Current Contractor Guide 2024

What is a HELOC?

Commentary by Slater Young Mortgage Loan Officer, NMLS# 2104170

You’ve probably heard of a HELOC, or home equity line of credit, but you may not realize the impact this powerful tool can have on the journey of homeownership.

First, many misinterpret this loan as not a mortgage, when in fact it is. It is typically a second lien, behind your first mortgage. The important thing about this loan is that it does not impact your payment with your primary mortgage. This can be a great tool to use for home renovation, debt consolidation or other creative uses that do not get rid of your low interest rate on your primary mortgage.

The way it works is simple. We take 89.9 percent of the current value of your home, subtract your outstanding mortgage balance, and the remaining equity becomes available for future use. The nice thing about a HELOC is that similar to a credit card, if you do not have a balance, no payment is due.

Each HELOC can look different based on the financial profile of the homeowner,

which can result in different interest rates and draw lengths available. A bonus to the HELOC is that the costs to put one in place are typically a fraction of those associated with a 30-year fixed rate mortgage. Once in place, you can draw up and pay down the balance as you see fit. A caution to many prospective borrowers is the lack of repayment on this loan can result in a balloon payment due at the end of the term.

Contact Community First Bank of Indiana for more information regarding mortgage products and your eligibility. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy bank underwriting guidelines. Member FDIC, Equal Housing Lender, NMLS #614034.

(Stock photo)

A timely termination leads to 111-year-old flooring business

By Mary Farucci news@youarecurrent.com

EF Marburger Fine Flooring on Allisonville Road in Fishers prides itself on providing all types of flooring for residential and commercial needs. Variety includes hardwood, carpet, tile, vinyl, glass and marble, among others.

A locally owned and family-operated business since its founding in 1913, EF Marburger Fine Flooring also has cabinet options, countertops and other home-related items in its showroom for customers interested in remodeling their kitchen, bathroom or basement.

“My great-grandfather Eli Franklin (Marburger), who the company is named after, worked at the flooring department at Blocks Department store in downtown Indianapolis,” said Kelly Marburger Novak, who now operates as the president and co-owner, along with her sister, Kimberly. They are the great-granddaughters of Eli Franklin Marburger.

“As the story goes, he was fired after returning back to the store five minutes late on his lunch break when he decided to start his own flooring business,” Marburger Novak said.

The rest is EF Marburger Fine Flooring family history.

“Originally, it was called The Guarentee Rug Company,” Marburger Novak said.

“Later, he changed it to EF Marburger. But he wanted to start a company that just helped and took care of customers. That was instilled in my grandfather and then my dad. That’s always been the most important thing. We want to make it easy

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EF Marburger Fine Flooring operates a showroom at 9999 Allisonville Rd. in Fishers. (Photos by Mary Farucci)

From left, Kimberly Marburger and Kelly Marburger Novak.

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for the customers and we want to make sure that they’re happy. That’s the backbone of the company.”

In 2018, Marburger Novak and her sister were officially handed the reins of the business by their father when he decided to retire.

The store, which has moved several times since its founding, has been at 9999 Allisonville Rd. since 1990.

“Literally, it’s the perfect place because we’re so centrally located to Carmel and Geist and Noblesville, Westfield,” Marburger Novak said. “It really is like your neighborhood flooring store. We love the local feel.”

For more, visit efmarburger.com.

Communication, efficiency inspires ‘un-corporate’ service business

By Tirzah Rowland news@youarecurrent.com

Sam Elsts started his family-owned pressure washing business, My Guy Services, 12 years ago to make extra money while studying business at IUPUI. The 2017 graduate now strives to be the go-to-guy for exterior home cleaning in the greater Indianapolis area.

“We’re not a corporation. We want to extend a helping hand to the people in the city we call home,” Elsts said.

rate and exact pricing for all of our services,” Elsts said. “And the price is shown as what the price is. The only time that is changed is if the price goes down.”

There is a service minimum of $299 for a basic house wash with an 18-month warranty against the return of algae.

My Guy Services provides power washing, pressure washing, concrete sealing, gutter cleaning, gutter guard installation and exterior window cleaning.

Core values for Elsts and his team are communication, efficiency and professionalism. He said they differentiate themselves by retaining a team yearround and providing timely booking windows.

The company’s website allows for service quotes within 30 seconds and convenient online scheduling.

“Since we’ve been in business so long, we know what things cost, and a few key indicators on the size of your home and what you’re wanting will give you accu-

“The average ticket for clients is right around $550 because they’re typically getting more than one service from us. They’re not just having us wash the house,” Elsts said.

The company provides discounts for bundled services.

Service hours are 8 a.m. to 6 p.m. Monday through Saturday. Online quotes and the call center are available seven days a week.

The team also provides corporate and residential Christmas light installation beginning in October and snow plowing services as needed. The average cost for My Guy Services residential Christmas light installation is $1,200.

Elsts and his team were hired by the Indianapolis Zoo to wrap 50 trees for its lights display and contracted with the city to branch wrap 40 trees around Monument Circle.

For a quote or more information, visit myguyservicesllc.com.

Elsts

My Guy Services provides concrete sealing, pressure washing and other services. (Photo courtsey of Sam Elsts)

JOHN KIRK

Representing some of the world’s most revered brands, the 120,000-square-foot showroom brilliantly displays sophisticated, stylish and timeless designs. We are the largest Stickley dealer in Indiana. Whether you are looking for a unique single piece in our accessories store, or an entire roomful of furniture, our showroom has it all and more.

Some of the many brands we carry:

Enhancing the value of your home

Commentary by Robbin Edwards

There is no shortage of options when it comes to spending money on your home. There are plenty of lists on the internet about which of those options will add value. But those lists assume unlimited space and money, and they are not tuned to your market. Not everyone has the ability to add a bathroom, or the budget to totally remodel a kitchen. And sometimes something as simple as paint color can make a huge difference in the marketability of a home.

There are various factors to consider before tackling improvements, and often, they are market-specific and can change depending on the area in which the home is located, interest rates and price points. Depending on these factors, certain improvements will be more appealing to buyers and net more return on investment than others. It may pay to consult with a real estate professional about current and projected market trends and buyer preferences if your intent in making home renovations is to increase the value of your home.

For example, adding a bathroom or pantry traditionally enhances the value of a home. But, with current work-fromhome trends, it may be better and less expensive to convert that space into an office. Similarly, open floor plans are no longer universally desirable, given the need for privacy while working from home; so you might want to think twice before knocking down that wall.

Finishes also vary by market and price point. While gold fixtures may be making the rounds of high-end homes currently, they are not universally desirable and do not fit every home style.

While kitchens and primary bathrooms consistently rank high in providing a substantial return on investment, that doesn’t mean that everyone should run out and renovate these spaces. It depends on other factors and the overall condition of your home. A great kitchen in a home with deferred maintenance is not a good use of your money. You might be better off replacing the roof, the HVAC system, the siding or the windows before a

A real estate professional can help homeowners determine which projects add the most value to a home. (Photos courtsey of Robbin Edwards)

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kitchen renovation. Maintenance items can deplete a buyer’s cash quickly, so a well-maintained house is often more appealing than a home with a single, fabulous, updated space.

It is a good idea to make a list of the enhancements your home needs and those you want before tackling any project. We often do two different consults for clients. One is for the homeowner who plans to stay in their current home and is contemplating a bigger renovation. They want our input on space considerations and material choices based on current market trends. This homeowner wants to enjoy the result of their renovations while ensuring that the design and materials they chose will be appealing if they choose to sell.

The second consult is for the homeowner who wants to sell and knows that the home needs some improvements but is unsure of which direction to take. Often, these improvements are condition and maintenance related. Replacing carpet, painting and a professional deep clean can instantly change the look and feel of your home, making it more desirable for a buyer.

If you are considering a renovation and unsure about the direction, or you are thinking about selling your home, but you don’t know where to begin with getting your house ready, it is a good idea to get the advice of a real estate professional. They can give you feedback on how certain changes may fit your market and be perceived by potential buyers.

Enjoy your outdoor area year-round. Rain, shine, hot or cold.

Robbin Edwards is the founding member of Edwards Realty Group. You can contact her at robbin. edwards@encoresir.com.

ABOUT US

At The Heartland Builders, our mission is simple: Change the narrative of what it means to be a contractor. Our team has been carefully selected based on their overall experience and their dedication to treating our customers and their properties with respect. More than that, we complete work efficiently to minimize the disruption to your home life or business activities, and we do this without sacrificing on the superior quality that we instill in everything we do.

OUR SERVICES

• ROOFING & INSURANCE CLAIMS

• INTERIOR REMODELING

• HARDIE & VINYL SIDING

• GUTTERS & GUTTER GUARDS

• CONCRETE

• INTERIOR & EXTERIOR PAINTING

• DOORS & WINDOWS

• & MORE

TESTIMONIAL

“I can’t say enough about the team of The Heartland Builders. Their communication, project management, workmanship, craftsmanship, and work ethic are top notch. For our kitchen remodel, each day the team showed up early, left around dinner, and worked the entire time. The team delivers on their word and obligations discussed through the sales process (a rare feat in any industry).

I’m already looking forward to our next project with The Heartland Builders.”

— Matt & Sarah Lang, Carmel

At Timber Ridge Fence Co., we believe in delivering speedy installations using high-quality wood, vinyl, and aluminum for all residential and commercial properties in Indianapolis. Choosing the perfect fence is not easy, but we’re here to help every step of the way - and we provide FREE ESTIMATES.

the

Changing colors, automation among outdoor lighting trends

By Ann Marie Shambaugh AnnMarie@youarecurrent.com

When it comes to outdoor lighting, many homeowners are looking to add some new hues to their house.

Whether it’s green for St. Patrick’s Day or orange at Halloween, color-changing systems have been in high demand of late, according to John DeWaal, president of Carmel-based The Lampliter.

“They can set them for different holidays,” DeWaal said.

Automation is another trend, he said, which uses smart controls to program bulbs to switch on and off, dim or change color. The Lampliter will install and set up the system so the homeowner can control it from anywhere through a smart phone app.

“It’s good for people who are away from home for a while, who go away for the winter or who are on vacation,” DeWaal said. “They can monitor and control lighting if they want to make it look like they are home by turning the lights on and off a couple times a night. They could do it manually or program it.”

The Lampliter, which DeWaal co-found-

ed in 2018, works with homeowners to determine which lighting products and designs will best meet their needs. The company offers free consultations to get started.

“We’ll get an idea of what kind of lighting they like, what kind of style they like, what kind of finish they want on the lighting and also look at their house and the architecture,” DeWaal said.

The Lampliter aims to simplify the process as much as possible for clients, whether it’s for an indoor or outdoor project.

“Our goal is to make (the project) as simple and turnkey as possible. Then they can avoid having to go to a big box store and get overwhelmed by looking at the options and trying to understand what’s right for their home,” DeWaal said. “(Through online retailers), there are thousands and thousands of options when it comes to lighting. Our process helps narrow that down and make it a much easier and simplified process. They tell us what they want, and we bring it and we

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A landscape lighting installation by The Lampliter. (Photos courtesy of John DeWaal)

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put it up.”

DeWaal said outdoor lighting upgrades can provide several benefits for homeowners, such as increased security by discouraging intruders.

“They don’t want to be seen, so if they look at a well-lit house, they are probably going to pass it and go find a darker house where they can hide,” he said.

Outdoor lighting also improves safety for homeowners and guests, DeWaal said, as it allows them to see more clearly as they approach during dark hours.

Another benefit is improved aesthetics and the ability to customize the look to the homeowner’s taste.

“For us, outdoor lighting — or lighting in general — is the jewelry of a house,” DeWaal said. “A lot of times the simple process of updating lighting on the exterior of a house can really change the complexion of it for the better in many ways. And of all the things you can do to upgrade your house, it’s one of the more affordable ways to do it.”

Learn more at TheLampliter.com.

We are a full-service, licensed, bonded and insured roofing company serving Indy and surrounding areas for over 15 years. Let our trained roofing technicians inspect your roof free of charge so you know if your home is protected!

Air duct cleaning grows in popularity

By Mark Ambrogi mark@youarecurrent.com

Mite-E-Ducts Air Duct Cleaning General Manager Clay Winters has seen the growth of his business through the years.

“I think the knowledge and understanding of air duct cleaning and the importance of indoor air quality has increased,” Winters said. “People are more aware of the benefits of better indoor air quality. In addition to that, our technology has gotten better. The way we did it 30 years ago compared to how we do it now, it’s just more efficient. There’s better tools and technology than there used to be.”

Winters said the COVID-19 pandemic made people more aware of the importance of indoor air quality. He has been working in the Zionsville business since May 2000. His father, Alan Winters, is the owner and started the business in 1995 for his father, Ted Winters, who had some duct cleaning experience. The late Ted Winters retired in 2001.

“So, the main reasons why people are

“People are more aware of the benefits of better indoor air quality. In addition to that, our technology has gotten better. The way we did it 30 years ago compared to how we do it now, it’s just more efficient.

– CLAY WINTERS

having it done are to help remove any dust or allergens in the duct system, pet hair, pet dander,” he said. “We have a whole list of customers with allergies or asthma who are having it done on a regular basis to basically just help with the air quality in their home.”

Winters said it is recommended every three to five years to have the air ducts cleaned in your home.

“Our customers that have bad allergies

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A before and after of air duct cleaning.

(Photo courtesy of Mite-E-Ducts)

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or asthma tend to lean more towards that three-year mark and have it done a little bit more often,” he said.

Someone who doesn’t have as many allergies might go closer to the five-year mark.

Another reason to have duct cleaning is moving into a brand-new home, because there is often construction debris and drywall dust.

“Drywall dust is almost like soot. People will have moved into a home and notice there is this thin layer of drywall dust all over everything,” Winters said. “So, we do duct cleaning on brand-new homes and homes that have had a major remodel.”

Winters said some custom home builders perform the duct cleaning before the owners take possession.’

Another reason for duct cleaning, Winters said, is for smoke or fire damage.

Winters said the pricing often depends on if there is one or two furnaces in the home. The square footage of the home and number of vents are factors as well.

Winters said consumers need to be aware of scams from some duct cleaning businesses.

“It’s one of the lower-level costs because you can’t get into the business for under $10,000,” he said. “The problem with that is anybody can say they do (it).”

The National Air Duct Cleaning Association is the governing body and Winters said Mite-E-Ducts technicians are certified.

“The problem is they can’t regulate all these guys that come out of the woodwork and try to claim to be air duct cleaners,” he said.

For example, Winters said some companies might offer coupons for $99 or $49 duct cleaning.

“I tell people the average duct cleaning takes three to five hours for one system,” Winters said.

So, he asks potential customers if they think a company can come into the house for three to five hours and truly do the proper work for $99.

Winters said 90 percent of those companies come out and then start raising the cost, often targeting elderly people.

“When people call us, we give them upfront pricing,” he said.

Winters said his business primarily uses truck-mounted equipment, which serves as a giant vacuum.

“So, none of the dust and debris is being refiltered inside the home,” he said.

For more, visit airduct.info.

By Leila Kheiry leila@youarecurrent.com

Closets are a large part of Closets by Design’s business, of course, but the Indianapolis-area franchise offers space-saving design solutions throughout the home, including garages, bedrooms, pantries, laundry rooms and entertainment centers.

Franchise owner Anthony Rund, who lives in Carmel, said his team can help figure out storage options or upgrades for pretty much anywhere in the home.

“Our team here takes care of the process, start to finish — everything from a designer coming out and meeting with customers in their home, listening to what they need and then coming up with a custom design for their space and taking the measurements and all that, to the team at the shop here that does the engineering work and manufacturing,” he said. “And then our install crew goes out and puts it in.”

Rund has owned the franchise for two years, but the business has had an Indianapolis presence for about six years at 1810 S. Lynhurst Dr. He said he previously worked with Caterpillar.

“I started looking at different opportunities and saw this business and really liked it,” he said. “And with four kids, I saw

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the value in some of the systems (for) keeping things organized.”

He said the team can optimize storage for all kinds of spaces, including small closets. In fact, he said, small spaces probably benefit the most from custom organizing.

Rund added that homeowners these days are looking to add more drawers to their closet designs, reducing or eliminating the need for bedroom dressers.

“Almost every job we’re doing some element of drawers and essentially moving a dresser-type space into the closet,” he said.

Rund said his team offers a personalized experience for homeowners.

“The time we spend up front — we’re listening to what customers’ needs are, coming up with that custom solution and then the capability we have right here in Indianapolis to build the product, manufacture it and then go out and install it,” he said, adding that a custom closet can fill a homeowner’s needs better than something standardized from a big-box store.

Learn more at indianapolis. closetsbydesign.com