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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

Share and Separate: Remodeling for Multigenerational Living

August 17, 2016 2:12 am


(BPT)—Multigenerational households are becoming more and more common, as extended family members move to live under one roof for cultural, financial or personal reasons.

While multigenerational living has its advantages, a lack of space can be a challenge. One of the best ways to remedy it is to remodel the home with separation in mind. Converting an existing space—such as a basement, garage or guest suite—into living space for one generation, or compartmentalizing, is ideal.

To compartmentalize effectively, each generational space must have, at minimum, a kitchenette, a bathroom, and living and sleeping areas. Make special consideration when it comes to installing plumbing in the kitchenette and bathroom—some spaces simply cannot accommodate in-ground or in-wall fixtures, and an above-floor, compact system may be necessary.

Setting up shared spaces is equally important when remodeling for multigenerational living. Consider the activities the whole family enjoys—Sunday brunch, crafts, or movie night, for example. Factor these into the remodeling plans, and ensure the areas that support these are accessible from the generational compartments.

The number of multigenerational households is expected to continue growing, as boomers enter their golden years and millennials strive to establish homes. Remodeling for both separation and shared spaces increases the functionality of the home, fostering what ultimately matters most: time with family.

Source: Saniflo
 

Published with permission from RISMedia.


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5 Money-Saving Tips for Cost-Burdened Renters

August 17, 2016 2:12 am


Renters burdened with rocketing monthly housing costs are limited in their ability to save for emergencies, a down payment on a home, and retirement. It is possible, however, to control costs, even in the current rental market, says Steve Trumble, president and CEO of the national non-profit American Consumer Credit Counseling (ACCC).

“As the cost of rent continues to increase, it’s becoming more difficult for many individuals and families to afford housing and other basic necessities,” said Trumble in a statement. “The good news is that there are tips and considerations that can help renters better manage rent-related costs and ease this major financial burden.”

These tips are to:

Set a rent budget—and stick to it. Keep to a realistic and reasonable rent budget, even if it means compromising with fewer amenities or a less-than-ideal location. Take time to tour a variety of rental listings before signing a lease.

Consider adding a roommate. If the lease and space allow, consider getting a roommate to offset the rent burden. Those savings can be allocated toward student loan debt or a down payment fund.

Cut back on spending. Rent is a fixed cost, but other expenses are not. Cut back on spending in areas like activities, clothing and entertainment, and use coupons as often as possible.

Look for ways to trim costs, too. A lot of renters are burdened by energy costs. Trim the expense by turning off air conditioning and lights in unused rooms, and turning off the faucet while brushing teeth.

Make a move. Rents are often less in areas outside of a city. Consider making a move to an outlying town—if it has access to public transportation, all the better. Call upon the assistance of a real estate professional to make the transition from renter to homeowner as smooth as possible.

Source: American Consumer Credit Counseling (ACCC)
 

Published with permission from RISMedia.


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