Tag Archives: wisconsin real estate

Go Green With Tankless Water Heater

Homeowners who are concerned about the environment as well as saving money have many options when making upgrades to their home.  One of the lastest in eco-friendly, efficient, and  economical appliances are tankless water heaters. The Department of Energy or DOE tells us that hot water usage, specifically heating the water, is the 3rd largest day to day expense in the home. If you are looking to be more energy efficient and cut back on utility expenses, you may want to consider purchasing a tankless water heater.

If you are unfmailar on conventional water heaters work, they will keep your water hot 24/7, while an on-demand system, using the tankless approach, only heats water when you need it. An efficient gas burner quickly heats cold water traveling through the system to a preset temperature.

There are several common manufacturers of tankless water heaters – check out www.smarterhotwater.com, sponsored by Rheem. They tell us that annual costs for conventional water heating and storage (average) can be as much as $285, where the costs for tankless are more than $100 less per year on average.

So why haven’t we all converted? Tankless water heaters cost more up front – sometimes as much as twice more than traditional water systems. But adoption is growing as consumers become more and more concerned with efficiency and long term value for their dollars. Here’s a few reasons to consider going tankless:

1. Energy friendly and efficient. On demand systems can reduce energy costs as much as 25%.
2. Reliable and convenient. You get a continuous supply – imagine never running out of hot water!
3. Sleek and small. No more bulky tanks taking up valuable storage. Typical tankless heaters aren’t much bigger than a small suitcase.
4. Life expectancy.  Tankless water eaters are built to last  – 20 + years or more.
5. Versatility. It’s size and operating system allow you to place nearly anywhere in your home that is convenient for you.

Tankless water heaters are expensive, as noted and can be expensive to retrofit. If you are purchasing a new home that you plan to say in for a long time, the savings and benefits are worth the expense. If you are in a short term arrangement, the conventional water heaters may still be all you need for now. Also, avoid electric style tankless heaters – the gas units are much more efficient and affordable.

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Residential Appraisal Components and Misconceptions

One of the requirements that mortgage lenders will request during the home buying process is a real estate appraisal. For many first time buyers, there may be some misconceptions as to exactly what this is.  A real estate appraisal is a detailed report that is created by a licensed appraiser in your state and establishes the market…

Home Loan Denials

The current real estate market is one that favors buyers. Record low interest rates, low home prices and a large inventory are all favorable for potential homebuyers looking for a new home. The problem facing thse homebuyers is that is obtaining financing for a new home can be a challenge in this difficult economy. Many mortgage lenders have…

HAFA Programs From Fannie Mae and Freddy Mac

Everyone understands that we are in the midst of a difficult recession and  struggling economy and it is effecting people all over the country. The unemployment rate is steadily on the rise and has an astounding effect on the real estate market.   Thousands of  home owners are feeling the pinch and struggling to make their monthly mortgage…