Date Archives: April 4th, 2019

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April
4

6 Ways to Spot the Next Hot Neighborhood

Do you dream of living in one of the area's hottest neighborhoods, but find that all the homes are out of your price range? If you want to live in a trendy area, but also want to get the most out of your real-estate-dollar, the trick is to buy an inexpensive home in a neighborhood that's destined to be the next new hotspot.


Cities and urban areas across the country are going through a revitalization, also known as gentrification. Formerly run-down, lower-income regions are experiencing an influx of affluent residents, causing the neighborhoods to become desirable and home prices to rise. This trend is growing year-over-year as buyers have been placing more value on locations close to city centers and near their places of employment. 


Up-and-coming neighborhoods tend to start as neglected and run-down areas that might have high crime rates. Purchasing a home in these areas can be risky, so you'll want to do your homework first. 


How can you tell a neighborhood is getting ready to pop? Start with these six pro tips.

  1. Start with the Current Hotspots
    If you take a close look at some of the hottest local areas, you'll likely find neighborhoods just on the outskirts that need some love and attention. Purchasing a home in these neighborhoods will guarantee you're close to the amenities you want, and it's likely just a matter of time before your new neighborhood catches on.
  1. Keep an Eye Out for Construction
    An increase in construction is a good sign that a neighborhood is up-and-coming, but by the time you see the equipment, it's often too late. Instead, pay attention to the news to see what projects are in the works and attend city council meetings. If the city or large private investors are willing to put money into a neighborhood, it's a good sign that you might want to invest there too. 
  1. Listen to the Press
    If the news outlets begin reporting on revitalization in an area or referring to it as up-and-coming, home prices often start to climb. If you hear these reports and are ready to jump on a purchase right away, you might be able to get in before prices skyrocket.
  1. Follow the "Cool" People
    Historically, areas, where artists and musicians choose to live, have become some of the hottest neighborhoods in the country (think SoHo in NYC). This is because they typically search out less-desirable areas looking for cheap rent, then significantly improve it by bringing their creative energy.

    Also, look for areas where younger people are flocking. It's almost guaranteed that trendy bars, restaurants, and other cool amenities will follow. 
  1. Consider a Historic Area
    Areas designated as "historic" are prime for revitalization. Not only is the city or local government likely to invest in improvements, but many also offer significant tax breaks for buyers willing to spend in the area. If you're ready to put the time and effort into a restoration, you can turn a diamond-in-the-rough into a gorgeous dream home. 

  2. Talk to Your REALTOR®
    A good REALTOR® will have his or her finger on the pulse of the local area and know which neighborhoods are destined to be the next hotspots. Together, you can also examine real estate trends like days on the market (DOM). A decrease in DOM quarter-over-quarter is an excellent indicator of a neighborhood's popularity. 
April
4

7 Tips for Using Rainwater Around Your Home

Rainwater is pure gold that falls from the sky. Harvesting this clean and clear resource can trim your utility bills and minimize your environmental impact while reducing strain on regional water treatment facilities. When properly designed and installed, a rainwater collection system is an investment whose dividends benefit the entire community. The following are seven tips that will help you squeeze every last drop of value from your rainwater collection strategy.

  1. Determine Consumption & Availability
    Rainfall is variable, and the amount of rain that falls in your area may not be sufficient to meet your needs. You must calculate the water consumed by your lifestyle and landscaping needs. For example, water consumed by dishwashers, toilets, showers, sprinklers, etc. Next, you will want to determine whether regional rainfall is sufficient to meet these needs. As a general rule, you can expect annual rainfall to meet about 50% of your water needs. 
  2. Consider Your Roofing
    Shingled roofs can leach toxins into rainwater making it unsuitable for drinking. If you want to use your water for cooking, etc., consider replacing your roof with terra-cotta, slate, wood shingles, or concrete.
  3. Choose Barrels Carefully
    Choose barrels that are sufficient in size and construction to meet your collection needs and any freeze/thaw cycles inherent to your climate. Barrels should be opaque to minimize algae growth and comprised of materials (either wood, metal, or ideally, plastic) that won't leach toxins into the water. 
  4. Regularly Clean and Cover Your Barrels
    Position your barrels so that you can access and clean them every six months. Once every two years, your tank should be thoroughly de-sludged. This helps to inhibit the growth of bacteria and ensures your water remains fresh.  

    It is also advisable to conduct monthly tank inspections to ensure that filter screens, covers, and locks are functioning properly and preventing access to the tank by children, insects, pets, and other wildlife. If any damaged seals or locking mechanisms are discovered you will want to replace these without delay. Keeping your system closed off is essential for keeping the water clean and free of biological pathogens and insect infestations.  
  5. Shield and Clean Your Gutters
    Installing gutter shields and regularly cleaning the gutters on your home will help limit sludge buildup within your rainwater collection tanks. If you want to use your rainwater for human or animal consumption, you may also want to replace any soldered seams with rivets as soldered seams can leach lead into the water supply.
  6. Be Careful When Installing the Spigot
    Screw your spigot down so that it is hand tight. This helps prevent stripping of the threads and damage to the plastic, wood, or metal of the rainwater collection barrel. If you screw the spigot down too tight, the damage you create can cause leaks that negate your efforts. 
  7. Stay in the Grey
    Safely using rainwater for drinking requires significant investment and training. For this reason, most homeowners opt to use the rainwater they collect for showers, dishwashing, clothes washing, and irrigation. Using your water for these purposes will significantly reduce your water consumption without putting the health of your family at risk. 

Rainwater collection systems are worth their weight in gold. Using this free, 100% natural resource helps reduce your utility bills and minimizes your impact on the regional water supply. Collecting rainwater is an eco-friendly solution that is guaranteed to help beautify your landscape while adding a little extra padding to your monthly budget. A small investment of time and resources is all it takes for you to reap these rewards season after season.  

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