Four Signs You Have Mold In Your Attic, And What You Can Do About It, Now!

Signs of mold in your attic can be indicative of a bigger problem in your house, which is why it is a good idea to nip this situation in the bud as soon as you see it developing.

The signs of this type of fungus can be quite diverse and sometimes unexpected, so it pays to understand exactly what to look for if you suspect you have mold in your attic. Here are the four signs that you have mold in your attic, as well as what you can do about it right now.

Sign #1: You Spot Condensation In Your Attic

Condensation often occurs in cold spots in your home, and it is also one of the primary causes of mold. In fact, if you have condensation, it may build up and start to form droplets or even small pools of water. Look for condensation to appear in places such as metal pipes and windows, and any area in the attic that is cold to the touch.

Sign #2: Water Leaks In From Outside

Continuing the pattern that mold relates to moisture, water leaks can be a surefire indication of mold. If you notice a leak in your roof from the attic, then that's a pretty reliable indication of a mold problem. Sometimes, though, water leaks can be hidden, as when they occur inside the wall cavities of your attic.

Sign #3: Are There Any Water Stains On The Ceiling?

When you spot water stains on the ceiling of your attic, you can expect it will turn out to be mold. This holds especially true if the water stains that you see are yellowish in appearance. Water stains can also appear in even darker colors – and if they do, it's a major sign that you have mold.

Sign #4: Rust On Pipes, Nails And Windows

Rust is never a good thing to spot in your attic, as this is a reliable sign of a mold problem. Examples of places where you might see rust in your attic are on the metal pipes, the windows and on any nails. When rust shows up, this usually indicates that it is related to another water problem, such as a water leak, a water stain or simple condensation.

What To Do About A Mold Problem

A mold problem in your home deserves immediate attention and correction, as allowing mold to fester can result in health problems and damage to your home's structure. The first step to deal with the issue is to get a mold inspection done in your attic, which is helpful in uncovering hidden mold as well. Then, if the test shows mold in an area greater than 10 square feet, it's time to call in a professional mold remover.

These are the four signs of mold and what to do about mold once you spot it. It's important that you are able to spot all of these important indications of mold, as it can be highly destructive and unhealthy if left untreated. Don't forget to call your trusted real estate professional today for more information on residential issues.

What's Ahead For Mortgage Rates This Week - May 19, 2014

Last week's economic news was relatively flat, but highlights include the NAHB Housing Market Index for May, which posted its lowest reading since May 2013. Although analysts expected a May reading of 48, the May 2014 index reading was 45 as compared to April's reading of 46.

The NAHB reported that rising home prices and unpredictable job markets were factors in builders' loss of confidence. Although the economy is growing stronger, many would-be homebuyers remain skeptical of economic conditions and remain on the sidelines.

NAHB: Stronger Builder Confidence Expected in Coming Months

Builder confidence in market conditions for single family homes within the next six months were higher at 57, a one-point improvement over April's reading. Builder confidence in buyer foot traffic increased by two points to 33; this was likely a result of warmer weather. David Crowe, chief economist of the NAHB, said that builder confidence is expected to improve as consumers grow more secure about their employment.

Economy: Retail Sales Slow

Retail sales for April posted a gain of 0.10 percent over the March reading of an upwardly revised 1.50 percent and expectations of 0.40 percent for April. The Commerce Department reported that without the automotive sector, April's retail sales were unchanged. The difference between March and April retail sales readings was attributed to a burst of spending after severe winter weather and the Easter holiday.

Mortgage Rates, Jobless Claims Lower

Freddie Mac reported lower average mortgage rates across the board, with the average rate for a 30-year fixed rate mortgage one basis point lower at 4.20 percent. The average rate for a 15-year mortgage was three basis points lower at 3.29 percent. Discount points for 30 and 15-year mortgages were unchanged at 0.60 percent. The average rate for a 5/1 adjustable rate mortgage fell by four basis points to 3.01 percent. Discount points dropped from 0.50 percent to 0.40 percent. 

New Jobless claims fell from the prior week's reading of 321,000 to 297,000. Analysts had expected jobless claims to be unchanged from the prior week's reading.

Manufacturing Sector Shows Strength

The Empire State Index, which measures manufacturing growth in New York rose to 19.0 in May against an expected reading of 5.0 and April's reading of 1.3. The Philly Fed Index, another indicator of manufacturing, surpassed its expected reading of 14.3 and came in at 15.4, but May's reading was lower than April's 16.6.

This Week

This week's scheduled economic news includes the release of the minutes of the last FOMC meeting, New Jobless Claims, Freddie Mac's report on mortgage rates, Existing Home Sales, New Home Sales and Leading Indicators. 

Which Type Of Pool Is Right For You? We Look At The Best Designs For Your Backyard

The decision to install a pool is generally one that is applauded by at least certain members of the family. Whether you have children or not, however, having a pool at home is certainly something you can enjoy for yourself.

But what if you don't think your yard is particularly suited to a pool? Don't rule out the idea just yet; instead, consider some of these different pool designs to suit different sizes and styles of backyards.

Make The Most Of Your Small Backyard

For a relatively small backyard, you should always choose the right pool design that will ensure you make the most of the space.

A particularly good option for a smaller backyard is opting for an above-ground pool and having a custom wood deck built around one side of it, while leave the opposite side open for the kids to play in.

The addition, the wood deck will offer easy access for the kids to get into the pool, and will also give you a place to sunbathe while watching the kids splash around.

Single-Use, Modern Yard: Fiberglass Pool

For an ultra-modern backyard that is relatively small, and especially for a single-use backyard that is going to be dedicated to your swimming pool, a fiberglass pool might be your best option. Since the pool arrives in one single piece, already fully finished, the installation process is very quick and efficient.

Offered in a variety of different shapes, sizes, and styles, you can surely find a fiberglass pool that fits your single-use yard, and you could even have it ready to use within one week. You'll find that the smooth surface of a fiberglass pool is appealing. These pools are also easy to maintain as only a few chemicals are required for cleaning.

With this type of pool that you'll commonly find in vacation homes with modern, polished concrete backyards, you can turn your home into your favorite holiday destination, and much quicker than you might have guessed.

Customizable Concrete Pool For A Large Yard

If you have a large yard and aren't concerned about using up too much space by having a swimming pool put in, why not opt for the most customizable concrete variety? A concrete pool can be constructed in virtually any shape or size you choose, allowing you to put your best creativity to use.

You can opt for texturized pool surfaces as well as well as plenty of add-ons and built-in features, such as a custom entry or a ledge for sunbathing. Customized concrete pools usually take about 12 weeks to build. You can also opt to have a concrete or tile surface installed around the pool, while still leaving plenty of grass and gardening space in your backyard.

These pools are also a great option for irregular backyards, as they can be customized to fit into virtually any shape, just as long as your yard is large enough.

When it comes to house shopping, you can opt to buy a house that already has a pool. Or if you'd prefer to be more involved in the process, you can simply look for a house with a suitable yard. For a list of suitable homes in your area that you can view today, get in touch with your real estate professional and get closer to that at-home dip you've been dreaming of.

Creative Window Treatments That Will Totally Reinvent Your Home

There are a number of ways that you can improve the look and style of a room without having to spend an arm and a leg. Of course, painting and stenciling are the most affordable ways to bring new life and unique detail to an old room.

But if you're intent on taking it to the next level, look no further than your windows.

Your options are nearly unlimited when it comes to sprucing up your windows - and the great news is that with a little creativity, you can use many products that are relatively inexpensive to buy.

Creativity doesn't cost a thing, so check out these design ideas to get those creative juices flowing. You may be surprised to discover that many possible window treatments are already sitting in your attic or garage.

Bringing The Outside In

If you're a scavenger and regular Sunday garage sale goer, you may discover the perfect piece of outer decor that can transition nicely into the interior. Consider a wood awning effect by using shingles or reclaimed wood for a rustic appearance.

Another trend that designers are seeing this year is in the use of stained glass or reclaimed woodcarvings that have been saved from demolition. Having a hand-carved feature is going to cost quite a bit to get custom made. However, many old doors and shutters can provide the same look without the need to have them custom built.

Creative Paint Projects For Fresh And Original Windows

When it comes to customizing your one-of-a-kind look, a painting project is a great way to create something original. You can get fabric-specific paints, as well as functional white or cream linens, for a minor sum. There are also services that can even print a design or picture directly onto your fabric for a unique and professional creation.

To create an immediate tie-in to a color scheme or accent color, consider painting the trim and wood slats of the window. This is an excellent and cost effective way to bring attention to your design features but also help to anchor a color within a room.

Cornice Boards Can Add A Finishing Touch

In the past, cornice boards were used to add weight and height to a window treatment. These days, they can also add architectural detail to spice up a room that appears flat and boxy. The great thing about cornice boards is that they can be individualized to suit the design and color scheme of the room: either with a solid paint job, or with monograms or stenciled images.

Thanks to the unique designs that you can create with these window treatments, you'll never again have that "pre-packaged" look for your windows. As your lifestyle changes, a fresh coat of paint will rejuvenate the look and can quickly be adapted to match the new color palettes of future trends.

Reinventing windows is a great way to aid in a home staging project in order to prepare and beautify a home for sale. For more tips on updating your home's look, call your trusted real estate professional today for answers and advice.

Five Elegant Lighting Ideas That Will Transform Your Living Room

When it comes to selling your home, there are many measures you can take as a homeowner to increase its value and appeal. You can often accomplish this through something as simple as updating your home's light fixtures.

Here are some easy lighting solutions you can bring into your home that will transform your living room, and make the space much more appealing to your prospective home buyers.

Add A Chandelier For A Shimmery Focal Point

Here’s how you can lend your living room an air of class that can't be paralleled: install a beautiful crystal chandelier. As something that never goes out of style in the world of interior design, chandeliers have actually seen a big comeback.

You'll be immediately surprised how something so simple and classic will transform your living room, suddenly making it your new favorite room in the house.

Balance And Character: Side Table Lamps

If you're looking for a way to transform your living room that will tie the design together and won't be too difficult to install, perhaps opt for matching side table lamps. Just by adding a pair of matching lamps to your living room, you'd be surprised by the level of cohesion your living room will suddenly have. Table lamps can offer the perfect amount of lighting for a more intimate or relaxed setting, as well.

Demure Brilliance: Recessed Spot Lighting

Recessed spot lighting is something homeowners sometimes opt to have installed throughout their entire home, since it offers a sense of demure brilliance. Well hidden and offering the best of warmth and light, recessed spot lighting can highlight your living room's focal artwork or simply light the entire room for a welcoming sitting area.

Retro Style: Arc Floor Lamp

The arc floor lamp has become a hit in the world of homes, too, bringing with it a sense of retro fun we've missed for so long. This is a simple and easy fix that can transform your living room without the need for screws and tools. This grandiose arc-style lamp also creates a focal point similar to how a chandelier might, but is much easier installed: just plug it in!

Subtle Modernity: Mounted Ceiling Fixture

For an update that is quick and easy but will allow for ample lighting in your living room, consider the installation of a subtle ceiling light fixture that is mounted close to the ceiling. This is a perfect solution for a living room that has another focal point, like a piece of artwork, and it will bring a sense of modernity to your space that will transform it more than you might expect.

In the world of home lighting, you'll soon realize just how many options are available to you that will surely increase your home's appeal. Creating a warm and welcoming space, especially one as significant as the living room, is key to ensuring that your home shows well and is something that prospective homebuyers love.

For more information on how you can increase your home's appeal to the buyers in your market, call your trusted real estate professional today. 

Stop The Rot: The Easy Guide To Preventing Dry Rot In Your Home

Did you know that dry rot is ironically created from having too much moisture come in contact with wood?

The fact is many homeowners are unaware that dry rot is even setting in, so the first step toward prevention is being able to diagnose possible areas of exposure before dry rot becomes a major renovation expense.

Remember that dry rot to your foundation can be an extremely costly repair and will definitely figure prominently into the total value of your property when a house inspection is completed prior to a sale.

As well, fungus and mold spores can affect the air quality of your home, which is a health problem for not only you and your family but also for prospective buyers.

Identifying Leaks To Your Water Membrane

In a very simple sense, discovering moisture or a leak on a wall or ceiling is an early sign that damage is occurring. Always inspect ceilings for particular evidence, especially around skylights and exhaust piping, as well as heating or cooling ducts. If damage was done to your roofing membrane during an installation or renovation, water can seep through.

Do an inspection of your basement in order to determine if any discoloring is happening to walls or wood. If you can smell mold or mildew, you may have a problem. However, this doesn't mean that you're already suffering from dry rot, just that the area is a hazard and should be sealed properly. Deal with the cause of the leak before you proceed to the repair stage.

Replacing The Affected Areas

If you have discovered wood that is either in the process of rotting, or has succumb to some water damage, the best thing to do is simply replace it. Once you've sealed the leak that initially caused the damage, discuss with your contractor the scope of the replacement job.

When installing new wood, it's best to make sure that it's treated with a Borate wood preservative to prolong its life and resilience to fungal infection. In some cases, you may not need to replace wood at all. You may be able to get away with only cleaning and then treating the area with Boric Acid, a fungicide that will slow down the spread of existing fungus and kill future growth.

Choosing The Right Fungicide And Preservative

This step will depend on the unique needs of your home's situation. Generally, you have the option to choose between a dry powder and a glycol-based liquid concentrate. While the powder may appear less expensive, it may not do as thorough a job of absorbing deeply into the wood fibers.

Depending on the depth of fungal intrusion, you may need to use the more powerful liquid substance. Both are easy to apply, so you should be able to tackle this task yourself.

Maintaining the quality of your home is essential for keeping up its value when it comes time to sell. Call your trusted real estate professional today for more advice on preserving the value of your investment and identifying areas of risk and exposure to dry rot.

Remember that it's far easier to deal with problems now before they develop into major expenses down the road.

What's Ahead For Mortgage Rates This Week - May 12, 2014

Results from a Federal Reserve survey of senior bank loan officers indicated that lenders have held the line on prime lending standards and have raised standards for sub-prime and non-traditional home loans.

Survey respondents represented 74 U.S. banks and 23 foreign banks. Survey respondents also said that demand for mortgage loans was lower; this could be an unintentional result of tight credit standards for mortgage loans.

Analysts said that tight credit requirements and less demand for home loans could mean more trouble for the housing industry.

Home Prices Rise In March, But At Slower Rate

The annual rate of increase for national home prices was 11.10 percent as compared to February's 11.80 percent year-over-year rate of increase.

February's reading was the fastest pace of home price growth in eight years, but March's slower level of home price appreciation was the lowest month-to-month reading in three years. Fewer affordable homes were cited as a reason for slower growth in housing markets.

CoreLogic reported that home prices rose by 1.40 percent in March, and that Arkansas was the only state that posted a drop in home prices. Several states, including North Dakota and Texas, achieved new peaks in home prices due to strong job growth.

The slow-down in home price growth isn't necessarily all bad news; analysts said that home prices could not continue to climb when household incomes aren't keeping up.

Many first-time buyers have been sidelined with a combination of slow job growth, higher home prices and tight mortgage credit. CoreLogic reported that these factors contributed to their forecast for home prices to grow by about 6.70 percent in 2015.

Mortgage Rates Fall, Fed Chair Speaks

Freddie Mac reported lower average mortgage rates on Thursday. The rate for a 30-year fixed rate mortgage was 4.21 percent as compared to last week's reading of 4.29 percent. Discount points dropped from 0.70 to 0.50 percent. The average rate for a 15-year mortgage was 3.32 percent and six basis points lower than the prior rate of 3.38 percent.

Discount points were unchanged at 0.60 percent. The rate for a 5/1 adjustable rate mortgage was unchanged at 3.05 percent, but discount points dropped from 0.50 to 0.40 percent.

Janet Yellin, chair of the Federal Reserve, spoke before the Senate Budget Committee on Thursday and said that the Fed can shrink its current balance sheet of $4.3 trillion by not reinvesting proceeds from its portfolio of maturing bonds.

This is directly connected to the Fed's tapering of its quantitative easing (QE) program, which is currently at a level of $45 billion per month in mortgage backed securities (MBS) and treasury securities.

Some analysts believe that members of the Fed's FOMC meeting discussed the end of QE in their last meeting, but this cannot be verified until the minutes of the meeting are released May 21.

The end of QE could cause higher mortgage rates as the program's purpose is to hold down long-term interest rates.

Weekly Jobless claims fell to a new low of 319,000 against predictions for 325,000 new jobless claims and 345,000 new claims for the prior week. Seasonal anomalies caused by the Easter holiday and spring break schedules were cited as causes for ups and downs in new jobless claims in recent weeks.

What's Next

This week's scheduled economic news includes several consumer-related reports including Retail sales, Consumer Price Index, core CPI, Homebuilder's Index, and Housing Starts.