All posts by Shannon

Re: IRA Distribution or HELOC for Home Improvement

mjb49 wrote: ↑

Sat Jul 21, 2018 11:05 am

dandinsac wrote: ↑

Sat Jul 21, 2018 10:50 am


One approach would be to start with the HELOC and use those funds to get the project started. I did this with a kitchen remodel and when I didn’t have enough funds in my checking, I’d write checks from the HELOC as needed to pay my contractor. You shouldn’t have to take out the loan in a lump sum.

At the end of 2018, withdraw from the IRA as much as you can without paying the 22% Federal tax rate. Then pay off part of the HELOC with these funds. This will lower your balance and payments. Do the same thing in 2019.

Once you start taking social security, if you have other sources of income, it will be more difficult to stay below the 22% tax level.

I would recommend that you work to pay off the HELOC much sooner than 10 years as it’s likely to be a higher cost than you’ll earn from the IRA investments. Also, if it is an adjustable rate, you’ll want to watch that closely. Your interest payments may go up to a point where it makes sense to pay it off faster.

I like this idea!

The rate on our HELOC has gone up 0.5 percentage points already in 2018.

So I definitely would not assume that your current 4.25% will stay constant over 10 years.

Source

https://www.bogleheads.org/forum/viewtopic.php?f=2&t=254454&p=4030318

Amazon.com: efluky Mini Hot Melt Glue Gun with 20pcs Glue Sticks High Temperature Melting Glue Gun Kit Flexible Trigger for DIY Small Craft Projects&Sealing and Quick Repairs(20-watt, Blue): Home Improvement

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efluky Mini Hot Melt Glue Gun with 20pcs Glue Sticks High Temperature Melting Glue Gun Kit Flexible Trigger for DIY Small Craft Projects&Sealing and Quick Repairs(20-watt, Blue)

  • Heats up in 3-5 minutes and maintain constant temperature automatically making it an ideal adhesive for home, office and school DIY crafts projects including metal, wood, glass, card, fabric, plastic, ceramics and so on.
  • Safety and comfortable power switch with LED light mode. With detachable and flexible support to keep the gun stable and upright, and allow you to use this gun in any angle.
  • Trigger propulsion device controls glue flow will help you save much more glue sticks. With high quality and insulated nozzle, there’s no deforming of the gun even long-term use under 500℉.
  • Including 20pcs environmental-friendly glue sticks (o.27 inch *10.6 inch each), with super strong adhesive and easy cleaning properties to protect your health and items.
  • 100% satisfaction guarantee. If you have any questions about this product, please feel free to contact us and we will try our best to help you solve the problem.

›See more product details

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Product description

How do we use glue gun?
1. Insert the glue stick from the back of the glue gun;
2. Plug to preheat for 3-5 minutes;
3. Pull the trigger to use it (if the glue stick can not be used immediately, leave the stick stick remaining in the gun).

Note:
1. Keep the glue sticks clean to avoid blocking the nozzle
2. Forbidden to use in flammable and explosive conditions when heated to high temperatures
3. To avoid electric shock during use, do not use it in a humid environment and keep it out of the reach of children.

Specifications of Glue Piston:
Material: aluminum and plastic
Working Power: 20W
Working voltage: 100 to 230 volts
Working temperature: 356 to 392
Diameter of the nozzle: 0.17 – 0.19 cm
Warm-up time: 3-5 minutes
Cable length: 110 cm
Size: 14 * 11 * 2 cm
Color:blue

Specifications of hot melt glue
Color: 1/2 transparent
Working time: 10-20S
Size: 0.7 cm (diameter) * 27 cm (length)
Material: EVA

Even:
1 x Silicone Gun
20 x hot melt glue

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Solutions for tough home improvement and interior design issues

By Heidi Stevens

Ludwig Van Beethoven once declared that “Love, and love alone, is capable of giving thee a happier life.” Come again?

Call us shallow, but we are fairly certain that skim-coating your walls can actually give thee a happier life. Or crown molding: Crown molding makes us pretty happy. If you can have those things and love, well, that’s real happiness. A home renovation project, after all, is not the backdrop against which bliss typically blossoms. Tattered nerves, clashing tastes, blown budgets. It can all go sour pretty quickly. That’s why we’ve called in the House Therapist*, our in-house expert on keeping the peace, even while the literal dust is flying. Happy renovating!

Q: I want to surprise my partner with a perk-up of our vintage (midcentury) living room without spending a ton of money. Ideas?

A: Have custom baseboards made. You may think baseboards will go unnoticed, but they won’t. Beauty can be found in the details, and having new, clean, painted baseboards adds a crisp, finished, detail to the room. It’s akin to topping off the perfect outfit with just the right shoes.

Q: There’s no way to expand my galley kitchen without creating the mother of all renovations. What to do?

A: Hire a designer who specializes in space planning. Our kitchen renovation didn’t gain us an ounce of floor space, but it did gain more storage where it mattered; as in a skinny pantry that now holds all the stuff we use every day — cereal, onions, coffee, bourbon … coffee. And taller cupboards allowed storage for things like oversize roasters and the bulky Cuisinart. All you need to make this plan work is a folding step stool. (Get the one made by Hafele. It lasts forever, folds with ease and hangs on a hook.)

Q: Now that the kids are a little older, my husband and I like to enjoy quiet dinners in our backyard. Is there a way to make it more atmospheric?

A: Build an arbor. If you specify hefty lumber (use 8-by-8 posts for support, for instance, or opt for pre-milled porch pillars) and keep the design simple, anyone with reasonable carpentry skills can build it. It’s the construction project that gives the most bang for your buck, hands down.

Q: My husband and I go to the paint store excited to choose new wall colors, but what should be a fun project inevitably turns into a battle over colors. Help!

A: If my husband and I had a dollar for every time we left a paint store tired, depressed and paintless, we’d have enough money to buy separate houses and paint them however the heck we like. Bright orange? For the DINING ROOM? HAVE YOU LOST ALL FIVE SENSES? Sorry. Keeping the peace. Something that has worked for us is to trade off rooms. That is, this go round, I choose the color of the bedroom and he gets the dining room. Next time we switch. Remember, it’s only paint. Just like a bad haircut grows back, color can be changed.

Q: The new baby means my house now is without a guest room. Where will I put the out-of-town relatives?

A: A hotel. Oh, wait. (Why is it so hard to remember that keeping-the-peace bit?) Any room with reasonable bathroom access and some claim to privacy can accommodate a Murphy bed. Folding beds have gotten pretty high-tech (you can even get expensive ones that lower from the ceiling) and offer real mattresses instead of those flimsy sofa bed things.

Q: I’m sick of the kicked baseboards and dirty interior doors at home. My wife refuses to have our children’s feet removed. Now what?

A: Both baseboards and interior doors — especially the latter — look great in black. Glossy black doors are a good accent in either a vintage or more modern interior, focusing eyes on the architecture, whether it’s simple or more detailed. They offer a good hit of visual punctuation and, in a high-gloss finish, also stand up to the abuse that these places get. If you’re determined to stay white, acquaint yourself with Magic Erasers and embrace the zen of scrubbing.

Source

https://www.mercurynews.com/2018/07/26/the-house-therapist-is-in-with-6-solutions-for-your-tough-home-issues/

Friedman’s Home Improvement to open new distribution yard in Windsor

In response to the surge of building after last fall’s wildfires, Friedman’s Home Improvement will open a new distribution yard to serve the construction industry.

Friedman’s has leased a 3.5-acre yard in the Pruitt Industrial Park off Shiloh Road in Windsor, the company announced Thursday. The yard, which features an existing 30,000-square-foot warehouse, is slated to start making its first deliveries in December.

Such a yard is needed to serve “the massive building efforts that will be going on in the next decade” around the region, said Barry Friedman, the company’s president and CEO.

“We feel the time is now for us to open up this yard,” he said.

The October wildfires were the most destructive in state history. The blazes claimed 40 lives and destroyed more than 6,000 homes in the North Bay.

Building industry leaders have predicted rebuilding what was lost in the fires could take a decade.

In Sonoma County, fire survivors to date have applied to rebuild more than 1,300 homes, according to city and county records. Nearly 5,300 homes burned in the county.

In addition to the rebuild efforts, elected officials have called for constructing as many as 30,000 new housing units in the county in the next five years. In the last decade, the county averaged less than 1,000 new units a year.

Friedman said his staff has long seen a need to separate contractor deliveries from the store yards that also serve the general public. Opening the distribution yard can allow more efficient deliveries to job sites and reduce congestion at the store yards.

“It’s going to enhance the service and ease of shopping for all customers,” he said.

Friedman’s has stores in Santa Rosa, Petaluma, Sonoma and Ukiah.

The Windsor yard will not be open to the public. Contractors will continue to place orders through the sales teams at the four retail outlets, while deliveries will come from the new distribution center.

You can reach Staff Writer Robert Digitale at 707-521-5285 or robert.digitale@pressdemocrat.com. On Twitter @rdigit.

Source

http://www.pressdemocrat.com/news/local/8572824-181/friedmans-home-improvement-to-open

Better Business Bureau Warns of Home Improvement Scams

(Raleigh – July 26, 2018) According to Harvard’s Joint Center for Housing Studies, American homeowners spent an estimated $383.3 billion on home improvements in 2017. With summer being a popular time for homeowners to begin prepping for the upcoming season, Better Business Bureau serving Eastern North Carolina (BBB) is cautioning consumers to be alert of scammers targeting homeowners.

“During the warmer months, BBB receives an increase of reported door-to-door scams,” says Mallory Wojciechowski, president and CEO of Better Business Bureau serving Eastern NC. “Before hiring a contractor to do work on your home, do your homework ahead of time to ensure you are dealing with a trustworthy professional.”

In 2017, BBB received over 4,300 complaints nationwide for home improvement companies. BBB advises homeowners to be wary of contractors who promise work at heavily discounted prices or travel door-to-door claiming they’re doing work in the neighborhood. If it ends up being a scam, the scammer will either take your money and run or provide sub par service.

Common home repair scams to look out for:
Chimney and Roof Repairs. Scammers disguised as chimney sweeps will tell you your chimney needs to be inspected, and then use hard sales tactics to get you to make expensive, unfounded repairs. Don’t fall for it.

Gutter Cleaning. Fraudulent gutter cleaners tend to prey on the elderly or those who cannot clean their gutters easily. They will claim they have worked in the neighborhood before and quote you a very low estimate in return for shoddy, incomplete work.

Energy Audits and Door-to-Door Furnace Repairs. Many scammers offer a “free” energy audit to reduce heating costs, claiming to be a representative from your local utility company. They insist on costly upgrades for your attic, such as solar blankets or insulation, and may or may not burglarize your home while conducting the audit

Duct Work Cleaning. Duct work cleaning is rarely a necessity, so take caution. Scammers are known to damage your heating system while cleaning it in order to leech more money out of you for repairs. They also may create indoor air hazards.

Before hiring a contractor BBB recommends the following tips:
Do your research. Never make an on the spot decision. Head to bbb.org to get more information on the company and read past customer reviews and complaints. To find a reputable contractor, check out BBB’s Accredited Business Directory.

Check out licenses. Be sure to check if the business is properly licensed in North Carolina. It’s also important that any business you hire is properly insured if working on your home.

Get multiple estimates. Before accepting an estimate, get at least three bids or quotes in writing. Be wary of estimates that are extremely low. While, as consumers, we want to save money, it is important to realize the contractor does still need to earn money and often times scammers will offer extremely low prices to entice business.

Ask for references. Ask for at least two or three references from the business’s last few jobs and ask questions about the quality of work, if it was within budget and on time, and to the customer’s satisfaction.

Get everything in writing. Do not sign a contract until you have read through it entirely. If you made verbal agreements, they should be included in the written contract. Any deposit or payment plans should be included, as well as, any warranties or guarantees.

About BBB serving Eastern North Carolina
Better Business Bureau serving Eastern North Carolina is a 501(c)(6) not-for-profit corporation serving 33 counties in eastern North Carolina. The organization is funded primarily by BBB Accredited Business fees from over 3,700 local businesses and professional firms. BBB promotes integrity, consumer confidence and business ethics through business self-regulation in the local marketplace. Services provided by BBB include reports on companies and charitable organizations, general monitoring of advertising in the marketplace, consumer/business education programs and dispute resolution services. All services are provided at no cost to the public, with the occasional exception of mediation and arbitration. Visit

Source

http://www.aberdeentimes.com/local/crime-reports/9059-better-business-bureau-warns-of-home-improvement-scams

Showered With Style How to Plan Your First Bathroom Renovation

Showered With Style How to Plan Your First Bathroom Renovation

Whether you’re renovating for your own enjoyment or for an investment property, proper planning will ensure you end up with the result you want without going over-budget or cutting corners on design or quality along the way. Follow these recommendations to ensure your bathroom reno runs smoothly and gives you the result you are after.

Make a Style Decision

This might be the most important first step because it’s going to influence the rest of the renovation. To ensure you have a cohesive look that stays under budget, you need to make a solid decision on the direction you are headed in from the get-go and then stick to that. One of the main reasons budgets blow out is because people jump in too soon then get halfway through and make a drastic twist in the style they are going for and then have to redo a whole lot of the bathroom.

Don’t make that mistake. Take the time to research and decide in detail on the perfect bathroom space for your home. Be sure to plan everything and make choices on what you want the colors, the cabinetry, the tapware to be before you start buying or building. Collect images and create a collage of your vision.

Plan the Layout

Once you know what style you going for, figure out how you are going to adapt that style to the space you have. You might really want a claw-foot tub but if it’s not going to fit into the space that you have, you will have to revise your decisions and go for an alternative.

Draw an outline of the space you’re working with and experiment with different layout options, to ensure that you are going to end up maximizing the space you have available. Don’t just set out one layout option and jump straight in, create a few, stick them on the wall, envision what it would be like and then make a decision after letting the ideas sit and stew for a while. And make sure that your final layout will fit within your budget constraints – depending on your budget you might not want to alter the plumbing set up too much. If you’re unsure about costs, get in touch with a to discuss your layout options and get a quote.

Budget Your Bathroom

Speaking of budgets – once you have a layout in place, then add up how much you think it all will cost. Get a quote where you can and shop around online or in-store for the best prices on fittings and fixtures. Get a good idea of how much it’s all going to and then add some. Always over budget to ensure you don’t get caught out with hidden fees. Adding at least an extra 10% onto your initial budget is recommended. Then, once you commence work keep track of every expenditure you have and check in regularly on how you are going in sticking to your budget.

Stay On Top

Stay on top and in control of the renovation from the get-go. Be organized and plan for as much as you can, then keep track of everything once the reno starts. The last thing you want to do it make rushed decisions or cut corners when you are halfway through and be left with an end result that you aren’t entirely happy with.

A quality bathroom is something you will enjoy and that buyers will pay for, so think of your bathroom renovation as a real investment in your property. It can be a big hassle, but once it’s done you will be so glad you did it and you’ll get years of enjoyment out of it.

Thank you,

Glenda, Charlie and David Cates

I know You Love to Share!

Source

http://www.themommiesreviews.com/showered-with-style-how-to-plan-your-first-bathroom-renovation/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MommiesReviews+%28Mommies+Reviews%29