My Blog
Home Improvement
Posted By - Norm Lacey - 2 days ago 607 comments

Making Money on Home Improvements

Choosing the right projects can pay off
Making Money

Plan your remodeling wisely and you may actually make money when you sell your house.

Americans spend billions of dollars each year on home improvements but the real question is: What are the returns for those investments?
While exact figures are difficult to come by, many home improvement projects end up being costly investments that yield few returns, according to the Remodeling magazine’s annual Cost vs. Value Report.
Typically, people remodel for two reasons — either to increase the value of their home or to enhance their quality of living.
So before taking on a project, ask yourself, what are my reasons for doing this? While a Jacuzzi or a fireplace can pamper your soul, will they really yield a profit in the long run? If quality of living is the more important issue, then freedom of choice is fine.
But if investing for profit is the goal, then discretion is in order. Ideally there should be a balance between the two. After all, who is going to have to live with the results?
Although it’s hard to put a price on having a great back yard to host the best barbeques on the block or a kitchen with its own little island getaway, when it comes to adding value to your home, pick the wrong project and you may come up short.
Several factors dictate the amount of profits made on home improvements, but the real key is neighborhood levels. That is why a major kitchen overhaul in one area may offer huge returns, while the same makeover in another location may offer very little, if anything at all.




If profit is the goal, then consider these three guidelines:
Keep up with the Joneses - but don't out do them
As tempting as it may be, one-upping the neighbors can be a big mistake. This investment strategy calls for choosing projects that make the value of a house comparable to the others in the neighborhood. What are houses like in your area? Do most of them have one or two bathrooms? Two or three bedrooms? This will make a huge difference in the monetary rewards you reap.
For example, if the majority of houses consist of three bedrooms, two-and-a-half baths and you have a two bedroom, one bath, adding an additional bedroom and bathroom — perhaps even making it a master suite — would mostly likely increase your home’s value.
But the reverse is also true. If your neighborhood houses average two bedrooms, one bath, then adding a bathroom and bedroom could cost you — you may never recoup your money. Be sure to do the homework and allow these critical comparisons to guide your decisions.
Less is more
Choosing between major and minor home improvements can also make a big difference on the return of investment. More often than not, remodels that keep you in the neighborhood averages will end up yielding significantly higher profits than monster makeovers. Basic remodels such as kitchen and bathroom renovations and a coat of fresh paint — inside and out — usually offer nice returns. Again, if “for profit” is the main objective, modesty is the best policy.
Length of stay
Generally speaking, remodeling to maximize returns is a good idea for those who intend to remain in the home only a short time, while more “personalized projects” often fare better with lengthier stays. If relocation is in the near future, then investing to compete with neighborhood values is critically important in order to get that money back.
Finally, before committing to any renovations, it’s imperative to develop a good understanding of your financial picture, both now and future. Be sure to allow for enough to cover additional obligations such as retirement, college funds, credit card debt, and an emergency savings.
Finally, remember the most important thing to consider when remodeling is not to put yourself in financial danger by overextending your limits. The goal is to make a worthwhile investment in your home, not lose your house.
 
Improvements that pay
Kitchens and bathrooms still count
These rooms are consistently rated the best places to spend your remodeling dollars.
Don't neglect the rest of the house Money spent on a beautiful kitchen is wasted when other rooms have cracked drywall and 1970s shag carpeting. Make sure the entire home is updated to an acceptable level.
A topical solution One of the cheapest and easiest ways to add value is through a fresh coat of paint, breathing new life into a room for just a little money and some elbow grease.
Does this kitchen go with these bedrooms? If you're considering a major project, a design-build remodeling firm or architect should be consulted so the look and feel blends seamlessly into the rest of the home. Poorly matched additions can even decrease value.
Square peg, round hole Avoid too much customization of space so potential buyers can envision the home suiting their needs. A well-designed fourth bedroom to you could be an office, workout room or home theater for someone else.
No curbing the appeal The exterior is your home's first impression, so be certain that siding, paint, landscaping and any other outside areas look acceptable.
Source: Remodelers Council



Ocean Garden
Posted By - Norm Lacey - 2 days ago 508 comments

 

 

 

 


NOW OPEN! 
Located on the corner of Hwy 101 & 22nd St.
Great Chinese Cuisine!


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Lender Checklist
Posted By - Norm Lacey - 2 days ago 540 comments
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Norm Lacey/Principal Broker
Pacific West Realty Inc.
Reedsport Or. 97467
norm@normlacey.com 

 

Lender Checklist: What You Need for a Mortgage

 

1         W-2 forms - or business tax return forms if you're self-employed - for the last two or three   years for every person signing the loan.

 

2         Copies of at least one pay stub for each person signing the loan.

 

3         Account numbers of all your credit cards and the amounts for any outstanding balances.

 

4         Copies of two to four months of bank or credit union statements for both checking and savings accounts.

 

5         Lender, loan number, and amount owed on other installment loans, such as student loans  and car loans.

6         Addresses where you've lived for the last five to seven years, with names of landlords if appropriate.

 

7         Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.

 

8         Copies of your most recent 401(k) or other retirement account statement.

 

9         Documentation to verify additional income, such as child support or a pension.

 

10       Copies of personal tax forms for the last two to three years.

 




Coffee On The Go
Posted By - Norm Lacey - 2 days ago










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A Thousand Cups Espresso!
Located in the Umpqua Shopping Center...
Get your punch card now and save. 






Umpqua Post
Posted By - Norm Lacey - 2 days ago
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Umpqua Post Link for news in Reedsport
http://www.theumpquapost.com/



5 ways to fight a low appraisal
Posted By - Norm Lacey - 2 days ago 11 comments
http://rismedia.com/2011-09-07/five-ways-to-fight-a-low-appraisal/


2011 Oregon Divisional Chainsaw Championships
Posted By - Norm Lacey - 2 days ago 246 comments

2011 Oregon Divisional Chainsaw Championships held in Reedsport Oregon. Designated as Oregon's Chainsaw Capital. A spectacular event held every year in June (Fathers Day Weekend)
For more information, contact the Reedsport/Winchester Bay Chamber of Commerce. 
(541) 271-3495
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Norm's Marketing Strategy
Posted By - Norm Lacey - 2 days ago 579 comments

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Norm Lacey/Principal Broker
Pacific West Realty Inc.
Reedsport Or 97467
541-999-8994

Click the link below to see my marketing tactics!




House Logic
Posted By - Norm Lacey - 2 days ago 586 comments
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Nedd help understanding your tax bill? Click on the link below

RealEstateAssessments.pdf



Shop for your dream home now!
Posted By - Norm Lacey - 2 days ago 553 comments

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Norm Lacey/Principal Broker
Pacific West Realty Inc.
Reedsport Or. 97467
541-999-8994



Now is really the time to purchase the home of your dreams! Here's just a few very good reasons.

1) Great selection. There are a good number of homes on the market at great prices.

2) Interest rates are near all-time lows. A good time to lock in.

3) Build equity for your future. Prices are low and the ooportunity to acquire a property that will increase in value is very good. (If you are a renter, this is something to really think about.)

Don't delay! Invest in yourself and family now by calling 541-999-8994. I will be happy to discuss your Real Estate opportunities and help guide you on a new path.  




Uncertified Wood Stove Removal Requirements
Posted By - Norm Lacey - 2 days ago 11 comments

Oregon's Heat Smart Program - Required Removal of an Uncertified Woodstove Upon Home Sale   

The 2009 Oregon Legislature signed Senate Bill 102 into law requiring the removal of any uncertified woodstove from a home when it is sold. This bill is part of a program to help protect Oregonians from uncontrolled wood smoke. Residential wood burning is a significant source of air pollution, including fine particulate and air toxics.

Beginning August 1, 2010, if you are selling a home with an uncertified woodstove, you will be required to remove this device from the home.

Residents of Deschutes County, Jackson County, Klamath County, the town of Lakeview, and the cities of Bend and Medford currently have regulations that require homeowners to remove a non-certified solid fuel heating device when a home is sold. If you are a resident of these areas, please check with your local agency to determine what requirements apply to you.

Oregon Department of Environmental Quality

Frequently Asked Questions about the Heat Smart Program

Below are some frequently asked questions about the Heat Smart Program.

What is Required?

As of August 1, 2010, Oregon law requires you to remove an uncertified woodstove or fireplace insert if you are selling your home.

For Home Sellers

What is the Heat Smart Program?

The 2009 Oregon Legislature passed a law requiring the removal of any uncertified woodstove from a home when it is sold. This law helps protect people from unnecessary woodsmoke pollution.

Why are uncertified stoves a concern?

Uncertified woodstoves burn about 70 percent dirtier than certified woodstoves. They also burn far less efficiently and require more fuel than newer, certified stoves. These older, polluting stoves can remain in service for dozens of years. Removing them from service would help Oregon's efforts to restore and preserve healthy air and save homeowners money.

What are the health concerns with woodstove smoke?

Wintertime residential wood burning is a significant source of air pollution, including fine particulates and air toxics. At times, heavy smoke from residential wood burning in a community can exceed federal air quality health standards for particulate matter. Particulate matter in woodstove smoke can be easily inhaled and reach the deepest part of our lungs; it is known to cause or contribute to respiratory disease, asthma attacks, heart problems, and premature death. Wood smoke also contains toxic organic compounds known to cause cancer.

What do I need to do if I have a woodstove or fireplace insert?

First, you should check whether or not the woodstove or fireplace insert is certified. If the stove or insert is uncertified, it must be removed before the house is sold. If the stove or insert is certified there is no need to remove the stove.

How do I determine if my woodstove or fireplace insert is certified?

You can tell if your device is certified by looking on the back for a certification sticker from Oregon DEQ or the U.S. Environmental Protection Agency (EPA). This label indicates it is certified to comply with particulate emission standards. A safety label (from U.L. or other safety listing agency) is not the same as DEQ or EPA certification. You can also check EPA's list of

certified woodstoves to see if your wood heating device is listed.

6/11/2010

For Home Buyers

See label examples

My stove does not have a label, can I get it certified?

No. Certification is only completed by stove manufacturers when introducing a new model line.

To meet certification requirements, stoves must have pollution control systems built into the device.

What if I can't access the back of my stove? What do I do if the label has worn off?

You can look up the model number of your stove on EPA's certified woodstove list. You can also try to call the manufacturer of the stove to determine if it was certified.

How do I remove and destroy my uncertified stove?

You can remove it yourself or contact your local woodstove retailer or chimney sweep who may be able to remove and destroy the stove for you. If you choose to remove your uncertified device take it to your local metal scrap recycler or landfill to make sure it is properly disposed and destroyed. Just be sure that you get a receipt from the contractor or business that takes your stove. Your receipt is proof of the stove's destruction and part of your notification to DEQ.

How do I notify the DEQ that I have removed and destroyed my stove?

Beginning August 1, 2010 you can submit a disclosure form to DEQ online. The form will be posted here August 1, 2010. You will also have the option to mail the form in paper form to DEQ

- Heat Smart Program, 811 SW Sixth Ave, Portland, OR 97204.

Do I also have to remove an uncertified stove from my garage or shop?

Yes. You must remove any uncertified woodstove or fireplace insert from all buildings on the property that is being sold.

Can I sell my uncertified woodstove?

No. It is against the law to sell, offer to sell, or advertise any uncertified woodstove or fireplace insert.

What do I do if the home buyer wants to remove the stove?

It's up to you and the buyer to decide who will remove and destroy the stove. Once you decide, that information is part of the notice that can be submitted to DEQ.

What should I know about buying a home with an uncertified wood heating device?

??If the homeowner/seller has an uncertified woodstove device in any building on the residential property being sold, he or she must remove and destroy it before the close of sale.

?? The seller must also give you, the buyer, the seller's disclosure form indicating whether there is a wood burning device on the property.

?? It is the seller's responsibility to remove the uncertified wood burning device unless you and the seller agree that you, the buyer, will be responsible for removing the stove. If so, you must remove and destroy the uncertified wood burning device within 30 days after the closing date of sale.

?? The buyer should also: Get a receipt indicating you have destroyed the stove.
Submit the notification form to DEQ

6/11/2010

Other Questions

When does the requirement to remove an uncertified woodstove or fireplace insert go into effect?

August 1, 2010.

What if I want to install a new woodstove or fireplace insert? What do I need to do?

You must obtain a permit from your local building codes department. Oregon building codes

require a permit and inspection for any woodstove installation. Call your local city or county building department for details.

What wood heating devices are not required to be removed upon home sale?

These devices are not required to be removed when a home is sold:

?? Pellet stoves - Similar in appearance to wood stoves; however, instead of wood, pellet stoves burn a renewable fuel made of ground, dried wood and other biomass wastes compressed into pellets. Unlike wood stoves and fireplaces, most pellet stoves need electricity to operate.

?? Central, wood fired furnaces - Indoor, ducted, thermostatically controlled devices  with a dedicated cold air inlet and hot air outlet that connect to the heating ductwork for the entire house.

?? Antique stoves - Woodstoves built before 1940 that have an ornate construction and a current market value substantially higher than a common woodstove manufactured during the same period.

?? Masonry fireplaces - There are two major types of wood-burning fireplaces, traditional masonry fireplaces that are typically built of brick or stone and are constructed on site by a mason; and "low mass" fireplaces that are engineered and pre-fabricated in a manufacturing facility prior to installation. Most fireplaces, whether masonry or low mass, are not used as a primary source of heat; their function is primarily for ambiance and secondary heating.

?? Masonry heaters - Site-built or site-assembled solid-fueled heating device, consisting of a firebox, a large masonry mass, and a maze of heat exchange channels. It stores heat from rapidly-burning fires within its masonry structure, and slowly releases the heat into the home throughout the day.

What if I live in an area that currently requires removal of an uncertified woodstove?

The statewide DEQ program will supersede any local stove removal requirements currently in effect.




Enjoy A Great Lunch Or Dinner
Posted By - Norm Lacey - 2 days ago 14 comments
"Best Seafood on the Bay"
Enjoy great FISH 'N' Chips on T Dock
Winchester Bay Or. 97467
(541-271-4955)


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September Sunset
Posted By - Norm Lacey - 2 days ago

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http://www.youtube.com/watch?v=x0-8lJxudYI



2010 Dune Fest
Posted By - Norm Lacey - 2 days ago 255 comments
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Reedsport and Winchester Bay Oregon Dune Fest
Posted By - Norm Lacey - 08/16/2010

DuneFest 2010, home of the best dunes drag racing and events anywhere. The Reedsport/Winchester Bay Oregon Chamber of Commerce is proud to present this five-day event full of fun and exciting activities. Located on the central Oregon Coast, DuneFest is the premiere ATV sand event in the country.



http://www.youtube.com/watch?v=6Rt3C-73T5k

http://www.youtube.com/watch?v=ZWq-mmvGjSU



Dean's Creek Elk video July 11th, 2010
Posted By - Norm Lacey - 2 days ago 27 comments
http://www.youtube.com/watch?v=AJUEKc5HxRs


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Dean's Creek Elk Viewing Area 07-11-2010
Posted By - Norm Lacey - 2 days ago 19 comments
Deans Creek Elk just 4 miles east of Reedsport Oregon on Hwy 38
Taken July 11th, 2010

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Winchester Bay Or. Umpqua River Bar storm watch
Posted By - Norm Lacey - 2 days ago 11 comments
http://www.youtube.com/watch?v=tzkgW2KW5Cg





e-Pro Certification
Posted By - Norm Lacey - 2 days ago 12 comments

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Norm Lacey/Principle Broker
Pacific West Realty Inc.
1780 Winchester Av., Reedsport Or 97467
541-999-8994
norm@normlacey.com
www.normlacey.com


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Signs Unlimited
Posted By - Norm Lacey - 2 days ago 10 comments
SIGNS & SHIRTS UNLIMITED
Graphics, Silk Screening, Signs, Embroidery, Banners, Stickers, Heat transfers, Magnetic Signs & Much More...See Bobby Del Re for all your signage needs!
1311 Highway 101 Sth
Reedsport Or., 97467
Phone: 541-271-0929
Fax: 541-271-1670
Email: signsunlimited440@yahoo.com
Web: www.companycasuals.com/signsunlimited

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Referrals
Posted By - Norm Lacey - 2 days ago 255 comments

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Norm Lacey/Principle Broker
Pacific West Realty Inc.
Reedsport Or. 97467

Cell: 541-999-8994 
Email:
norm@normlacey.com
Web: www.normlacey.com

My clients satisfaction is my measurement for success!

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