Some Tips To Keep Your Car Running Well

The next time you need auto repairs, consider doing them yourself. The article can serve as a guide when fixing your automobile. You will save a lot and feel more confident. Upon delivery on your new car paint protection vehicle, most of the detailing company ensure that there are no issues.

This certification means that the technician has passed a test and has over 2 years of experience under his or her belt. This means you know that the best possible person is working on your automobile.

Ask all the questions you may have regarding your car when bringing it in to their shop. Preventing issues is a great way of money.

Make sure that you do not neglect the radiator. Run your engine for several minutes, turn it off then pop the hood.Never open the radiator if the engine is running. Check the radiator fluid by using a dipstick and remember to dilute coolant with water prior to adding it.

Ask a potential mechanic is he is familiar with working on the exact kind of car you have. If so, then they are likely going to be able to also fix your car easily enough.

Go through your owner’s manual and make sure to mark important pages. You might even find the information you have been encountering.

Don’t leave anything of value in your car while you’re having it repaired. Mechanics may need to take these items out to do the inside of your vehicle and they aren’t responsible if you discover something missing. You should also remove items from your trunk also.

Make sure the mechanic can work on your particular vehicle. If you aren’t sure, spend the extra money and go to an authorized dealer.

The weight of a big key chain. If your key begins to stick, you need to change the tumblers and eliminate the troll buddy that’s weighing down your keychain!

Just because the days are colder doesn’t mean you should avoid washing your car. Winter can ruin the quality of your vehicle.Salt and sand lead to rust and other flaws.

Don’t allow auto mechanics to persuade you that getting an engine flush is part of a normal maintenance visit. This service and not something that is typically done during the course of normal maintenance.

OEM is the Original Equipment Manufacturer. Remember this if you need to have car parts replaced. You will sound like you know what you are talking about if you tell a mechanic to install OEM parts. This means you’re less likely to receive used parts on your vehicle.

You can easily do some preventative maintenance such as adding more oil or refilling the windishield wiper fluid on your own. It is a myth that only professional auto mechanics can do routine jobs should be left to the professionals. You must know how to do certain things, then roll up your sleeves and get dirty.

Although dealer mechanics can be pricy, there are times when using them is absolutely necessary. The dealer mechanics are specialists concerning your brand. They can diagnose problems quickly and are well trained for issues common to your car. They are also trained in various programs regularly.

After paying a mechanic to replace an old part on your vehicle with a new one, have them return the older parts to you. If he won’t, it’s possible that there was no replacement done. This is not a definite red flag and you should confront him out on it.

The more you know about your car, is learning about the car’s components to get a basic understanding. You might want to sign up for a class on auto repair.This will enable you to better service your vehicle lasts longer.

Pay attention to any sounds your car or driving. Noise can indicate a problem if you know what to listen for.

Put your car on jack when you are placing it in storage.

Ask to have your mechanic to give you the old parts when they’re replaced. This will prove that the parts have actually been done. This is not important if you get your exhaust system replacement. You can easily see whether you have a brand new exhaust system is installed.

Do not add water to the compartment for windshield wiper reservoir. Water can clean your windshield, sure, but that compartment is designed only to hold a special kind of fluid. You should check this on a regular basis for refill it regularly. Do not put in water when the reservoir appears to be empty.

Modern cars are equipped to all types of warning lights and sensors that will tell you when there are detected. Sometimes these sensors break too, so be sure to check your car manually every now and then to catch any problems.

Determine whether you wish to service cars by the dealership or at a stand-alone shop. Independent garages are cheaper, but you may or may not get service of high quality.

Don’t fear asking questions that you have when you’re getting the car repaired. Any company will be happy to answer these questions for you.

Take your mechanic for a spin to show him the exact nature of your car. This allows him to see exactly the problems that are occurring. This is the best way to show them your problem.

Trying to fix your own car may seem overwhelming in the beginning. However, with some effort and knowledge, you can easily fix a lot of vehicle problems that occur. Be sure and implement the advice mentioned earlier, and your car is sure to be back on the road in not time.

How to Become a Professional Home Builder – How to Determine If Your Home is a Winner

I’m going to start out talking about a Winner. In a future article, I’ll show you how it can easily become a Loser. First, look at the example below. Not only are modular loft conversions Sydney faster and more convenient but they are also designed and constructed to the highest standard.

Job Analysis – A Winner

Preliminary Estimate

Sale Price [Fair Market Appraised Value]

(2,500 square feet X $100/square foot) $250,000.00

Less: Lot Cost – 35,000.00

Balance $215,000.00

Less: Selling Commission

(Sale Price X 5%) – 12,500.00

Direct Cost

(Hard Cost + Overhead + Contingency) – 160,000.00

Lender Fees:

Closing Cost on Construction Loan*

($175,000 @ 2%) – 3,500.00

Interest on Construction Loan**

($175,000 @ 6% for 4 months) – 3,500.00

Closing Costs on Permanent Loan***

($200,000 @ 3%) – 6,000.00

Profit $ 29,500.00

Profit/Margin [10% Minimum] ($29,500/$250,000) = 11.8%

* Assume Construction Loan @ 70% of Appraised Value

** Assume Construction Interest @ Prime Rate + 2%

Assume Prime Rate to be 4%

Assume 4 months to build + 2 months to sell

*** Assume Permanent Loan @ 80% of Appraised Value

With the right tools, you can come up with these numbers in a matter of minutes in the comfort of your home or office. I’ll go through this process of determining whether I want to build a home or not, or whether I want to even spend any time thinking about it or not.

Let’s pretend that you come into my office and you say, “Tom, I’ve got a great deal. I’d like us to go in together and build this home. We’re going to get rich!” I calm you down and I say, “Okay let’s go through the numbers.”

Let’s assume that you want to build a 2,500 square foot home. You tell me that in this particular subdivision where you’d like to build, the fair market appraisals are running about $100 a square foot. You found this by talking to real estate agents or you just know the area. The fair market appraisal, as you remember from the How To Build A Home course, is pretty much the sale price. Don’t ever count on selling it for more than the fair market appraised value. So 2,500 square feet times $100 per square foot comes to a total sale price for the home and lot of $250,000.

You now tell me that the lot is going to cost $35,000. So we subtract the land from the sale price and we have a balance of $215,000.

Next we subtract all the different costs we’ll incur. The first is the real estate sales commission, which on new construction, in most areas, is 5%. So 5% of $250,000 is $12,500. Always put a selling fee in the calculations. As I’ve tried to stress to you in previous articles, those agents are going to be working nights and weekends when you don’t want to work. If you sit there and think you’re going to try and beat the agents out of a commission, then you’re being a hog. Remember, pigs get fat and hogs get butchered. Even if you do sell it yourself, nine times out of ten you’re going to split a commission with a real estate agent, because 98% of all homes sold are sold through a real estate agent. So go ahead and factor it in the numbers. If you sell the home yourself, then pay yourself the commission. But it needs to be in these figures.

Next, subtract the direct cost. The direct cost is your hard costs plus overhead plus contingency. Based on estimating manuals, like R.S. Means – Residential Cost Data, which I recommend, or your general knowledge of construction cost you’ve estimated the direct cost to be approximately $160,000.00.

Next, calculate the lender fees. To calculate these fees I’ve made a couple of assumptions. Look at the notes at the bottom of the chart. On average, the lenders will loan you 70% of the appraisal for construction money. So use the estimated appraised value of $250,000 multiplied by.7. That equals a construction loan of $175,000.

To calculate the permanent loan, let us assume you’ll deal with a standard conventional loan of 80% of the appraised value. Multiply the estimated appraised value of $250,000 by.8, and that equals a permanent loan of $200,000.

These are the two loan amounts we will work with.

Go back up the chart and find closing costs on the construction loan. You can verify these numbers with your local lenders, but let us assume that your closing cost will be 2% of the construction loan amount. Multiply your construction loan of $175,0000 times 2% or.02. That equals $3,500 in closing costs on the construction loan.

You now see interest on the construction loan. Let me show you how I calculate the projected interest I’ll be paying. I’m sure there is formula or some kind of software program to do this. I have not seen it. If you come across one, please contact me and let me know. This simple system has always worked for me and I think it should work for you until you find a better way of doing it.

Take half of the f Estimated Construction Time 94 Months/2) = 2 Months

Add the Estimated Marketing and Selling Time = 2 Months

This is the amount of time to Calculate Construction Loan Interest = 4 Months

The reason I only used half the construction time is because when you borrow money you only pay interest on the outstanding balance. So in theory, on day one you’re not paying any interest. And during construction bankers are paying you money via what they call draws, based on the work you’ve completed, and the amount of interest you pay increases. When you have completely finished the home, you’ve drawn all the money from the bank and you’re now paying interest on the full amount until you sell the home. Let us assume that based on market research you conclude that you’ll sell and close on the house in two months. You may estimate this figure based on talking to selling agents in a given subdivision. In some areas you will find companies that can provide this kind of information to the building industry.

The interest rate on construction money is normally the prime interest rate plus 2%. Let us assume that the prime rate is at 4%. 4% plus 2% equals a rate of 6%. Going back to our Winner Chart, take the construction loan of $175,000 multiply it by 6% or.06. Then divide that number by twelve [twelve months] and multiply that number by four [the projection from Exhibit “A”]. This equals $3,500 in construction interest that you will have to pay on the construction loan.

The next item you’ll encounter is closing cost on the permanent loan. If the market is really good and there are a lot of buyers, you may not incur any closing cost on the permanent loan. The purchaser will pay it. It’s a negotiable figure.

But when you begin construction of a home, because of the length of time involved, the market could easily change and you’ve always got to look at the downside. The downside may very well be the builder paying at least 3% of the closing cost on the permanent loan in order to entice the buyer to buy. Take the assumed permanent loan of $200,000; multiply it by 3% or.03 and that equals $6,000 that you, the builder, will pay toward closing cost on the permanent loan. Always expect the downside.

When you subtract all those items from the balance, what is left is net profit, which in this example is $26,500. Divide that amount by the sales price of $250,000 and you see a profit of 13.72%. If that figure is less than 10%, my recommendation to you is “Don’t build it”. Say, “I’m not interested. Go talk about it with somebody else.” Don’t spend any more time on it. In this example, the figure is greater than 10%, so you may be interested and will take it to the next step. What do I do now? Answer: verify as many of my estimated figures before actually spending any money. Verify that it looks like we can purchase the land for $35,000. Check with real estate agents or appraisers to see if it would appraise in that area for about $100 a square foot. If no one can give me some firm figures, I may pay an appraiser a small fee just to verbally tell me what appraisals are going for in a given area. I can call the banks and verify current closing fees for construction and permanent loans. I can verify current interest rates the bank will charge on construction money. If everything still checks out okay then I will now spend money on a set of drawings. I may tie the land up under contract, subject to many factors by which I can get my earnest money deposit back if these things don’t work out. When I get the drawings, I will determine what it will actually cost to build the home. I should know before construction pretty much what the actual numbers would be.

Let’s assume after you do these calculations the profit is below 10% or shows a loss. And for some strange reason, because of the emotional side of this industry, you play some form of mental gymnastics with these figures, you say to yourself, “I’ll sell it myself so I won’t have a real estate commission. I know it won’t cost $160,000 to build. The market is going to stay good, so I won’t have closing costs on the permanent loan. I know it won’t take me six months to build this home and sell it, so I’ll pay less interest.” If you play this kind of game, you’re only fooling yourself.

If you find yourself weak and tempted to do this, you’d be better off to come to Atlanta. Pay me $5,000. Let me beat you on the head with a 2×4 and talk you out of it. Not only would you save thousands of dollars but you’d also save over six months of your life.

If you always figure the downside – then if indeed there is a downside, you’ll come out OK. You can get creative and offer second mortgage financing, or other incentives to sell the home. You can even cut the price, which I never recommend, if you have to.

If the market is good, then you’ll probably earn more profit than we calculated.

When you build a home going in with a slim margin of profit and no consideration for the downside, if the market goes bad, you’re in deep, deep trouble. I know. I’ve been there.

So run through your numbers like I’ve shown you. If it’s a winner, go for it. If it’s a loser, forget it and go to the next deal.

Tom Harrison is the Founder of The National Institute of Home Building in Atlanta, Georgia. Tom is a native of Atlanta and a graduate of Georgia Tech. Tom has taught over 8,000 people how to build their own home without doing the physical work and about 30% of those students went on to become professional home builders.

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Luxury Home Builders and Contractors

Where do I find a home builder or contractor? I was not able to answer this question for one of my clients when asked a little more than 3 years ago. Today is a different story and I am happy to announce that after many years of being frustrated, I figured out how to minimize my chances of making a costly mistake when hiring a Toronto home builder. We need to be keen in choosing a home builder, but in my experience with luxury home builder Sydney they are very job oriented and detailed to what they are doing.

When you call someone who claims to be able to build you the home of your dreams, how do you know you can trust him? Well one way would be by asking to speak to a customer residing in your general location, who has had a custom built home done for them within at least 1 to 3 year ago. Other testimonials from previous customers living near you would be advisable too, but make sure you are able to contact them. It should not be too difficult since you live in the same general area. Take a short drive (recommended) or give them a quick phone call.

My experience and travels in the real estate field have led me to a few incredible, skilled, talented and very very honest luxury home builders and contractors. The ones that have attracted me the most and those that I would highly recommend to my friends and clients are the builders and contractors that are hands on. I get a good feeling about the ones that come across to me as perfectionist’s as well as being very proud of their work and who consider all their projects their signature trademark, so to speak.

I found a big clue about these builders and contractors in one key area. Keeping their promises. If they keep the smallest of promises they made to you then chances are they will follow through with all the big ones too. Being on time is something incredibly important as well. In one instance I booked an appointment with a prospective builder and he was 45 minutes late. This appointment served as an interview to him by us to decide whether we would consider him for the job. The fact that he was 45 minutes late (I actually think he forgot about us at first), demonstrated to us that he did not take the interview serious enough. This attitude, in my opinion, would lead to a recipe for disaster.

Is there anything more frustrating than investing so much of your hard earned money, time and energy into having a beautiful custom built luxury home or a renovation project done for you just to experience everything going wrong? This was what I was facing with many customers as a real estate Broker. Everything from skylights leaking to kitchens falling apart. This does not have to happen anymore and for me, wow, what a pleasure and relief to finally be able to suggest and recommend to my friends and clients a way to find a quality home builder, or a contractor specializing in all kinds of additions and renovations, a man of his word, and a luxury home builder who stands behind his work!

Here are some tips to consider when selecting the right home builder or renovator for you:

1. Ask someone you know and trust for a referral. Word of mouth is very powerful.
2. Interview at least 3 past customers in Toronto and have a list of questions prepared for them including “how long have they been in business?”.
3. Price is important but focus more on quality of material and workmanship
4. Get their guarantee in writing
5. Ask for past clients and don’t just take their word for it, do the groundwork and call and/or visit them.
6. Call and check them out with the Toronto Better Business Bureau
7. Don’t rush into a contract. Give yourself some time to review all the information you gathered from them and then, use your instincts. The project will surely be a partnership between you and the builder so ask yourself this question, “is this the person/builder/contractor that I see myself having a good working relationship with during the time it takes to complete this project?”

These are just some tips that should assist you in making the right decision when deciding on a home builder, luxury or general, or a contractor who renovates. Happy building, happy renovating!

Bruno Cristini is a Broker with over 25 years experience. As the high cost of housing continues to climb, the option of building additions and renovating your existing home makes more sense today. Depending on the size of your lot, an even better option may be to tear down your existing house and build your dream home in its place. Mr. Jorge Vieira has been a blessing in my business. He is a high quality luxury custom home builder who also takes on smaller projects like additions and other types of renovations. You may learn all about Mr. Vieira here, Toronto Luxury Home Builder Contractor and see his flagship custom luxury built home here, Vieira Fine Homes And Renovations

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