bonnie koff logo

9 Essential Things A New Homeowner Should Have

These must-haves will make things a lot easier in the first few weeks. With the right tools on hand you will be prepared for every scenario. Do yourself a favor by stocking your home with the following items. You will be ready for every homeowner challenge.

1. Wet-Dry Vacuum

Look for a wet-dry vacuum that can handle everything from paint to nails and small stones. The vacuum is a great item for cleaning the garage, basement and attic. You will want to take it with you if and when you move.

2. (The Right)Fire Extiguisher

Before going out to buy a fire extinguisher, check out the U.S. Fire Administrator's guide. There are 5 different types of fire extinguishers with different uses, from extiguishing cooking oils to wood and paper. Be sure to pick the right one for your home.

 

 3. Extension Cord Organizer

Home ownership seems to breed extension cords that grow into a tangled nest. Save yourself time and hassle and splurge on one of several cord management devices. You also can consider making your own with pegboard, hooks, and velcro straps to keep each cord loop secure. Be sure to include a heavy-duty extension cord that is outdoor-worthy. 

4. Big-Kid Tools

You probably already own many of the basics such as: drill, screwdriver, utility knife, wrench, hammer, pliers and a tape measure. What you might not have, but should are:

  • Stud Finder
  • Hand Saw
  • Ratchet Set
  • Pry Bar

5. Tool Kit

You will need something to carry all those tools from project to project. Create a tool carrier using a tool bucket liner and an old 5 gallon bucket. You might want to invest in a handyman belt filled with the basics to keep on hand in the kitchen

6. Headlamp

You certainly don't want to keep a flashlight in your mouth when working on a project. A head lamp will allow you to be hands free or "mouth free." There a so many homeowner tasks that require both hands. 

7. Emergency Kit

FEMA has a great list of supplies you should have in an emergency kit. They include, Cash, Food, Water, Infant Formula, Diapers, Medication, Flashlight, Matches, Sleeping Bag and a change of clothes

8. Ladder(s)

Consider:

  • How high you need to go
  • Where you will use it
  • How heavy duty is it

If you need an extension ladder, school yourself on safety tips. If it is a step ladder you will be using make certain all 4 legs are flat on the floor. For heavy duty chores, check the ladder's duty rating so you know how much weight you can put on it.

Don't forget to purchase an escape ladder. The Red Cross recommends them for sleeping areas in multi-story homes.

9. Confidence

If you are a 1st time homeowner, you might want to familiarize yourself about DIY projects by viewing them on YouTube. By doing that, you can master (almost) all DIY projects.

 

Mortgage News Daily

  • MBS RECAP: Nice Gains More About Europe Than Fed

    Posted To: MBS Commentary

    Bonds surged to significantly stronger levels in the presence of the Fed Minutes today. Any time we see strong gains on a day with a Fed release, chances are the Fed is behind the move. Incidentally, that's NOT the case today (spoiler in the headline, I know). So how did Europe trump the Fed in terms of bond market impact? In short, this is all about Italian political drama. The two anti-Eurozone parties who are forming a coalition government in Italy are waiting for confirmation of their staffing choices from the Italian prime minister (yeah... things work differently over there). One of the picks had previously referred to the Eurozone as a noose around Italy's neck. It's not overboard to consider this political regime as potentially pushing Italy away from the Euro. That's...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Mortgage Rates Drop to Lowest Levels in 2 Weeks

    Posted To: Mortgage Rate Watch

    This week hadn't been too traumatic for mortgage rates through yesterday afternoon, but neither had it been positive in any noticeable way. That changed today as rates fell abruptly to the lowest levels since last Monday. Granted, at the time, last Monday's rates were still pretty close to the worst in 7 years, but the point is that we've managed to find our way back from the even higher rates that followed. Help came chiefly from European political developments where Italy is a day or two away from confirming a government that could end up pushing the country out of the Eurozone . Even though that's far from guaranteed, the mere risk of such a thing is enough to drive investors toward safer haven bonds like those issued by Germany or the US. In general, excess demand for bonds means rates...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Houses Passes S2155, Unwinds Less of Dodd-Frank Than Hoped

    Posted To: MND NewsWire

    The House of Representatives passed a sweeping overhaul of regulations included in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act on Tuesday. Senate Bill 2155, which passed the upper house in March, received a 258 to 259 vote in the House. It now goes to the White House for what is expected to be certain presidential approval. The bill did not go nearly as far as the House had hoped in rolling back Dodd-Frank. Leadership agreed to vote on the compromise bill negotiated in the Senate between Republicans and Democrats only after a promise of a vote latter this year on other changes House members, especially House Financial Services Chair Jeb Hensarling (R-TX) were demanding. According to Bloomberg, the legislation gives smaller banks relief from post-crisis rules that they...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • New Home Sales Continue to Improve on Annual Basis

    Posted To: MND NewsWire

    New home sales dipped in April, a reversal that was expected by many analysts . The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes during the month were at a seasonally adjusted annual rate of 662,000 units. This is 1.5 percent below the revised rate of 672,000 units in March. The March estimate was revised down from 694,000 units, erasing much of that month's reported 4 percent gain. Despite the downturn, sales are now running 11.6 percent above the April 2017 estimate of 593,000 sales. In March the year-over-year gain was reported at 8.8 percent. Analysts polled by Econoday had expected sales to be in the 650,000 to 692,000 range. The consensus was 677,000. On a non-seasonally adjusted basis there were 64,000 new homes sold in...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Freddie Mac to Address Origination Barriers for Young Buyers

    Posted To: MND NewsWire

    Reams of data have been gathered about what appear to be significant changes in the profile of younger homebuyers and consequently mortgage borrowers. This usually means the Millennial generation, but recently Gen Z, those born in 1995 and later have begun moving into homeownership as well. A recent report by Freddie Mac says the Millennials came of age after the housing crisis and since home prices bottomed out, rents have increased an average of 20 percent. "It's not easy to save up for a down payment when you're pouring you money into rapidly escalating rents." And even those who do have savings, may have difficulty convincing a bank they have the necessary income to qualify for a loan: Increasingly, millennials don't have only one on-payroll job and a W-2 to show income. Add to that the...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Lender Products; Congress' Take on TILA, PACE Loans, and MLO Licensing

    Posted To: Pipeline Press

    Every vendor here at the MBA conference suggests they can help clients close more loans faster, more efficiently and compliantly. If only all these lenders had more loans in their pipelines to close! But lenders here in NY are an optimistic bunch. Lender Products Yesterday at the MBA Secondary conference in New York, Mortgage Coach and Optimal Blue announced an enhanced integration that avails access to accurate pricing within the Mortgage Coach platform. Now every Mortgage Coach-powered loan originator can include real-time product and pricing data within the Total Cost Analysis – in seconds without ever leaving the Mortgage Coach app – giving their borrowers the transparent and accurate loan options they need to make a confident mortgage decision faster. “Combining the sophisticated...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • MBS Day Ahead: Italian Impact Continues, Helping Bonds Start Strong

    Posted To: MBS Commentary

    I woke up this morning to an automated alert from MBS Live letting me know I'd need to hustle to the desk and explain whatever it was that caused the friendly spike more than 6bps lower in 10yr yields (all the way down to 3.0%). The safest bet was that it was something to do with Italy, and my chart of Italian spreads vs German Bunds didn't disappoint. Equities markets happened to be playing ball as well. It's been a good morning to be a safe-haven US Treasury bond (especially longer duration bonds like 10 and 30yr securities). The net effect on the bigger picture for the US bond market is that it sets us up to challenge the important 3.05-3.06% floor (obviously). In fact, it gives us a huge head start for the day. Remember the lessons from bonds 2-3 weeks ago though. As we attempted...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Refinance Applications Near 18-Year Low

    Posted To: MND NewsWire

    Mortgage rates surged significantly during the week ended May 18, sending mortgage activity skidding for the fifth straight week . The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan application volume, dropped by 2.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis there was a 3 percent decline. The seasonally adjusted Purc h ase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index decreased 3 percent compared with the previous week but remained 3 percent higher than the same week in 2017. Refinance activity hit a near 18-year low . The Refinance Index declined another 4 percent compared to the previous week, to its lowest level since December 2000. Refinancing also continues to lose...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • MBS RECAP: Bonds on Autopilot Ahead of Fed Minutes and Treasury Auction

    Posted To: MBS Commentary

    For the 2nd straight day , trading levels in bond markets held inside a narrow range--far narrower than that seen on any given day last week, let alone the entire week. This could be incidental or it could be in anticipation of some future event. The leading candidates as far as future events would be tomorrow's release of the Fed Minutes at 2pm as well as the first serious Treasury auction of the week (5yr Notes at 1pm). Given that the bigger of the two events hits an hour later, that's where we'd be looking for intraday risk-- at least it would be if we were in a more normal environment. As it stands, the bond market is exceptionally well availed of the Fed's plans and it's unlikely that new information is going to be gleaned from this or any near-term release. The only...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

  • Mortgage Rates Super Flat So Far This Week

    Posted To: Mortgage Rate Watch

    After quite a bit of volatility and a move up to 7-year highs last week, mortgage rates have managed to avoid any semblance of drama so far this week. In fact, each of the past 2 days has seen the average lender keep 30yr fixed rates perfectly in-line with Friday's latest levels. The worst that could be said of these rates is that they're very close to last week's highs. The second worst thing that could be said of these rates is that they're the latest in a series of gradual moves higher over the past few years. The general expectation is that rates can continue to move higher as long as the economy continues to tolerate higher borrowing costs. Mortgage lenders know that we are now in a rising rate environment. That means they're less likely to offer huge improvements on rate sheets unless...(read more)

    Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Residential Real Estate Sales

Westchester County, NY

 
Westchester Top 5 Real Estate

2009-2010 Top 5

Top Real Estate Agent Award

Westchester Magazine Top Realtor

2010-2011 Westchester Top Realtor

Westchester Magazine Top Realtor Award

For more information about fair housing practices, please visit the HUD website.


Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email