My Thoughts on Reverse Mortgages

I recently read an article in Investopedia entitled “5 Signs a Reverse Mortgage Is a Bad Idea” and I thought I might learn something new about reverse mortgages. All I saw was a “glass half full” explanation of them. Let’s be honest, every financial tool is not perfect for every situation, and if you are over 62, you may be considering a reverse mortgage, so let me tell you what I think about them. Then, read other opinions and decide for yourself.

What is a reverse mortgage? Let’s start with what is a mortgage? (just in case). If you are clear what a mortgage is, skip to the next paragraph. A Mortgage (called a Deed of Trust in some states) is a loan, secured by real estate, and they were really made popular after the Great Depression when the time to repay was stretched from 5 years to 30 years. That’s right, many years ago, if you could not pay off your house in 5 years you couldn’t buy one, and the Federal Government stepped in to create the 30 year mortgage in order to increase homeownership. When you buy a home, most people borrow most of the money and the repayment is usually spread out over 30 years. We won’t get too deep into amortized interest here, so suffice it to say that for the first several years, most of your payment goes to pay interest, and a small portion goes to pay down the amount you need to repay (principal). Usually, your real estate taxes and homeowner’s insurance are also bundled into that payment. You also might pay a fee called Mortgage Insurance, which is essentially an insurance policy in case you can’t pay your mortgage and they need to begin collection proceedings. Yes, they can take your home away if you do not pay your mortgage (that’s fair, right?).

So, what is a reverse mortgage? Well, it’s a mortgage that works in reverse… With a mortgage, you start with a high balance, and pay it down. If you stay in mortgage for the full 30 year term and never make extra payments, at the end of the term, you no longer owe a mortgage payment (you still owe real estate taxes and homeowner’s insurance). In a reverse mortgage, you start with a low loan balance (as low as zero if you have paid your house off already) and your balance increases as you receive money. You must start with at least 50% equity, so if your home is worth $400,000 and you owe less than $200,000, you have enough equity. You could also use a reverse mortgage to buy a $400,000 home with a $200,000 down payment and, because the house is going to pay you, you do not need to have good credit or income.

What? Why would I receive money from my house? That sounds like a scam to me!

Based on my conversations with people, there are 4 primary reasons people don’t get a reverse mortgage when they should, and the above reason is

#1. People think it must be a scam, so let me explain why a bank would send you money. Remember, the loan is secured by real estate, and banks are just investors who are in business to make money by loaning it out. And if you remember that you must be 62 or older to obtain a reverse mortgage, then you’ll realize that you are closer to the end of your life than the beginning, and reverse mortgage is only valid while you are alive and living in the home. When you die, the bank loan must be paid off. The 2 most common ways this happens is that your heirs pay off the loan by getting a new mortgage, or they sell the property. If there is any money left over after selling it, the heirs get to keep it. However (and this is pretty cool) if there is not enough money from the sale to pay off the loan, your heirs do not owe the difference. Now you can see, it makes business sense for a bank to offer a reverse mortgage.

#2 (THIS IS FALSE) People think the bank will eventually foreclose on me and kick me out! As long as you are alive and living in the home, the bank cannot take it away from you. The worst thing they can do is stop sending you money if they have sent you the maximum they originally agreed upon, and very often, by the time they have sent you that amount of money, the home has gone up substantially in value, however it is possible that you stop receiving money. In fact, if you really beat the odds and live to a healthy 150 years old, the bank will just have to wait until you die (or voluntarily move), in order to get the mortgage paid back. Of course, interest will continue to accrue, but remember, your heirs do not owe the difference if the sale does not bring in enough to pay what is owed.

What if you are still alive and want to move? Just like any home you own with a mortgage, sell the home, pay off the mortgage, and move. No problem. Which brings me to reason

#3. There are high upfront fees to get a reverse mortgage. Now these high fees, spread out over many years, seem reasonable to me. And let’s be honest, when I die, I can’t take the rest of the money with me, so personally, I am ok with spending that money today to not have a house payment in my later years and create some additional income. Which brings me to reason

#4 If you get reverse mortgage, you are spending your children’s inheritance (or at least some of it). This is a true statement! The more you spend while you’re alive, the less your heirs will receive when you are gone. So here is how I view this; when you’re gone, (depending on what you believe) you will not get to watch them spend it anyway, so if you want them to enjoy your money, why not have them enjoy it with you? Get the reverse mortgage and use the money to spend your last years creating wonderful memories with the ones you love! Also, as a parent, I believe it is my job to teach my children the life skills they need to surpass my accomplishments, not to just leave them a pile of money when I am gone.

Closing thoughts:

I am not 62 yet, and at some point, after I turn 62, I fully intend to get a reverse mortgage. I have paid into my home for years and I will feel good when it pays me back.

To be clear, there are legitimate reverse mortgages and there are certainly reverse mortgage scams out there too, so if you want to talk to a reputable reverse mortgage lender, just let me know and I will be happy to recommend someone, after all I’m Jeff Howard – you’re Realtor for life.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Matching Cabinet Hardware

New Hardware

Whether you have knobs, pulls, handles, or some other hardware, you need to have some way to access your cabinets. If your cabinets are relatively new, that hardware is probably fairly modern. However, if you have older cabinets, and you have new cabinets in the same area of your home you may want to match the hardware of the new and old cabinets.

However if your old hardware needs replacing since they have been broken or dinged up over time, this situation can be stressful, especially if you’re not sure where to start. While your success will depend on the specific pieces that you’re looking for and how recently they were manufactured, here’s some info that will hopefully point you in the right direction if you find yourself on a hardware hunt.

The Need to Match HardwareWhy do you need to match old cabinet hardware, anyway? There are a few reasons. The most common is that handles and knobs sometimes become damaged or break over time, especially if the cabinets see frequent use. You may also find yourself adding new cabinets or other fixtures that you want to match as closely to the older cabinets as possible, including similar finishes and hardware. In some cases it may even be a matter of hardware being removed to repair or replace cabinet doors and then getting lost or accidentally tossed out. Whatever the reason, you want matching hardware, and it doesn’t seem to be available in stores anymore.

Sources for Older HardwareWhen trying to match old hardware, it’s important to start by checking if it’s actually available. Visit cabinet or woodworking shops in your area with pictures of the hardware you need (or the actual hardware itself) to see if anyone can recognize it and know where to order it. If that doesn’t pan out, check the internet; there are a lot of stores online that specialize in older items, and this can include out-of-production hardware and other materials. Even if you can’t find the specific hardware from its original manufacturing run, you may be able to locate visually similar reproductions that will at least match the look of your existing hardware.

Mixed Hardware

If that doesn’t work, spend some time searching online auction sites to see if you can find the hardware that you’re looking for there. While online auctions can be a mixed bag, there are a lot of people who post used or out-of-production items that they have a surplus of to make some money off things that they no longer need. It may be worth checking a few times on different days, as new items are listed all the time, and you never know when someone is going to list that handle or knob that you need for a few dollars.

Unable to Find a Match?Unfortunately, there may be some cases where you simply can’t find a match for your old cabinet hardware no matter how hard you try. If this happens, you typically have two options: You can upgrade all your hardware to a new style, or you can find something that complements your existing hardware to create a mix-and-match arrangement. It basically comes down to whether you want to upgrade some of your existing hardware or all of it with something a bit newer. You can choose pieces that complement your cabinets, hardware that goes well with sinks and other fixtures in the room, or even something significantly more modern than the cabinets to create a visual contrast between the cabinets and the hardware. Regardless of what you choose, be sure to pick something that you enjoy.

Of course, if you decide that the cabinets themselves could use an upgrade too- remember Jeff Howard , your realtor for life, is here to help you.  I can help you find contractors and other pros who can give your rooms the new cabinets or other solutions that you need.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Nevada Enacts Ban On ‘Non-Functional’ Grass

One thing that will soon become unforgivable in Las Vegas is useless grass.

There is a new Nevada law that will outlaw about 31 percent of the grass in the Las Vegas area.  This effort is to conserve water amid a drought that’s drying up the region’s primary water source: the Colorado River.

Other cities and states around the country have enacted temporary bans on lawns that must be watered, however legislation signed a couple of weeks ago by Governor Steve Sisolak makes Nevada the first in the nation to enact a permanent ban on certain categories of grass.

Sisolak said last week that anyone flying into Las Vegas viewing the “bathtub rings” that delineate how high Lake Mead’s water levels used to be can see that conservation is needed.  Sisolak stated “It’s incumbent upon us for the next generation to be more conscious of conservation and our natural resources — water being particularly important,”

The ban targets “non-functional turf” according to the Southern Nevada Water Authority. It applies to grass that virtually no one uses at office parks, in street medians and at entrances to housing developments. It excludes homes, parks and golf courses.

The measure will require the replacement of about 6 square miles of grass in the metro Las Vegas area. By ripping it out, water officials estimate the region can conserve 10 percent of its total available Colorado River water supply and save about 11 gallons per person per day in a region with a population of about 2.3 million.

John Entsminge, General Manager of Southern Nevada Water Authority, stated  “Replacing non-functional turf from Southern Nevada will allow for more sustainable and efficient use of resources, build resiliency to climate change, and help ensure the community’s current and future water needs continue to be met.

The ban was passed by state lawmakers with bipartisan support and backing from groups like Great Basin Water Network conservation group and the Southern Nevada Homebuilders’ Association, which wants to free up water to allow for projected growth and future construction.

When the ban takes effect in 2027, it will apply only to Southern Nevada Water Authority jurisdiction, which encompasses Las Vegas and its surrounding areas and relies on the Colorado River for 90 percent of its water supply.

The ban came as the seven states that rely on the over-tapped Colorado River for water — Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming — consider  the prospect of a drier future.

Lake Mead and Lake Powell, the two reservoirs where Colorado River water is stored, are projected to shrink this year to levels that would trigger the region’s first-ever official shortage declaration and cut the amount allocated to Nevada and Arizona.

In Arizona, farmers in Pinal County south of Phoenix have had to stop irrigating their fields because of the cuts. Nevada stands to lose about 4 percent of its allocation, although the state has historically not used its entire share.

I think we should all pray to the water gods and do a rain dance. It might not help, but it won’t hurt, since we need a lot of rain and snow in the southwest over the next few years to feed our rivers and lakes.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

The Summerlin Council Patriotic Parade

The Patriotic Parade that has been held in Summerlin is a time-honored tradition for July 4th festivities in Las Vegas for 26 years. And this year it’s back! There are plans in the works to deliver another outstanding parade day experience by putting together a unique celebration to meet the extraordinary times we’re in.

For the 27th year, you are invited to be a part of a reimagined celebration of our country’s big day – America’s Birthday Party Parade. A show like no other, this traveling party will feature eye-catching parade floats, towering balloons, and captivating performances that have become 4th of July traditions in Summerlin. No grandstands or announcer booths this year; just a 30-minute, entertainment-packed community showcase with all the pageantry and spirit you’ve come to expect.

Entries will include professionally decorated parade floats with larger-than-life displays of birthday cakes, party hats, an undersea birthday jubilee and other dazzling patriotic celebrations; giant inflatable balloons including a 25-foot birthday cake, a 30-foot American flag and 25-foot Uncle Sam Hat; exciting performances by the Drumbots, Desert Angels gospel choir, the West Las Vegas Arts Center performance ensemble, Danza del Carrizo Native American dancers, Swing It Sisters, Guan Strong lion dancers, stilt walkers and a live DJ spinning beats through the streets.  There will also be appearances by beloved cartoon characters, community mascots, princesses and superheroes. And the parade route will be lined end-to-end with American flags

The parade is free and open to the public. Spectators are asked to follow the latest Centers for Disease Control and Prevention COVID-19 guidance for mask-wearing, social distancing and hand washing. Everyone is encouraged to arrive early, wear sunscreen and bring water and hand sanitizer.

The parade starts at the corner of Hillpointe Road and Hills Center Drive, travels south on Hills Center to Village Center Circle, then turns west on Trails Center Drive ending at the Trails Park.

For more information on the parade, visit http://summerlinpatrioticparade.com

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Clever Uses for Useless Spaces

As I watched another YouTube boater during their renovations prior to their next adventure, I realized how most boats really try to utilize all of the available space, yet houses often don’t. Spaces that seem useless or wasteful are probably in a few areas of your home.  If you look at them carefully you just might see a missed opportunity to create a space that can be useful and special.

Partial dividing walls, areas below (or even above) a staircase, or little nooks or alcoves that were created by the house’s unique design are all common examples

That blank wall around a doorway doesn’t have to stay empty, and the space under the stairs isn’t just for boy wizards anymore. There are a number of ways that you can revamp these empty and otherwise useless spaces and make your home more functional and fun in the process. Here are just a few ideas to get you started.

Surfaces and Seating – Look around your home at the various nooks and crannies that seem to just be empty space. With a little work, it will be easy to add seating, tables, desks, and more to these areas and make them much more functional. Once you start thinking creatively, a world of options opens up for you.

Some of the open space in your foyer could have benches added for you and your family to sit and get your shoes on in the morning, possibly with bins that slide under the benches to keep those shoes in when they’re not being worn.

A little alcove could be a great place to install a small desk or computer workstation for homework, bill paying, creative writing, or even grabbing a quick bite to eat. You could even stick a chaise lounge or part of a sectional couch in a largely unused corner to give people a private place to wind down or relax. And these are just a few examples.

Storage and Organization – Some of these seemingly useless places can be a great place to add storage solutions to your home. Shelves and cabinets can instantly transform empty walls, giving you additional storage even in the small spaces around doorways or in closets. Drawers are also great additions, as are sliding cabinet racks that pull out and then slide fully back into the wall. There are even more options available if you really want to get creative.

If your kitchen has a small dividing wall separating it from other rooms, consider adding a built-in wine rack within it to hold a few of your favorite bottles. A pull-out vertical cabinet next to the sink or stove can also be a great area to add a spice rack or store cutting boards. Wooden or wire glass racks can be installed under cabinets to hang stemmed glasses that are typically used for wine, champagne or martinis, or put hooks and hang coffee, tea or soup mugs. Bookcases are relatively easy to install, and if you have a large unused area, it might even be an ideal place to add a built-in pantry. Not only do details like these really liven up your home, but they can also help reduce clutter in other areas and make everything a bit more organized in general.

A Use for Every Space -You might be surprised at just how much space there is in your home for these types of projects. The options can increase even more if you start looking at the outside of your home or in the garage, too. While some projects might require a bit of work, others are simple modifications that can really go a long way toward improving both the look and functionality of your home.

If you aren’t sure where to start, consider bringing in an interior designer or general contractor to discuss what you want and see what your options are. You can ask me for names and phone numbers of reputable ones, after all I’m Jeff Howard – you’re Realtor for life.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

What is a Bug Zapper and how do You Use It?

I would think most people know what a bug zapper is, however, I recently talked to a guy who had never heard of one. There’s also a chance that you’ve never actually used one in real life and have just seen them used in an ad or cartoon or a TV show. Bug zappers have sort of become a part of pop culture, usually indicating that a character lives in a very rural setting and more often than not comes from the poorer side of the tracks. So let’s get rid of that mental image right now. Bug zappers are actually very useful tools that can make your home and yard a bit more comfortable when bugs that bite are out looking for a nibble in the heat of summer or even for those annoying flies that just won’t go away.

How Bug Zappers WorkWhile the “zap” in the name gives away a large part of how bug zappers work, the system is a bit more complex than just tossing out some voltage and killing wayward bugs. Inside the average bug zapper is an ultraviolet light source, which depending on the model of the zapper could be a light bulb, a fluorescent light tube or even UV LEDs. It’s this light source that attracts insects to the device, causing them to fly in between a grid of wires in hopes of reaching the light within. This is where the zap comes in; the grid contains electrified wires that provide a small shock to any insects that fly inside.  This kills them and causing them to drop onto a removable tray for easy cleanup.

Keep in mind that this is just a general description of how they work, and different models may have additional features such as scent or pheromone cartridges designed to attract specific types of insects. There also may be some differences in design between bug zappers intended for indoor use and those designed to use outside. Some small units may even be battery powered or built into the form factor of a flyswatter to make killing specific insect pests easier.

Placing Bug ZappersFor stationary bug zappers, there are two main types: Indoor units and outdoor units. Indoor bug zappers are typically only needed in residential homes if you have problems with bugs in certain areas (such as flies in the kitchen or flying bugs coming in through sliding doors in the summer.) If that’s the case, a bug zapper can be placed around the area where you have the largest problem or near the most obvious entry point.

Outdoor bug zappers are much more commonly used by homeowners, especially during the summer when everyone wants to spend time outdoors. The best locations to place bug zappers outdoors are typically around the edges of the area where you plan to spend time, such as the outskirts of a pool or play area, so that insects will be drawn to the zappers instead of the people within that perimeter. It can also be beneficial to place a bug zapper near outdoor tables where you’ll be serving food, just so long as it’s far enough away that wayward zapped bugs won’t fall out and land on the table. Garden hangers and shepherd’s hooks can be used to hold up the bug zapper units wherever you place them.

Personally, I am a big fan of the tennis racket looking zappers… those don’t attract the bugs, you have to “hunt” them, so it’s more like a game with those!

Bug Zapper SafetySince bug zappers use electricity, keep in mind that you’re likely going to need extension cords to provide them with the juice they need. This means that you’ll need cords that are rated for outdoor use, as well as a grounded outdoor outlet to plug them into. It’s also important that the zappers are mounted in such a way that pets or children aren’t going to grab them; even though bug zappers don’t provide enough of a zap to be dangerous to people or pets, it could still hurt or startle them.

Using a bug zapper can be beneficial around the house, though it’s important to remember that not all bugs will be attracted to one. For other insect pests, calling in an exterminator or other pest removal pro can be a good idea. If you are having a insect problem that a bug zapper will not help with, contact me – Jeff Howard, your Realtor for life – and I can give you a recommendation for great bug people that can solve your problem.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

International Day Of Yoga

Do you enjoy Yoga?  It seems there has been a lot of interest in yoga these days, especially during the pandemic when many people started using yoga as a way to de-stress and keep themselves in shape.

On June 21, 2021, head to the lawn at Downtown Summerlin to celebrate the International Day of Yoga.  Activates take place 7:30 – 8:30. Come and learn why so many people around the world are so into it. Be sure to bring your friends, family, yoga mat (or beach towel), and join the TruTribe for an evening of Vin/Yin with Jessica Johns & KateLynn Davenport featuring a live DJ, light refreshments, and photo ops!

Yoga is an ancient physical, mental and spiritual practice that originated in India. The word ‘yoga’ derives from Sanskrit and means to join or to unite, symbolizing the union of body and consciousness. Today it is practiced in various forms around the world and continues to grow in popularity. Recognizing its universal appeal, on 11 December 2014, the United Nations proclaimed 21of June as the International Day of Yoga. The International Day of Yoga aims to raise awareness worldwide of the many benefits of practicing yoga.  Yoga is more than a physical activity. In the words of one of its most famous practitioners, the late B. K. S. Iyengar, “Yoga cultivates the ways of maintaining a balanced attitude in day-to-day life and endows skill in the performance of one’s actions.”

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Window Coverings Help Beat the Summer Heat

We all love living in Las Vegas even during the hot summer months and keeping your home cool during the hot summer months can be an expensive prospect. This is especially true if you have large windows or rooms that have multiple windows that let sunlight in. While it’s great to have natural light during the day, it can work against your AC by heating up the air in those rooms at the same time you’re pumping cool air throughout the house. This can lead to your air conditioning running almost constantly throughout the day, and in some cases may even prompt an expensive HVAC upgrade if your current unit can’t keep up with the summer heat to your liking.

Various types of window coverings will help cut down your cooling costs during the summer without having to spend potentially thousands of dollars on a more powerful air conditioning solution. Window coverings can make a big difference in how much heat is added to your home through your windows. Not only does this have the potential to cut your cooling costs significantly, but it can enhance the overall style of your home as well.

Curtains, blinds, and other internal window coverings can have a significant impact on how much heat you gain from the sun during the summer. Medium to dark-colored curtains and drapes, especially those with white backings, block sunlight and heat gain significantly and can also help to hold heat in during the cold winter months. Blinds and rolling shades also offer some protection against heat gain, though their effectiveness depends on a number of factors including color, material, and reflectiveness.

Regardless of the covering type you choose, they are typically most effective when closed on south or west-facing windows, since these are the most likely to get direct sunlight during the hottest parts of the day. However, closing the curtains or blinds on any window receiving direct sunlight can have at least some beneficial effect.

One of the big problems with using coverings such as curtains and shades to prevent heat gain during the summer is that they block light and visibility as well as heat. If you still want to be able to see through your windows and enjoy some natural sunlight while preventing heat gain, a low-E window film might be a better option to meet your needs.

Low-E films are mildly tinted plastic films that have reflective particles of metal or metal oxide in them, reflecting UV rays while still allowing for some natural light and visibility. Because the UV rays are reflected back out into the outside, they are not able to heat up the air inside of your home. While the effectiveness of low-E films can vary depending on the manufacturer, thickness of the film, and how well they are installed, it’s estimated that some low-E films can reduce summer heat gain from sunlight by as much as 70 percent or more.

There are a variety of other upgrades you can make to your home that will also help to block UV rays and prevent unwanted heat gain during the summer. Functional exterior shutters that can be closed during the heat of the day can make a significant difference in solar heat gain, blocking the sunlight from actually reaching your windows in the first place. Awnings installed over windows can also block some light and heat, while still allowing for some visibility. Exterior solar screens are also an option, blocking UV rays and increasing your energy efficiency while preserving some light and visibility as well.

How do you find qualified window covering companies?  Or what if you just want an interior designer to help you make it all look great? Just ask me for recommendations, after all I’m Jeff Howard – you’re Realtor for life.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Your HVAC Estimate Checklist

Close your eyes a feel the rush of cool air coming from your air conditioning system.  Now imagine that cool air turning lukewarm, or worse, won’t kick on at all? Oh no it may be time to get that ailing HVAC system replaced.

Talking to an HVAC professional about an air conditioning replacement can be intimidating. There’s a lot to know, and it’s probably not going to be cheap. But considering that a typical air conditioning unit lasts 10 to 15 years, what you invest today will help pay for itself in the longer term. That being said, it’s still important to know what to ask and the pitfalls to watch for.  The following should be your checklist.

Always Ask About Licensing and Insurance

Before you so much as let someone start to quote your HVAC job, ask about their licensing and insurance status. Not only will this save you a ton of time by weeding out anyone who isn’t actually a practicing professional, you’ll avoid issues that can arise if, for example, your HVAC is installed without a permit, or there’s a jobsite accident without proper coverage. HVAC installers should always be licensed according to your state and local guidelines.

Your installer should also carry the proper insurance policies. For example, a comprehensive policy will protect you should there be damage to your property as a result of a mistake made during the installation. And Workers Compensation insurance can also help by protecting you from being held liable should your HVAC workers have an accident on the job. Be aware that small shops don’t always carry Workers Compensation because of rules on who can be insured, so if your installer doesn’t carry Workers Compensation, be sure to get a liability waiver.

Your HVAC Estimate

As far as the estimate itself is concerned, there are several questions you should ask right up front. These questions and their answers should also be included on the estimate itself, as it serves as a sort of informal contract on the job you’re having done. Make sure you’ve hit these points:

  1. What’s the brand and SEER rating of the unit that will be installed? (Seasonal Energy Efficiency Ratio. This is the ratio of the cooling output of an air conditioner over a typical cooling season, divided by the energy it uses in Watt-Hours. It may also be called a Seasonal Energy Efficiency Rating.) If you’re having both your furnace and air conditioner replaced, ask about the fuel type and efficiency of the furnace, as well. If you’ve got a standard heating and air conditioning system, this is your opportunity to switch to something a bit more energy efficient, like a heat pump, so be sure to ask if there are other options that can use your existing ductwork.
  2. What size is the unit that will be installed? Make sure to note the size of the unit you’re having removed and how well it worked during its service. A single like-for-like replacement unit should be the same size if the performance was good, or should be adjusted slightly depending on your actual needs. Note that you will need a matching A-coil if you change air conditioner sizes without changing your furnace, too.
  3. Will you need ductwork? Ductwork can usually be reused, but as it gets older it can develop damage, come apart, or rust through, depending on the materials and conditions it’s subjected to. If any amount of ductwork is being replaced, make sure to have this noted and broken out in the estimate, because ductwork costs can add up fast. On the other hand, this is also a great time to add additional registers or cold air returns in older homes to help improve efficiency.
  4. What other things will be done while they’re working? HVAC companies do more than just install heating and air conditioning units. They can remove old furnaces left behind in crawl spaces, clean your ductwork, install smart thermometers, or provide you with electrostatic filters, just to name a few. If any of this work is being done, have it included in the estimate and later ensure it was completed as promised.
  5. Is there a warranty? Most importantly, make sure you have all the details on any warranties offered. Most HVAC systems will come with warranties on the individual parts, as well as a separate warranty on labor. This information can be extremely useful should your air conditioner need unexpected repairs, like a replacement control board or compressor.

How Do You Find Qualified HVAC People?  Well of course you ask me to recommend a couple of companies, after all I’m Jeff Howard – you’re Realtor for life.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

Downtown Summerlin Music Series

Downtown Summerlin announces the return of Summer Concert Series starting in June and everyone could not be happier. The weekly festivities are located on The Lawn at Downtown Summerlin every Wednesday, June 9 – July 14. All concerts are free and open to the public.

The first performance will take the stage at 5:30 p.m. with an acoustic act, followed by the first band set at 7 p.m. and a second set at 8:30 p.m.  Everyone is encouraged to bring blankets and enjoy a socially distanced evening outdoors.  Wearing masks are required at this point in time.

The working performance schedule will include the following:

June 9
Empire Records
Phil Stendek

June 16
Stoked!
Default Valentine

June 23
Velvet Elvis
Jase Naron

June 30
Guilt Pleasures
Richard Mann

July 7
Moonshiners
Illan Dvir-Djerassi

July 14
Jeremy Cornwell
Adena Sampson

Downtown Summerlin has partnered with New Vista, the largest nonprofit provider of Supported Living Arrangements for individuals with Intellectual and Developmental Disabilities (IDD) in Nevada, to offer a VIP “Picnic on the Lawn” experience at Summer Concert Series! All proceeds from “Picnic on The Lawn” VIP ticket sales will benefit New Vista and provide services, training and housing for people living with IDD in Southern Nevada. For pricing and ticketing, visit www.summerlin.com.

Also select Downtown Summerlin restaurants will offer food and beverages for purchase, including wine and beer, on The Lawn, making it a perfect one-stop to sit back and enjoy a night out in comfort and style. Space is limited and based on a first-come first-served basis. Face masks, as of now, are required to attend. All attendees will be required to follow social distance protocols in place. Visit www.summerlin.com for details

It’s very exciting to see Summerlin come alive again and offering the wonderful amenities we all have come to enjoy.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? Do you want 3 cash offers? We can help you with all of that… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff