Why You Should Hire a Plumber After Moving to an Old House

 
 

Moving to an old house can cause some serious headaches and disruptions.

Your furniture might shift, your dishwasher might stop working correctly, and you might find yourself living with a leaking water line. With all the repairs you need to take care of while still trying to make a normal life in your new place, it's easy to get overwhelmed with the task. Hiring a plumber seems like a real luxury since you're already stretched thin by all your other home repairs. But if you want to be able to relax in your new house and enjoy it, as opposed to being frustrated with it, hiring a plumber is definitely worth the cost. 

An Old House Needs Special Attention
An old house needs special attention. It's built differently than a new one and has been used for far longer. In short, all of your plumbing is older than it was when it was first installed. That's both a good thing and a bad thing. Good because you should be able to make the most of your plumbing systems by adding modern updates with new technology and appliances. Bad because you can't just hire a handyperson to come in and fix your plumbing for you because it needs someone that knows what they're doing. Often, old houses will have pipes that aren't up to code. They might be too small or might lead to the wrong places. Either way, you're going to run into problems eventually, so it's best to know how serious they are when they happen instead of just waiting for them.

Professional Plumbers Have the Experience You Need
Professional plumbers have the experience you need. There's no way around it. An old house contains older plumbing, and that can lead to a host of complications that can be solved by someone who has experience dealing with older systems. Maybe your drain is clogged because the pipes underneath your bathroom sink are too small for all the hair being washed down. Or maybe your dishwasher is broken because there isn't a proper vent in place, leading to an overflow during a power outage. A company like Spartan Plumbing and Services has the experience you need to fix any problem. 

Special Plumbing Requirements
If you have an old house, it probably has the bonus of being historic. That means it's especially important to be in top condition since you want people to come and see how well you've kept it! But if you ignore your plumbing, your house won't look great. That's because old houses were built before the era of modern convenience. For example, they don't have an automatic water heater and don't have central air. These things were invented to meet one major problem: high heating and cooling costs. If you want to save money on your utilities, it's best to use a plumber to create a system that will meet your needs.

If you want to enjoy the house you bought, it's wise to look at your plumbing. Taking care of that work yourself can be reasonable, but using someone with much more experience can do more for your pocketbook and make you more relaxed in your new home.

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Google searches for “sell my house” explode

 
 

It looks like inventory is about to get a boost.

An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome.

This comes as Americans face rising property and rent costs, with fears of a recession looming.

The analysis reveals that searches for ‘sell my house’ more than doubled within the past month, a huge increase in Americans looking to sell their property, according to Google search data analysis. The data also reveals that searches for ‘sell my house for cash’ are also at an all-time high.   

This comes at a time where the U.S. housing market sees mortgage rates doubling from this time last year (5.5% up from 2.8%), and, according to Zillow, the average house price in America is up 20.7% on last year at $350,000.

The top ten states searching to sell their house the most are:

  1. Mississippi

  2. Connecticut

  3. Virginia

  4. Wyoming

  5. Florida

  6. Iowa

  7. New Mexico

  8. North Carolina

  9. New York

  10. Kentucky

“With the rate of inflation skyrocketing in recent years, the value of a house has increased massively, meaning homeowners and sellers are in a prime position to reap the benefits, especially with any money left over from selling a property being able to help towards the growing costs of everyday items,” said a RubyHome spokesperson.

They added, “With Zillow’s report that the average house price in America has risen 20.7% from last year, it is clear to see why Americans are tempted to sell at this time.  However, with affordable housing becoming increasingly challenging to come across throughout America, it will be interesting to see if these figures translate into actual sales and what this may mean for the housing market.” 

Keep reading on Real Trends.

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A 'housing recession' won't bring home prices down, economist says

 
 

Despite talk of a "housing recession," don't hold your breath waiting for home prices to suddenly decline any time soon. In fact, prices are expected to grow through 2023, according to several housing forecasts.

The market does seem to be cooling, however. With higher mortgage costs, U.S. home sales are down over 20% from a year ago. And last month, the median price for an existing home in the U.S. dropped from a record high of $413,800 to $403,800, according to the National Association of Realtors (NAR).

But considering that median home prices have soared by nearly 36% since the pandemic began, a one-month price reduction of around 2.4% can be seen as more of a market adjustment than a significant decline in value. 

Housing prices are still expected to be up 11% for 2022, followed by 2% in 2023, according to NAR's most recent forecast. This follows similar forecasts by Freddie Mac, Fannie Mae and Zillow, which predict positive — albeit slowing — price growth in 2022 and 2023.

And despite the decelerating price growth, median home prices are still up 10.8% from a year ago, according to NAR's data. For context, median home prices have risen by roughly 4.5% a year since 1992, according to Federal Housing Finance Agency data.

“This isn't a recession in home prices. A price decline on a nationwide basis is unlikely.” -Lawrence Yun

"This isn't a recession in home prices," says Lawrence Yun, NAR's chief economist. "A price decline on a nationwide basis is unlikely."

That's because demand for homes remains strong, primarily due to strong employment numbers and an "inadequate" supply of homes.

However, for some local markets that experienced extraordinary price growth in the last couple of years — like in California — a decline in price is possible, says Yun. But "those price drops will be very short in duration," because decreases will be viewed as "a second chance opportunity" by buyers who were previously priced out of the market.

This already seems to be happening in some real estate markets where prices surged during the pandemic. In July, San Jose home prices declined by 4.5%, Phoenix by 2.8%, San Francisco by 2.8% and Austin by 2.7%, according to the latest data provided by Zillow.

That said, "there's nothing to suggest prices will decline in more affordable markets," says Yun. Of course, forecasts don't account for unforeseen events, like geopolitical conflicts or worsening supply chain issues, he adds.

It's possible that home prices could decrease, but "with stabilizing mortgage rates, and some job creation, home prices should also stabilize," Yun says.

Keep reading on CNBC.

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Vail Area Real Estate Market Report from August 2022

 
 

Vail Area Market Report for August 2022.


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Just Listed: Renovated, Detached Carriage House in Downtown Salida

 

Own a little slice of Historic Downtown Salida!!!

The location can't be beat with a uniqueness and coolness factor that is off the charts!!! Renovated, detached carriage house (Nobody above and body below) with loft bedroom and exposed brick walls. There is a large shared private courtyard with plenty of space for grilling and entertaining. There is also a large covered shared bike storage space in the fenced, private courtyard with lots of seating areas. Views of S Mountain!! The interior boasts a TON of natural lighting, 15 foot ceilings in the main living area and an open layout allows for a larger living feeling! Only minutes to Monarch Spur Trail and one block to the Arkansas river and top level hiking, biking and gravel trails on and around Tenderfoot Mountain.

Listed by Michael Hanayik for West + Main Homes. Please contact Michael for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(720) 903-2912
hello@westandmainhomes.com

Presented by:
Michael Hanayik
(303) 667-2929
milehimike@westandmainhomes.com


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