It’s been about a year since our daughter purchased a home in another city.  After we completed shopping for her home, the closing process and unpacking her boxes, we realized there was a missing component to her home buying process.  What do you do after your settled?  It’s not time to put up your feet and relax just yet!

Below is a list of things every homeowner should do shortly after moving into their new home.  At Penn Homes, we want your home to be a safe and healthy place to build lifelong memories in.

1.  Create a home maintenance checklist.

To make sure your home stays safe and healthy for you and your family, you should regularly check, clean and/or test a wide variety of interior and exterior systems and structures. The U.S. Department of Housing and Urban Development has a Home Maintenance Checklist that you can download from the HUD website . It provides basic guidelines for keeping your home dry, clean, well-ventilated, free from contaminants, pest-free, safe and well-maintained.

2.  Make sure you have enough insurance coverage.

At a minimum, you need to purchase a homeowners insurance policy to cover the house and all of your family’s belongings inside. To determine how much insurance you need, find out how much it would cost to rebuild your house today on your existing lot. Your personal property coverage should then be anywhere from 55 to 75 percent of that amount.

Damage caused by natural disasters such as flooding, earthquakes and hurricanes are not covered by regular home owner’s policies, so depending on where you live, you may want to consider additional coverage. Your insurance agent can help you figure out the right amount of coverage and suggest upgrades or additional policies that would be appropriate for your specific situation.

3.  Protect your home from break-ins.

If you bought an existing home, you should rekey the locks right away. You never know who the previous owners gave keys to. The National Crime Prevention Council recommends that every exterior door should have a dead-bolt lock with a one-inch throw. They should be at least 1 3/4 inch metal or hard wood with the hinges on the inside.

Install a peephole or wide-angle viewer—not a chain—in all entry doors so you can see who is outside without opening the door. Sliding glass doors can be secured by placing a long piece of wood at least one inch thick in the track. Keep all entrances and doors well-lit, and prune shrubs so they don’t provide hiding space for someone who wants to break in.

4.  Prepare an emergency kit.

In the event of a disaster, local officials and relief workers may not be able to reach your home immediately, so you should have an emergency kit on hand.

Basic services such as electricity, gas, water, sewage treatment, and telephones may be cut off for days, or even weeks, so you should be prepared. The Federal Emergency Management Agency recommends stockpiling at least three days’ worth of food and water for your family. Their website http://www.ready.gov/ offers a list of items to include in a basic emergency preparedness kit, as well as guidelines on food and water storage and protecting yourself from airborne contaminants.

5.  Improve your home’s energy efficiency.

Even if you’ve purchased a brand new home with the latest energy-efficient building materials and techniques, there are still some improvements you can make to save even more money on utility bills. For example:

• Replace incandescent light bulbs with longer-lasting CFL or LED bulbs.
• Install a programmable thermostat that can be set to automatically adjust the heat or air when the home is most or least used.
• Increase the insulation in your attic, on exposed water pipes and around your water heater.

The U.S. Department of Energy has an online Home Energy Saver™ tool for home owners at http://www.hes.lbl.gov/ that recommends energy-saving upgrades that are appropriate for the home, the climate and local energy prices.

Even if you haven’t just moved, these suggestions will help you protect your family and maintain your investment for years to come.  If you have any suggestions that you feel would be beneficial to a new homeowner, please comment below.  We’d love to hear your tips for moving into a new home.

Now that we’ve been ‘invited’ to your home…we are happy to accept the invitation.  When giving someone directions to your home, you always describe your house.  ”Take a right on Oak Street, we live in the second block, third house on the right…our house is the one with ____________.”  So, what does one see when looking at your house?  What is the descriptive trademark of your home?  What’s the ‘curb appeal’ of your home?

This is one area that could be an inexpensive project for your home and would have an immediate impact.  It could be as simple as a new coat of paint, a new front door and maybe some shutters, or it could be an exterior project with an interior impact.

First, the simple project.  Many times we are asked if we would do something as simple as replace a front door and some rotten wood.   The answer is “Yes!  We’d love to help.”  We’d take a good look at the exterior of your home and make suggestions.  Are the columns in good shape?  What about the shutters – do they need painting, are they the right size shutters for your windows, does the shutter fit the style of your home?  Are the flower beds or shrubs compromising the integrity of the foundation?

"Before" - the owner wanted a new look for her bungalow

Next, let’s take a look at an exterior project with an interior impact.  ”Recently, I was asked to consult on a project where the owner wanted to update her exterior, but she had an interior problem.  She didn’t have enough closet space” said Mike Penn. After measuring and sketching, Mike had the following solution.  ”We were in luck, the Master Bedroom faced the front of the house.  It was a pretty easy fix — she had enough room between the front door and an existing window to extend the front porch which allowed for a nice sized closet addition into the Master Bedroom. Then, the front of the house could be re-faced with stonework, shutters and a new front door.”

Penn Homes Sketch

Mike recommended a combination of products to create a focal point that added historic strength to the home.   The use of cultured stone and cedar beams from an old sugar mill gave a distinct look that was also durable and weather resistant.  Additionally, he recommended adding a Bevolo gas fixture for ambiance and additional lighting.  The owner had a great looking house with fantastic curb appeal while solving her interior problem of inadequate closet space.  A simple solution the owner could afford yet couldn’t visualize without the help of a professional builder like Mike Penn.

These are the type things Penn Homes has to offer.  We’d look at your project – then make recommendations based on what you were interested in investing in your home.  Mike Penn would break them down into the things necessary and those things which are optional, yet would add value to your home.  We would help you determine the cost of the project and work out a construction schedule to suit your family’s needs.

Curb appeal is what makes someone want to see the inside of your home and we’d love to help.  Can’t wait to hear from you.

Many homeowners are surprised to learn that the equity in their home comprises a larger portion of their net wealth than the holdings in their stock market or retirement funds. Compared to conventional financial investments that rise and fall with regular frequency, housing has proven to be a relatively stable and sound investment that keeps up with inflation in most years and outpaces it in others.

Although few of us purchase a home strictly for its investment value, in practical terms it represents an asset that can pay high returns when it comes time to either refinance the mortgage or sell your home outright. Of course, a home that is well-maintained and offers up-to-date systems and amenities will have a higher value than a comparable home that is poorly maintained or lacking the conveniences and extra living space that today’s buyers want. Remodeling, then, becomes the key to protecting and enhancing the investment value of your home, not to mention its many other benefits.

“What improvements will add the most value to my home?” To answer that question, it is important to understand that remodeling – and your home for that matter – is different from other investments that are primarily financial in nature. What’s unique about housing is that the “investor” or owner receives the immediate benefit of being able to occupy and enjoy their investment; i.e., live in it, all the while it is growing in value. Stocks and bonds don’t deliver on this aspect.

The longer you intend to stay in your home and will enjoy the new family room or whatever improvement you make, the more weight this factor contributes to your overall return on investment.

The other part of your investment return is the increase in resale value that the remodel adds to your home. Ultimately it is a professional real estate appraiser who will decide the financial return of any remodeling you do through the price he or she assigns to your home when you decide to refinance your mortgage or sell your home. The cold hard truth, however, is that real estate appraisals are more an art than an exacting science.

The price of your home will largely depend on the prices that comparable homes recently sold for in your neighborhood. The value assigned to the improvements you made to your home depends on a number of variables but depend heavily on the location of your home as well as its overall condition. Some remodeling projects lift the value of a home by the entire cost of the remodel and sometimes by even more.

Despite the limitations of the appraisal process in allotting what you might consider fair value for all the improvements that you proudly made to your home since first moving in, there are certain rules that you should consider to increase the dollars you get back from your remodeling investment.

• Maintaining your home in good repair is the most critical of all investments that you can make to your home. The shape it’s in matters as much if not more than what other attributes your home may have.

• The quality of the work you have done on your home is another factor that can’t be ignored, if you are looking to make a good investment. Shoddy workmanship, low-grade materials and inferior products will wipe out any value the remodeling might have added to your home.

• Remodel for yourself and your own family, not the next owner. It is a gamble to predict what the likes and dislikes of the next owner might be. Keep in mind, however, the more your tastes stray from the norm of most of your neighbors, the less likely you are to get maximum return from your improvements. Stay with styles, colors and features that have broad appeal.

• Kitchens and bath remodels are the two most popular remodeling projects year-in and year-out, no matter where you live. Minor kitchen remodels tend to recoup more of their costs than major kitchen remodels. Bathroom remodels also vary on how much they add to resale value, depending on the extent of the makeover. These two rooms carry the most weight when it comes time to sell your home. Attractive kitchens and baths fully outfitted with popular features will not only help sell your home faster, they also can drive the price a buyer is willing to pay for your home.

• Extra space in the right place offers a high rate of return since existing homes tend to lack the roominess of new homes. New family rooms, larger master bedroom suites and eat-in kitchens are all examples of spaces that most buyers value highly.

Although it is difficult to put an exact price on the resale value of a particular remodeling project, for most of us the real value of remodeling is the comfort and pleasure it adds to the years we spend living in our home.

As summer approaches, many home owners grow eager to start remodeling projects to update and refresh their surroundings. Before getting started, it’s a good idea to hire a professional remodeler for a workable plan and better results, according to Mike Penn, Owner of Penn Homes.

“A professional remodeler knows how to translate a home owner’s dreams and budget into a beautiful reality,” said Mike Penn. “They have the expertise and skills to satisfy a customer while keeping the budget in check.”

Here are five tips for planning a successful home remodel that you can enjoy for many years to come.

1. Compile a list of home remodeling ideas and draft a budget for the work.
You likely have some projects in mind, such as modernizing the bathroom, renovating the kitchen, replacing windows or repairing the roof. Prioritize your wish list: Maybe you don’t have the budget for your dream remodel, but professional remodelers can maximize your dollars by doing the work in phases, suggesting budget-friendly products and materials, and implementing creative design solutions.

2. Look for a professional remodeler to help plan the project.
Start by searching NAHB’s Directory of Professional Remodelers at www.nahb.org.remodel. You’ll get a list of nearby remodelers to contact. Asking friends and neighbors for names of qualified remodelers will also help you find a match for your project.

3. Check the references and background of the remodeler.
After you start speaking with remodelers and find one or two who match your project’s needs, be sure to conduct some background research by checking with the Better Business Bureau, talking to their references, and asking if they are a trade association member.

The Louisiana State Licencing Board for Contractors is an excellent place to verify if a contractor is licensed in our state. Remodelers with these qualities tend to be more reliable, better educated, and more likely to stay on top of construction and design trends. http://www.lslbc.louisiana.gov/findcontractor_name.htm

4. Agree on a contract.
Talk over the details of the home remodeling project and begin reviewing the contract. You’ll want to check the remodelers’ insurance coverage, ask about any warranties on their work, know who is responsible for obtaining any building permits, and understand the process for making any change orders after the contract is signed. Make sure that you and your remodeler see eye to eye before you sign on the dotted line.

5. Take advantage of the energy efficiency tax credits.
If your remodel includes replacing windows or doors, adding insulation, installing new roofing, upgrading heating or air-conditioning units, updating the water heater, or installing energy generating products (such as solar panels, heat pumps, or wind turbines) then you can take advantage of federal energy efficiency tax credits through 2010 that will help defray costs and maximize your remodeling budget while reducing home energy bills. (Learn more at www.nahb.org/efficiencytaxcredit.)

What you Don't Want

If you have collected photos of your dream kitchen, drafted a general budget, and talked with friends about how you wish your home was more comfortable or modern, you may be ready to hire a professional remodeler to get the job done right. 

Do your homework when hiring a professional remodeler. A professional has training, experience, and references from satisfied clients to demonstrate their remodeling expertise. 

Check out these steps for hiring a professional remodeler: 

1.      Collect names of remodeling companies. 

Start by searching the National Association of Home Builders’ Directory of Professional Remodelers at www.nahb.org/remodel. You’ll get a list of nearby remodelers to contact. Asking friends and neighbors for names of qualified remodelers will also help you find a match for your project. 

 2.      Discuss your project with a couple remodelers. 

Call a few remodelers from your list to discuss your project. Describe what you envision for the home remodel, styles you like, your estimated budget, and other ideas for the remodeling work. Ask the remodeler if they can provide background information on their expertise. They may have a website or brochure they can share that describes their experience and accomplishments. 

 3.      Ask if the remodeler has general liability insurance. 

Be sure to ask some important questions about the remodeler’s business that will help ensure you hire the best professional. Does the remodeler have a license, if required in your state? Do they have general liability insurance in case of an accident on the job? Do they guarantee their work? How do they handle any problems that may arise on the project? Having these answers in advance will prevent future problems and nail down the best professional remodeler for the job. 

 4.      Check the references and background of the remodeler. 

After you start speaking with remodelers and find one or two who match your project’s needs, be sure to conduct some background research by checking with the Better Business Bureau, talking to their references, and asking if they are a trade association member (such as NAHB Remodelers). Remodelers with these qualities tend to be more reliable, better educated, and more likely to stay on top of construction and design trends. 

 5.      Don’t fall for the lowest bidder. 

Many people may be lured by the lowest price to their remodeling project, thinking that they have found a great deal. But beware of these alluring low prices. These bids may be more costly in the end if the contractor is cutting corners, not taking into account certain costs, or is inexperienced. Professional remodelers have stories about coming into homes to fix remodels from unscrupulous contractors who did shoddy work or failed to complete the job. Often times, the lowest price may not ultimately provide the best value for your home remodel.  

Make the smartest investment in your home by hiring a professional remodeler. They’ll help you stay on budget, solve remodeling challenges, and provide a higher-quality service.

An informal poll of professional remodelers revealed five tips for maintaining your home to keep it in top condition and support home value. Proper home maintenance should start with a regular inspection of the home’s exterior and the heating and cooling system to ensure the home is running smoothly.

1. Inspect the roof
An examination of the roof will reveal spots that need repair, preventing leaks that ruin home interiors and valuables. Regular roof maintenance prevents roof problems leading to structural damages and other expensive emergencies.

2. Add insulation
Most houses can benefit from installing or repairing the insulation barrier in the home. Adequate attic insulation, in particular, keeps the home from losing energy with wasted heating and cooling. A better insulated home means less work for the heating and cooling system and lower energy bills.

3. Repaint surfaces
A fresh coat of paint does wonders for a home by updating the color palette and giving the home a shiny new start. Quality paint jobs also protect surfaces and prevent problems like rotting wood. Consider using no- or low-VOC paints for reducing fumes while drying and keeping the home air quality more comfortable.

4. Monitor flashing and caulking
Worn window flashing and caulking allows water to penetrate the walls, causing damage to drywall and framing. Asking a professional to inspect windows can prevent water intrusion, saving thousands in major repairs down the road. Additionally, examine caulking and sealing in bathrooms to ensure water isn’t leaking into walls or floors.

5. Check the water heater and heating and cooling system
Waiting until the water heater, furnace, or air-conditioning fails will cost more in emergency repairs. Bring in experts to assess these units to ensure they are functioning and receive needed repairs. Newer water heaters and HVAC systems can increase home efficiency, bringing down water and energy bills.

For more information about remodeling, visit www.nahb.org/remodel.