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

Renovating? The Type of Project Matters

April 26, 2016 12:30 am

Homeowners undertaking a renovation may either reap rewards come resale, or regrettably find themselves in the red. The latter, says Scott Robinson, president of the Appraisal Institute, is more likely—somewhat.

“Home improvement projects are not necessarily investments in which a homeowner should expect a dollar-for-dollar return,” explains Robinson, who oversees the nation’s largest association of real estate appraisers. “Rather, these projects can increase the likelihood of a sale, or that a property will be comparable to other properties in a neighborhood.”

Robinson advises renovators to consider if the improvement is in keeping within what’s standard in the community.

“Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” Robinson says. “If the improvements don’t match what’s standard in a community, they’ll be considered excessive.”

Robinson notes renovators may find it best to hold off on large-scale projects if they’re unsure of how long they’ll be in their home. Generally, the longer a homeowner stays in a home, the greater the opportunity for a return on investment.

A real estate appraiser can conduct a feasibility study, which offers an unbiased analysis of what the home would be worth before and after a project. During the study, the appraiser will analyze the property, weigh the cost of rehabilitation, and provide an estimate of the property’s value before and after the improvement.

Currently, the projects with the highest expected return on investment (ROI) are attic insulation, manufactured stone veneer and a garage door replacement, according to Remodeling magazine’s Cost vs. Value Report. Other projects with potential payoffs are an entry door replacement and a minor kitchen remodel.

Source: Appraisal Institute

Published with permission from RISMedia.


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5 Ways to Help Your Child Be a Better Student

April 26, 2016 12:30 am

Children who do well in school are better equipped to succeed as adults, no matter what life path they choose. What can you, as a parent, do to help your child become a better student?

The education editors at WAHM.com, a parenting website for work-at-home mothers, suggest five easy—but effective—ways to help you help your child improve:

1. Be a Role Model for Learning – Do you read in your spare time? Watch documentaries on TV? Like to visit museums? Children are observant and tend to follow your lead. Behaving as the life-long learner you are sets a good example for your child.

2. Be Serious About Homework – Establish a homework routine that works for your family, setting aside regular hours after school or after dinner—and stick to them. Homework should be done in a quiet spot, away from distractions, if possible. Encourage independence, but be available whenever possible to answer questions, check work when it’s done, or discuss a special project or assignment.

3. Practice Healthy Habits – As basic as it sounds, practicing healthy lifestyle habits does prepare kids to do their best work. Be sure your child gets enough sleep every night, chooses a variety of healthy foods, and eats a good breakfast every morning.

4. Show Your Support – Don’t necessarily insist on A’s, but do insist on the child’s best efforts. Notice and applaud improvements and express your admiration for good work. Sending caring notes in your child’s lunch box or backpack, or otherwise rewarding achievements in a small way, can help provide positive reinforcement.

5. Volunteer at School – You can show your child you value education by volunteering at school. If work hours keep you from volunteering during classroom hours, be sure to attend evening or weekend school events and volunteer to help as needed. 

Published with permission from RISMedia.


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