Hey y’all! I hope you are all staying safe. I haven’t been in the best mood as the stay at home orders mean that I can’t get together with the band for jam sessions. No concerts or gatherings either. So this is a guest post from my real estate expert friend!
As of this year, the CDC has confirmed almost one million cases of Americans infected with the COVID-19 virus. Unfortunately, tens of thousands of Americans have died as a result of this pandemic virus. No matter where we look, we see that we are in the middle of a crisis that will be recorded in history. What does this suggest for those wishing to sell or buy a home in the middle of a pandemic?
This article discusses some real market estate trends to look out for in this new decade.
Some cities will notice an increase in home prices. The median home value has gone beyond pre-recession peaks. It is now greater it has ever been within the last decade. Hence, major cities may be out of the price range of today’s millennial buyer segment, which is is a substantial part of the makeup. Most will forgo the expensive options of living in major cities and opt for more affordable options in the suburbs.
Interest rates are projected to stay low. Economic improvements remain to be seen. However, if so, the federal government may raise interest rates to meet inflation, as they have in recent years. Therefore, prices for consumer goods may also increase. The national rate of appreciation is anticipated to increase along with home valuations over the following twelve months. We may see that homes will appreciate at a rate that is a bit more reasonable than in previous years. However, the economics of supply and demand will inevitably test the market and apply pressure.
When it comes to buying a house, homeowners should definitely consider a termite and pest inspection.
Importance of Conducting a Termite Inspection before Buying a Home
A termite inspection can determine if there is any structural damage from termites or other pests. The inspector will disclose any problems they discover. The future homeowner will then know what type of maintenance they may need as the home’s future owner.
Moving to a new home can feel like a beautiful dream, and that’s why it is crucial to ensure that it doesn’t turn out to be an unexpected nightmare. Without a termite inspection, a homeowner may overlook serious structural damage and issues, which will cost them more down the road.
A termite inspection can take anywhere between thirty minutes to hours depending on the home’s size and crawl space, basement, or additional areas. The inspector will check the home’s exterior and interior surfaces for any signs of infestation, damage, or other areas that might be prone to termites.
The termite inspector may suggest frequent termite control to keep the critters at bay, especially if they were discovered during a termite inspection. You can give Grand Oaks Termite Control a call today.
Grand Oaks Termite Control 110 S Worthy Dr, Glendora, CA 91741, United States
Many of you who know me through reading my blog know that us rock ‘n’ roll dudes don’t mince words. We like to scream our discontents into a mic and smash everything on stage.
So allow me to get morbid today and tell you the scary truth about your home. It’s my way of showing you tough love and potentially saving you from a disaster…
Most people are not aware that termite colonies can chew through the flooring, wood, and even wallpaper undetected. The sneaky behavior of termites has given them the nickname silent destroyers. That’s because homeowners do not often realize there is a problem until it’s too late. Just like the current coronavirus pandemic, it can spread even without people knowing it. It is a silent killer.
What is a termite?
Termites cause over five billion dollars in property damages in the United States that are usually not covered by homeowner’s insurance.
Termites are considered social insects, which means they live in clusters. A home’s structure becomes infested when these pests settle. However, different types of termites need different things.
Once termites are inside, they are a significant threat. Their munching can compromise the structural integrity of a home from the inside and out.
For instance, subterranean termites seek the flourishing of a moisture source. They will either use moisture they find from condensation or leaks or go into the ground and carry the moisture back.
On the other hand, dry wood termites don’t need any extra moisture and will attack solid wood. They can build colonies with little or no connection to the ground. These termites are often seen in Hawaii, southern California, Arizona, the southern parts of Gulf Coast states, and south Florida.
How does termite infestation happen?
Winter weather can leave many homes prone to moisture accumulation and damage. Termites are pros at locating and capitalizing on such opportunities.
Termites need food, as all living creatures do. Many termites in North America feed on drywall coverings, furniture, boxes, books, and wood. They continuously forage and have been seen to travel over one hundred feet away from their colony.
Infestation can happen in two ways. Healthy colonies fly and reproduce to begin new colonies. They also start a colony when they find the right area to feast. Subterranean termites begin their infestation by looking for food and finding their way into a structure.
Protect your home from termites
Many individuals treat their house as a home and investment. As such, termite infestation and damage can be extremely devastating. Likewise, termite infestation in a commercial establishment can be just as terrible.
Unfortunately, homeowner’s insurance habitually excludes termite damage, as insurance will not pay for repairs or treatment. That’s why many infestations may go unreported. Often, these infestations go unnoticed until massive damage is done to a structure. Hence, proactive termite inspection and termite extermination treatments are the best ways to safeguard property and lower the possibility of costly repairs.
If a termite infestation is detected, it is crucial to call licensed pest control specialist Natural Science Exterminating in Garden Grove, Orange County. You can give them a call to assess the damage and book an appointment for them to provide the best treatment plan.
Natural Science Exterminating 11642 Knott Ave, Garden Grove, CA 92841, United States