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Real Estate

Home Laundry: To Vent or Not to Vent

RisMedia Consumer News - January 16, 2018 - 2:30pm

I once believed it was a forgone conclusion that when adding certain laundry appliances to a home, it would mean installing exhaust ducting and cutting a hole to the outside for venting.

However, a recent report from Michele Weaver at Design Basics, LLC highlighted a growing trend in ventless dryers that can be easily located and relocated within a home because vent piping, exhaust holes and venting to the outside are not needed.

The mechanics of a home dryer can cause energy and safety problems if lint becomes trapped in the vent. This demands more energy use and frequent cleaning. Weaver believes one of the major trends consumers will be seeing in these key appliances will be the further refinement of ductless technology.

She says vent hoses snaking through a home’s framing have become a leading cause of the 2,900 (average) home clothes dryer fires reported annually, according to the U.S. Fire Administration.

J.D. Wollf at HomeSteady.com recently explained that a ventless or condenser dryer— also known as a Heat Pump Clothes Dryer (HPCD)—doesn’t need a vent because instead of expelling the hot, moist air, a heat exchanger removes the moisture from the hot air and “recycles” it, passing it back through the drying clothes. The excess water is then drained away or caught in a container that is later emptied.

The trade-off for energy savings and safety is a requirement for slightly more maintenance than vented dryers. Wollf says the condensing unit must be cleaned about once a month to remove any lint.

A study at the Florida Solar Energy Center at the University of Central Florida states that while an unvented HPCD uses less electricity than a standard resistance dryer, it was found to release significantly more heat than a conventional dryer during operation, demanding additional cooling energy that may compromise overall savings.

However, the study points out that with a current retail cost of $948, there is only a small premium on the HPCD dryers, making them cost-effective when chosen at time of replacement.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Home Laundry: To Vent or Not to Vent appeared first on RISMedia.

Categories: Real Estate

What Your Broker Is Worried About

NAR Daily News Magazine - January 16, 2018 - 12:00am

Real estate companies nationwide reveal the most pressing issues they face in 2018.

Categories: Real Estate

VA Program Sparks ‘Loan Churning’ Concerns

NAR Daily News Magazine - January 16, 2018 - 12:00am

Ginnie Mae officials recently testified to lawmakers that “loan churning” within the veterans program is putting vet borrowers at...

Categories: Real Estate

NAR Restructures to Improve Member Service

NAR Daily News Magazine - January 16, 2018 - 12:00am

CEO Bob Goldberg announces that many NAR groups have been reorganized to make the association’s internal structure run more...

Categories: Real Estate

4 Ways Brokerages Can Be More Client-Centric

NAR Daily News Magazine - January 16, 2018 - 12:00am

Retain customers and increase referral business this year with these tips.

Categories: Real Estate

The 7 Best Cities for Bargain Hunters

NAR Daily News Magazine - January 16, 2018 - 12:00am

Find out where a home buyer’s dollars can stretch the furthest.

Categories: Real Estate

Owners Get Real About Home Values

NAR Daily News Magazine - January 16, 2018 - 12:00am

A chart shows the difference between homeowners and appraisers’ perceptions on the value of properties, as seen in the nation...

Categories: Real Estate

Infographic: How Recent Buyers Purchased Their Home

RisMedia Consumer News - January 12, 2018 - 11:01pm

Demand and home prices are increasing, but that has yet to keep homebuyers out of the market. Here is how they did it:

 For more information, please visit www.nar.realtor.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Infographic: How Recent Buyers Purchased Their Home appeared first on RISMedia.

Categories: Real Estate

Real Estate Agent Among Those Killed in Mudslides

NAR Daily News Magazine - January 12, 2018 - 12:00am

Rebecca Riskin, a REALTOR® and founder of Riskin Partners in Santa Barbara, Calif., was killed this week when mudslides tore through a...

Categories: Real Estate

Employers Can Now Add to Down Payments

NAR Daily News Magazine - January 12, 2018 - 12:00am

A new program allows employers to contribute toward workers’ down payment on a home, similar to the way  companies contribute...

Categories: Real Estate

Buying Better Than Renting in 54% of Markets

NAR Daily News Magazine - January 12, 2018 - 12:00am

Despite rising prices, buying a home is still more favorable for consumers than paying skyrocketing rents in many U.S. counties.

Categories: Real Estate

Seller Willing to Accept $45M—and Bitcoins

NAR Daily News Magazine - January 12, 2018 - 12:00am

The cryptocurrency is finding a place in real estate transactions across the globe.

Categories: Real Estate

Mortgage Rates Rise Across the Board

NAR Daily News Magazine - January 12, 2018 - 12:00am

The 30-year fixed-rate mortgage is nearing 4 percent, but still remains well below its average from a year ago.

Categories: Real Estate

Understanding A Client’s Unspoken Words

NAR Daily News Magazine - January 12, 2018 - 12:00am

Look for these nonverbal cues to understand what your clients are really communicating.

Categories: Real Estate

California Brokers: MLSs Need to Catch Up

NAR Daily News Magazine - January 11, 2018 - 12:00am

During a panel discussion Wednesday, MLS executives and real estate professionals aired concerns over whether the industry can move fast enough to...

Categories: Real Estate

How Technology Influences Your Commission

NAR Daily News Magazine - January 10, 2018 - 12:00am

“Technology has helped the real estate industry better compete and to justify to consumers why they still need to pay a commission to an...

Categories: Real Estate

When It’s Time to Increase Your List Price

NAR Daily News Magazine - January 10, 2018 - 12:00am

In some situations, it might make sense to actually ask for more to get buyers’ attention.

Categories: Real Estate

Consumers Don’t Expect to Move This Year

NAR Daily News Magazine - January 10, 2018 - 12:00am

The majority of prospective buyers and current homeowners say they will likely stay put because of continued housing affordability challenges.

Categories: Real Estate

Buyers Betting on Bigger Down Payments

NAR Daily News Magazine - January 10, 2018 - 12:00am

With steep competition, some buyers are scrambling to come up with larger down payments to gain a competitive edge.

Categories: Real Estate

Denver Offers Extra Housing to Working Class

NAR Daily News Magazine - January 10, 2018 - 12:00am

Denver is utilizing its overflow of high-end rental apartments to house teachers, medical technicians, and others who are unable to...

Categories: Real Estate