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Maple Grove, MN

Maple Grove Home Sales: Should I Rent Out My Home?

Casey J. Anderson: Real Estate Agent in Woodbury, MN

Many Maple Grove home sellers are faced with the problem of being "upside-down" on their mortgages. The fact is that in order to sell your home in the MN real estate market today you need to pay off your mortgage in order to convey clean title to your buyer. Unless you want to arrange a short sale with your mortgage lender, this means you will bring money to the closing in order to pay off the remaining balance that you owe. Many home sellers who need to move now are considering the possibility of making their current home available to rent with the hope of buying a new house.

Benefits of Rising Rents in Maple Grove

The good news today is that with the tougher housing market, the amount you can get for rent has increased significantly. Renters find that they are competing with each other to rent out a Maple Grove home as their is a shortage of quality rentals available today. Many home sellers are finding that they can more than cover the expenses for retaining the home with these higher rents available.

The goal, of course, is to rent the current home out long enough to allow the real estate market to recover in terms of values. Hopefully within a few years the value of your rental home will rise sufficiently to sell it for enough to pay off the mortgage. The key to accomplishing this is to see if you will qualify for a new mortgage if you have rented out your current home.

Lenders have specific guidelines for those Maple Grove sellers who will rent out their home to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.

Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide which of the options are best whether selling or renting out your current home. The process of getting preapproved is is usually free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, VA, conventional, or other types of loans.

Community Info for Maple Grove

The City of Maple Grove is a booming suburb of the Twin Cities and has more than tripled its size since the 1980 2008 census to now over 60,000. Situated squarely in north-central Hennepin County the major employer in Maple Grove is Boston Scientific. One of the largest shopping centers in the Twin Cities is located here known as The Shoppes at Arbor Lakes. A beautiful community, Maple Grove has over 35 miles of trails and 1000 acres of parkland. If you are considering buying or selling Maple Grove real estate please feel free to give me a call or send me an email.

If you want to talk about renting out your current home, please take a moment to call or email me for more information.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities

Maple Grove Real Estate: How To Sell Your Home

Casey J. Anderson: Real Estate Agent in Woodbury, MN

Selling a home today in Maple Grove can be a big challenge, especially with the tough competition from nearby short sales and foreclosures. Home values have been coming down in part because of the lower asking prices offered through banks who need to bring down their real estate owned inventory. About half of the sales in today's Minnesota real estate market has come from non-bank home sellers. Are you in the search for help to sell your Maple Grove home?

It has never been more important to enlist the help of a Maple Grove real estate agent who understands recent trends in market values. When we visit your home as a Realtor to complete a market analysis, we will compare all of the features and benefits of your property to the competing homes for sale in the area. We will need to look at all of the homes for sold within the past few months to determine what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your house within a reasonable period of time.

The challenge for many sellers today is trying to get enough for their house to pay off the their current mortgage. If a property seller owes more on their home loans than what we can sell it for we will either need to discuss paying down the mortgage, attempting a short sale, or listing the current home for rent and in order to move to another home. With the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the investment expenses for the home through the income from the rental.

Do lenders count the rental income on my old house?

Lenders have guidelines for the Maple Grove sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.

Getting preapproved for a mortgage

Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of mortgage preapproval is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

City of Maple Grove, MN

The City of Maple Grove is a rapidly growing suburb of the Twin Cities metro and has more than tripled its size since 1980 to now over 60,000 residents according to the 2010 census. Situated squarely in north-central Hennepin County Maple Grove, MN residents have a quick commute to employers in Minneapolis, as well as those located in western and eastern burbs. One of the largest shopping centers in the Twin Cities is located here known as The Shoppes at Arbor Lakes. A truly beautiful community, Maple Grove has over 1000 acres of parks and 35 miles of trails. If you are considering buying or selling Maple Grove real estate agent please don't hesitate to give me a call or send me an email.

Let's Talk!

If you would like to learn more about selling your Maple Grove home call me. I will work with you to complete a competitive market analysis for free. We will discuss all of the options based on today's real estate market. Feel free to send me an email or give me a quick call.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.

This year, I'm thankful for closed-cell foam insulation. Yeah, that's right.

Minneapolis Home Inspections -  Reuben Saltzman: Inspector in Minneapolis, MN

Yes, you read that right. I'm thankful for closed cell foam insulation. Of course, I'm thankful for my family, health, and all that other jazz, but this is a blog about home inspections and home related topics, so I'm going to stay focused on that. To fully explain why I'm so thankful for closed cell foam insulation, I first need to complain about my house a little bit.

My thirteen-year-old Maple Grove house has an unfinished basement with a walkout; this means about half of the basement walls have a poured concrete foundation, and the other half, the part that's above grade, has conventional 2x6 wood framing. The foundation walls are insulated at the exterior with rigid foam; this is a great way to insulate a foundation, because it means that the concrete walls will be relatively warm, and the potential for condensation problems will be minimized. If you want to read more about foundation insulation methods, click this link - foundation insulation.

Fiberglass insulationThe stud walls, on the other hand, were insulated the same way as 99.9% of the houses in Minnesota - with fiberglass batts. Yuck. While this is the standard way to insulate a wall, it's also probably the worst acceptable way to insulate a wall. The photo at right gives a great example of how fiberglass batts are installed incorrectly all the time; just look at those gaps around the junction box. I've already dedicated a blog to complaining about fiberglass batts, so enough on that topic.

In addition to having fiberglass batts for insulation, the vapor barrier in my basement was basically useless. Here's how a vapor barrier is supposed to work: to prevent air from passing through the fiberglass insulation and creating moisture problems in the wall, a vapor barrier gets installed. This consists of 6 mil polyethylene sheeting (aka 'poly', aka 'Visqueen') that has been made airtight; that means caulked, overlapped, sealed, taped, etc. On a home built today, this will be done quite well. On a house that's thirteen years old... no way. The vapor barrier will probably be just about useless.

Unsealed vapor barriers create heat loss. Just thirteen years ago, vapor barrier were never sealed. It was standard practice to just use a stapler to throw the poly on the walls and leave everything completely unsealed. This practice allows for air to constantly circulate within the fiberglass insulation, creating a convective loop, which means a lot of heat gets lost through the walls.

I have my 'office' set up in my unfinished basement, so I spend a lot of time in the basement. During the winter it gets very cold in my basement, despite the fact that I have 2x6 walls filled with fiberglass insulation. Last winter I kept an electric space heater under my desk to keep my toes from turning in to icicles.

rim joist insulationFiberglass should never be used at rim spaces. The rim space is the area between the floors of a house; this is an area where it's nearly impossible to install a proper vapor barrier. Without a vapor barrier, condensation can occur at the rim space, creating mold growth or eventually rotting out the rim space. This is why fiberglass insulation should never be used here. On new homes, it never is. The only type of insulation that gets used on new construction homes in Minnesota is closed cell spray foam insulation; we'll come back to that in a minute.

Unsealed vapor barriers can lead to mold growth. When a vapor barrier isn't sealed and air is allowed to freely pass through the wall, what happens when warm, moist air hits a cold surface? It condenses. My basement stays relatively cool and dry throughout the year, so the vapor drive is really happening from the exterior during the summer. The walkout part of my basement faces south, so this part of the house is where I have the greatest temperature differential between the exterior and interior of the walls.

During the summer, as humid outdoor air passes through my walls and hits the relatively cool vapor barrier, the moisture condenses. This summer there was never enough moisture to actually drip down to the floor, but it was enough to leave drip marks in the insulation and allow mold to start growing between the insulation and the vapor barrier. This wasn't major and I don't have mold allergies, so I wasn't too whipped up about this... but I couldn't allow this to continue.

Mold in fiberglass batts Mold in fiberglass batts 2

Enter closed-cell spray foam insulation. To address all of the insulation, mold, and vapor barrier issues at the same time, I had the wood framed walls in my basement completely re-insulated about three weeks ago. I had the vapor barriers removed, all of the fiberglass insulation removed, and closed cell foam sprayed in to the walls and rim spaces.

Foamed walls

I love it. Closed cell foam acts as a perfect vapor barrier after 2", it doesn't allow for convection, and it has a much higher insulating value than fiberglass. Now when I walk down to my basement, I don't feel a drastic change in temperature; my basement is only about two degrees cooler than the rest of my house. I can sit here at the computer without a space heater, and I no longer freeze my toes off. Life is good.

Having foam insulation sprayed in to the walls was expensive, but it was worth every penny. Will I ever get a payback in energy savings? I'm not sure. I didn't even bother to check the numbers, because my main motivation for this project was comfort. Saving energy and not having mold growing inside the wall cavities is just a bonus.

Happy Thanksgiving.

A semi-long term experiment: zinc strips on a moss covered roof

Minneapolis Home Inspections -  Reuben Saltzman: Inspector in Minneapolis, MN

While black stains on roofs are a cosmetic issue, moss growth is more than just cosmetic. Not only does moss look terrible on roofs, it will also shorten the life of the roof covering and possibly lead to roof leaks. Whether you have wood or asphalt shingles, moss can grow on the roof if it doesn't dry properly.

As with black algae stains, the most common place for moss to grow is on the north side of the roof, but if there are enough overhanging trees or other forms of shade, moss can really grow anywhere. If you want to kill the moss, follow the link above that explains how to remove black roof stains; the process is the same for killing moss. The results certainly won't be as immediate, but it's effective. Today, the focus is on what you can do to prevent moss growth on your roof.

Have you ever noticed that moss and black stains don't appear on roofs underneath the areas with galvanized metal?

Zinc washing off roof vents

The roof stays minty fresh zincy fresh below the vents because every time it rains, a small bit of zinc gets washed off the metal, which runs down the roof and kills whatever is growing on the shingles - whether it's moss, algae, lichens... whatever. If this is so effective, doesn't it stand to reason that you could install strips of zinc along the top of the roof, and have them protect everything? Of course. You can actually buy rolls of zinc made just for this purpose. The 50' roll of zinc pictured below was about $25 at Home Depot.

Zinc Roll

The zinc is supposed to be installed at the ridges of the roof, or along the hips as needed to make sure that the rainwater washes zinc down the roof.

Zinc Strips Installed

Zinc Strips Installed

I've heard many roofers say that these zinc strips are worthless and ineffective, so I decided to conduct my own semi-long term test. For my experiment, I installed a zinc strip along the ridge of a moss-covered garage roof approximately sixteen months ago. I didn't do anything else to this roof - no scrubbing, no chemicals, no nothing. The before and after photos are shown below, and I think the results are pretty conclusive - zinc strips are effective at killing moss.

Before

Mossy roof before

After

Mossy roof after

That's a pretty dramatic difference, isn't it? I cleaned up the roof a bit before taking the second photo by using a leaf blower, but that was all. Remember, I applied that zinc strip to a roof covered in moss just to see what would happen; zinc strips aren't supposed to be used as a moss remover, they're supposed to be used as a moss preventer. If you're not in any hurry, they'll apparently remove moss too though.

As they say, individual results may vary. Zinc strips might not work for every application, but they're not terribly expensive, and they're not difficult for a roofer to install. If you have an existing roof with a moss problem, try zinc strips. Copper strips are supposed to work the same way.

Zinc strips are also supposed to be effective at preventing black stains from showing up on the roof. I'm starting a long-term experiment on my own house; I'll report back with the results in a couple years.

Stay tuned ;-)

Removing Black Stains on Roofs

Minneapolis Home Inspections -  Reuben Saltzman: Inspector in Minneapolis, MN

If you have nasty black stains on your asphalt shingle roof, don't worry. The black staining won't damage the shingles, and it won't make your roof leak. This black staining is typically caused by an algae, and usually shows up on areas of the roof that don't get much sunlight, such as the north side.

Black roof stains

Garden SprayerIf you don't like the look of these stains, you can clean your roof with some basic supplies that you probably already have at home. Simply mix up a solution of two parts water to one part bleach in a garden sprayer. Spray down the affected areas of your roof with this solution, let the solution soak for about ten minutes, and then spray the cleaning solution off your roof with a garden hose.

For this blog, I started by cleaning a small section of the roof and letting the shingles dry, just to get a good photo showing how effective this is.

Black roof stains cleaned

A few precautions:

  • Protect your lungs. Bleach is nasty stuff, and you'll get it in the air when you spray it with the garden sprayer. Wear a respirator.
  • Watch where you spray the cleaning solution. The solution won't harm your shingles, but you could certainly do damage to other surfaces or people if you're not careful.
  • Wear grubby clothes. If you get this solution on your clothes, you'll ruin 'em.
  • Protect your vegetation. If the cleaning solution will run off the roof on to your plants, you should cover them up with tarps or something similar.
  • Be careful on a ladder, and don't walk on the roof. This is 'no-duh' advice, but I'm saying it anyways. Even if you're used to walking on your roof, it will get very slippery once the bleach interacts with the algae, and you could easily slide off the roof.
Some people get whipped up over the topic of bleach. If you don't like the idea of using bleach, you could buy a product made for cleaning roofs, such as RoofOX 3000. I've heard good reviews, but never tried this stuff personally.