Don’t re-roof until you do these 5 things utable contractor. These contractors should have the best knowledge of local building codes, state codes and required certifications and licenses. Ask the contractor to see their certificate of insurance before stepping onto the roof. Consider going the extra mile and A recent study by the choosing a contractor Joint Center for Housing certified by the manuStudies of Harvard Unifacturer of the shingle versity projects home imthe contractor installs. provement spending will Improper installation is approach $340 billion considered one of the this year - the strongest major reasons roofs fail gain for remodeling in prematurely, so finding a more than a decade. contractor with knowlAmong the costliest edge and experience in of projects is roofing, the correct application of a large expense with serious implications if put a particular product is of the utmost importance. off or improperly done (BPT) - With spring officially arriving, home improvement season is swinging into full gear. Fair warning to homeowners looking to hire a professional, 2018 is predicted to be a record-breaker.
It is important to understand the warranty 2. Determine layWhen you add 2019’s specific to the roof prodremodeling demand with over or tear off uct you have installed. the much-talked-about Many times, conEducate yourself on skilled labor shortage, on tractors will push for a requirements for instaltop of the recovery from removal of all existing lation, including whethlast year’s hurricane sea- shingles, or a tear off, er a shingle layover is son, homeowners could over adding another Typically, doing a lay- applicable (as mentioned be tempted to jump over is more economical, above). layer of shingles on right into major home although homeowners top of an existing roof, work, all without doing need to discuss relevant a layover. Although a “Some shingle their homework first. As complete tear off is more factors with their conmanufacturers won’t this could prove costly, tractor, including local expensive due to inwarranty the roof unless consider the following creased labor costs, there building code requireit is a complete tear off,” before anyone sets foot are some advantages. ments and implications on your roof: Taylor said. “TAMKO is for the manufacturer’s one that actually does warranty. “When you tear off, have the option to war1. Check contractor you get a chance to look ranty a laminated shingle qualifications at the roof deck and applied over one other 3. Research the layer of 3-tab shingles.” repair any deteriorating warranty Choose a local, rep.
wood or substrate,” said Rick Taylor, longtime roofing contractor and a trainer for shingle manufacturer TAMKO Building Products Inc.
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Other warranty concerns to consider include proper installation, the required steps to register your roof after installation and the time period allowed for transferring that warranty to future owners of the home.
outside it. 5. Check the weather
It may seem obvious, but a simple check of the weather before starting a roofing project could prevent a big headache later. Avoid starting a 4. Assess ventilaproject with wet plytion needs wood or underlayment, Inadequate roof venor when the forecast tilation is another major culprit behind premature indicates a strong chance of rain. Also, many roof aging. There are manufacturers of asphalt a variety of options for roof ventilation; howev- shingles, the most poper, it is generally recom- ular form of roofing in the U.S., do not recmended to incorporate ommend installation in proper ventilation into below-freezing temperathe original re-roof, rather than add it later. tures or in excessively The recommended ven- high temperatures. tilation depends on the size and architecture of Careful consideration the home, but when of these steps during done correctly, the air your next home exterior inside the attic should be near the same tem- project could save you perature as the ambient from costly and lengthy temperature of the air rework years later.
FINK LAW OFFICE
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CARPET EXPRESS
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CARPET & VINYL CERAMIC TILE LUXURY VINYL PLANK HARDWOOD
Unbeatable Prices • Locally Owned • More Than 10,000 Sq. Yds. In Stock
611 West State Street Olean, NY 14760 www.carpetxpress.net Phone: (716) 373-5391 Fax: (716) 373-5393 Mon-Thu 9am–5:30pm Fri 9am–8pm • Sat 10am–3pm
Home Phone: 585-928-5113 Cell Phone: 716-378-3435
Credit tips for buying an investment property
(BPT) - If you love the idea of being a landlord, and don’t mind being on duty around the clock, buying an investment property may be the wealth-building option for you. Property values have enjoyed a steady increase over the decades. That’s why real estate has earned its reputation as a sound investment that builds wealth and credit. Most people, however, don’t have the quantity of cash on hand to purchase a house or apartment building out-
purchase an investment property, it’s important to do everything you can to make sure your credit score stays as high as possible until the loan is approved and signed. Your goal is to land the best possible interest rate, because even half a percentage point can add tens of thousands of dollars of total interest payments to a 30-year loan (and affect right. Still, if becoming your wealth-building a landlord means taking abilities). out a 30-year mortgage, the monthly payments During this time, from the tenants should things like continuing to be enough to service make on-time payments the loan and build on your existing loans equity for you, while can be helpful in mainleaving some cash flow taining your credit score. so you can maintain the However, sometimes property. people unintentionally lower their credit score If buying investment when they’re actually property sounds like a trying to be fiscally restep you’d like to take, sponsible. For example, here are some credit when shopping around considerations every for the best mortgage investor needs to know. rate, keep in mind that multiple inquiries can have a negative effect 1. Be mindful of on your credit score, the inquiry stage especially if you don’t have a long credit hisOnce you decide to
SOLD HAPPENS HERE! $87,900 79 Adams Street
Tina J. Dillon
2. Keep credit utilization low
Being a property manager means expecting the unexpected, and one of the best ways to be ready is to have enough cash at the ready to take care of these problems. Build an emergency fund in your savings account, and keep your credit paid down so you always have that cushion to fall back on during any crisis.
When maintaining a property, having access to credit can be helpful because it lets you make repairs and keep things in good living condition for your tenants. One thing that can affect your credit score is the amount of credit you’re using. Unfortunately, keeping a higher balance could result in a lower credit score. As a rule, keep your credit utilization at 30 percent or less. For example, if your credit card has a $5,000 limit, the balance should not get any higher than $1,500. Throughout the billing cycle, keep an eye on the balance, and pay it down when you can.
to pay yet, it doesn’t really feel like spending money when you’re making the purchase. However, once the interest-free promotional period is up, a double-digit interest rate often kicks in. If you don’t have the cash to pay off the balance or make payments, you could end up with penalties that can affect your credit score. Before you sign on, always read the fine print.
Before you invest, do your research on credit scores and know your pros and cons. More than 8.5 billion credWhen it’s time to replace the oven range it scores compiled by or a refrigerator, one of VantageScore Solutions those “no payments, no were obtained and used interest for 18 months” in the U.S. between June 2016 and July deals can seem like a 2017. Whatever your lifesaver. It sounds like stage in life, the market a great deal, but these offers many options for alluring promises are designed to play a psy- those who wish to build chological trick on you. their wealth through Because you don’t have investing in real estate. 4. Beware of low and no-interest financing deals
3. Keep a cushion of cash It happens. You get
Salamanca: 3 bedrooms, 1 ½ bath home with many updates! Remodeling includes new kitchen, full bathrm. Back deck and pool! Nicely landscaped lot. Call for personal showing!
Lic. Real Estate Salesperson
that call about a water leak, and before you know it, you’re spending your Saturday evening pricing plumbers, searching for one whose overtime rate is only in the range of mildly outrageous.
tory. Fortunately, many credit bureaus recognize that you may be comparison shopping, so make sure you do this within a defined time frame of 30-45 days.
B1194486
34 Washington Street, Ellicottville NY Cell: 716.474.5646
www.tinadillon.net
SOLD HAPPENS HERE!
OUR VERY OWN
Price Reduced: $99,000 Carrollton: Owner must sell! Two for the price of one on 10 wooded acres! Log home with large stone fireplace. Log building out front was previously utilized as a restaurant. All equipment stays. Pond and several outbuilldings.
Tina J. Dillon
Lic. Real Estate Salesperson
B1171187
34 Washington Street, Ellicottville NY Cell: 716.474.5646
www.tinadillon.net
FOUND AT ALL THE LOCATIONS LISTED BELOW ONE FULL COLOR BOOKLET WITH ALL OUR LISTINGS SMETHPORT
104 FOREST AVENUE • SMETHPORT, PA 16749 • (814) 887-7772
Smethport Businesses:
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North Central Supply & the “Shops of Quarterwest”
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30 FRALEY STREET • KANE, PA 16735 • (814) 837-8540
and The Shops of Quarterwest
Kane Businesses: Bells Meat Market Country Fair Jimbo’s Laundry
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717-435-7000
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30 BOLIVAR DRIVE • BRADFORD, PA 16701 • (814) 362-7450
Bradford Businesses:
Licensed in NY & PA
401 West State Street • Olean, NY • 716-372-7100 • www.realpros.biz 8 Capel Street Cuba, NY • R1174447 • $25,900
3 Orchard Street Cuba, NY • R1178631 • $39,800
148 Bells Brook Road Ceres, NY • R1205626 • $225,000
Nice opportunity for investors. Long term tenant pays $500.00/ month and would like to stay. Or perfect for a starter home PRICE REDUCED or someone interested in down-sizing. Vinyl siding, new sidewalks, quiet, convenient neighborhood in Cuba. 24 hours notice.
Motivated seller is eager to hear all offers! Investors, take note! This duplex has a two bedroom unit, and a one bedroom unit. No shortage of storage space PRICE REDUCED here! Both units are currently rented, with one tenant in place since before 2008. Many new windows, vinyl siding, and a great location to boot. Call today for your tour!
Large open kitchen with Oak cabinets, ceramic tile floor, 8 ft island, recess lighting, and a great view with rear covered porch. Spacious dining room area with plenty of room. With 3 large bedrooms, one used as a home office, beautifully trimmed out with custom picture frame wainscoting. Large master on-suite. Easy maintenance with cherryPRICE laminateREDUCED flooring throughout with radiant heat floors. Attached 2 car garage, makes a great workshop or could be converted to additional living space, already fully insulated and has radiant heat floors. New natural gas generator was installed just last year. Additional detached over-sized 2 car garage with lots of storage and electric garage door openers.
809 Main Street Olean, NY • R1214434 • $115,000
95 Portville Ceres Road Portville, NY • R1211110 • $143,000
71 South Main Street Portville, NY • R1216695 • $175,000
Many possibilities with this 3 unit property... Main house is a Log Structure with 2 bedrooms and 1 bath that has been custom built with a full, dry walkout basement with the possibility of finishing for additional rooms and has a large 12X40 deck along the back of the house for entertaining. The garage has a great efficiency apartment for additional income or in-law suite. There is an additional house with 3 bedrooms and 1 bath that could be remodeled for additional income or removed for more yard space.
Investors Take Notice - Business opportunity awaits! Four apartments (4,2,3,2 bedrooms) all recently totally remodeled. Great income and many PRICE REDUCED possibilities. About 1.7 acres total included in the sale. Pictures do not do this property justice - call today to schedule an appointment.
Nice sized home that is close to all your needed amenities! Nice open floor plan allows lots of natural light throughout the home, works great for entertaining! Huge living room accompanied by a fireplace! Built in office for 2. Plenty of bedrooms for a large family or extra guest. Master bedroom with master bath. Large family room / den in the basement makes for great work-out room, mancave, or playroom. Over-sized (12X20) 1 car attached garage.
MANAGING YOUR OWN PROPERTY MIGHT BE FRUSTRATING
Bradford Airport CNB Bank Country Fair
Crosby’s Kwik Fill Northwest Bank
PNC Bank Sheetz Top’s Market
OLEAN
410 WAYNE STREET • OLEAN, NY 14760 • (716) 372-1155
Olean Businesses: 5 Star Bank 7 Eleven Angees Restaurant Chamber of Commerce Community Bank
Country Fair Hamlin Bank Hedley Brook Agency Key Bank Northwest Savings Bank
Olean Area FCU Palumbo and Bertrand Attorney Park and Shop Ried’s Food Barn Top’s Market
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