Gary Pierpont Blog

It can be hard work and quite costly to replace broken or outdated appliances. One way you can cut down costs on a bathroom remodel is to refinish or line your old bathtub rather than spending thousands on a new tub. Both of these options can make the tub’s lifespan considerably longer while giving it an updated look. Tub liners are a mold of your old tub that slide over and fit to the existing tub to create a new shell. You will need to replace faucets for best results, and the seams will need caulking. Refinishing a tub is a little more difficult as it requires extreme caution. Chemicals used to refinish a tub are dangerous if you come into direct contact with them. There are many steps to the refinishing process, and you may want to consider hiring a professional. In most circumstances, you will still save more money than if you were to buy a new tub. More here

According to RealyTrac, house flippers in the U.S. bought homes, on average, 8% lower than the estimated value of the house, and re-sold for approximately 6% above market value. Most house flippers make their money by buying a home at a significantly discounted price, making repairs, adding visual enhancements, and then selling the home above the home’s estimated value. A few locations with the best markets for flipping are Pittsburgh, PA, New Orleans, LA, Richmond, VA, Atlanta, GA, and Chattanooga, TN. Home price appreciation has helped house flippers in both good and bad markets throughout the United States. More here

With California experiencing the worst drought in hundreds of years, water conservation is becoming a hot topic across the United States. A few simple ways you can reduce the amount of water used in your household are: Water your outdoor plants and grass between the hours of 10:00pm and 6:00am to decrease the evaporation rate. Check your home frequently for small leaks in shower-heads, toilets and faucets. Also, equip your home with water-efficiency devices that are made to increase water conservation. While the appliances or tools may be expensive, your lowered monthly bills will offset the price. More here

According to a new report from Sentier Research, the median household income has increased over the last three years, jumping to 3.8% in June, and averaging $53,891. Although median income has increased, it is still considered to be 3.1% below the mid-2009 high of $55,589. Gordon Green, a partner at Sentier, stated that “even though technically the recovery began in June 2009 the broad measures of unemployment were still high. As people found jobs, their incomes went up and then we started to see incomes turn around.” More here

Painting the interior of your home is a big job, but if you know what you’re doing, you can save hundreds by not hiring a professional painter. A few ways you can get a professional look without spending a significant amount of money are: Remove everything out of the room, including light fixtures and floor molding. Purchase a good drop cloth to cover and protect floors. Repair any cracks or dents in the walls and sand them down so the paint can better grip the walls. After sanding the walls, wash the sand dust off with a damp cloth. Prime your walls so the true color of the paint can be seen; it will also ensure the paint is applied smoothly. Lastly, purchase a roller that is lightweight and not too long. The roller should hold paint, but not create too much texture. More here

While the charm and character of an aged house can be very appealing, there are a few things to look for when considering buying an older home. Termites- a home inspection can usually rule out if the home has termites or not, but older homes are more likely to have had leaks in the past leaks. Wet wood attracts termites and other bugs, and you may want to invest in a professional termite inspection. Lead paint- homes built before 1978 may have lead paint in them. Lead poisoning can cause multiple health problems and is a serious matter that should be investigated using either a home lead detection kit or a certified lead inspector. Windows- you may want to consider installing new windows. Older homes, more often than not, have single-pane windows that are not energy efficient and are more prone to leaks and rotting. More here

According to recent data, home prices grew 0.8% in June from the previous month and increased 5.5% from June 2013. Data shows that half of the 40 largest metropolitan cities have reported positive monthly improvement. Miami and San Francisco specifically have experienced large monthly gains, increasing as much as 11.8%. States such as Texas, Nevada, Colorado and Michigan have also seen monthly improvements. Additionally, home appreciation has continued to grow over the last year, but at a slower pace. More here

Wood fences are the perfect way to create a safe place for your children or animals to play, or even just allow more privacy to your backyard. While fences are an added perk to any home, they need to be regularly maintained  in order to keep them looking good and working efficiently for many years to come. A few ways you can get the most out of your wood fence are: When buying wood for your fence you should choose redwood or cedar, as these varieties are more resilient to rot. Posts should be pressure treated to protect them from insects and moisture found in the ground. Fence owners should strive to keep vines and bushes away from the fence line, and to position irrigation systems far enough away from the fence line to guarantee the fence stays dry and free of rot. More here

Mortgage delinquencies have fallen for the 10th consecutive quarter in the U.S., decreasing approximately 20% in just the last year. According to a recent report from TransUnion, millennials are helping to keep the delinquency rate down. Millennials have the lowest delinquency rate among all ages right now, averaging 2.43%. The head of financial services for TransUnion, Steve Chaouki said,  “overall, the improvements in the mortgage delinquency rate can be attributed to a number of factors. These include the clearing of severely delinquent accounts through foreclosure as well as a lower rate of new delinquencies from post-recession vintages, which generally are of significantly higher credit quality and have experienced much better performance than mortgages originated before the recession.” More here

Fixing small problems today in your home can end up saving you thousands of dollars in the future. Experts have given tips to help save money and avoid major catastrophe by addressing small tasks when problems arise. If your electricity bill is much higher than it should be consider checking the insulation on your exterior walls and in your attic. If the amount of insulation is little to none, a new installment may be in order. Proper insulation in all parts of your home can reduce energy consumption significantly. Replace any wet or mold-damaged drywall in your home and look for leaks. Invest in a hot water heater tray to reduce the risk of flooding in your home. Inspect, and if needed, install new windowsills. You can also use exterior caulk to help seal your windows. Another good idea for reducing the electricity bill is to keep your AC unit cleaned out so it will work more efficiently. You can use a leaf blower to remove leaves and debris. More here