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

Your Property: Lightning Myths and Protection

June 30, 2016 2:45 am

Did you know lightning can be as damaging to the home—if not more—as other weather events?

There are many misconceptions about lightning and its effects—the ol’ rubber trick, for instance, is a myth. According to the Lightning Protection Institute (LPI), rubber tires or rubber-soled shoes will not protect a person from lightning. Metal is not a magnet for lightning, either. Lightning, too, can strike the same place twice—take the Empire State Building or the Sears Tower, both of which have been struck repeatedly.

A lightning protection system is one the most effective ways to prevent damage to your property, according to the LPI. A whole-house arrester or surge protector, though beneficial, should be just one component of that system.

Green and smart homeowners, especially, should install a system to protect the other systems in the home—lightning strikes often damage multiple systems at once.

Leave the installation of the lightning protection system to the professionals, the LPI advises. Look for an LPI-certified specialist, who adheres to strict safety standards when it comes to the design and installation of the system.

Source: Lightning Protection Institute (LPI)

Published with permission from RISMedia.


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Survey: Homeownership a Sound Investment

June 30, 2016 2:45 am

Homeownership works.

That’s the resounding sentiment from a sample of 55-plus homeowners in a recent survey by Freddie Mac, who said they’re not only confident about retirement, but also confident homeownership “makes financial sense at almost every stage of adult life.”

Close to 40 percent of the 55-plus homeowners surveyed plan to move at least one more time in their life, while the majority of those (70 percent) plan to purchase their next home. This migration will have significant implications for the housing market overall.

“The decisions the nation's baby boomers and other older homeowners make will have an enormous impact on the demand for housing and new mortgage credit for the foreseeable future,” said Dave Lowman, executive vice president of Single-Family Business for Freddie Mac, in a statement. “Whether they buy new homes or decide to refinance and renovate their current ones, the size of this generation and the fact that they hold close to two-thirds, approximately $8 trillion, of the nation's home equity makes it very important that we watch what they do.”

Would-be homebuyers weary of the recession should consider the outcome for the majority of 55-plus homeowners.

“The overwhelming message of the Freddie Mac 55+ Survey is that homeownership works,” said Lowman. “The American Dream delivered greater financial stability and satisfaction to the homeowners who lived through every recession since the 1970s, including the housing crisis of 2008.”

Source: Freddie Mac

Published with permission from RISMedia.


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