4 Top Spring Tasks for Your Home

Spring will be here before you know it and every homeowner knows what that means. It’s time to “spring~erize” our home.  Yes, I made that up.  Michigan winters will do that to you!  Here you will find some useful information to check off your spring to-do list to make sure your home is up and running before the warmer weather arrives.

Fan It Out!

Summer is coming (well, kinda) so it’s time to change the direction your paddle ceiling fans rotate. During spring and summer, ceiling fans should rotate counterclockwise when looking up at the fan. This creates a downdraft that makes you feel cooler when it blows on your skin. To change the direction of your ceiling fan, turn the fan off, allow the blades to stop, then flip the switch on the fan housing. On many fans the “down” position on the switch indicates downward air flow. If your fan has a remote control with a direction setting, this job doesn’t even require a ladder.

No Chimney Guests Allowed

After the last fire of the season, don’t forget to close your fireplace damper to keep drafts, rain, animals, and insects out of your home. The damper is a metal flap inside your fireplace that covers the opening to the chimney. It will have a loop, lever, or chains for opening and closing. Close loop dampers by hand or by inserting a poker into the loop. To close lever dampers, lift up slightly on the lever, then push or pull to close. Chain dampers are closed by pulling on the longer chain to disengage the mechanism, then pulling the shorter chain to close the flap.

What Allergies?

Replace the air filter on your central heating and cooling system every one to three months so it will run more efficiently and keep the air in your home cleaner. It’s easy to change the air filter by removing the cover on the air return, sliding out the old filter, and replacing it with a new one with the arrows on the filter pointing in the direction of air flow. If you suffer from allergies, this is a great time to upgrade to a high-performance allergen air filter for your home.

Waterproof Advice

Over time even small plumbing leaks can add up to thousands of gallons of water wasted. After the last winter freeze, it’s a good idea to check your water meter for plumbing leaks. If the triangular shaped flow indicator on the water meter is turning when water isn’t running in the house, you’ve got a leak. Finding a plumbing leak can be difficult, but the main culprits to check are toilets, outdoor spigots, irrigation systems, and pipes on exterior walls that may have been damaged in a freeze.

What to Expect in the Housing Market in 2019

Homeowners and non-homeowners alike are always fascinated with what’s happening in the real estate market. I find myself discussing what’s going on in the market with complete strangers while in line at the grocery store. It’s amazing! With a low inventory of available homes to buy, 2018 threw first time home buyers in a tizzy with competing offers and missing out on homes even with an over-asking price offer. Is this now the new norm for buying a home or can we expect to see a more “balanced” market in 2019?

In their forecasts for 2019, the National Association of Realtors expects home sales to flatten and home prices to continue to increase, although at a slower pace than 2018. NAR expects the median home sale price to rise 3.1 percent to around $266,800 in 2019. Overall, home values are expected to see a 2.2% increase in value over 2018. So, what does this mean? While inventory on available homes for sale are likely to remain equal to that of 2018, we are not likely to see the double digit appreciation like years past. Home values are seemingly increasing at a normal appreciation rate which means buyers are less likely to overpay for a property they would like to purchase.

Mortgage rates are expected to see an increase in 2019 as well. Realtor.com has mortgage rates averaging 5.3 percent in early 2019 and should reach 5.5 percent by the end of 2019. With anticipated increases in mortgage rates, this will leave potential buyers wondering how this will affect their buying power. Take a look at the chart below.

Overall, the housing market is continuing strong coming into 2019. With projected increases in 2019, it may be advantage to the buyer to buy sooner in 2019 than later. Questions on this information? Contact me at AliciaFisher@bhhsmi.com.