Dallas-Fort Worth home sales drop 30 percent

By STEVE BROWN / The Dallas Morning Newsstevebrown@dallasnews.com

North Texas home sales took a 30 percent dive in October.
Last month was the fifth consecutive month that Dallas-Fort Worth area home sales were down compared with 2009 levels.

Home sales in the area have cooled since federal tax credits to promote housing purchases expired at the end of April.

Through the first 10 months of 2010, preowned home sales are down 5 percent from the same period in 2009, according to the latest statistics from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.

Median home sales prices remained stable in October at $146,000 - up 3 percent from a year ago. The increase in overall single-family home prices is likely due to the fact that a larger number of more expensive homes are trading now that the tax benefit that helped first-time sales has lapsed.

Year-to-date median home sales prices in North Texas are up 1 percent.

The number of homes on the market continued to grow in October - up 16 percent from a year ago. There's just over a 7-month supply of single-family homes listed for sale with local real estate agents.

A six-month inventory is considered a balanced market.

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By Shannon Petrie, FrontDoor.com

Shortly after buying a new home, you may feel too overwhelmed with moving boxes and bubble wrap to focus on anything other than getting your stuff from point A to point B. Besides ensuring a smooth moving process, there are several other things you need to take care of as you’re getting settled into your home. While you’re unpacking, make sure you handle these post-purchase musts:

  1. Fill out a change of address form. Visit the local post office or go to the United States Postal Service website to complete an official change of address form. For banks and financial companies, contact them directly to let them know you’ve moved.
  2. Transfer your utilities and services. Change electricity, gas, water, cable, phone and Internet to your new address. Most utilities let you sign up for service or change your existing service online, or you can use websites that let you hook up all of your utilities online, such as WhiteFence.com.
  3. Secure your home. The previous homeowner’s friends and family could have copies of your home’s keys, so call a locksmith and have all the outside door locks changed. Also, change the garage door opener codes.
  4. Check safety features. Make sure the home’s smoke and carbon monoxide detectors have batteries, check the expiration dates on fire extinguishers and make sure all safety devices are in working order.
  5. Get to know your home. Find the home’s main circuit breaker and make sure it’s clearly labeled so you know which breaker turns off which area. Also, find the home’s water shutoffs.
  6. Map out the area. Take a drive or a walk around the neighborhood to find the nearest grocery store, gas station, bank, hospital and post office.
  7. Make it your own. Create a vision for how you’d like to turn your new house into your home. You can start by making simple repairs, painting and adding decorative accessories.  Also, get a basic set of tools and stock up on cleaning supplies.
  8. Review HOA rules. We hope you already did this before you bought your home, but it never hurts to refresh your memory. Homeowners associations often have very strict rules on what changes you can and cannot make to your property, so brush up on them to avoid fines. If your community provides trash or recycling pickup, learn the schedule for these services.
  9. Meet the neighbors. Your neighbors can keep an eye on your home when you’re away, so introduce yourself to establish a good rapport.
  10. Relax. You’ve survived the home-buying process, so the hardest part is over. Store your closing documents in a safe place. Take a deep breath, and enjoy the feeling of being a new homeowner!
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Mortgage Rates Decline

Home Buyers Get Surprise Boost From Europe Crisis as Loans Drop to Below 5%

The financial turmoil in Europe is providing an unexpected windfall for American home buyers, as international money seeking a safe haven is flowing into the U.S., pushing domestic mortgage rates to the lowest levels of the year and back near 50-year lows.

The housing industry had been bracing for months for a period of rising mortgage rates, triggered by the end of the Federal Reserve's $1.25 trillion mortgage-securities purchase program.     Conventional wisdom held that mortgage rates would rise as the Fed pulled back from propping up the market.

Instead, many in the industry now say rates could drift as low as 4.5% this summer from 4.86% now, instead of rising to 6% as some economists projected, making for significantly lower payments for Americans buying homes or refinancing their mortgages.

Refinance business "exploded" last week, says Jeff Lazerson, chief executive of Mortgage Grader, a brokerage in Laguna Niguel, Calif. "It's schizophrenic.     We all had this expectation of higher interest rates and no more refinances."     He says he helped a borrower lock in a 30-year loan with a 4.25% fixed rate last week, the lowest in his 24 years in the business.

Rates on 30-year mortgages averaged 4.84% last week, according to a survey by mortgage-insurance titan Freddie Mac.     Rates were quoted late Friday at 4.86%, the lowest since December 2009, according to a survey by financial publisher HSH Associates, and down from a high of 5.27% for the week ended April 9. Rates on 15-year mortgages averaged 4.24% last week”the lowest since Freddie began its survey in 1991.

Economists largely attribute the decline in mortgage rates to the European debt crisis and new concerns about the global economy, which unleashed a massive wave of cash into U.S. bonds from investors around the world.

This buying pushed down yields on Treasury bonds. Because mortgage rates are closely pegged to yields on 10-year Treasury notes, which fell to 3.2% Friday, the decline in Treasurys pulled down mortgage yields.     Typically, mortgage yields remain around 1.5 percentage points above yields on 10-year Treasury notes.

Falling mortgage rates can give a powerful lift to the housing market.     A general rule of thumb holds that every one percentage point decline in mortgage rates is the equivalent of roughly a 10% reduction in the home price for the buyer.     So, if the current rates hold, say economists, that could help stabilize prices and allow current homeowners to sell existing homes without substantial price cuts.

It isn't clear how much home-buying the lower rates will spur.     Demand had fallen in recent weeks after buyers raced to close sales ahead of last month's expiration of an $8,000 federal tax credit for home purchases.     Applications for new-purchase loans hit a 13-year low in the week ending May 14, according to the Mortgage Bankers Association.

Borrowers do face roadblocks. Underwriting standards are their strictest in a decade, and record numbers of borrowers are "underwater," owing more to the bank than their homes are worth. That has excluded large swaths of borrowers from getting loans at the new lower rates.

Still, lower rates could widen the pool of people who qualify for a mortgage, while others may find they qualify for a slightly larger loan.     "They can buy the place with the extra bedroom or the swimming pool," says Jay Brinkmann, chief economist at the Mortgage Bankers Association.

Falling rates have encouraged some Americans to consider refinancing their existing mortgages to save money.     A one-percentage-point decline in mortgage rates can cut $250 off the monthly payment on a $400,000 30-year fixed-rate mortgage, giving consumers cash they can use to spend.

[MRATES]

Richard Hunsinger plans to refinance two loans on his Potomac, Md., home into a new 15-year mortgage this week with a 4.37% rate.     The 55-year-old dentist is worried that interest rates will eventually rise sharply, boosting the payment on his home-equity line of credit. His first mortgage, also a 15-year loan, currently has a fixed rate of 5.25%.     And while the rate on his $240,000 home-equity loan is just 3.25%, it has risen as high as 8% in the past.

Rates "can't stay low forever," says Dr. Hunsinger. If they go up over the next year, "this will look like a really bright decision."

By historical standards, rates are incredibly low. Until 2003, rates on 30-year fixed-rate loans hadn't dipped below 5% since the 1960s.     Rates fell to similar points throughout much of the past year as the government was helping to hold down costs for borrowers.

Nearly half of all borrowers with 30-year conforming fixed-rate mortgages have mortgage rates of 5.75% or higher and could reduce their rates by a full percentage point if they refinanced at current rates, according to investment bank Credit Suisse.

Many of those borrowers may have tried to refinance last year, only to find that they couldn't qualify.     When rates fell to similar lows in 2003, refinance activity hit a record $2.9 trillion, compared to $1.2 trillion last year, according to Inside Mortgage Finance, a trade publication.

Now, more private investors are coming into the market for loans, offering better prices for securities containing mortgages with low rates than they were one year ago.     That could lead banks and brokers to cut upfront origination fees, and borrowers who are able to refinance could find it cheaper to do so than last year.

"I'm calling people back and saying, 'Now it's worth it,'" says Michael Menatian, a mortgage banker in West Hartford, Conn.

 


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For too long, the experience of going through a short sale had come up, well, short

By Geoff Williams, FrontDoor.com | Published: 3/23/2010

Short sales, despite the name, have always taken a long time to process. That’s because the short in short sale refers to a shortage of money and not time. Buying a house via short sale allows a homeowner to sell their property for less than what’s owed on the mortgage, with the lender’s approval. But some new rules from the Treasury Department that are scheduled to start April 5, intend, among other things, to make short sales a much faster process, and certainly much easier. The way short sales have been conducted up until now is that there seems to be very little order and everything has tended to drag out. The norm has been that it can take several months for an offer to be accepted.

Some people in the trenches aren’t so sure the process will go much faster. “If the new guidelines are successful, I will be the first to shout it from the roof tops,” quips Leslie Johnson, a Realtor who works for Prudential Network Realty in Orange Park, Fla., and has a wealth of short sale experience. But she is dubious about the rules. “Unless banks are hiring a large new group of employees across the board to help with the short sales, I don’t know how they will accomplish what they have planned.”

She may be right. For starters, only banks that owe the federal government TARP (Troubled Asset Relief Funds) bailout funds have to participate in this program. But there are carrots designed for all banks to join in, like offering $1,000 to lenders for administrative costs, and it never killed anyone to be optimistic. The changes, if they work the way they’re supposed to, include:

  • Buyers have to offer documentation of funds or a preapproval letter from a lender with their offer for a short sale; if you’re selling your house, you have to give this to your lender within three days.
  • Lenders have to approve or deny the offer within 10 business days.
  • To avoid kicking the existing homeowner out to the curb, the lender can’t require a closing earlier than 45 days from the date of the sales contract unless the seller gives his or her okay.
  • If you’re buying a house through a short sale, you can’t sell it for another 90 days. Most people wouldn’t be dreaming of selling their house so soon, but flippers, out to make a quick buck and able to screw up the market with inflated prices, would. This new rule is designed to help prevent that.
  • Short sales through HAFA (Home Affordable Foreclosure Alternatives program) aren’t allowed to involve selling the property to a friend, family member or anyone with whom you have a close personal or business relationship.
  • Up to $3,000 will go toward paying the junior lien holders to release their lien.
  • No foreclosure can occur during the marketing period specified in the short sale agreement.
  • Mortgage services can no longer charge fees to borrowers who opt for a short sale instead of a foreclosure. Nor can they lower real estate agent commissions after an offer has been received.

Lisa Johnson, a Realtor with Coldwell Banker in Haverhill, Mass., and someone who specializes in short sales, is generally happy with the changes, although she is equally skeptical that short sales are going to be done in a shorter amount of time. “I don’t see how they can do it. As it is now, I have a pretty fast return time on short sales,” says Johnson. “Under 60 days, which is considered a big deal because I’m working at it every day.”

But she likes the rules in general, and one that she particularly is pleased with is that the new short sale program “will give the homeowner money to move,” says Johnson. As in, each seller leaving their home will get $1,500.

“Most of the time, they don’t have any money to move,” laments Johnson. “Last week, I was literally posting on my Facebook page, asking for suggestions on where this single mom might move to. She had lost her house, had to sell it through a short sale, and once the offer was accepted, she needed to be out in two weeks. And it’s not like she was lazy about this. She’s a single mom with an infant and an 8-year-old boy and is going to school full time. And if she had gotten that $1,500, that would have been an enormous help to her. That could be the money you need for a down payment on an apartment.”

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Mar

30

Weekend Do-it-Yourself Projects

Spring is here at last, and like many other homeowners you may be looking for simple do-it-yourself projects to spruce up your home or to increase its value.

Keep reading to get ideas on a few weekend updates and upgrades that are sure to be worth your while.

We’ve all heard the term “curb appeal.” And that’s where our projects start today. Curb appeal is another way of saying your home’s “first impression.” It can affect your home’s value and saleability.

One easily overlooked element can be your driveway, sidewalks, and steps. Dirt, oil, and grime can darken and stain your concrete, giving it the appearance of being unkempt. This is not a first impression that sits well with buyers. But have no fear, there is a simple solution.

Power washing your concrete can be a great way to renew its look. You can rent a machine at your local Home Depot or local home improvement store. You could also buy one for use over and over again. Pressure “power” washers start for as low as $100.

Another concrete solution can be using stain. This is as simple as choosing the color, buying a gallon, and then rolling it onto your surface.

To prep your concrete, sweep the surface and then power wash or scrub it with soap and water.

Another great curb appeal booster is your front door. Many homeowners make the design mistake of picking a color that matches the house and recedes into the background. For just a few dollars and an hours work, you can make your front door noticeable and more welcoming. Consider selecting a bright or contrasting color. Red complements green hues, and blue complements orange hues.

Once you’re inside the house, a quick fix can be changing and updating light fixtures. Nothing says dated like track lighting. Safety first, however, so be sure to turn off the breaker before you start working with anything electrical. Next, take out any light bulbs in the fixture to avoid broken glass. And finally unbolt and unscrew plates and mounts.

Moving into the backyard we find the next weekend project. While it may not be the huge equity booster that many projects can be, it does add a different kind of value to your home life. What are we talking about? Vegetable gardens. According to Texas A&M, “Home gardening continues to grow in popularity. One of every three families does some type of home gardening, according to conservative estimates, with most gardens located in urban areas.”

It’s not only popular, it can help you save big when it comes to providing your family with organic or fresh produce.

To find out when to plant what and how, check out the National Gardening Association website at www.garden.org.

article by Carla L. Davis

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Mar

19

By Jean Patteson  

RISMEDIA, March 19, 2010”(MCT)”Want to sell your home? Get out the bucket, mop and Mr. Clean. The key to making a positive first impression is simple, said Sandra Rinomato, host of HGTV™s popular œProperty Virgins show.

œGet it clean, clean, clean, said Rinomato. œIf your house isn™t clean, it instantly sends up negative thoughts that the home is not well maintained. If your house is spotless, you™re ahead of the game, she said.

But don™t stop there, advised Rinomato. To increase your chances of making a sale, œstage the house to make it as attractive as possible. Until recently, œStaging meant pulling out all the stops”setting the dining table with your best china and crystal, arranging flowers, lighting candles, she said. œNow we take the minimalist approach. Basically, you want to strip the house to its bare essentials, depersonalize it so potential buyers can superimpose themselves and their lifestyle on the house.

Rinomato offered the following tips for staging a home:

1. Visit model homes and examine shelter magazines for inexpensive decorating ideas. Always keep in mind you are not decorating for yourself but for the general public.

2. Start with the outside. Give the house a fresh coat of paint, add shiny hardware to the front door and plant a few flowers to send a subliminal message the house is loved and well cared for.

3. Declutter every room to make it look larger. Get rid of family pictures, trophies and knickknacks. Closets and drawers should be no more than 30% full.

4. Invest in eco-friendly but bright lights. Open the drapes or remove them completely. œLight, bright rooms give the impression this is a happy place”and everyone wants to move into a happy place, said Rinomato.

5. Feature only a few pieces of furniture with mainstream appeal. Pull pieces away from walls to make rooms look bigger.

6. Make sure a room™s primary use is obvious. A bedroom should look like a bedroom, not an office, hobby center or gym.

7. Bedrooms and kitchens are difficult to stage because they are in daily use, but make the effort. Clear everything off the counters and nightstands, roll up the rugs and hide the laundry hamper. Buff the cabinets with car wax and clean under the sinks. Invest in pristine white bed linens and towels.

8. Minimize the œpet effect. Remove food bowls and litter boxes to the utility room. Deodorize thoroughly.

9. Organize the utility room and garage. Hang up the bicycles, roll up the hose. Renting a storage locker is worth the cost if it helps you sell faster and for a higher price.

10. Once your house is staged, invite your friends or Realtor over and walk them through to get an objective opinion.

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…expanded specialties to our already broad array of services offered!

Allison has recently earned the Texas Affordable Housing Specialist (TAHS) certification.   She is well versed, now more than ever,  in all the benefits being a Texan can have on your home purchase.    The Texas Affordable Housing Specialist certification equips her with the knowledge to help make the dream of homeownership a reality for more Texans.   The certification components focus on programs and alternatives that help make homeownership more affordable and sustainable for first-time, underserved, and at-risk market segments.

She has also earned the Short Sales and Foreclosure Resource (SFR) certification.   The ability to close short sales and foreclosures depends in part on having the confidence in seeing these transactions through.    The Short Sales and Foreclosure Resource certification gives  a framework for understanding how these deals work.   Allison can walk clients through the process every step of the way.

Allison is in the process of earning yet another certification.   At the end of the month, she will have earned the Seniors Real Estate Specialist (SRES ®) designation.   The Seniors Real Estate Specialist  designation trains REALTORS ® to ethically and profitably serve the real estate needs of clients over the age of 50.   Allison will be familiar with  the lifestyle needs of maturing clients as well as the services to offer them while earning their trust and respect.   She will be able to  explore ways to address key concerns facing today’s mature client population and help maturing clients take positive action in estate.

Please be assured that The Battenfield Team is your premier real estate resource.   Contact us for any information about buying, building, selling, and  leasing (houses & even apartments)!   We also take care of your referrals as if they were our own friends and family!

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Feb

25

Rates for 30-year home loans edged lower for the second straight week, mortgage finance company Freddie Mac said Thursday, but they remained above last year’s record lows. The average rate on a 30-year, fixed-rate mortgage was 4.93 percent this week, down from 4.97 percent a week earlier, Freddie Mac said. The average rate on 15-year, fixed-rate mortgages fell to 4.33 percent from 4.34 percent.

Rates on five-year, adjustable-rate mortgages averaged 4.12 percent, down from 4.19 percent a week earlier. Rates on one-year ARMs fell to 4.23 percent from 4.33 percent.

Thirty-year fixed rates dropped to a record low of 4.71 percent in early December, pushed down by an aggressive government campaign to reduce consumers’ borrowing costs. The Federal Reserve program to purchase as much as $1.25 trillion in mortgage-backed securities helped bring rates to historic lows as Congress and the Obama administration extended tax credits to some home buyers. The central bank is set to end the mortgage bond purchases next month, a shift that may spark higher borrowing costs, said Brad Hunter, chief economist at the real estate research firm Metrostudy.

“We expect that rates are going to go up,” Hunter said. “The first part of April, there could be a jump up.”

Borrowers can lower their interest rate by buying points. One point is equal to 1 percent of the total loan amount. The nationwide averages in Freddie Mac’s survey were 0.7 points for 30-year loans, 0.6 points for 15-year and one-year loans, and 0.5 points for five-year loans.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day, often in line with long-term Treasury bonds.

The Mortgage Bankers Association’s index of mortgage applications dropped 2.1 percent in the week ended Feb. 12. The refinancing gauge fell 1.2 percent and the purchase measure declined 4 percent.


Original article The Washington Post

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By STEVE BROWN / The Dallas Morning News

Dallas-area home prices moved solidly higher in the latest measure of the country’s housing market.   Dallas’ December home prices increased by 3 percent from a year earlier in the monthly Standard & Poor’s/Case-Shiller Home Price Index.  

It was the second month in a row that area home prices rose on an annual basis. Prices were up 1.4 percent in November’s Case-Shiller Dallas report – the first such gain in more than two years.   Overall prices fell by 3.1 percent in the 20 cities Case-Shiller tracks, indicating that much of the rest of the country still faces home market challenges.   “As measured by prices, the housing market is definitely in better shape than it was this time last year, as the pace of deterioration has stabilized for now,” S&P’s David Blitzer said in the report. “However, the rate of improvement seen during the summer of 2009 has not been sustained.”  
More than a dozen of the major U.S. housing markets had a year over year decline in home prices at the end of 2009, Case-Shiller found.   The biggest price drops were in Las Vegas, -20.6 percent, and Tampa, -11 percent.   San Francisco had the largest annual price gain in December – 4.8 percent – followed by Dallas and San Diego’s 2.7 percent increase.   Case-Shiller tracks the prices of typical single-family homes located in each metropolitan area. The index does not include condominiums and townhouses. It only covers preowned properties – no new construction.   The Case-Shiller researchers compare sales of specific properties over time.
Dallas-area home prices are still about 6 percent below their peak in mid 2007, according to Case-Shiller’s numbers.   Local real estate statistics show that median home sales prices in North Texas were unchanged in all of 2009 from 2008 levels, according to the North Texas Real Estate Information System.   Median prices fell by 3 percent in 2008 based on prices of homes sold by Realtors through the multiple listing service.

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A seasonal guide to home maintenance


(Money Magazine) — You know that your house needs regular upkeep in order to stay in good condition. Not only can little maintenance issues become expensive and turn into major repairs, but nowadays problems that boom-time buyers might have overlooked can be huge liabilities when it comes time to sell, says James Carey, author of “Home Maintenance for Dummies.” Good thing that most crucial maintenance tasks can be done just once a year at a certain time. Read on for the right dates to mark in your calendar.

____________________________________________________________________________

Winter

Clean the vents behind your dryer in the beginning of winter; you’re drying heavier clothes now, and they generate more lint. Clean vents will help your machine dry clothes more quickly, last longer, and you’ll lower the risk of fires. Hardware stores carry kits that can help.

Cost: $15 to $45.

Check your furnace filter once a month during the heating season for excess dust; you’ll want to change it once or twice a year so the unit operates more efficiently.

Cost: $8 to $20 each.

Make sure your sump pump is clean and operating properly before spring rains arrive. Lift the lever on the sump to make the float go up and wait for the motor to click on. If you have a battery backup, unplug the unit and test the pump again.

House seems cold? Remove and reinstall storm windows to make sure they fit properly.

Vacuum the refrigerator condenser coils — usually located on the bottom or on the back of the fridge. (Unplug it first, then use your vacuum’s brush attachment.)

Use your stuck-indoors time to knock off some annual fire prevention tasks. First, make sure your fire extinguishers haven’t passed their expiration date. Next, replace ground fault outlet circuit interrupters that aren’t working properly (when you hit the “Test” button the “Reset” should pop out; if it doesn’t, you can buy a new one at a hardware store).

Cost: less than $20 for a fire extinguisher and $10 to $12 for a circuit interrupter.

You need to change batteries ($6 for two nine-volt ones) in smoke detectors and carbon-monoxide alarms twice a year. An easy way to remember: Make the first switch on the same day you reset clocks to daylight saving time (March 14 this year), and again in mid-October. At the same time, test your smoke detectors; use a smoke-in-a-can product ($9) or blow out a candle underneath them.

___________________________________________________________________________________

Spring

Schedule an inspection and cleaning of your chimney once the heating season ends; that’s when many sweeps offer a discount. Also make sure to remove fireplace ashes to prevent moisture buildup, which can damage masonry.

Cost: $100 to $300, depending on the layout of your chimney.

Inspect your home’s exterior for loose siding or trim, cracks, and crumbling mortar caused by harsh winter weather, and examine your attic for any signs of leaks. If you’ve got siding, give it a wash using a garden hose and a solution of a third of a cup of laundry detergent per gallon of hot water. Work from the bottom up with a soft nylon brush (top down can cause stains).

Now that you can see your lawn again, cut down the thatch, or the layer of dead grass. If the thatch is more than half an inch thick, it can hurt your soil and encourage pests. You can hire a professional to de-thatch for about $30 to $100; if you want to do it yourself, rent a power thatcher and see instructions at garden.org.

Cost: $65 a day for a power thatcher.

Wash and treat wood decks to prevent cracking before barbecue season arrives.

Cost: about $50 to $75 for five gallons of sealer.

Make an appointment to get your air-conditioning system professionally inspected and adjusted before the temperature hits 80 °.

Cost: $75 to $175 per year for an HVAC service contract.

Before watering season, check pop-up sprinkler systems for leaks or clogs and be sure the spray isn’t going where it shouldn’t.

Termites and ants enjoy getting out in the spring weather too. Get your home professionally checked for pests before they have a chance to create structural damage.

Cost: about $75 to $100 for an average-size home.

___________________________________________________________________________________

Summer

Inspect your roof. Grab some binoculars and look for loose shingles, mold, mildew, or cracked chimney mortar. Catch problems early and you may avoid spending $2,000 to $12,000 (and up) for a roof replacement. See extensive damage? Get estimates for roof-replacement costs in your area at myremodelingproject.com.

Faulty garage doors cause tens of thousands of injuries every year. If something is in the path of the electronic beam sensor, the door shouldn’t close. To test, wave a broom across the beam while the door is in motion.

Check the caulking around tubs, showers, toilets, and sinks to make sure moisture can’t penetrate. If the caulking is black, that means mildew has gotten below it — replace it right away or risk water damage to the floor beneath.

Dog days of summer? Your heating system can take a break in the off-season, so drain and refill your water heater to remove sediment. While you’re at it, test the heater’s pressure valve (designed to let out steam and prevent overheating during times of heavy use) according to the manufacturer’s instructions.

Replace the filter on your central air-conditioning system monthly to make it more efficient.

Cost: $4 to $15 each; buy a bunch so you always have extras on hand.

____________________________________________________________________________________

Fall

Check your attic for holes or thin spots in the insulation, and make sure the caulking around doors and windows doesn’t leak. Keep in mind that your attic should be only 5 ° to 10 ° warmer than the outside air; any hotter and you could develop ice dams on your roof, which can cause water leaks (find out how much insulation is recommended for your area at energy.gov/insulationairsealing). Bonus: A well-insulated attic, ceilings, and walls can lower your energy bills by 30%.

Take down garden hoses, drain and store, and put insulation around spouts.

Check and clean gutters to keep them free of debris. If you have a lot of trees on your property, install a product like the Gutter-Brush guard (gutterbrush.com) to keep leaves and flotsam from accumulating.

Cost: $200 to $400 for a 2,000-square-foot home.

Want healthy spring grass? Aerate your lawn by removing little plugs in the soil.

Cost: $75 to $150 a day to rent an aerating machine, so go in with a neighbor (or two).

Prune and cut back trees once they’ve dropped their leaves, so the branches don’t scratch your home’s siding.

SOURCES: Chimney Safety Institute of America; Consumer Product Safety Commission; James Carey; Home Care Maintenance Services, Lansdale, Pa.; National Association of Home Builders; National Association of Home Inspectors; National Center for Healthy Housing; National Gardening Association; National Pest Management Association; Paul Hayman, author of The Idiot’s Guide to Common Household Disasters; Plumbing-Heating-Cooling Contractors Association; U.S. Energy Department

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