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April Showers and Leaks: The Most Common Springtime Plumbing Issues

April 2, 2021 By Claire Garlick Leave a Comment

Spring brings warm weather, sunshine and an abundance of flowers, but it also brings about a few unique plumbing problems. While spring showers help your flowers and other plants to grow, rain can also cause plumbing issues. As the weather warms up, be on the lookout for these four springtime plumbing problems. Catching them early can save you a lot of headaches!

Leaky Plumbing

Cold winter temperatures can cause pipes to contract or freeze, which can cause tiny cracks. As the weather warms up, pipes begin to expand, causing any tiny cracks to also expand. Old pipes and outdoor plumbing are vulnerable to developing such cracks.

If you notice dripping pipes, standing water, a musty odor or a mysterious increase on your water bill, you could have leaky plumbing. Any leaking pipes must be fixed right away to prevent water damage and mold growth.

Low Water Pressure

Poor water pressure can be caused by a plumbing leak somewhere in your home. These can be hard to find, so you may need to contact a plumber to find them and fix them. It could be somewhere inside, or it could be leaking from the outside pipes that lead into the house.

Spring rainstorms can also cause low water pressure. Because rainwater is heavy and drenches the soil, that weight can put stress on your underground pipes, causing leaks which can lead to low water pressure inside your home.

Slow Draining Sinks and Backed Up Pipes

Just as spring rains can put pressure on your incoming outdoor pipes, the same is true for the pipes leading out towards the sewer. If heavy, rain-soaked soil puts too much pressure on an old or weak sewer pipe, it can result in backed-up sinks and toilets, as well as sewer water flooding your yard. The warmer weather also spurs plant growth, and tree roots can grow through a small crack in a drain line, causing a blockage. In either case, backed up pipes are a serious problem that need immediate attention from your local plumber.

Sump Pump Failure

Basement sump pumps typically don’t run during the winter, because it’s frozen outside in much of the country. However, once the weather warms up and spring rains flood your basement, you’ll need a working sump pump to clear water from this area. Early in the spring, have your sump pump checked to make sure it’s working properly. That way, you can easily avoid a flooded basement.

Spring is just around the corner and now is the time to make sure your plumbing survived the winter and will give you consistent support through the warmer months to come!

 

Article source: http://blog.rismedia.com/2021/april-showers-plumbing-issues/.

Filed Under: Home Maintenance Tagged With: Colorado Real Estate, Colorado Springs, DIY, Home Improvement, Home Maintenance, Monument Realtor, owning a home

3 Ways Home Equity Can Have a Major Impact on Your Life

March 12, 2021 By Claire Garlick Leave a Comment

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and clear, meaning they don’t have a mortgage at all.

How can equity help a household?

Having equity in your home can dramatically impact your life. Equity is like a savings account you can tap into when you need cash. Like any other savings, you should be sensible in how you use it, though. Here are three good reasons to consider using your equity.

1. You’re experiencing financial hardship (job loss, medical expenses, etc.)

Equity gives you options during difficult financial times. With equity, you could refinance your house to get cash which may ease the burden. It also puts you in a better position to talk to the bank about restructuring your home loan until you can get back on your feet.

Today, there are 2.7 million Americans who are currently in a forbearance program because of the pandemic. Ninety percent of those in the program have at least 10% equity. That puts them in a better position to get a loan modification instead of facing foreclosure because many banks will see the equity as a form of collateral in a new deal. If you’re in this position, even if you can’t get a modification, the equity allows you the option to sell your house and walk away with your equity instead of losing the house and your investment in it.

2. You need money to start a new business

We’ve all heard the stories about how many great American companies started in the founder’s garage (i.e., Disney, Hewlett Packard, Apple, Yankee Candle, Keeping Current Matters). What we might not realize, however, is the garage (along with the rest of the home) supplied the start-up money for many of these companies in the form of a refinance.

If you’re passionate about an idea you have for a new product or service, the equity in your home may enable you to make that dream a reality.

3. You want to invest in a loved one’s future

It’s been a long-standing tradition in this country for many households to help pay college expenses for their children. Some have tapped into the equity in their homes to do that.

Additionally, George Ratiu, Senior Economist for realtor.com, notes:

52% of Americans who bought their first home in 2020 said they got help with their down payment from friends or family. The number one lender? Their parents.

It’s safe to assume a percentage of that down payment money likely came from home equity.

Bottom Line

Savings in any form is a good thing. The forced savings you can earn from making a mortgage payment enables you to build wealth through home equity. That equity can come in handy in both good and more challenging times.

 

Article source: https://www.keepingcurrentmatters.com/2021/02/17/3-ways-home-equity-can-have-a-major-impact-on-your-life/.

Filed Under: Finance Tagged With: Colorado Real Estate, Finance, owning a home

How to Decide on the Ideal Home Size for Your Family

March 5, 2021 By Claire Garlick Leave a Comment

Making the choice to purchase a new home is a major decision for anyone. Once you’ve settled on the idea that you do want to buy a home, there are many more options you’ll have to face; one of the most important is the ideal size of a home to best fit your family and lifestyle. Here are some tips so that you can choose the right size home to meet your needs:

[Read more…]

Filed Under: Buyers, First Time Home Buyers, Move-Up Buyers, New Construction, Real Estate Tips Tagged With: Colorado Real Estate, COVID-19, First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction, owning a home, Real Estate Tips, work from home

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Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

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About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

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Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

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