RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Is It Time for a New A/C?

August 26, 2016 2:45 am


Summer’s nearing its end—did your air conditioning system deliver?

If not, it may be time to replace the unit. According to Howard Schwartz of the Connecticut Better Business Bureau (BBB), the average lifespan of a central air conditioning system is between 15 and 20 years. One sure sign it’s time to pull the plug? If repair bills have been adding up, Schwartz says.

New air conditioning systems reduce carbon emissions, require 30 to 50 percent less energy to operate, and run quieter than older units. Schwartz and the BBB advise the following tips when shopping for a replacement system:

Don't go for the lowest price. A low price doesn’t always equal the best value. A higher efficiency system might cost an extra $800 up-front, but could save you $300 per year in energy costs. Seek out manufacturer rebates, if available.

Consider a maintenance contract. A maintenance contract can come in handy when a system needs repairs, especially at inconvenient times, like during a heat wave.

Install a programmable thermostat. A programmable thermostat can help you save even more money by controlling the temperature even when you aren’t home.

To find a qualified HVAC contractor near you, visit BBB.org and consult your region’s Accredited Business Directory, Schwartz concludes.
 

Published with permission from RISMedia.


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Natural Disaster Risk and Its Impact on Housing

August 26, 2016 2:45 am


No area is safe from a natural disaster—but some lesser-prone areas are safe from a market downswing, according to a recently released report by ATTOM Data Solutions.

An area’s propensity for natural disaster can impact its home prices and sales, reported the ATTOM Natural Hazard Housing Index, which ranks over 3,000 counties according to level of risk for earthquakes, floods, hail, hurricane storm surge, tornadoes and wildfires. The counties with the lowest level of natural hazard risk, based on the Index, are concentrated in Wisconsin:

1. Milwaukee County, Wis.
2. Kewaunee County, Wis.
3. Racine County, Wis.
4. Knox County, Maine
5. Kenosha County, Wis.

The counties with the highest level of natural hazard risk, based on the Index, are:

1. Oklahoma County, Okla.
2. Monroe County, Fla.
3. Cleveland County, Okla.
4. Nevada County, Calif.
5. Lake County, Calif.

Home sales in counties with the lowest level of natural hazard risk have risen over 4 percent this year, whereas sales in counties with the highest level of natural risk have risen just shy of 2 percent; concurrently, home prices in counties with the lowest level of natural risk have increased approximately 3 percent, while home prices in counties with the highest level of natural risk have increased over 6 percent.

In the lowest-risk counties, the median sales price of a single-family home or condo sold this year was $156,245—in the highest-risk counties, that number jumps to $255,160.

Areas prone to earthquakes, flooding, hurricanes and wildfires have seen less home sales activity overall in the last five years—areas prone to hail and tornadoes, on the other hand, have seen the opposite.

Source: ATTOM Data Solutions
 

Published with permission from RISMedia.


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