Matt and Sonya's Blog
Radon has no smell, taste, or color. It is a transparent, radioactive gas. Radon is released when the uranium that is contained in the soil and rocks decays over time. The reason that radon is an issue in a home is because it is released through cracks or openings that exist in the foundation. If too much radon is present in the home, the radioactive particles can attach themselves to dust particles, causing people in the home to breathe the harmful substance in.
What Is A Radon Test?
The radon test is conducted over the course of two days. A testing machine or canisters are placed on the lowest habitable level of a home being tested. This would be either on the first floor or in the finished basement level of the home. The cost of a radon test isn’t very much, ranging anywhere from $65 to $125. The radon test is typically part of the home inspection, but sometimes other circumstances warrant a test or re-test. The canisters take a bit more time to produce results than the testing machines do, so confer with your inspector before the test is done.
One thing you should know is that radon is always present. The level of radon fluctuates constantly. The test is conducted over a two day period to get the average level of radon in the home. The Environmental Protection Agency considers levels of radon at or above 4 pCi/L to be unsafe. If this is found to be true, there is a solution, however, as systems that lessen the amount of radon in the home can be installed. These can come with a hefty price tag, costing anywhere from $1,000 and up.
Radon levels will vary on a daily basis. They can also vary by season, with weather conditions and with the amount of available ventilation. Structural changes that have been made to the home can also have an effect on the levels of radon in the home. If you are getting ready to sell your home and already have a radon mitigation system installed, you may want to test the levels before you even put your home on the market to know what you’re working with. The system may not be working properly, or the levels may have faced a sharp increase, making it hard for the removal system to keep up.
With the proper installation of a radon removal system, the air in your home will be safe to breathe. If you put an offer in on a home and the home inspection finds that there are unsafe levels of radon present, at least you’ll know what you’re dealing with. If you decide that the home is not the place for you and your family, even with a removal system, you’ll walk away from the deal informed. If you’re a seller, beware that the level of radon in your home could affect the sale. Although radon sounds like a scary thing, it’s manageable. Radon tests and removal systems help to keep the levels safe.
10 Evergreen Way, Peabody, MA 01960
10 Evergreen Way, Peabody, MA 01960
If you’re trying to get ready to buy a home, one of the biggest tasks that you’ll need to take on is that of saving for a down payment. The down payment will need to be a significant amount of money. If you put it in the right place, it will have the ability to gain some interest. Most importantly, you don’t want to have access to the money so that you can spend it freely.
What’s Your Time Frame?
When you start saving money, you’ll need to know what your time frame is to better discern one of the best places to keep your down payment money. You can put your money in a CD or money market account, but the money will need to stay put for anywhere between 1-2 years. In the case of down payment money, the amount of interest that you gain isn’t as important as having access to the money when you need it.
Research Your Options
Do your research in order to find the best deals. You may be able to gain a bit of interest on a 3-month CD if you’re short on time. If you have a bit more room for growth and will continue to compound the money, search online for higher yield savings accounts that will allow you to continue contributing money over time. You can even consider putting portions of your money in different places with different time frames and interest rates. This way, some of your money will have a chance to grow, yet you’ll still have access to it.
Know The Home Buying Process
When you get pre-approved for a loan, the mortgage company will go through your entire financial history past and present. You’ll need to show all of your bank accounts and their balances along with pay stubs. The mortgage company will also delve into your debt and calculate what is called your debt-to-income ratio. Before you even get to the stage of pre-approval, you’ll want to make sure all of your significant debt is paid off.
Once you get to the closing table to buy your dream home, your check for all of the closing costs including the down payment will need to be present. This is why you need to make sure that your money isn’t tied up when you reach the point of purchasing a home. Generally, a bank check will need to be issued for the entire cost of closing less the deposits that you have already made on the home.
Make a plan for your saving the down payment and you’ll be well on your way to securing your dream home!
It’s a long road to get to the status of being a homeowner. Once all of the i’s are dotted and the t’s are crossed at closing, you’ll be handed the keys to your wonderful new place to live. Now, you’ll have a huge responsibility on your hands as well. You’ll need to pay the mortgage monthly. You’ll need to perform regular maintenance around the home. You’ll also need to pay for things like home insurance, utilities, and more. Everything that happens in your home when you have those keys is your responsibility.
Once you have unpacked and settled into your new place, there’s a seemingly unending amount of things to do including organizing, unpacking, painting, decorating, cleaning, renovating, and so much more. You really need to take a break from all of that and take the time to bask in the glory of homeownership for a few minutes.
Know What You Have Accomplished
Buying a home is not something that every person can achieve. It takes a lot of hard work, dedication, and persistence to save up money, find a home you love, and close the deal. You’ll also learn a lot through the process of buying a home. You’ve established a sense of independence and freedom through buying a home; you’re truly living the American Dream.
You Have Something To Call Your Own
As a homeowner, you are not the master of your own domain. Anything that you wish is your command. Any hobbies you have, whatever type of decorations you want, and the types of chairs you like to sit in are all your choice in your own home. Once you own a home you don’t need to worry about the unruly neighbors upstairs or the landlord who wouldn’t ket you paint the walls. Do you want to plant a vegetable garden in your yard? You can! There’s no one there to tell you that you can’t. Have a blast using your yard and your home the exact way that you want it. Now you can feel free to have friends over and entertain to your heart’s content. This is one of the best parts of owning a home.
You Now Have A Better Financial Future
Buying a home is a smart investment. You’re contributing positively to your financial future. Every mortgage payment that you make is contributing to something that you own. There’s no security deposits and no fees for your pets. The longer you live in your home, the more equity that you’re building up since your property is increasing in value over time. If you continue to make timely payments and upkeep your home properly, you’ll be able to really see a return on your initial investment on the home.