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Twin Falls Idaho Real Estate Blog

Sid Lezamiz

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Homeowner’s Insurance Unexpected Coverage

by Sid Lezamiz

Homeowner’s Insurance Unexpected Coverage

If you own a home and have a mortgage, there is no question you will have at least a basic coverage homeowner’s insurance policy, known within the insurance industry as a HO-3. It is important to know your policies inclusions as well as exclusions.

Some unexpected coverage a HO-3 basic homeowner’s policy may provide:

Mandated upgrades. If code has changed since your home was damaged, your policy will pay for the upgrades to code, even though you may have not had the upgrades before the damage.

Spoiled food due to power outage. Usually up to $500 replacement cost for refrigerated and or frozen items due to power outage.

Student property. If a household family member is away at college, the policy covers personal property for the student in a dorm room, but not off campus living.

Possessions away from home. Storage units, hotel rooms, luggage when traveling, even when out of the country.

Liability coverage for dog bites, slander and libel. Your policy will have a stated liability limit. It will cover dog bites and written as well as oral slander or libel suits.

Falling objects, burst pipes. Damage to the outside of the home as well belongings inside.

Living expenses. If your home is damaged and uninhabitable, hotel and restaurant expenses are covered, although most policies have a limit.

Miscellaneous accidents. Damage caused by a homeowner or household member when away from home.

It is also important to know that HO-3 policies do NOT cover unless stated:

Floods. Earthquakes. Routine wear and tear or maintenance.


http://www.lezamizrealestate.com/blog/Homeowners-Insurance-Unexpected-Coverage

Idaho Birding Trail

by Sid Lezamiz

Idaho Birding Trail

With opening day of school just 1 month away it may be a good time for a few end of summer vacation trips. What better day trip for the family than a visit to one of the 175 sites with over 2000 miles of trails that encompass Idaho Birding Trail. Created by a state resolution in 2006, Idaho Birding Trail was established as the official state birding trail.

An easily achieved day trip to part of the Idaho Birding Trail, is Hagerman Wildlife Management Area. Designated a Blue Ribbon site, Hagerman WMA represents one of the “best of the best”. Located just 32 miles northwest of Twin Falls you can also pass by the Hagerman National Fish Hatchery where visitors are welcome to view the show pond displaying large rainbow trout, golden rainbows, sturgeon, and tiger muskies.

During spring and summer at Hagerman WMA waterbirds such as:

  • American Coot, Pied-billed Grebe, Western Grebe, American Bittern, Virginia Rail, Sora, California Gull, Double-crested Cormorant, Forster's Tern

and shorebirds such as:

  • Black-necked Stilt, American Avocet, Long-billed Curlew, are commonly seen.

Both Hagerman Fish Hatchery and Hagerman Wildlife Management Area are free to visitors.

Another “priceless” protected wilderness and recreation area to visit in the Gem state and beautiful Magic Valley.

 


http://www.lezamizrealestate.com/blog/Idaho-Birding-Trail

First Home Essentials

by Sid Lezamiz

First Home Essentials

The learning curve is significant for first time home ownership. It starts with saving for a down payment and continues during the looking and buying stage. The ongoing education kicks into high gear when you close and move in.

Moving into your first home can be physically and emotionally draining, as well as exhilarating and exciting. Give yourself a few housewarming gifts that you will never regret and will be an immediate help and lifelong part of your home.

Fire Extinguisher. It speaks for itself. Have one that you know how to operate and install it in an easy location that all adult household members can access.

Basic Tool Kit. Hammer, pliers, screwdrivers, small drill, handsaw, tape measure, utility knife, a roll of duct tape. Big box stores may have one all ready to go in a tidy tool bag or box. Add to the basics as the need arises.

Ladders. A small step stool that gets you to the upper kitchen cupboards and a taller one that gets you to the top of the windows for washing or hanging curtain rods. Lightweight and safe.

Wet/Dry Vacuum. When you need the wet part of the vacuum it will be too late to run out and buy one. Having a good wet/dry vacuum on hand will be a staple in maintaining a new household, not to mention a great way to keep your garage and car clean.

Extension Cords. A few different types and sizes go a long way to accomplishing small jobs or pleasing furniture arrangement.


http://www.lezamizrealestate.com/blog/First-Home-Essentials

The American Flag

by Sid Lezamiz

The American Flag

  • Red symbolizes hardiness and valor.
  • White symbolizes purity and innocence.
  • Blue represents vigilance, perseverance and justice.
  • Thirteen stripes, one for each original colony.
  • Fifty stars, one for each state.
  • Most popular nickname, “Old Glory”.
Fireworks on the Fourth of July
10 p.m. at the College of Southern Idaho, Twin Falls.
15 minutes after dark at the Burley City Golf Course, Burley.

 

We are all blessed to have our independence and live in a privileged nation.

Have a safe and happy 4th of July from the team at Lezamiz Real Estate.

 

http://www.lezamizrealestate.com/blog/The-American-Flag

Appraisals

by Sid Lezamiz

Appraisals

If you have listed and shown your home and find yourself with an acceptable offer, you will probably soon be hosting an appraiser who will be quite important in determining the value of your home for the buyers’ lender.

Now is NOT the time to skimp on preparing your home for sale. An appraisers report can make or break the sale.

The appraiser will be looking at the size, location, features and finishes of your home:

  • Size of the property lot
  • Quality of landscaping and driveway
  • Square footage of the home
  • General condition of the home including roof and windows
  • Number of bedrooms, bathrooms, and rooms
  • Quality of light and views
  • Fireplace
  • Swimming pool
  • Flooring finishes
  • Kitchen finishes
  • Bathroom finishes

The appraiser will then find recent sales of similar homes near your location and compare the sold properties to yours. For instance, if a home in your neighborhood used as a comp has 4 bedrooms and your home has 3 bedrooms, the appraiser may subtract from the selling price of the comparable property’s selling price an amount to account for the absence of one bedroom in your home. The appraiser may then add value back if your home has a larger lot and is better located within the neighborhood.

The appraiser also critiques the condition of your home and updates. Since a real person is gathering the information for the appraisal and not just analyzing a list from a sales document, it is important to show your home as if you were selling; clean, bright, free of pets and uncluttered.


http://www.lezamizrealestate.com/blog/Appraisals

Thousand Springs State Park

by Sid Lezamiz

Thousand Springs State Park

Highlighted on the Visit Idaho website as one of the locations in Idaho where you should “be a tourist in your own state” this summer, Thousand Springs State Park is right in our own backyard.

Located 33 miles west of Twin Falls in the Hagerman Valley, Thousand Springs features an underground aquifer running all the way from the Pioneer Mountains in central Idaho to below the Snake River Plain, providing thousands of gallons of water pouring over volcanic cliff faces.

Billingsley Creek along highway U.S. Highway 30 provides an indoor horse arena, spectacular wildlife views and excellent fishing.

Malad Gorge just off the Tuttle exit on Interstate 84 provides spectacular canyon views along with hiking and picnicking.

Ritter Island is huddled along the Snake River and a perfect location for bird watching in addition to hosting the annual Thousand Springs Art Festival scheduled this year for September 23 & 24th.

Kelton Trail where old wagon wheel ruts from traffic to the Kelton, Utah railhead and Indian rock piles on the rim to capture bison still remain. A treasure for history buffs.

Niagara Spring a National Natural Landmark, spews icy blue glacial water down the canyon wall creating an unforgettable sight.

Be a tourist in Idaho this summer.

 

http://www.lezamizrealestate.com/blog/Thousand-Springs-State-Park

Debt-to-Income Changes by Fannie Mae

by Sid Lezamiz

Debt-to-Income Changes by Fannie Mae

Starting July 29th Fannie Mae, the country’s largest source of mortgage money, will be easing the debt-to-income (DTI) ratio it uses to analyze mortgage applications.

DTI ratio consists of two parts:

Total monthly obligations. This includes the projected monthly principal and interest payment for the subject mortgage loan and other long-term and substantial short-term revolving debt. Generally this includes home insurance, car loans, school loans, credit card minimum payments, child support and/or alimony. Total recurring payments for installment debt.

Total monthly income of all borrowers. Proof of any income that will be used to qualify for the subject mortgage.
 

DTI calculations. The total of monthly obligations is divided by the qualifying total income to arrive at a percentage ratio.

Currently the highest acceptable rate for Fannie Mae mortgages is 45%. The rate will increase to 50% on July 29th. This small raise in DTI is projected to help Millennials who have struggled to balance their debt with their income in order to qualify for a mortgage.

Fannie Mae’s analysis across 15 years of data indicates borrowers with a 45 to 50% DTI, maintain good credit and are unlikely to default.


http://www.lezamizrealestate.com/blog/Debt-to-Income-Changes-by-Fannie-Mae

Top Home Buyer Turn Offs

by Sid Lezamiz

Top Home Buyer Turn Offs

There are a few things you can be sure that buyers looking at homes will routinely reject. They will notice them and will mentally deduct their own guesstimate of the fix from the listing price. It is wiser and more cost effective to eliminate the turn offs before listing and showing your home. You will recoup the cost of the fix and sell your home faster.

Popcorn ceilings. A popcorn ceiling will immediately date your home. Built sometime in the 50’s through the 70’s. Not only does it create a dated appearance, but if the popcorn contains asbestos it creates a health issue too. Though not inexpensive to scrape or install gypsum board over it, in the end it will be worth the work and expense.

Dark or bold paint colors. Even trendy colors cannot please everyone. Paint colors have become so individual, it is important to present a neutral landscape for buyers to envision themselves living in your home. Prime and paint over dark or trendy colors with a light neutral color.

Dated bathrooms. The room most likely to sell or not sell a home. Scouring grout, repainting and deep cleaning, along with staging using fresh white towels will present a clean if not up to date look. Make sure all the fixtures are in working order and simply present a clean and uncluttered space.

Pets. Even pet lovers don’t necessarily love your pets. The distraction of a pet in the house can completely ruin a showing, not to mention the reaction of a buyer who has a pet allergy. Remove pets during showings along with their cushions, kennels and feeding items. Be sure all pet odors are neutralized.

Messy garages and laundry rooms. Neat and tidy means there is room to work in both of these work areas. If they are filled with junk or a pile of laundry, it feels like there is not enough work or storage space in the area. Freshly laundered clothes can be left in the machines and in fact the clean smell can be a benefit.

Dark rooms. Open the window drapes and blinds and turn on the lights. Make sure all the bulbs in all the fixtures are working. Taking the time to turn on all the lights in your home before a showing cannot be overstated. It may be the difference between a first impression of dark and dingy or light and airy.


http://www.lezamizrealestate.com/blog/Top-Home-Buyer-Turn-Offs

Home Air Quality

by Sid Lezamiz

Home Air Quality

Keeping the air in your home healthy goes a long way to helping you stay healthy. Consider modern living with all the toxins and impurities we have attached to our daily lives. The one place we can control is the most important. We live, eat and sleep in our homes. It is important to take care of that crucial commodity, the air we breathe.

Begin with some easy DIY steps to improve the air quality in your home.

No smoking. If there is a smoker in the family, designate an outdoor smoking area. Keeping smoke out of the house is essential.

Test the air. Radon is colorless and odorless and in high levels in known to increase the risk of lung cancer. High levels in the home can be corrected. If you find levels to be high, using a qualified radon-mitigation contractor is the safest route.

Control the moisture. Air conditioning and a clean filter is the best approach. Add a dehumidifier in problem damp areas to ensure against mold and mites.

Reduce cleaning toxins. Pay attention to the products you use in your home, from cleaning supplies to paint and repair products. Using natural cleaning solutions rather than stronger more toxic ones will maintain a healthy air quality without adding to the problem you are trying to improve.

Vacuum frequently. Using a vacuum with a HEPA (high-efficiency particulate air) filter is an effective way to curb dust mites, pollen and animal dander.

Ventilate properly. The most important two areas are the bathroom and the cooktop in the kitchen. Both of these areas create perfect environments for unsafe air quality. Venting and extracting cooking fumes and moisture laden air reduces the chances of buildup.


http://www.lezamizrealestate.com/blog/Home-Air-Quality

Flags, History, Respect

by Sid Lezamiz

Flags, History, Respect

Memorial Day is observed annually on the last Monday in May, this year May 29th. This is the day when we remember and honor our armed services members and loved ones who have died.

“Memorial Day isn't just about honoring veterans, its honoring those who lost their lives. Veterans had the fortune of coming home. For us, that's a reminder of when we come home we still have a responsibility to serve. It's a continuation of service that honors our country and those who fell defending it.” -Pete Hegseth

It is a weekend to enjoy the outdoors with family and friends in the midst of the beauty and grandeur of Magic Valley, Idaho.

  • Sunset Memorial Park
  • Perrine Bridge
  • Shoshone Falls
  • Centennial Waterfront Park
  • Snake River Canyon Trail

Have a safe and fun Memorial Day weekend.

 

http://www.lezamizrealestate.com/blog/Flags-History-Respect

Displaying blog entries 1-10 of 248

Contact Information

Lezamiz Real Estate Co.
705 Fillmore, Suite 1
Twin Falls ID 83301
Office: 208-734-7007
clientcare@lezamizrealestate.com
Fax: 208-732-5384