6 Winter Plumbing Problems That Are Sure To Wreak Havoc on Your Home—and Wallet

 
 

Winter brings major cold spells to many parts of the country, and frigid weather often puts your plumbing system at risk.

When the mercury dips below 32 degrees Fahrenheit, uninsulated pipes can freeze and burst. Plus, those freezing temps mean your water heater is working extra hard to supply your home.

That’s why it’s crucial to prepare your plumbing system for the season.

“Some other common issues we see during winter are exterior faucets freezing, clogged drains due to increased use during the holidays, and frozen well pumps,” says Doyle James, president of Mr. Rooter Plumbing.

Let’s take a closer look at the winter plumbing issues that plague homeowners so you can be prepared before the holiday season. After all, the last thing you want is to have your holiday guests knocking on your neighbors’ door in the middle of the night to use their bathroom.

1. Leaks in the sprinkler or irrigation system

Homeowners should winterize their irrigation system before winter sets in.

A home’s irrigation system is a part of the system that delivers fresh water to the home, which means all plumbing pipes and fixtures are a part of this system. That includes your sprinklers and other irrigation equipment.

“This involves removing all the water that is contained in your irrigation piping,” says Travis Sewell, licensed plumber and field consultant for bluefrog Plumbing + Drain. “This precaution depressurizes your irrigation system, which lowers your risk of the irrigation system freezing to almost zero.”

2. Leaks in outdoor faucets or hose bibs

Hose bibs are the small taps on the outside of your home that are used to attach a garden hose for outdoor maintenance tasks. They are very likely to freeze and cause future damage if they’re not insulated properly.

“Cover every outdoor faucet with an insulated cover,” says Sewell. “Also, make sure you remove all hoses from your hose bibs.”

3. Lack of insulation on waterlines

Your exposed waterlines have a higher likelihood of freezing and bursting, so be sure to protect them.

“It is important to make sure all your waterlines are insulated, especially waterlines in areas of the home that lack insulation, like your garage and attic,” says Sewell.

Water heaters, water softeners, and water filtration systems are often located in uninsulated areas.

4. Frozen pipes that lead to pipe breaks

Are you about to experience several days of below-zero temperatures? Don’t let your pipes freeze.

“Water expands when it freezes and can break or burst a plumbing line,” says James. “The broken plumbing line can cause severe flooding in the home.”

During freezing weather, drip the faucets and open the cabinet doors to allow warm air to reach the pipes. A proactive solution to prevent frozen pipes is to use heat trace cables, which are wires that are powered by electricity and wrapped around waterlines.

“This system is normally installed on your main water service line where it enters the structure,” says Sewell.

5. Frozen well pumps

In frigid weather, well pumps can freeze, keeping homes from receiving water.

“Place well pumps in well-insulated, heated areas to prevent freezing,” says James. “Add insulation around supply lines to further help reduce the chance of freezing of the lines.”

6. Clogged indoor and outdoor drains

Over the holiday season, you’ll likely be spending more time than ever cooking in the kitchen. Just be sure you’re not jeopardizing the effectiveness of your sink drain.

“Putting the wrong things down the kitchen sink can cause clogs to occur very quickly,” says James. “Some things you never want to put down garbage disposals are grease, eggshells, coffee grounds, and vegetable peels.“

James also advises running cold water down the disposal for about 30 seconds to flush food particles.

Your outdoor storm drains will also need some attention especially when there is snow or ice accumulation.

“Cleaning up debris from the yard, like leaves and small branches, will help prevent clogs in storm drains,” says James.

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What’s Ahead for Mortgage Rates and Home Prices?

 
 

Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home.

Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best move possible.

Mortgage Rates Will Continue To Respond to Inflation

There’s no doubt mortgage rates have skyrocketed this year as the market responded to high inflation. The increases we’ve seen were fast and dramatic, and the average 30-year fixed mortgage rate even surpassed 7% at the end of last month. In fact, it’s the first time they’ve risen this high in over 20 years (see graph below):

 
 

In their latest quarterly report, Freddie Mac explains just how fast the climb in rates has been:

“Just one year ago, rates were under 3%. This means that while mortgage rates are not as high as they were in the 80’s, they have more than doubled in the past year. Mortgage rates have never doubled in a year before.

Because we’re in unprecedented territory, it’s hard to say with certainty where mortgage rates will go from here. Projecting the future of mortgage rates is far from an exact science, but experts do agree that, moving forward, mortgage rates will continue to respond to inflation. If inflation stays high, mortgage rates likely will too.

Home Price Changes Will Vary by Market

As buyer demand has eased this year in response to those higher mortgage rates, home prices have moderated in many markets too. In terms of the forecast for next year, expert projections are mixed. The general consensus is home price appreciation will vary by local market, with more significant changes happening in overheated areas. As Mark Fleming, Chief Economist at First American, says:

“House price appreciation has slowed in all 50 markets we track, but the deceleration is generally more dramatic in areas that experienced the strongest peak appreciation rates.

Basically, some areas may still see slight price growth while others may see slight price declines. It all depends on other factors at play in that local market, like the balance between supply and demand. This may be why experts are divided on their latest national forecasts (see graph below):

 
 

Bottom Line

If you want to know what’s happening with home prices or mortgage rates, reach out to a trusted real estate professional for the latest on what experts are saying and what that means for your local area.

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Morehead City awarded $8.3 million for housing development

 
 

The availability of affordable housing in Morehead City will soon receive a boost thanks in part to a sizable funding contribution from the N.C. Office of Recovery and Resiliency.

The town will receive $8.3 million in federal funding that is earmarked for the creation of multifamily housing rehabilitation and construction outside of Morehead City's 100-year floodplain.

Eligible counties include those that were federally determined to be “most impacted and distressed” due to Hurricane Matthew and Hurricane Florence.

According to a press release from North Carolina Department of Public Safety, the town plans to use these funds to build Elijah’s Landing Apartments, a 168-unit multifamily development on approximately 12 acres in the central business corridor of the city.

The project will also be funded by $13.2 million through the 4% Low Income Housing Tax Credit program facilitated by CAHEC Capital Equity and a HUD multifamily loan of $14.2 million.

A third round of funding is planned for 2023 and will support other types of affordable housing projects in storm-impacted areas.

“Rebuilding smarter and stronger includes providing safe, affordable housing to meet the needs of North Carolina families,” said Gov. Roy Cooper. “By leveraging these federal dollars through local partnerships, we’re increasing community resilience for future storms while ensuring our state is better prepared for climate change impacts.”

The development will include one, two and three-bedroom affordable housing units built by East Carolina Community Development Inc.

Morehead City is one of three North Carolina municipalities to receive the funding.

Other grant recipients include Greenville, which will use its portion of the money to build a 180-unit affordable housing development. The project also will include 18 units to be used as transitional housing for populations with a greater risk of homelessness. The development includes an investment of $31.6 million. Of that amount, $1 million is from federal HOME funding and $5 million will come from the Affordable Housing Development Fund.

The third recipient is Wilmington, which has plans to develop a multifamily community with 278 units. Wilmington will use $3.5 million in American Rescue Plan funding toward the affordable housing project and $1.89 million in ARPA funds. A $9 million contribution from the N.C. Office of Recovery and Resiliency will make up the rest of the project's funding.

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5 Ways to Increase Your Home’s Value

 
 

There are many reasons why one may want to increase the value of their home.

Perhaps you want to sell your home and downsize, or maybe you want to make home additions or improve its efficiency. Regardless of the reason, there are many ways to increase the value of your home. In this post, we will help you learn proven ways to consider if you want to increase your house's value.

Give It Some Fresh Paint
One of the easiest yet effective ways of increasing the value of your home is by giving it a fresh coat of paint. The good thing about painting is that it doesn't require a high budget or time. If you are a DIY enthusiast, all you'll need is paint and a brush. However, there are some situations where you'll need the input of a professional. For example, if you want to paint an extension or a room that is not accessible. Also, ensure you select colors that make bold statements and complement your home's architecture.

Build an In-Ground Pool
In-ground pools have become a growing trend over the past years. It is also one of the fastest ways to increase your home's value. Although it will require substantial money and time, they unconsciously trigger a sense of relaxation. There are different types of pools you can consider. To get the most suitable and cost-effective, feel free to contact a professional fiberglass pool builder.

Upgrade to Energy Efficient Appliances
Installing energy-efficient appliances can greatly improve your home's value. Therefore, focus on projects that lower the cost of energy bills. For example, consider installing central air conditioners, which can significantly decrease the cost of your energy bills. Also, you can replace the old, leaky windows with energy-efficient ones.

Give the Kitchen Updated Look
The kitchen is ultimately the central feature of any home. Therefore, if it has outdated components, it will definitely impact your overall home value. As such, upgrading the kitchen will help you increase your house value as fast as possible. Whether installing a new cooker or replacing the old tired countertops, updating your kitchen ensures it looks contemporary and helps keep up with the latest trends.

Work on Your Landscape
Improving your landscape also means improving your home's value. There are a lot of things you can work on in the landscape, but it depends on what fits best for your home. First, you can consider fencing your compound in case it lacks one. Also, you can consider adding up a garden, planting some flowers in the yard and trimming up your bushes. Also, don't forget to add a deck or a patio that's well-lit.

Final Thought
Whether you want to sell your home fast or make it more appealing, applying these tips will help you do just that. As such, we encourage you to take some time out and contemplate the ideas above and apply what you consider relevant.

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Are Luxury ADUs the House Hack This Tight Economy Needs?

 
 

Who would want to live in a tiny home in their parents’ backyard? As it turns out, a lot of people.

The writer, director, and millennial antihero recently opened the doors of her newly built 1.5-bedroom forever home to Architectural Digest. The twist? It’s situated 10 feet behind her parents’ house in Connecticut.

For the uninitiated, Dunham is a married 36-year-old woman who created HBO’s “Girls,” one of the most successful TV shows of her generation. She has made the Time 100 list of most influential people in the world and considers Taylor Swift a close personal friend. She could presumably live just about anywhere, but she opted to move into an accessory dwelling unit on her parents’ New England compound.

With distinctive design and sumptuous details just a stone’s throw away from Mom and Dad’s lasagna, laundry services, and warm hugs, it’s easy to see why someone like Dunham would love to live here. But what about the rest of us?

For young would-be homebuyers who don’t mind sharing a yard with their family, is designing and living in an ADU the next hot housing trend? And—perhaps more timely—is multigenerational living a solution to the current real estate affordability problem?

The rise of ADUs for ‘normal’ people

Few of us have Dunham’s budget or access to the kind of architects and designers who could make a pencil box feel roomy and look chic. But the average person can also make an ADU a lovely space to be.

“You definitely don’t need to be rich to build and design a luxury ADU,” says Ryan Fitzgerald, owner of UpHomes in Charlotte, NC.

You just need to approach the ADU as you would a regular home, just on a smaller scale, he explains.

In other words: Choose the best materials, craftsmanship, and design that you can reasonably afford.

In many ways, the rise of ADUs is a win for both younger people in need of an affordable home—and their parents.

“The skyrocketing cost of housing has sparked a national housing crisis,” says Kerry Sherin, consumer advocate at Ownerly in Myrtle Beach, SC. “Rents are rising, so millennials are looking for long-term and affordable housing. ADUs can be a better investment than renting—and an investment that appreciates, not just in value, but in long-term utility.

“For both parents and their millennial children, there’s no reason not to consider adding an ADU to their property,” says Sherin.

Where are ADUs being built, and what does it entail?

ADUs are on the rise everywhere, but more than half of the estimated 1.4 million ADUs in the U.S. are in California, Florida, Texas, and Georgia, according to Freddie Mac. The metro areas with double-digit ADU growth include Seattle, Los Angeles, and Miami.

Rules vary from state to state and town to town, but you will definitely need a permit before you can begin construction.

“ADUs may be subject to specific rules in your city or county, such as height restrictions. You will need to show detailed plans drawn to scale for your project,” says Sherin. “An architect or ADU designer may be able to help you figure out what permits you need and prepare your application. Depending on your jurisdiction, you may also need electrical, plumbing, and mechanical permits.”

Size rules will vary. too. In California, the minimum space requirement is 150 feet, and the average cost to construct one is $150,000, or $250 per square foot, according to a report from the Terner Center for Housing Innovation at the University of California, Berkeley.

“ADUs can cost anywhere up to $400,000,” says Sherin. “The cost depends on the area where you live and the size of the ADU you want. ADU construction costs can reach $350,000 to $390,000 in the San Francisco Bay Area.”

When it comes to the cost of interior design, it’s going to depend on the materials. If you’re going the way of Dunham and building your dream home, it may be worthwhile to invest in high-quality appliances and furnishings.

ADU in spirit, if not in fact

If zoning restrictions or the realities of your property’s layout prevent the construction of an ADU, there are still plenty of options.

“With current housing market conditions, we will see more and more multigenerational living,” says Denise Supplee, a licensed real estate agent in Philadelphia and the founder of SparkRental.com. “I have already been seeing it in my market area of Philadelphia and the suburbs.”

However, Supplee acknowledges that adding or converting a building on a property to be used as a separate living quarter can be tricky in any area, especially urban and suburban neighborhoods.

In situations like that, where there is still a need for a separate living space, Supplee suggests converting a basement or garage, where having a different entry is still possible.

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