Buying your first home will likely be one of the most exciting and scary times of your life. Beyond the basic considerations – location, number of bathrooms, ranch style vs. multilevel – there are a number of important financial factors to determine before deciding which house is right for you.



1. Determine how a home purchase will affect your current lifestyle. In addition to the overall expense of the home, it is important to consider how long you plan to stay in the home, as well as your overall debt, both on credit cards and other loans. According to Investopedia.com, affordability should be the No. 1 thing you look for in a home, but you also need to be stable enough to know you are going to want to live in the home you pick for at least 10 years. If not, you could get stuck in a home you can’t afford in a city you’re ready to leave.



Not surprisingly, location not only affects affordability, but also potential resale value. Amy Hoak of MarketWatch states, “Homes located within walking distance of amenities such as schools, parks and shopping aren’t only more convenient for their owners, often they’re also worth more than homes in neighborhoods where driving is the rule.” Consider your lifestyle when you choose a location. Spending more to live within strolling distance of your favorite shops and restaurants is only valuable if you’ll take advantage of that proximity. BankRate.com offers a handy tool to help predict your monthly mortgage payments in different communities.



2. Consider your options for purchasing a home. Building a new home gives you greater control over style and finishes, though your move-in date will depend on the construction schedule. Newer existing homes will likely require fewer updates than an older home, but may be priced at a premium. If you are shopping for a starter home, consider your plans for the future. A smaller house may require less home maintenance and upkeep, but if you are looking for a larger long term investment and a place to grow and raise a family, opting for more space from the get-go may make the most sense.



3. Whatever the condition or age of the home you purchase, there’s always the chance you’ll want to make some changes, such as renovating a bathroom or upgrading your kitchen, or remodeling parts of the home to accommodate an expanding family. Try to anticipate and factor these costs into your total budget before purchasing a home. When it’s time for these changes, will you be ready financially?



According to Consumer Reports, kitchen and bathrooms are at the top of homeowner’s wish lists in terms of rooms that need work. Luckily, updating the kitchen or bathroom to reflect your personal style doesn’t have to be an expensive task. Replacing your plumbing fixtures and finishes can dramatically transform the space. No matter if your design preference is modern or contemporary, Delta Faucet offers a wide range of styles and designs at various price points to meet your needs. For instance, the Linden kitchen and bath collection, in the Venetian Bronze finish, offers a striking combination of transitional style and old-world charm. Carry that look throughout the space with coordinating accessories and a fresh coat of paint for an affordable room makeover.



Buying a home is one of life’s major milestones. If you are just starting the house hunting process, consider starting your search online at sites such as Zillow, Houzz, and Pinterest to get a feel for the homes and decor styles that appeal to you most. In addition to finding styles you like, this research will also help you find potential options within your price range. Remember, before making any purchases, consider your total budget and make sure you’re prepared for not just the mortgage, but also any necessary improvements.

(ARA) – Have you ever accidentally left a candle burning unattended? Or left home without turning on the security system? You probably made a mental note to yourself to not do it again, but otherwise didn’t think much about it.



But next time, you might not get so lucky. A simple “uh oh” could lead to thousands of dollars in damage to your home.



“We recommend homeowners adopt a mindset of thinking about the consequences of things, of what could go wrong,” says Dr. Tim Reinhold, senior vice president of research and chief engineer for the Insurance Institute for Business & Home Safety.



Here are five tips to avoid common homeowner mistakes:



Tip 1: Clean out the filter on your clothes dryer



Why? Fire. Those wads of lint that get caught in your dryer’s filter can pose a major fire hazard. The U.S. Consumer Product Safety Commission estimates that dryers cause more than 15,000 fires a year.



Your strategy: Be sure to completely empty the lint trap every time you use your dryer. Also, make sure your dryer ducts are metal, since they’re less likely to sag and allow lint to build up.



Tip 2: Trim tree branches that hang close to your home



Why? Roof or other property damage. A storm or high winds could sweep through your neighborhood and knock those branches onto your roof, causing serious damage.



Your strategy: Consult an arborist or tree surgeon about any trees in your yard that might present a hazard.



Tip 3: Don’t put cardboard boxes from recent big-ticket purchases out on the curb with the garbage



Why? Theft. By placing boxes in a visible location, you’re sending a signal to burglars that you have valuable items in your home.



Your strategy: Cut boxes up and put them into the garbage or recycling bin.



Tip 4: Make your house look occupied when you’re on vacation



Why? Theft. An empty home can be an easy target for thieves.



Your strategy. Have your mail and newspaper deliveries suspended or have a trusted neighbor retrieve and safeguard them until your return. “Not only do piles of mail signal that a house is vacant, but thieves can sift through letters to steal your identity,” says Joe Vahey, vice president at Erie Insurance. “You also may want to arrange for someone to maintain your lawn if you’ll be gone for more than a few days, and consider installing central alarms, motion detectors, or timed lights that will illuminate the area around your house at night.”



Tip 5. Check appliance water hoses



Why: Water damage. Hoses for washers and refrigerators wear out and need to be replaced before they spring a leak. The water supply line to the icemaker can also be a water leak waiting to happen.



Your strategy: Replace washing machine hoses every five years. If you see the plastic line along the back of the refrigerator becoming discolored (yellow or brown), have an appliance repair expert check it out.



Despite your best efforts to properly maintain and protect your home, accidents and mishaps still happen, which is why it’s also important to know what your homeowners insurance does, and doesn’t, cover. For example, no homeowners insurance will cover flood damage from natural disasters, so you may want to seek federal flood insurance if you live in an area prone to flooding. In addition, check to see if yours is a guaranteed replacement cost policy, which would pay to rebuild your home if it’s severely damaged or destroyed. The coverage is rare, but some companies like Erie Insurance include it in their standard homeowners policies. For more information on homeowners insurance, visit www.erieinsurance.com/homeowners.

(ARA) – Cutting back on vacations and entertainment is a wise move to help ride out a recovering economy, but don’t be tempted to forego car and homeowners insurance to make ends meet.



Some people appear to be doing just that. Statistics from the Insurance Research Council, for example, indicate 16 percent of American drivers are uninsured. Nearly half of those say the reason is they can’t afford insurance. And three out of every five U.S. homes are underinsured, with homeowners skimping by paying less for insurance, but running the risk they won’t be able to rebuild their homes if disaster strikes.



You should resist the urge to eliminate car and homeowners insurance in tough times, advises Charles Valinotti, senior vice president with insurer QBE. “Not having insurance may save on premium payments, but it can cost you much more when the unexpected happens,” he says. “Insurance premiums are a bargain compared to the financial issues that could pile up if you have an accident, your house burns down or someone is injured on your property.”



Valinotti notes the insurance protections you can’t do without:



* For your auto – Laws in all states require drivers to either have auto insurance or be able prove they are financially able to pay for an accident. In addition, if you have a loan on your vehicle, your lender typically requires that you carry comprehensive insurance – which covers loss from theft or damage from something other than an accident – as well as collision insurance as part of the loan agreement.



Valinotti says if you don’t carry minimum amounts of insurance or can’t provide proof of financial responsibility, you might face fines, license suspension or even jail time. “Make sure you know what you need to meet the minimums for auto insurance liability, bodily injury and property damage required in your state.”



If your budget allows, consider uninsured and underinsured driver coverage. “In these challenging economic times, chances are you could get hit by a driver who doesn’t have insurance,” Valinotti says. “If that happens, you need to protect yourself.”



* For your home – You can legally own a home without insuring it. But Valinotti says going without insurance is a huge risk you don’t want to take, especially in a bad economy. And, if you have a mortgage, your lender will most likely require you to carry insurance – and in some regions, additional flood and earthquake coverage – to protect its investment.



A standard homeowners policy comes with the coverage you need built in: for your home’s structure if you need to repair or rebuild it, for your personal belongings if they’re stolen or destroyed, for liability protection against lawsuits, and to pay for additional living expenses if you can’t live there due to damage from an insured disaster.



Valinotti says instead of thinking of dropping your homeowners insurance, look at ways to lower the cost. “Raise your deductible, or see about getting discounts, such as buying your homeowners and auto insurance from the same company,” he says. “You can also keep your premiums in line by reviewing your policies and the value of your possessions at least once a year.”

(ARA) – With temperatures on the rise, it’s time to get outside to relax with family and friends. Today’s homeowners want their outdoor spaces to be an extension of their homes, with 80 percent saying a patio or front porch are “must haves,” according to a survey of residential architects by the National Association of Home Builders (NAHB).



“What’s old is new again as the front porch is again a popular place to connect with your friends, family and neighbors,” says Kathy Krafka Harkema, spokesperson for Pella Windows and Doors. “Plus the patio offers a secluded spot to grill, entertain, kick back and relax.”



To enhance both the indoor and outdoor look and comfort of a home, install a new patio door. Pella offers a variety of energy-efficient patio doors from classic to contemporary.



For example, the Pella 350 Series vinyl patio doors provide style, energy efficiency and durability, without breaking the bank. Or consider transforming your ho-hum space into an outdoor showplace by choosing a new Pella Architect Series patio door that features enhanced air and water performance with a low sill height to help reduce potential trips or falls. Available with HurricaneShield impact-resistant glass options, they’re ideal for hurricane-prone areas or virtually anywhere you want added soundproofing and year-round security.



Create an outdoor oasis



Consider these tips from design experts at Lowe’s to create the coolest patio on the block:



* Mix functional furniture. Coordinate the style of adjacent indoor and outdoor rooms since you and your guests will likely spend time in both areas. Group pieces together to encourage conversation and showcase an attractive view.



* Add colorful accessories. Incorporate rugs, outdoor pillows, candles and other accessories in bright colors and fun patterns. Some of the season’s top color palettes include rich reds, bright blues, soft neutrals and garden greens.



* Incorporate a fire pit. Adding a fire pit brings pleasant memories of the past. Roast marshmallows, share stories and enjoy the night. For safety’s sake, keep furnishings away from the fire pit and extinguish the fire completely before you turn in for the night.



* Lightscape instead of landscape. Lighting can help show off what you already have in your outdoor space. Add depth with lightscaping from different sources. String lights provide a magical setting for guests after the sun sets. A wall lantern next to the patio door or LED garden and path lights add a soft illumination to your outdoor area.



For more home improvement inspiration, and to find energy-efficient Pella Windows and Doors in your area, visit Pella.com or call 888-847-3552.

(ARA) – Does your dream backyard include a lush lawn, lovely landscaping and – at the heart of the action – a pool, spa or hot tub? If so, you’re not alone, and this might be your year to turn that dream into reality.



A recent survey by the Association of Pool & Spa Professionals (APSP) found that 82 percent of homeowners said they would use their backyard more if they had a pool, spa or hot tub. Nearly as many believe that adding one of those features would turn their backyard into an everyday vacation spot. The good news is that the right APSP certified professional can help make that backyard dream achievable and affordable.



“Owning a pool, spa or hot tub is less expensive than you may think,” says Bill Weber, APSP president and CEO. “Advances in technology have improved ease of operation and energy efficiency making the backyard pool, spa and hot tub experience within reach of more homeowners than ever before.”



If you’ve been dreaming of a pool, spa or hot tub, this is your year to make it happen. APSP offers insider tips to use when you call that special contractor to do the job.



* Experience – Experience is more than just the number of years someone’s been in business. Does the contractor you’re considering have experience building pools or installing hot tubs in backyard environments similar to yours? Ask to see samples of past work and look for yards with conditions similar to yours, especially if your home or yard has unique challenges like slopes or drainage issues.



* Cost – Has the contractor considered all factors in the cost estimate? Keep in mind factors that influence price go beyond just the size and shape of the installation; your contractor should also consider the quality of the materials, design, construction and installation time, durability and warranties into your cost estimate.



* Safety – Safety is a key concern for pool, spa and hot tub owners. Is your contractor bonded, insured and versed in all applicable installation/building regulations and standards for your state and community? Does he or she understand any unique safety concerns you may have, such as the presence of a special needs child in the home or a high-traffic corner lot where your pool may be an attractive temptation to neighborhood children?



* Vision – Does your contractor understand your vision for your backyard pool, spa or hot tub and can he or she help make it as cost-effective as possible? Your contractor should be able to advise you on the best location for your new pool, spa or hot tub, and provide you with sketches or even a video of your yard to help you envision the customized finished product.



* Education and professionalism – Does your contractor participate in continuing education to stay abreast of the newest technologies, efficiencies and design trends in the industry?



* Professional certification – Is the contractor you’re considering an APSP certified professional? Contractors who achieve the APSP certification have proven knowledge of design and construction, are committed to continuing education to maintain their certification, and adhere to a stringent code of ethics. To find an APSP certified professional in your area, visit www.APSP.org/memberlocator.