Real Estate Information Archive

A dry and well-maintained basement is crucial for the structural integrity and resale value of your Omaha home. Neglecting signs of water intrusion can result in expensive repairs, health risks, and other complications. Basement waterproofing acts as a protective barrier, preventing moisture damage to your foundation. If you're uncertain about your basement's condition, here are clear indications that it's time to consider waterproofing.

1. Visible Water Stains: Water stains on floors, walls, or ceilings are clear indicators of water intrusion. These stains can appear yellowish or brownish in color, serving as evidence of a recurring issue.

2. Musty Odors: The persistent musty smell, similar to wet newspapers or old books, is a clear indication of mold or mildew. These fungi thrive in damp conditions.

3. Mold Growth: Mold, with its distinct musty smell, can manifest as black, green, or white patches on walls, floors, or ceilings. Its appearance not only signifies water damage but also poses health risks, especially for individuals with respiratory ailments.

4. Efflorescence: Efflorescence is a white, powdery, chalk-like substance that can be found on basement walls. It occurs when water seeps through concrete, brick, or stone and then evaporates, leaving behind mineral deposits.

5. Peeling Paint: Water seepage can lead to the bubbling or peeling of paint on walls, even when using waterproof paint. This occurrence suggests that external water pressure may be the underlying cause.

6. Cracked Walls and Floors: Hairline cracks may appear insignificant, but they have the potential to expand and allow water to seep in. Vertical cracks in block foundation walls are especially worrisome.

7. Wet or Damp Floors: If your basement floor feels consistently damp or if you spot pools of water with no discernible source, it's a sign of a deeper issue. Water might be entering through cracks or where the floor meets the wall.

8. Increased Humidity: High humidity levels in the basement can lead to a damp, sticky feeling or visible condensation on the windows. This moisture can cause damage to items stored in the basement and promote the growth of mold.

9. Rusty Appliances or Fixtures: Rust on metal appliances, furnace casings, or fixtures in your basement indicates a moisture problem.

10. Bowed Walls: The extreme sign of water pressure from the outside pushing against the foundation walls is evident when basement walls curve inwards. It is crucial to consult a professional immediately in such cases.

11. Sump Pump Issues: If you already have a sump pump but still encounter water problems, there are two possible reasons. First, your sump pump might be malfunctioning and in need of maintenance or repair. Second, it could be overwhelmed by the volume of water, in which case an upgrade might be necessary.

12. Landscape Issues: If the ground near your foundation slopes towards your home, it can lead to water being directed towards your basement. Additionally, the formation of puddles close to the foundation after rain is another warning sign to be aware of.

If you notice any of these signs, it's time to consider basement waterproofing. Addressing the issue early can prevent structural damage, costly repairs, and health complications from mold exposure. Waterproofing keeps your basement dry and improves your home's health and longevity. Contact a professional in the Omaha area for an assessment and recommendations. Take a proactive approach to protect your home's foundation.

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!

The fun never stops in Omaha! If you need to unwind this week with family and friends, there are plenty of fun-filled events coming this weekend to the Omaha area. Check out these events and make some great memories!

Bellevue Hippie Fest

Sun, Aug 27, 12 – 7 PM
Falconwood Park
905 Allied Rd, Bellevue, NE

Hippie Fest is a family-friendly arts festival taking place at Falconwood Park in Bellevue, NE (Omaha Suburb) on August 26 & 27, 2023. The festival offers a variety of vibrant entertainment for all ages, including live music, bohemian shopping, a vintage hippie car show, DIY tie-dye workshops, a giant bubble garden, cirque performers, kids activities, drum circles, and delicious food. All ages are welcome to attend, and children aged 10 and under can enter for free.

20th Annual Nebraska Renaissance Faire & Medieval Pageant /
15th Annual Midlands Pirate Festival

Sat, Aug 26, 10 AM – Sun, Aug 27, 6 PM
Elkhorn, Omaha, NE

Established in 2003 in Ashland, Nebraska, the weekend Renaissance festival is the longest running in the state. Previously held at Bellevue Berry Farm and River City Star Landing, it offers two festivals in one. Visitors can enjoy an "edutainment" celebration of 16th Century Europe and 18th Century Caribbean buccaneers. Bring your friends and family for a memorable experience.

It's a Scavenger Hunt!

Sat, Aug 26, 3 PM – Sun, Aug 27, 1 AM
3201 Farnam St, Omaha, NE

All you need is your own mobile device and a data connection. Young and old, individuals, families or friends can all participate in a group, as a couple, or individually. Create multiple teams and compete against each other to be the highest ranked in our Hall of Fame.

Jam N Gears Kustom Car Show

Sun, Aug 27, 10 AM
GI Forum Omaha
2002 N St, Omaha, NE

The best party in South Omaha! Car Show / Live Music / Vendors and Art / Food and Drinks / Raffles.

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!

When purchasing a home in Omaha, obtaining the title is a crucial step. The title serves as confirmation of your ownership rights for the property acquired from the seller.

Title insurance is an essential safeguard for homebuyers and mortgage lenders, providing protection against potential losses or damages arising from defective titles.

What Title Insurance Covers

A title insurance policy should provide coverage for various potential claims against a title, such as conflicting wills, tax liabilities, and property liens. Numerous scenarios, including code violations and legal complications, can result in title issues.

One potential issue that could arise after purchasing a property is discovering that the seller does not actually have a legal claim to it. Additionally, it is possible to find out that another party is disputing the seller's claim.

Title insurance is a valuable protection against potential title issues. While working with a title company reduces the likelihood of encountering problems, it is important to remember that they can still arise.

Types of Title Insurance

Title insurance is crucial in real estate transactions, with two types available: owner's and lender's. Both provide essential protection for all parties involved.

An owner's title policy is a recommended purchase to safeguard against potential risks. It is not mandatory, but it provides protection against various issues such as conflicting ownership claims, ongoing lawsuits and liens, inaccurate public records, fraud or forgery, and undisclosed easements or agreements that could impact the value or use of a property.

Title insurance is crucial for buyers as it provides peace of mind by addressing potential issues that may arise with a title later on. Even with a title company, there is always a possibility of such issues, making title insurance one of the best ways to protect yourself as a buyer.

The lender's title insurance policy functions similarly to an owner's insurance policy, as it offers protection to the lender against potential losses. This policy provides coverage up to the loan amount, but it does not extend protection to the buyer.

A warranty of title is an alternative to a title insurance policy. It guarantees that the seller has the legal right to transfer property ownership and that no one else can claim the property legitimately. If a claim arises later, the warranty allows the buyer to take legal action against the seller.

The cost of title insurance premiums can vary greatly. However, if you're purchasing the existing owner's policy, the cost may already be included in the property sale.

The biggest takeaway is that title insurance is optional. Whether or not you need to buy it depends on your individual circumstances and risk tolerance.

Having proper coverage for your property is essential to protect yourself from potential financial burdens. Without it, you could find yourself dealing with unpaid property taxes or fines for code violations. As the homeowner, you would be solely responsible for these expenses.

Buying a home or any property can be a stressful process. However, there are steps you can take to protect yourself and feel confident in the transaction. 

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!

Equity in your Omaha home can be a valuable tool for building long-term wealth. By strategically tapping into your home's equity, you have various options to capture its value.

For instance, you can use it to pay off higher-interest debt or make home improvements that enhance your property's worth. Another option is to start a business or invest in the stock market, where potential returns may surpass the interest on your loan.

Another question people commonly have is whether or not they can use their home’s equity to purchase another property.

Can You Use a Home Equity Loan to Buy a House?

Yes, a home equity loan can be used to buy a house. However, it may not always be the best choice. A home equity loan is a second mortgage that allows you to tap into the equity you have in your home, which is the difference between what you owe and what your home is worth. It can be a viable option for purchasing a second home or an investment property, but there are important considerations to keep in mind.

The Upsides

When considering using your home's equity to purchase another property, it is important to determine whether you are buying a second home or an investment property. If your intention is to buy an investment property, utilizing a home equity loan can provide you with additional liquidity and potentially reduce costs.

• Investing in real estate with equity has the following advantages:
• You can increase your down payment. When you receive a home equity loan, the cash goes directly toward a down payment. Getting a lower interest rate and a lower monthly payment will allow you to be a more competitive buyer in the current market.
• Since down payment requirements for second homes can be higher, a home equity loan is a more affordable and convenient way to finance a second home.

Your current home is used as collateral for a home equity loan. You benefit from lower interest rates as a result.

Using your home equity to buy an investment property can help you build wealth. It's important to keep in mind that second homes don't generate income like investments. As a result, you'll be tying up your home in a loan, then taking on another loan, so you need to be financially stable.

The Downsides

The downsides of using equity to buy an investment property do exist. These include:

• Instead of having an asset, you will have a debt. You'll be converting the remainder of the home you own into a loan. This will mean you have a higher debt.
• If the market shifts, you will be more vulnerable, as you now own two properties. This doubles your risk. You could end up being upside down in your mortgage if your property values decrease.
• You could lose both properties if you default on your loan.
• Since most home equity loans are second mortgages, you could end up having three loans, as you have to combine it with another loan to purchase the home.
• Due to tax code changes in 2018, your interest payments will likely not be tax-deductible.

The conclusion is that using a home equity loan to buy a second home in Omaha can be a great option. You just need to weigh the pros with the cons and decide if the risk is worth it for your circumstances and goals.

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!

Summer is the season for fun here in Omaha, no matter your age! These events and shows have something for everyone. Check out all the fun in store this week and through the next month in Omaha!

Towers of Tomorrow with LEGO® Bricks

Durham Museum
Through September 2, 2023
Sunday 12-4, Monday, Wednesday, Thursday and Friday 10am-4pm, Tuesday 10am-8pm

The exhibit features 20 astonishing skyscrapers from North America, Asia and Australia constructed in breathtaking architectural detail by Ryan McNaught, one of only 12 LEGO®-certified professionals in the world. Visitors will be inspired to create their own ‘towers of tomorrow’ with over 200,000 loose LEGO® bricks available in hands-on construction areas.

Jurassic Adventure

Lee G. Simmons Conservation Park and Wildlife Safari
Through October 1, 2023
09:00 AM to 5:00 PM

Designed by Dino Dan, Inc, a company founded by Don Lessem, a dinosaur adviser to Steven Spielberg for the film “Jurassic Park," the world’s largest and most life-like robotic dinosaurs roar, move, and even breathe at Wildlife Safari Park outside of Omaha. Drive by some, walk by others, and grab a dinoselfie with the beasts up to 60 feet long and 35 feet tall.

Late Nights at the Zoo

Omaha's Henry Doorly Zoo and Aquarium
Through August 24, 2023
7:00 PM to 10:30 PM

It's a different crowd when the sun goes down. Experience the Zoo's version of nightlife at one of the most interesting cocktail hours in town. Adults 21 and over can enjoy a relaxed evening of drinks, local food truck cuisine and wildlife.

Omaha Comedy Fest

Omaha Comedy Fest
August 3, 2023 - August 6, 2023

This year will be Omaha Comedy Fest’s most ambitious yet with plans to showcase over 70 acts from around the country. Multiple venues play host, including The Backline, Tiny House Bar, Slowdown, Benson Theatre, and Site-1 Brewing. See the website for details.

Jitterbugs' Night Out

Omaha Jitterbugs
8:00 PM to 12:00 AM

The Omaha Jitterbugs are calling all aspiring dancers. Enjoy a weekly dance lesson filled with swinging tunes. Hands-on dance instruction and live music and DJs make this a night you won't forget. Dress sharp and have fun!

Have your home needs changed in the past year? Perhaps you’ve outgrown your present home, or need to downsize to a more suitable home. If you’re ready to make a move, let’s connect and talk about all the amazing opportunities that are available to you!