Author Archives: bayequity

Bidet making headway in America’s bathrooms

Posted by at 8:44 am

Surveys today show Americans are open to all kinds of home innovation, and the bathroom is no exception. But acceptance of the bidet – the common personal cleaning fixture that graces commodes throughout much of Europe and Asia – has been a bit of a tough sell. It’s unquestioned that the quality of cleaning with a bidet fixture is superior to toilet paper alone, so why the American reluctance? One of the keys to selling a better toilet is marketing. And in America, talking about the best ways to clean up after the loo has always been a bit taboo. Many anthropologists believe American GIs coming back from World War II associated the bidet with bordellos visited overseas. Given America’s puritanical past, they may have been uncomfortable introducing the bidet to neighbors, afraid they might have to explain exactly where...
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Is a home warranty for you?

Posted by at 3:46 pm

Spend any amount of time watching television, and you’re likely to encounter a barrage of advertisements for home warranties. Well-written and engaging, the ads play on consumers’ well-founded fears of suddenly being faced with a major repair bill on an appliance or vital home system. Right after purchasing a home, a nominal monthly fee in exchange for peace of mind can be very enticing. Maybe you even know someone who saved plenty when their home warranty covered multiple breakdowns. Trouble is, home warranties often don’t deliver what’s expected. These “service contracts” cost $350 to $500 in premiums a year, but unlike insurance policies, don’t cover losses from theft, or catastrophes like floods or fires. The basic package usually covers breakdown of your plumbing, most kitchen appliances, water heater, heating and electrical components, sump pump and fans. Optional coverage is available...
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Lending in the gig economy

Posted by at 12:20 pm

Plans are underway at Fannie Mae and Freddie Mac to make home loan qualification easier for people earning money in the “gig” economy. For those not familiar, the “gig” economy refers to the pursuit of flexible, freelance employment instead of full-time work on a traditional career path. In today’s ever-changing economy, finding stable, salaried positions that cover the bills isn’t always so easy. Other people simply find working as an independent contractor better fits their lifestyle. Workers in the gig economy often make similar income to salaried positions. Arguably, their income is more dependable than that of salaried employees, whose jobs are closely tied to the success of their employer and stability of their field. But in many cases, gig earnings don’t qualify as income under existing mortgage-industry guidelines. Typical mortgages tend to require W-2 forms and IRS information going...
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Escalating the situation

Posted by at 11:58 pm

In the increasingly vigorous – and competitive – real estate market, motivated homebuyers may want to consider an “automated” method for making bids on a property of particular interest. You can often match or beat offers that come in later than your own by including an “escalation clause.” Here’s how it works: Say you put in an offer of $260,000, and someone comes along later and offers $265,000. Your escalation clause might come with instructions to match it, or to offer $5,000 more than the highest offer, so your offer automatically goes up to $270,000. The escalation clause can also include a “cutoff” or a maximum amount you are willing to pay – say $275,000. If someone comes along and bids $280,000, you’re not going that high. In situations where a property is likely to see multiple offers and even...
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E-cycle to recycle your tech waste

Posted by at 3:17 pm

According to the Consumer Technology Association, the average American household owns 24 consumer electronics products at any given time. Replaced for upgrades on a regular basis, the U.S. Environmental Protection Agency warns these products are also the fastest-growing component filling our nation’s landfills. And it’s like throwing away a gold mine. Seriously. Products like computers, TVs and cell phones contain precious metals like silver and gold, rare earth elements and other valuable materials like aluminum, copper and steel that could be extracted and reused. Cellphones by themselves represent a mountain of wasted resources. Only about 10 percent of discarded cell phones are actually recycled out of millions replaced each year. For every one million phones thrown away, 75 pounds of gold, 772 pounds of silver, 33 pounds of palladium and more than 35,000 pounds of copper goes in the trash...
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Looking out for Generation Z

Posted by at 11:51 am

It seems that almost every segment of the real estate profession today is aimed at the Millennial Generation. Makes sense. At 80 million strong, Millennials, born between 1981 and 1996, are the largest demographic in history. And now, most have graduated college, begun careers and families, and are settling nicely into the prime spending years. But time moves inexorably forward, and it’s not too early to be talking about the next wave of potential homeowners – Generation Z. Made up of the 75 million Americans born since 1996, Generation Z is expected to start buying homes in earnest within five to 10 years. Analysts say they’re going to be a bargain-hunting, tech-loving, real estate–savvy force to be reckoned with. Watching the Great Recession unfold, most are financially conservative. They know the value of a dollar and the mathematics behind long-term...
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July 24th, 2018

Tree party etiquette

Posted by at 6:39 pm

As a homeowner, you may have occasion to share a tree with your neighbor. Most of the time, a neighboring tree provides shade, home for songbirds and general aesthetic appeal, but not always. Conflicts can arise if you feel a neighbor’s tree has become a nuisance or a danger to your property, but it’s important to know your rights and responsibilities before taking any drastic measures. Tree law varies from state to state, but there are general standards defining what you can and can’t do. All states allow you to trim branches and limbs overhanging your property, but you can’t trim them beyond the line. If you harm the structural integrity or appearance of the tree in the process of trimming it, you could be found liable for up to three times its value. Therefore, it’s always advisable to do...
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Time to plan your escape

Posted by at 2:39 pm

Want to combine the unpleasant experience of being locked in a room with the tedium of solving complex puzzle problems? While this may not sound like a lot of fun at first, the “escape room” experience has become something of a cultural phenomenon. But you don’t have to pay big dollars for a high-tech experience at one of the many businesses hosting the games. Whether dinner parties, family game night or birthday bashes, you can design and build your own escape room at home. It can be a bit intimidating. Isn’t it going to be a lot of work and cost? After all, don’t businesses make huge outlays for authentic costumes and high-tech gadgetry? Take a deep breath. The true magic of the escape room experience lies in creating puzzles that are difficult without being frustrating, and hiding essential clues...
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Accessorize your dwelling with an ADU unit

Posted by at 2:56 pm

As home prices continue to  rise, many folks are left wondering how they can afford a piece of the American dream. Some have broached the idea of sharing, but co-ownership – even among family – is a little too cozy for most. The tenancy approach is probably the easiest. That’s why many buyers today are looking for homes with potential to add “accessory dwelling units,” or ADUs. ADU residences can be build-ons, re-purposed space or even a separate, free-standing unit. The main draw is practicality. ADUs provide a sense of autonomy for the renter at a lower cost, and can provide the homeowners with help paying their mortgage. The majority (62 percent) of U.S. households are made up of one or two people, while most new and existing homes are designed to accommodate three or four. Legacy housing stock is...
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June 27th, 2018

The Book on Cleaning

Posted by at 12:09 pm

Finished spring cleaning, still thinking about it, or somewhere in between? Seasonal cleaning is just a state of mind! Get inspired to do some summertime spring cleaning with these three recently published books. Each contains a look at cleaning philosophies from a different country, and how a tidy lifestyle can lead to a happier you. The Gentle Art of Swedish Death Cleaning: How to Free Yourself and Your Family from a Lifetime of Clutter https://www.amazon.com/Gentle-Art-Swedish-Death-Cleaning/dp/1501173243/ref=sr_1_1?ie=UTF8&qid=1528753350&sr=8-1&keywords=the+swedish+art+of+death+cleaning Not about death at all, but living a life so tidy that when you pass on, you’ve left an easy job to the ones who have to go through, and make choices about, your possessions. The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308/ref=sr_1_2?s=books&ie=UTF8&qid=1528753628&sr=1-2&keywords=life+changing+art+of+tidying+up If your home only contains items which spark joy, and you give thanks to the items...
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