July 2013 Your Home Newsletter

Cool Runnings


As last summer’s record high temperatures proved, summer can be sticky and uncomfortable — and dangerous. It’s prime time for heat-related illnesses such as heat exhaustion and heat stroke. But, take heart: There are some ways to. At the pool, on the street or inside your home, stay smart with these tips from MedicineNet.com.


Plan your outdoor workout routine for early mornings or late evenings, when the temperatures are cooler. If you must exercise during the heat of the day, walk instead of run and decrease the duration. Wearing loose clothing in a light color (cotton instead of synthetics) will also help keep you cool.


Stave off dehydration with frequent sips of water or electrolyte-filled sports drinks, and avoid caffeine and alcohol. 


Speaking of cold beverages, consider putting some unconventional items in your fridge. A spray bottle filled with water can offer a cooling spritz to your face. Chilled lotions and cosmetic toners can rescue tired feet. Also, put some plastic bottles of water in the freezer to grab before you go back outdoors.


Fans, even when the air conditioning is on full-blast, can also help. No A/C? Head to a public place such as a shopping mall, public library or movie theater to stay cool.


Monthly Funny – Congratulations on Your New Home!

A client bought a new home and the broker wanted to send flowers for the occasion.  They arrived at the home and the owner read the card; it said "Rest in Peace".


 The owner was angry and called the florist to complain. After he had told the florist of the obvious mistake and how angry he was, the florist said. "Sir, I'm really sorry for the mistake, but rather than getting angry you should imagine this: somewhere there is a funeral taking place today, and they have flowers with a note saying, "Congratulations on your new home".



Area Home Sales Statistics for Northern Kentucky and Greater Cincinnati

In June, Northern Kentucky marked 24 consecutive months where homes sold outpaced home sales

in the same period of the prior year. Homes sold were 4.74% higher (552) than last June’s 527.

Medium home prices ($145,000) rose 6.62% higher than the median sale price in June 2012

($136,000), pointing to sustained revitalization of Northern Kentucky’s housing market.

If you would like more information about sales in your specific community, send me an email at mikebeckerhomes@fuse.net and let me know how I can help you.


Northern Kentucky


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June 2012

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Pick a Lock

As Americans hit the road this summer for vacation, would-be burglars are scoping out their next victim. Don’t let it be you. Make sure your home is securely protected by the latest and greatest in locks. Some tips from This Old House hold the key.


Exterior doors: Thirty-four percent of break-ins happen at the front door, so make sure it has a dead bolt. Ranging from $25 to $300, they come in separate pieces (a dead bolt and a lock set) or a handle set that has both features. Two important parts to look for: a dead-locking latch bolt, which prevents entry by jimmying with a credit card, and hardened pins that can’t be sawed. The best option in case of an emergency? A handle set that allows you to open the dead bolt and latch from inside in one motion.


Interior doors: You’ll probably want a lock with a latch kickoff that keeps the door from closing behind you and with an emergency release that lets you open with a paperclip from the outside. Most range from $8 to $16.


Going keyless: Try locks for the digital age, which don’t require a key but instead use a numeric code that slides open the bolt.  But, if the batteries fail, you may need that key after all.


Home Ownership and Tax Issues

Home ownership is critical to our communities, economy and the quality of life in Kentucky. We need to keep the American Dream of home ownership accessible and affordable for all Kentuckians.


Unfortunately, some in Frankfort are talking about increasing taxes on our homes, new taxes on home sales and putting home ownership out of reach by eliminating the mortgage interest and property tax deductions.


As tax reform discussions escalate, increasing taxes on homes will continue to be included in those discussions. As a result in 2012 the Governor appointed a Blue Ribbon Commission on Tax Reform  to make recommendations on the state’s tax code. The recommendations were presented to the Governor in late 2012 which included a variety of tax changes as well as changes that would negatively affect home ownership in Kentucky.


In response The Kentucky Association of REALTORS® contracted with the Center for Business and Economic Research at the University of Kentucky to conduct a study on Kentucky’s tax structure and the effect on housing and the economy. The report stated the following:


The impact of a repeal of the state mortgage interest deduction (in Kentucky) will raise the cost of purchasing a home by a consumer. It should be noted that this is, in effect, a much larger increase in tax revenues to the state and hence would have a much larger impact on consumers and the real estate market as a whole.

Consider, for example, a $150,000 home with a $120,000 mortgage at 6%. The interest paid in the first year will be about $7154. The maximum income tax rate in Kentucky is 6%, hence the annual increase in tax paid by this consumer could be $429. Over the 30 years of the loan, the net present value of the total interest is $90,494. Again, at a 6% income tax rate (the highest tax bracket) the total (life of the mortgage) tax increase is $5429.


To learn more about this issue, and for information on how to contact your legislators, visit the Kentucky Home Matters website at http://kentuckyhomesmatter.com/contact-legislators .

Source:  Kentucky Association of Realtors®,  http://kentuckyhomesmatter.com.