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Kalleen Foster
REALTOR®
    Years of Experience: 6

    Weber State University, BS, Business Management
    GRI-Graduate Realtor Institute
    SFR - Short Sale Foreclosure Resource

Direct: (801) 589-2220



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Coldwell Banker Residential Brokerage
2225 Washington Blvd #100
Ogden, UT 84401


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Tax Breaks Every Homeowner Should Know

Tuesday, March 2nd, 2010

Do you know the difference between tax deductions and tax credit?

  • A tax deduction reduces your taxable income–less income to tax means less tax you pay.
  • A tax credit is a dollor-for-dollar reduction in your taxes due.

 

The following is information homeowners should know about tax breaks:

  • Property Tax - Property or real estate taxes are fully deductible.  Any local, city, or state property tax refund reduces your federal property tax deductions by an equal amount.
  • Mortgage Loan Interest – This is one of the most significant tax breaks, especially during the early years of your loan term.  That’s when the majority of your mortgage payment goes to interest.  On average, homeowners can save about $2,000 per tax return by deducting their mortgage interest.
  • Points on Your Mortgage Loan - The points you paid on your home may be deductible through the duration of the loan term.
  • Tax Credit for First-Time Homebuyers – First-time homebuyers are eligible for a tax credit of up to $8,000.  They cannot have owned a residence for the past 36 months.
  • Tax Credit for Current Homebuyers - Current homeowners may be eligible for a tax credit of up to $6,500.  They must have owned a primary residence for five consecutive years of the previous eight years.
  • Home-Based Business Deductions - Home-based business owners who use a precentage of their home exclusively for their buisness can deduct the same percentage of certain home-based expenses.  Such expenses include a percentage of insurance and repair costs, utility bills, home improvements and depreciation.

Of course, it is always a good idea to consult with a qualified CPA or Tax Preparer before making any tax decisions.

Gary Boyer provided information for this article.  He may be reached at: www.republic-mortgage.com/gboyer/ or 801-479-0600.

Buying a Home in Ogden, UT? Here’s a Few Facts.

Sunday, February 14th, 2010

Lately, we have heard a lot about first-time homebuyers because of  the tax credits.  Their needs and wants are different than those who are looking to move up. 

If you are considering moving or remodeling, here are a few items of interest.

Here is a link for some other innovative ideas: www.homelogic.com.

Ideas for this blog were taken from MarketWatch, Steve Kerch, February 4, 2010.

1.  Kitchens are on the top of the list and designers or a builders are aware of this.  If you are going to remodel, spend your dollars here.

2. Energy-Efficient Appliances, High-Efficiency Insulation and High Window Efficiency.  These are what home buyers value most.

3.  Home/Office Study.  Some people would rather have these than a formal dining room or the home theater.

4. Main-Floor Master Suite.  For empty nesters this is a must.

5. Outdoor Living Room.  The popularity of outdoor spaces continue to grow.

6.  Ceiing Fans.  With the rising costs of energy, these are a must.

7. Master Suite Soaker Tubs.  Whirlpools are still desireable for many home buyers. 

8.  Stone and Brick Exteriors. 

9. Community Landscaping with Walking Paths and Playgrounds. 

10.  Two Car Garages.  Even a three car garage is desirable.  The thrid bay is often used as storage.

A helpful link you might enjoy: www.homelogic.com

Ideas for this blog: MarketWatch, Steve Kerch, February 4, 2010.

Wondering About Fire Safety?

Saturday, January 16th, 2010
 
FIRE SAFETY FOR WINTER AND EVERY DAY
 

Residential fires take their toll every year in lost lives and destroyed property. The fact is, many conditions that cause fires can be avoided or prevented by homeowners. Taking the time for some simple precautions, preventive inspections, and concrete planning can help prevent fire in the home – and can even save your life should disaster strike.

  • Any electrical devices including lamps, appliances, and electronic equipment should be checked for frayed cords, loose or broken plugs, and exposed wiring. Never run electrical wires under carpet or rugs.
  • Wood-burning fireplaces should be cleaned by a professional chimney sweep each year to prevent a dangerous buildup of creosote, which can cause a flash fire in the chimney. Cracks in masonry chimneys should be repaired, and spark arresters inspected.
  • When using space heaters, keep them away from beds and bedding, curtains, papers – anything flammable. Always follow the manufacturer’s instructions for use. Space heaters shouldn’t be left unattended or where a child or pet could knock them over.
  • Use smoke detectors and keep them armed with fresh batteries unless hard-wired to your home’s electrical system. Smoke detectors should be installed high on walls or on ceilings on every level of the home and inside each bedroom. Statistics show that nearly 60% of home fire fatalities occur in homes without working smoke alarms.
  • Kitchen fires know no season. Grease spills, items left unattended on the stove or in the oven, and food left in toasters can catch fire quickly. Don’t wear loose fitting clothing, especially with long sleeves, around the stove. Handles of pots and pans should be turned away from the front of the stove to prevent accidental contact. Keep an all-purpose fire extinguisher within easy reach.
  • Children should not have access to or be allowed to play with matches or lighters. Flammable materials such as gasoline or kerosene should be stored outside the house.
  • Have an escape plan. This is one of the most important measures you can take to prevent death in a fire. Your local fire department can provide detailed recommendations on escape planning and preparedness. In addition, all family members should know how to dial 911in case of fire or other emergency.
  • Live Christmas trees should be kept in a water-filled stand and checked daily for dehydration. Needles should not easily break off a freshly-cut tree. Brown needles or a lot of fallen needles indicate a dangerously dried-out tree, which should be discarded immediately. Always use nonflammable decorations in the home, and never use lights on a dried-out tree!
  • Candles should be placed in stable holders and placed away from curtains, drafts, pets, and children. Never leave candles unattended, even for a short time.
  • Christmas or other holiday lights should be checked for fraying or broken wires and plugs. Follow the manufacturer’s guidelines when joining two or more strands together, as a fire hazard could result from overload. Enjoy your indoor holiday lighting only while someone is home!

Your local Pillar To Post office wishes you and your clients a happy and safe holiday season.


The Pillar To Post Team

ptpnutah@xmission.com
www.pillartopost.com

1-888-700-7001
pillartopost.com

Reasons to Buy or Sell in the Ogden Utah Area

Friday, January 15th, 2010

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Temperatures are still low and so are rates.  Now is the time to take advantage of current interest rates and purchase the home you have your eye on.   You may even put cash in your pocket using the tax credits.

Another reason to buy in the Ogden area is it’s proximity to Salt Lake City, who is ranked 8th of the best US cities for business.  It’s economy is steadily growing and continually climbing in the variety of  companies and holding the line in low employment. This is according to Russ Britt of MarketWatch on Dec. 30, 2009.

Thinking of remodeling before you sell?  What remodeling project will recoup the highest percentage of the cost? Did you know that an entry door replacement (steel) will recoup over 100% of the cost? And replacing siding with vinyl will recoup almost 100% cost. A wooden deck addition also recoups almost 100% of cost. More information on remodling cost may be found at costvsvalue.com.

By the way, when you price your home to sell, did you know than an overpriced home that stays on the market more than 60 days is likely to sell at a lower price than a home priced for a quick sale?  (Utah Realtor Magazine, Fourth Qtr 2009, pg. 21)

In other words, don’t let the low temperatures keep you from contacting me to help you buy or sell this winter!

Another “Plus” for Buying/Selling Now in the Ogden Area

Thursday, December 10th, 2009

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IMPROVEMENTS PAY OFF

With interest rates more than 1.5 percent lower than they were a year ago, and today’s excellent home prices, prospective buyers are considering homes that need a little TLC.  Purchasers are looking past the leaky faucets, breezy windows and outdated appliances in order to take advantage of below market sales prices.  By doing so they will be able to reduce their taxes by up to $1,500 when they purchase and install energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment.  A tax credit of 30 percent of the cost of the improvement is available through the end of 2010.

Buyers that plan environmentally-friendly projects on a newly purchased home will realize substantial tax savings, lower monthly energy costs and a lifetime of enjoyment.

So…don’t worry if you want to sell and your home is not in tiptop shape.  Save your money to purchase your new home and let the buyer take advantage of these incentives.  You might even be able to take advantage of these incentives on your new home!

Buying a Home in Ogden? Need to Make Improvements to Your Own?

Friday, December 4th, 2009

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Ocassionally I like to blog about home improvements.  Today I am going to give some tips about bathrooms.

The bathroom is a great place to start if you’re considering making smart improvements to your home. This room affords many opportunities for simple yet effective changes that will not only add value to your home, but also make your bathroom safer and more environmentally sound.  Here are just a few ideas.

 

WATER CONSERVATION

Low-Flow Fixtures

Cut down on the amount of water used in your bathroom by switching to a low-flow, aerating shower head and faucets.  These fixtures can reduce your home’s water consumption by as much as 50%. Low-flow shower heads will use just 1.2 gallons of water per minute as opposed to the 2.5 gallon average, but the aerating feature makes the water flow seem just as strong.

Dual-flush Toilets

Dual -flush toilets allow users to select the amount of water flushed to correspond to the task at hand.  There are two options; for solid waste there is a handle for full 1.6 gallon flush, and for liquid you can choose a 0.1 to 1.1 gallon flush.  You could save your family as much as 1,500 gallons a year.

SAFETY FIRST

Twenty-five persent of all household accidents occur in the bathroom.  Take precautions and select nonslip materials for floors, tubs, and showers, and use bath mats with nonskid backing.  Make sure your electrical outlets are protected with GFCI circuit interrupters, which cut off power immediately in case of a current surge. These should be installed by a qualified electrician.  Lower the setting of your water heater to avoid scalding and energy waste.

SOLAR WATER HEATERS

Water heating represents 15 percent of your home’s overall energy consumption.  Reduce your costs with a  solar water heater that utilizes the sun’s natural resources to give water temperature a head start.  Putting a solar heater on your roof can offset 1.5 kilowatts of energy per day from other sources and could save you $450 per year.

Please visit pillartopost.com or call 1-888-700-7001 for more information.

Home Improvements in the Ogden Area

Friday, November 6th, 2009

How do you feel about home improvements?  I feel it is a talent.  Some of us possess the desire and knack and others don’t.

I subscribe to Pillar To Post and they send me ePostnotes from their site.  Yesterday I posted their article about furnaces.  I hope you find it is beneficial.  It was for me.

In mid October, their article was “Repairs and Upgrades: How much will they cost?” It gave the cost of a kitchen remodel, floors, decks, security systems, and doorbell systems as well as hardwired smoke detectors.  If you go to their site and can’t find the information, please let me know and I will email the article to you.  Here is their link: www.pillartopost.

While you are there, you may sign up for ePostnotes and get these helpful hints about every two weeks.

So, if you aren’t the home improvemet type, at least you may know where to go and how much it could cost!
 

Furnaces: Efficiency, safety, and maintenance

Thursday, November 5th, 2009
Furnaces in homes throughout North America are cranking up for a long winter season. It is especially important to have furnaces inspected and maintained to ensure that they run efficiently and safely as we head into the colder months.
SIMPLE WAYS TO IMPROVE EFFICIENCY

By some accounts, home heating, especially gas furnaces, can represent half of a typical home’s winter utilities bill. Efficient operation can mean lower energy bills and a more comfortable home. For example, programmable thermostats can be used to automatically turn heat up or down at specified times, so that the temperature is lowered overnight or while no one is at home. Thermostats should be calibrated occasionally to avoid “off cycle” heat loss; a properly calibrated thermostat will result in more even heating between the on/off cycles, which is both more efficient and comfortable.

SAFETY AND MAINTENANCE

Safety is also an important factor in furnace operation. Gas furnaces can be a source of carbon monoxide if there are leaks or cracks that go unnoticed or unrepaired. The furnace flame should be steady and burn blue; if not, this should be addressed immediately. A qualified contractor or inspector can detect these types of problems and recommend needed action.

Simple furnace maintenance includes checking and replacing disposable air filters and cleaning permanent-type filters, as well as keeping dust, hair, and lint away from the burner compartment and air intake. No matter what type it is, a well-maintained furnace will not only last longer, but can save energy, money, and help a home’s overall air quality and comfort.

CONSIDERING A NEW FURNACE?

If a new furnace is necessary, it is a good opportunity to evaluate the various types of furnaces now available and how well they might meet a home’s specific situation. Furnaces are defined as conventional efficiency, mid efficiency, and high efficiency. There are advantages and drawbacks to each type, some are better suited to older homes, for example, and cost may be a factor in considering various types of systems. However, the ability of some new furnaces to reduce off cycle heat loss, eliminate the need for an always-on pilot light, etc. make replacing a furnace worth considering if a current system is in bad repair or functioning poorly. Your local Pillar To Post office can provide you with additional information on various types of furnaces.


The Pillar To post Team

ptpnutah@xmission.com
www.pillartopost.com

1-888-700-7001
pillartopost.com

Building an Office in Your Home

Thursday, October 8th, 2009

I read an interesting article the other day given to me by Gary Boyer of Republic Mortgage in Ogden.  It describes how to create a home office.  I work out of my home most of the time and found it very useful and I wanted share some of the points with you. 

Layout – Before you buy any new furniture, make sure you measure and plot where each piece will go, and don’t forget to account for electrical and cable outlets.

Furniture – A desk that’s roughly 60-inches wide, 30-inches deep, and 29-inches high is not only conducive to work, but it’s highly functional in terms of storing the items you use regularly. Your chair should be comfortable, but its primary function should be to promote healthy posture. Good posture will facilitate strong mental focus and will help to alleviate back and neck pain.

Lighting – Don’t underestimate the importance of quality lighting. If you have a window in your office, this should serve as your primary light source during the day. Large lights like floor lamps and ceiling lights should have the ability to be dimmed. Also, make sure your desk lamp is equipped with a light bulb that’s easy on the eyes.

Storage – Identifying the type of items you need to store, as well as the quantity, will help you to determine an appropriate course of action. Here are a few helpful hints.

  • Closets are great for storage. Not only can they house filing cabinets, but they are perfect for storing the items you don’t need to access on a regular basis. This helps to maximize the actual workspace of your office.
  • Shelving is one of the most versatile options for storage. Shelves can be purchased cheaply and come in a variety of sizes. They are easily installed and take up zero floor space.
  • Don’t forget about your garage. When it comes to older files or anything that is rarely accessed, a garage can provide ample storage space. Sometimes the garage can be a dirty place. Plan accordingly by storing paper items in boxes and wrapping equipment in protective plastic.
  • Visit a store that’s dedicated to home organization.  You’d be surprised at some of the inexpensive, space-saving storage options available.

Wall Organizers – Dry erase boards, chalkboards, corkboards, and magnetic boards are great for keeping clutter off your desk.  There are even combination boards that provide countless options.

Cords – Power strips provide the ability to plug multiple devices into one outlet. The better power strips also provide surge protection to the equipment that’s plugged into them. Cord covers are a great way to not only hide cords but to keep them from becoming a tangled mess.

Décor – Don’t overlook decor. Certificates, diplomas, awards, trophies, and pictures not only complement an office, but they also help to personalize it.

I hope these tips will help you create and organize your own home office. Thanks Gary!

Gary may be reached at 801-479-0600 or gboyer@repmtg.com.

Home for Sale in Ogden

Friday, October 2nd, 2009

I just listed a nice home in Ogden with a brick decorative fence around it.  One of the nice features of this home is the fence which also has a locked gate. This fence makes going home at the end of the day a place to feel safe.

There are several reasons for a fence.  First, it adds privacy to the backyard. It is always nice to  go outside in your own yard and not be viewed by others if the fence is a non see- through kind.  Sometimes plants and trees can line see-through fences to give more privacy.

Second, it is a safety feature for kids and pets–a place where they can play and have fun in a secure environment.

And third, it’s another safety issue because burglars and thieves tend to avoid homes with fences and locked gates.   

Fences can add value and charm to a home and there are all kinds of fences for your budget and tastes.  Many fencing options are both attractive and secure. Improving your home with a fence might be somthing to consider if you would like security and safety above and beyond what you presently have. 

A photo of this home and it’s “fence” will follow in another blog.

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