Landlords can turn to several good books for legal and management advice. Some contain sample forms for the tenant’s move-in condition checklist, owner’s notice of intent to enter an occupied unit and warning notices, for example.
* “The Landlord’s Troubleshooter,” Robert Irwin, Dearborn Financial Publishing, Chicago; 1994.
* “The Landlord’s Law Book: Rights & Responsibilities,” David Brown and Ralph Warner, Nolo Press, Berkeley, Calif.; 1991.
How is a home’s value determined?
You have several ways to determine the value of a home.
An appraisal is a professional estimate of a property’s market value, based on recent sales of comparable properties, location, square footage and construction quality. This service varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a $250,000 house.
A comparative market analysis is an informal estimate of market value performed by a real estate agent based on similar sales and property attributes. Most agents offer free analyses in the hopes of winning your business.
You also can get a comparable sales report for a fee from private companies that specialize in real estate data or find comparable sales information available on various real estate Internet sites.
Where can I learn more about appealing my property taxes?
Contact your local tax assessor’s office to see what procedures to follow to appeal your property tax assessment. You may be able to appeal your assessment informally. Mostly likely, however, you will have to go through a formal tax-appeal processes, which begin with an appeal filed with the appropriate assessment appeals board.
How do property taxes work?
Property taxes are what most homeowners in the United States pay for the privilege of owning a piece of real estate with Completely Online Title Loans No Phone Calls , on average 1.25 percent of the property’s current market value. These annual local assessments by county or local authorities help pay for public services and are calculated using a variety of formulas.
Where do I get information on remodeling?
Try these sources:
* National Association of the Remodeling Industry, 4301 N. Fairfax Drive, Suite 310,Arlington, VA 22203; (703) 575-1100.
* “Rehab a Home With HUD?s 203(K),” published by the U.S. Department of Housing and Urban Development, 7th and D St., S.W., Washington, DC 20410.
* “Cost vs. Value Report,” by Remodeling magazine, 1 Thomas Circle, N.W., Suite 600, Washington, DC 20005. $8.95 per copy; call (202) 736-3447 for credit card orders.
* “The Do-able Renewable Home,” by the Coordination and Development Department, American Association of Retired Persons, 601 E St., N.W., Washington, DC 20049.
Where can I get a list of architects?
If you need an architect, contact a local chapter of the American Institute of Architects or the national organization itself at 1735 New York Avenue, N.W.; Washington, DC 20006; (202) 626-7300. Also contact friends or colleagues who have recently worked with an architect for referrals. Take the time to interview several before choosing an architect.
Four Steps To Fire Safety
Most home fires start between midnight and 6am when you’re least prepared to deal with danger. But by preparing ahead of time, you’ll greatly reduce the likelihood of being among the 6,000 fire casualties in the U.S. annually.
- Be Proactive Inside
Install smoke detectors in bedrooms, hallways, and your kitchen.
Check regularly for electrical hazards, such as overloaded plugs, and worn or broken electrical cords.
Store matches and lighters safely away from where children can reach them.
Keep halogen lamps away from curtains, posters, and bedding– the bulbs can be up to 1,200 degrees Fahrenheit.
- Check Around Outside
Store flammable liquids outside, or in metal cabinets.
Avoid storing items where fires could start undetected, like furnace rooms, balconies, and porches.
Clean and repair chimneys, flue pipes, vent connections, and gas vents.
Store a collapsible, non-flammable ladder on upper floors for emergency escapes.
- Have An Emergency Plan
Establish escape routes from each room and designate a meeting spot outside.
Conduct fire drills using your escape routes, and staying low to the ground.
Practice feeling doors for temperature being opening them, and closing doors as you leave to restrict the spread of fire, smoke, and heat.
- Get A Multi-Purpose Fire Extinguisher
Extinguisher labels carry symbols explaining the fire types they combat. Be careful the wrong extinguisher could actually spread a fire! Look for multi-purpose extinguishers rated “ABC” for:
Class A: wood, paper, fabric, rubber and plastics
Class B: petroleum-based products or flammable liquids, such as grease, oil, gasoline, tar, paints and cleaning solvents.
Class C: electrical equipment, outlets, etc.