Showing posts with label home. Show all posts
Showing posts with label home. Show all posts

Saturday

The 3 Things To Look For Before Buying A Property For Airbnb

Real estate investing is a very popular way to make money, especially since it's so resilient when a bad economy exists.

A great way to invest is to buy cheap properties and rent them out.

Instead of looking for tenants and dealing with leases, renting out on Airbnb is a great way to make money.

The 3 Things To Look For Before Buying A Property For Airbnb: eAskme
The 3 Things To Look For Before Buying A Property For Airbnb: eAskme

Many people are doing this instead of becoming landlords.

However, buying a property to rent out on Airbnb is not the same as buying one to rent out to long-term renters.

It takes a bit more understanding of how the system works to make money from it. When it does work, it can make a lot of money.

In this article, we will go over what it takes to invest in an Airbnb property.

1 - Pick the right location:

Location is important for any real estate investment, but the factors that make a location ideal differ for Airbnb.

It's important if you are looking at real estate in VA, for example, to pick an area with short-term renters rather than people looking to rent long-term.

The key is to look at two different types of areas. One is to buy where there are points of interest for tourists and travelers.

If the area attracts a lot of tourists, then you will be able to get lots of bookings. The other is to focus on an area where there is a good amount of business travelers to the area.

Stay away from suburbs where there is not much to attract people looking for an interesting experience as the needs of the people there are not what you are offering.

People opt to stay in an Airbnb over a hotel so treat it the way a hotel owner would and only focus on where you will get nightly or weekly bookings.

2 - Buy the right type of property:

The type of property factors highly into how often it will be booked.

This is because you have to understand the needs of the type of traveler a particular area attracts and buy the property that best suits them.

For instance, a big house will not get booked much if the area attracts backpackers doing budget travel.

On the other hand, if you have a small studio that fits their budget, it will be solidly booked all the time.

3 - Price it appropriately:

Unfortunately, you will not be making as much money as you should if you don't price your property correctly.

Pricing too low will leave money on the table since people would be willing to pay more if you let them.

Pricing it too high will result in fewer bookings because they have cheaper options.

Finding the sweet spot in price will come after researching the area properly.

Take some time to see what other owners are charging for the same property type in the area.

Still have any question, do share via comments.

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Thursday

How to Identify if Your Home Insurance Includes Flood Insurance?

My home insurance policy automatically includes flood because I live in a certain area. However, this is not always the case.

It's important to identify if my policy does include flood insurance, and if it doesn't, to determine if I need it.

How to Identify if Your Home Insurance Includes Flood Insurance?: eAskme
How to Identify if Your Home Insurance Includes Flood Insurance?: eAskme

In some cases, adding flood insurance may be more affordable than paying out of pocket for damages caused by a flood.

How to Identify if Your Home Insurance Includes Flood Insurance?

Here are five ways to tell if my home insurance includes flood coverage.

1. Check The Declarations Page of my Policy:

The declarations page is the first page of my insurance policy, including my name and address, the insurance company's contact information, the policy period, and the amount of coverage.

If I am unsure where to find this page, I can always call my insurance company, and they'll be able to help me out.

Once I have located the page, I look to see if there's any mention of flood insurance.

I do not have flood insurance if it's not listed as a covered peril.

2. Check for an Exclusion of Coverage for Flooding:

Even if flood insurance isn't specifically mentioned on the declarations page, it's still possible that my policy includes coverage.

To check, I look for exclusion of coverage for flooding.

This will usually be listed under "Exclusions" or "What's Not Covered."

If I can't find this information on my own, again, my insurance company will be able to help me out.

If there is an exclusion for flooding, my home insurance policy does NOT include flood insurance.

3. Contact the Agent or Broker

If I am still unsure whether or not my home insurance policy includes flood insurance coverage, the best thing to do is to contact my agent or broker.

They'll be able to tell you definitively whether or not I am covered.

And if I am not covered, they can help me get the coverage I need to protect your home in the event of a flood.

4. Standard Home Policies Do Not Cover Flooding:

It's important to remember that standard home policies do not cover flooding.

So, if I do not have flood insurance and flood damage to my home, I will not be able to file a claim with my home insurance company.

I would need to pay out of pocket to repair the damage, which can be very costly.

5. Know What Kind of Flooding Is Covered:

Some policies may only cover certain types of flooding, such as water damage from a burst pipe.

Others may only cover damage from floods resulting from natural disasters like hurricanes or tsunamis.

I check with my insurer to find exactly what types of flooding are covered by my policy.

6. Review My Policy Documents:

Reviewing my policy documents is the best way to know whether or not my home insurance includes flood insurance.

I look for references to 'flood' or 'surface water'.

If I am still unsure, I contact my insurance provider and ask them directly.

It's always better to be safe than sorry, so it's worth checking even if I think my home insurance might not cover floods.

Conclusion:

It's important to know whether or not my home insurance policy includes flood insurance coverage.

In some cases, adding flood insurance may be more affordable than paying out of pocket for damages caused by a flood.

By following the tips listed above, I can easily determine if my home is already covered or if I need to purchase additional coverage.

Still have any question, do share via comments.

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How to Use HVAC Thermostats to Keep Your Home Comfortable All Year Round?

HVAC thermostats allow homeowners to control the temperature settings of the air in their homes or offices by manually or automatically controlling the temperature settings of the air-conditioning, heating, and ventilation units.

No matter how energy-efficient your HVAC equipment may be, thermostat settings are crucial to making sure you're getting the most from your system and that it's keeping your home or business comfortable throughout the seasons. 

There are plenty of factors to remember when deciding on your ideal thermostat settings.

How to Use HVAC Thermostats to Keep Your Home Comfortable All Year Round?: eAskme
How to Use HVAC Thermostats to Keep Your Home Comfortable All Year Round?: eAskme

HVAC devices help ensure your heating and cooling systems are working properly and can save you money on energy bills when used correctly.

If you're unfamiliar with thermostats for HVAC or their benefits, here's everything you need to know about choosing and setting up an HVAC thermostat.

Benefits of  HVAC Thermostat:

HVAC Thermostats are an efficient way of managing your home's heating and cooling.

They offer a range of options for you to choose from, so you can decide which one is the best fit for your family.

Plus, they come with various features that make it easy for anyone to use them - no matter how much experience they have with thermostat technology.

Below are the advantages of using HVAC thermostats:

Automation, comfort, and cost-effectiveness there were only two choices available to you before HVAC thermostats: pay to heat or cool your home while you are away, or come home to an uncomfortable temperature to save money.

Thanks to programmable thermostats, you can do the work yourself without giving it a second thought—no more adjusting during the day.

Offers Reliable Accuracy:

With the help of HVAC thermostats, you can precisely control the temperature where you want it to be. This is crucial because every degree might result in a 1-2% reduction in your utility costs.

According to the ACCA, manual thermostats can cause temperature variations of up to five degrees, while programmable thermostats only have variations of up to half a degree.

Maintains a Stable Temperature:

The HVAC thermostat can also operate continuously, keeping your house at the ideal temperature while operating by your specific schedule.

Improves the Efficiency of Your Home:

Your home becomes immediately more energy-efficient across all seasons when you install an HVAC thermostat.

More effective use of resources will result in longer-lasting systems and appliances if you have a more efficient home.

Reduces Costs Through Zoning:

Zoning systems allow you to control the temperature in different parts of your house by dividing it into zones with comparable air-conditioning needs.

Your expenditures will be reduced even further if you use this method with a programmable thermostat to automate the thermostats in each zone.

How do they Save energy?

Using the right thermostat is the best way to save money on your utility bill.

An HVAC thermostat will automatically turn off when no one's home or at night, saving you up to 15% on your monthly heating and cooling bill.

It also allows you to set different temperatures for different times of day, like 72 degrees in the morning and 73 at night.

These thermostats are beneficial if someone in your household always leaves doors open or if several people need a specific temperature at different times throughout the day.

They're also great for summer because they use less energy than non-programmable thermostats.

How do HVAC Thermostats Save Money?

Johnson Controls thermostats can save money in many ways.

For example, they can help you keep your energy bills down by providing accurate temperature readings throughout your home.

In addition, they also have several features that make it possible for you to control your heating and cooling systems remotely.

All this means you will spend less on your utilities because you don't need to pay for unnecessary heating or cooling.

What Features Should I Look For?

There are many important features to look for when shopping for a thermostat.

For example, consider the size of your home and how much you plan on saving with each degree you change the temperature.

Also, think about whether or not you want a programmable thermostat because this will allow you to set it and forget it.

A digital thermostat is also necessary if you don't want any physical buttons on your wall.

  • Siemens Thermostats will be a great option if you're looking for a thermostat that is easy to use and has a sleek design.
  • Honeywell Thermostats would be better for someone who needs something compatible with most heating and cooling systems.
  • Johnson Controls Thermostats might be a good choice for those who want something that has an aesthetic appeal and is made from durable materials.
  • Viconics Thermostats could work well for someone who wants an energy-efficient option or wants a plain old white thermostat that works as intended without bells or whistles.

How Do I Install a Smart Thermostat?

Thermostat installation is a process that takes some time and patience.

The following are the steps you should follow:

  1. Purchase a smart thermostat, like the Siemens Thermostat or the Viconics Thermostat, that can be installed on your current heating and cooling system's wallplate and wired for power using a screwdriver.
  2. Disconnect your old thermostat from its wiring by unplugging it from the wall outlet.
  3. Make sure that all of the wires coming from your old thermostat are disconnected and not left hanging in mid-air or touching any other part of the house's circuitry, then remove it from the plate by unscrewing it with a Phillips head screwdriver.
  4. Slide your new thermostat onto the plate where your old one was removed.
  5. Use the screws provided to secure it to the plate
  6. Plug in the new thermostat and plug one end of each wire into the holes at the backside (or bottom) of the device according to which connection point each wire came from.

Conclusion:

So, while there are many different types of thermostats on the market, each with its benefits, it's important to consider what you need most to make a decision.

HVAC thermostats are a great way to conserve energy and save money.

They are easy to use and can be programmed remotely, so you don't have to worry about coming home from work in the middle of the day just because your heater is turned off.

If you have a busy life and forget to turn off or on the AC or heat during different seasons, HVAC thermostats make it simple for you.

The thermostat will automatically turn on at the set time and adjust according to your preferences.

Still have any question, do share via comments.

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Wednesday

4 Tips For Preventing Mold Growth After Water Damage!

Mold is a real problem in homes and makes living spaces uninhabitable.

Mold can also cause health issues for your family, like allergies and respiratory problems.


4 Tips For Preventing Mold Growth After Water Damage: eAskme
4 Tips For Preventing Mold Growth After Water Damage: eAskme

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The most effective way to prevent mold growth is using an antimicrobial treatment that kills any invaders on your wet surfaces.

And here, we will give you certain tips to prevent mold growth, but also check out what a mold is.

Let us see.

What is mold?

Mold is a living organism that feeds on organic substances.

For those who are not too familiar with mold, you need to be aware of the fact that these microscopic fungi grow in moist or wet areas and can cause health problems for people like allergies and asthma.

Mold spores are present in the air and can be found on surfaces like clothes, furniture, and walls.
 
When mold spores come into contact with water, they can start to grow.

Mold exposure can cause symptoms like coughing, sneezing, and watery eyes.
 
That's why it's important to prevent mold growth after water damage.

If your home has been flooded or there's been a leak, then take steps to dry out the area as soon as possible.

Clean affected surfaces with a solution of bleach and water.

And if you have any porous items that have been wet, throw them away to prevent mold from growing on them.

What causes mold?

Before knowing about the prevention of mold, let us see the causes of mold formation so that it helps us fight it:

  1. Mold growth is caused by excess moisture in the air. This can be due to high humidity, leaks, or flooding.
  2. Mold thrives in the dark, moist environments.
  3. Mold can grow under various conditions, such as poor ventilation.

Four steps to Prevent Mold Growth After Water Damage:

1. Assess Damage and Remove Moldy Items

The water leak is one of the most common ways mold grows in homes.

When water leaks or spills occur, mold can quickly start to grow. It can cause damage to your home, causing structural devastation and costing you thousands of dollars in repairs.
 
If you have had recent water damage in your home, it is important to assess the damage and remove any moldy items as soon as possible.

Mold can begin to grow within 24-48 hours of water damage, so it is important to act quickly.
 
If the area is small and the mold growth is limited, you may be able to clean it yourself with a disinfectant solution.

However, if the mold growth is extensive, you should call a professional mold remediation company such as the Bedrock Restoration.

Or, you can even take up these primary steps:

  • Remove all wet items. It includes carpets, furniture, clothing, and anything else that is wet.
  • Dry the affected area thoroughly. The affected area is to be cleaned with a bleach solution. It will kill any mold spores that are present.
  • Repair any leaks or sources of water intrusion. This prevents future mold growth.

2. Dry out the area

If your home has been flooded or you have had a water leak, it is important to dry out the area as soon as possible.

Mold can start to grow within 24-48 hours, so time is of the essence.
 
Firstly, remove any standing water. You can use a wet/dry vacuum to remove the water if the area is wet. You may need to rent a sump pump if the area is vast.
 
Once the standing water is gone, you will need to use fans and dehumidifiers to remove any remaining moisture from the air. It is important to keep the area well-ventilated during this process.
 
You should continue to monitor the area for mold growth. If you see any mold, you will need to clean it up immediately and then take steps to prevent future mold growth.

3. Eliminate existing moisture sources

One of the best ways to prevent mold is to eliminate existing moisture sources. If your home has been flooded, it's important to dry out the area as soon as possible.
 
You can use a fan or dehumidifier to help with this process. It would be best if you also opened windows and doors to allow air circulation.

If you have a leaky pipe or another water source, it's essential to fix the issue as soon as possible. Mold can start growing within 24-48 hours, so taking action quickly is important.
 
In addition to eliminating moisture sources, you should keep your home clean and free of clutter.

4. Clean and disinfect

It's important to clean and disinfect any areas that have been affected by water damage as soon as possible.
 
Start using a wet vacuum cleaner to remove as much water as possible. Then, use a mild detergent and a soft brush to scrub away any dirt or debris.
 
Once the area is clean, you can disinfect it with a solution of one part bleach to 10 parts water.
 
Let the solution sit on the surface for at least 10 minutes before wiping it away. You can then dry the area with fans or dehumidifiers.

Conclusion:

Mold can pose a severe health risk, so it's important to be proactive in preventing it.

Mold can threaten your health, thereby causing serious issues; hence, it is one of the most important reasons to prevent mold from growing.

Following these tips, you can prevent mold growth that tends to occur after water damage.
 
Apart from health issues, it can cause minor to major damage to your house, thereby killing your bank account.

Thus, with a little effort, you can get your home back to normal in no time.

So, from now on, take the little measures and work towards protecting your house from mold. I hope these little tips will help you prevent mold.

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Gaurav Kumar is the founder of eAskme.com. He is the professional blogger, writer, motivational speaker and online entrepreneur. He the man behind "Blogging for money guide" and "complete domain name guide". eAskme will help you to become an online entrepreneur. You can learn SEO, Money MAKING, SEO, blogging and more.

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