air conditioning – Air Conditioner Buying Tips – free article courtesy of ArticleCity.com
Posted by admin on May 8th, 2010 filed in Milford Michigan
Air Conditioner Buying Tips
by: Gray Rollins
Most new homes today have air conditioning units. It is more unusual to see homes without central air then to see ones with it nowadays. Air conditioning can be a necessity in warmer climates for the comfort of the family. Most air conditioner units will range from three to six thousand dollars, including installation. This is not a minor investment but one necessary for comfort. If you need a new air conditioner, there are several things to consider prior to purchasing.
Air conditioning units should be installed by a contractor who is experienced with this type of work. Depending on existing ducts and the type of unit purchased, the price may vary greatly. Get several estimates from qualified contractors before deciding on the unit and installer. Ensure the contractor has experience and works well with you. Get references and check them thoroughly.
Air conditioner units use electricity to run. If the unit is used often this can increase energy costs significantly. This is especially true in warmer climates where it is a necessity to cool the home. To help combat these costs, it is advisable to look at the efficiency of the unit. This may mean a larger initial investment, but should save money in the long run.
The efficiency rating is required to be on all air conditioners. Compare units carefully to determine the cost for each type of efficiency. The more efficient a unit is, the more money you will save on energy bills. A more efficient air conditioner will take less energy to run and cool the entire house.
You will need to determine the appropriate size of the unit needed for your house. This is an important step because units that are too small will have to work harder to cool the home. Units that are too large are simply wasteful and unnecessary. A qualified air conditioner contractor will be able to analyze the size of your home and make recommendations on the size needed.
Always get a contract before starting work with any contractor. Make sure all the costs are clearly spelled out. This should include both the cost of the unit and installation. It should also detail payment policies and warranties. Warranties generally cover the compressor and additional parts. Do not choose a unit that has anything less than a five year warranty on the compressor, but a ten year warranty is better. Additional parts may be warranted anywhere from one to five years and are usually separate.
About The Author
Gray Rollins is a featured writer for AirConditioningZone. To learn more about air conditioners, please visit http://www.airconditioningzone.com/ and http://www.airconditioningzone.com/central/.
Fha 203k Rehab Loan – Buy A Fixer Upper Home With A Fha 203k Rehab Loan!
We all have heard about the negative news lately about the real estate market and the glut of home foreclosures on the market. You may be thinking now is the time to take advantage of the low interest rates and purchase a foreclosed home. But the problem may be some of the foreclosed homes you have seen need a lot of repairs and improvements. You don’t have the cash to make these repairs. Well, there is good news and it comes in the form of the FHA 203K Rehab Loan.
When I refer to the FHA 203K Rehab Loan I am referring to the FHA Streamlined 203(k) Limited Repair Program. It is for improvements and repairs that don’t require structural improvements. It is not for total renovation of a property but for repairs not totaling more than $35,000. The FHA 203K Rehab Loan did have a minimun of $5,000 costs of repairs, but that has been eliminated.
There are many benefits for using a FHA 203K Rehab Loan for improvements to a house you are planning on buying. Also, you can use this FHA Loan Program to refinance your existing mortgage and do repairs and improvement to your existing home.
Some of the benefits of a FHA 203K Streamlined FHA Rehab Loan Are:
1. The borrower can take out just one mortgage to cover both the purchase of the property and the cost of upgrades. This loan can be amortized over 30 years, unlike a conventional rehab loan that has a shorter amortization period and higher interest rates.
2. Like I said before that there is no minimum cost for repairs. You could use it only to put in an energy-efficient furnace.
3. There are many different repairs and improvements you can use the loan for. You can read an article on the list of improvements by clicking on the links at the bottom of this article.
4. This is not a government loan, it is a FHA insured loan. There are a lot of FHA Approved Lenders across the country. Because it is insured by FHA, the FHA Approved Lenders are more willing the make the FHA 203K Rehab Loan.
5. On of the biggest benefit is the low down payment of 3.5%. Most conventional rehab loans require a 20% down payment.
6. Lower interest rate
1000
. Because FHA insures the loan, FHA Approved Lenders can make loans to people that don’t have perfect credit. That doesn’t mean any one can get a loan, you still have to prove you can pay the loan back.
7. The FHA 203K Streamline Loan eliminates the need for a consultant, engineers, plans, and consultant’s fees. This speeds the process up and lowers the costs of the improvements.
As you can see if you are considering buying a home that need repairs or want to make improvements to your own home, the FHA 203K Rehab Loan could be just what you are looking for.
P.S. Want More Information On FHA 203K Rehab Loans Or FHA Loans? You can find more articles on what improvements or repairs are eligible for the Streamlined 203K Loans by clicking on the links below.
By: Al Hardy
Article Directory: http://www.articledashboard.com
If you are considering a FHA 203K Rehab Loan or any other FHA Loans you can get more articles by clicking here FHA Loans Information.
You can information on FHA home foreclosures for sale by clicking on How to Buy HUD-FHA Homes for Sale.
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