Chad Goldstein - Gold Key Realty LLC



Posted by Chad Goldstein on 9/10/2018

When you stop and think about it, there are a lot of aspects of our lives that need continual organizing. The ideal scenario is to set up an organizing system when you first move into a new home, and then maintain it on a daily or weekly basis. Unfortunately, many people wait to organize their closets, pantries, or home offices until those areas are in a state of utter chaos. By then, the clutter has taken on a life of its own! Not only is it difficult to find things you're looking for, but your frustration can spill over into other aspects of your life. Kitchen Organizing Tips Being organized is the bedrock of a well-managed life. While it's far from a panacea, the results of organizing your home and work space can be far reaching. Take your refrigerator, for example. How many times has perfectly good food been wasted because it was pushed back into a corner and forgotten about until it turned into a "science experiment"? Although refrigerators are designed with organization in mind, it's all too easy to throw vegetables in the meat drawer and haphazardly wrap up leftovers without labeling them. As a side note, if you write the current date on the label, you'll be able to keep track of how long it's been in the fridge and whether it's time to throw it away. (Note: The U.S. Department of Agriculture advises that cooked leftovers be used within four days. Its food safety "window" for raw poultry and ground beef is even shorter: only one or two days.) Whether your goal is to organize your refrigerator, kitchen cabinets, bedroom closets, or garage, the benefits are worth the time and energy. Before getting started, though, it's helpful to make a trip to a local office supply outlet, kitchen retailer, or dollar store to pick up an assortment of small containers, canisters, drawer dividers, a marking pen, and labels. The Benefits of Organizing Your Home Getting started is the hardest aspect of home organizing, but there are many sound reasons for taking the initiative:

  • Improving the appearance of your home rewards you with a sense of accomplishment and a feeling of personal satisfaction.
  • When you organize closets, cabinets, or other storage areas, you'll stumble upon things you thought you misplaced or lost, long ago.
  • You'll get rid of miscellaneous junk and clutter, which will free up space for things you want to save, refer to, or use in the near future.
  • Organizing your household supplies, tools, and kitchen accessories will also prevent you from having to buy replacement items that you already have. Knowing where things are will save you time, money, and aggravation!
Maintaining a Semblance of Order Getting your family to clean and organize their own rooms and work spaces is a separate challenge, but setting a positive example is one of the first steps. In the case of children, clear expectations need to be set and daily routines established. When all else fails, bribery has been know to work, too!





Posted by Chad Goldstein on 4/2/2018

If youíre trying to decide whether itís best to move from your current home or to make the necessary improvements on the home, itís not an easy decision. One thing you may have to consider is how to get the capital in order to have those home improvements done. 

Thereís a variety of options available to you in order to secure a loan to renovate your home. Whether you need to renovate the kitchen, build out from your current property, or replace the heating system, thereís ways that you can get the money to complete these necessary updates. 


One thing to consider about any of the options discussed is that you donít want to be paying for home improvement loans until you need to update everything once again. If youíre preparing to sell your home, making improvements is a wise choice, as it can increase the return that youíll get on your home. 

Donít Run Out Of Cash


 If you cannot complete the improvements that you started, you may not be able to get another loan to complete them. You can typically borrow between 80 and 90% of your home equity. The downside to refinancing your home or taking out home equity lines of credit is that youíll need to pay closing costs once the loan is approved. In other words, youíll need to put out some cash in order to get some cash. 

Use Your Own Cash

If you have some cash saved up, itís wise to just do one project at a time. This can take some time, but can be more economical in the long run. If you donít need to complete your repairs in a hurry, then using your own savings is a good idea.

Refinance Your Home

If you would benefit from a lower interest rate, refinancing your home can be a great option. As long as the cost of repairs doesnít exceed the number of years that the updates will last, refinancing makes sense. 

Home Equity Credit Line


If your mortgage is locked in and working for you, home equity lines of credit are always a good option. You can draw money out as you need it and pay it back as you go. You wonít need to pay interest until you use the money and the loan is good for 10 years. The downside is that if you donít make the payments, you could lose your home.   

Home Equity Loans

This type of loan allows you to borrow a fixed amount and then pay back the loan with a fixed monthly installment. A 15 year term is typical of this type of loan.


Construction Loans


A construction loan can be used to build a house or to make large-scale renovations. These loans are short-term and not always easy to find access to. Not to mention that they are heavily managed and perhaps the least popular option presented here. 


FHA 203K Loans


This type of loan is generally used to purchase a home that is in need of much repair. The downside is that youíll need mortgage insurance for the entire life of the loan. Less complicated repairs often offer a more streamlined FHA loan of up to $35,000. 


FHA Title 1 Loans


These loans provide up to $25,000 for home improvements. The money is insured by the federal government and can be obtained from approved lenders. Homeowners donít need access to equity in order to get one of these loans and they are available in 20 year terms. 


These are just some of the options that are available to you as a homeowner seeking ways to get cash to make improvements to your home. You can tap into other types of personal loans including credit cards. Really, you need to do whatís best for your finances. Itís good to know that thereís options available to you to improve your home.





Posted by Chad Goldstein on 3/5/2018

Refinancing your home can have many benefits. First, youíll be able to take out money to address immediate needs in your home like improvement projects. These things can only benefit your homeís value in the long term. Before you take the leap to refinance your home, you should be sure that youíre actually ready to take this step. Knowing what youíre in for allows the entire process to go more smoothly. Read on for tip to understand more about the refinancing process and what youíll need.


Know Your Finances


Just like when you initially purchase a home, refinancing your home will require you to have your finances in order. Take a look at your budget and needs and determine if it makes sense for you to refinance your home. For example, your employment status or distance from life goals like retirement could have a factor on the term of the loan youíre willing to take out. A 15-year mortgage may make more sense than a 30-year mortgage, but your monthly payments will also be a bit higher. You need to take all of this into consideration before you refinance. 


Your credit score will also be a factor in refinancing your home just as it was when you initially bought your house. Check your score and see if any red flags pop up. Getting these corrected earlier rather than later can help you to get a better rate on the loan. There are plenty of free services that exist online that allow you to check your credit score.   


Know The Value Of Your Home


If you know the value of your home and understand how much equity youíve built up in the house, it will give you a better idea of your refinancing options. You canít get more than 70% of what your home is currently worth as a cash-out refinance. If you owe more than your home is worth, you might be in a tighter financial situation than you realize. You can do plenty of things to increase the value of your home; it will just take some time. You may even consider selling your house, making a move, and starting from scratch. Financially, this could be the best option, and you could also end up with a better interest rate.


Getting your finances in order and the simple act of preparing for a home refinance could give you some insight into your financial picture after being a homeowner for some time.


Stay out of debt. Donít open new accounts. Pay down any debt you may have. That is the standard advice for people who are trying to get in good financial standing before buying a home or refinancing a home. 


Do some research and find the best home loan refinance rates around. Then, look into your own finances and decide whatís best for you regarding refinancing your home loan.      





Tags: Mortgage   refinancing  
Categories: Home Improvements  


Posted by Chad Goldstein on 2/26/2018

Did you know your home could lose heat due to a poorly insulated attic? That's right, and home sellers who want to maximize the value of their residence will want to improve their attic's insulation immediately. You should try to air-seal the attic to minimize your home's energy loss consistently. However, there are several questions you'll need to consider before you add attic insulation, including: 1. How much insulation will I need? Ideally, you'll want your attic insulation to be above the floor joists. And if you notice your attic insulation sets below or at the floor joists, you may need extra insulation to boost your home's efficiency. Furthermore, you'll want to ensure that insulation is evenly distributed across your attic. That way, you'll be able to avoid low spots, aka areas where energy loss becomes more likely to occur. 2. What kind of insulation should I install? Just because there is certain type of insulation already installed in your attic does not mean that you have to use this same kind of insulation in the future. In fact, there are many insulation options at your disposal, providing you with plenty of flexibility to find insulation that fulfills your home energy needs and budget. Some of the most common types of attic insulation include: ē Fiberglass Ė Fiberglass batts and rolls can be applied to unfinished walls, along with floors and ceilings. ē Foam board Ė This type of insulation is valuable for unvented low-slope roofs and offers a high insulating value. ē Blown-in Ė Perfect for unfinished attic floors, blown-in insulation is installed using special equipment and works well in irregularly shaped areas. Meeting with an attic insulation expert may prove to be valuable, as this professional can offer insights to ensure you can find the right insulation at any time. Therefore, you'll be able to rely on this insulation professional to complete your attic insulation project quickly and efficiently. 3. How much will it cost to add insulation? Adding insulation to your attic can become expensive, particularly for those who choose top-of-the-line insulation installed by insulation professionals. For many home sellers, it helps to budget accordingly when determining how much to spend on attic insulation improvements. Although you likely want to improve your home's efficiency, it is important to avoid the risk of overspending. And if necessary, you may want to consider lowering the asking price of your home rather than performing comprehensive attic insulation improvements that may provide only a limited return on investment (ROI). When in doubt, meeting with a real estate agent can help you determine which home improvement projects are paramount. This professional will work with you to accentuate the positive of your home to prospective homebuyers, and ultimately, ensure that you can boost your chances of a quick home sale. Attic insulation improvements serve as one of many ways that you can work toward enhancing the value of your home. And after you complete various attic insulation improvement tasks, you'll be better equipped to help your residence stand out from others in a highly competitive real estate market.







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