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

Homeowners Ask: Should I Replace or Repair Flood-Damaged Systems?

August 31, 2016 1:03 am


It is no secret flooding can severely damage the HVACR systems in your home, but it can be difficult to determine whether to repair or replace them once water has receded.

Replacement, it turns out, is generally the best course of action, says Stephen Yurek, president and CEO of the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

“Standing water in a yard, house or basement can damage a home's heating, cooling, and water-heating equipment in ways that are not always readily apparent, putting families at risk,” said Yurek in statement. “We advise homeowners to play it safe and replace, rather than repair, flood-damaged heating, cooling, and water-heating equipment.”

Yurek and the AHRI recommend:

Replacing the air conditioning system (and heat pump, if contained in a split unit) only if floodwaters have displaced its indoor or outdoor components, which could result in leaking refrigerant; if the system survived flooding, have it cleaned and inspected by a qualified service professional

Replacing the ductwork for a central air conditioning system only if it has been exposed to floodwaters; a qualified service professional should replace the ducts

Replacing the water-heating system, no matter if it is powered by electricity, gas or oil, only if in contact with floodwaters; many components in the system can corrode if not replaced

Yurek suggests consulting the North American Technician Excellence (NATE) organization to locate a qualified HVACR contractor in your area—it is imperative you have a professional perform any replacement work. This list can be found at www.hvacradvice.com/site/1/Home.

Source: Air-Conditioning, Heating, and Refrigeration Institute (AHRI)
 

Published with permission from RISMedia.


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The Home-Buying Equation

August 31, 2016 1:03 am


Buying a home for the first time can seem daunting. One way to alleviate the process is to organize your finances before embarking on the house hunt. Unsure how to get yours in order? Remember A + B + C + D + E:

Ask + Budget + Check + Differentiate + Estimate

Before you start searching for a home, ask a real estate professional for guidance. He or she will have expertise related not only to financing, but also to negotiating a deal in your favor.

Next, set a budget that takes into account your down payment, your anticipated monthly mortgage payment (with interest), and your closing costs. These figures are all important considerations in the home-buying process.

Prior to house-hunting, check your credit report and score. Your credit is a determining factor in a lender’s approval or denial of your mortgage loan application, as well as your mortgage interest rate. Take steps to correct any errors on your report, or improve your score, if necessary.

Shop around for mortgage lenders to differentiate between loan offerings—even a slight variation in rates or terms can lead to significant savings over the life of your loan. Your real estate professional may recommend a lender, but it is ultimately your choice with whom to obtain a mortgage.

Estimate oft-forgotten homeownership-related expenses, such as your monthly homeowners insurance premium, your maintenance costs, your moving expenditures, your property taxes and your utility rates. These will all play a role in your overall affordability.

Completing A, B, C, D and E will not only prepare you for the home-buying process, but also lay a strong financial foundation for you as a new homeowner. The result of the equation speaks for itself!
 

Published with permission from RISMedia.


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