge investors to move quickly and be prepared to submit an offer or risk losing the property to another investor.

Here are a few tips our OKC realtors will offer which may be helpful in getting the best deals:

1.) If possible purchase the house with a cash investment. This is attractive to sellers, because the buyer does not to worry about financing.

2.) Closing quickly is another way to make the offer strong; usually sellers want the property off of their hands as soon as possible.

3.) To show the seller you are a serious and committed buyer, it is recommended to put down more earnest money than customary. This sends a message that as the buyer you will not back out of the contract and risk forfeiting the earnest money.

4.) When submitting an attractive offer don’t ask for repairs, especially if the plan is to flip the property. Asking for repairs complicates the offer and can lengthen the closing time. If you know a costly repair needs to be done, you can consider that in the price offer.

In strictly investing situations, our OKC realtors believe it is important to set up clean offers. This means that the offer is one with few or no contingencies that could holdup or cause a sale to fail. With added contingencies a seller has a reason to say no. That’s just something to keep in mind as you begin looking to invest.

If your interested in knowing more or need the assistance of any of our OKC realtors, give Metro First Realty a call at 405-242-4004.