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

Americans Say Now's a Good Time to Sell

January 12, 2016 12:36 am

Considering selling your home this winter? You’re in good company. According to Fannie Mae’s Home Purchase Sentiment Index™ (HPSI), the share of homeowners who believe now is a good time to list their homes for sale recently rose 4 percentage points to 8 percent. What’s more, 35 percent believe now is a good time to buy.

“Consumers ended the year on an improved note with regard to their income, job security, and overall economic outlook,” says Doug Duncan, senior vice president and chief economist at Fannie Mae. “This more positive consumer sentiment brought the HPSI up a few points, moving the index up for all of 2015.”

According to the Index, 85 percent feel secure in their employment situations, and 15 percent have a significantly higher income than the year prior.

Source: Fannie Mae

Published with permission from RISMedia.


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2016 Remodeling Cost vs. Value Report: The Best Bang for Your Buck

January 12, 2016 12:36 am

Remodeling your home this year? Expect to yield larger returns on your investment come resale, especially if the project includes an upgrade deemed most valuable in Remodeling magazine’s 2016 Cost vs. Value Report. The top five recouping projects in each cost category of the report are:

Under $5,000
1. Mid-Range Fiberglass Attic Insulation (Recoups 116.9 percent of project cost)
2. Mid-Range Garage Door Replacement (91.5 percent)
3. Mid-Range Steel Entry Door Replacement (91.1 percent)
4. Upscale Garage Door Replacement (90.1 percent)
5. Upscale Fiberglass Entry Door Replacement (82.3 percent)

$5,000 - $25,000
1. Mid-Range Manufactured Stone Veneer (92.9 percent)
2. Mid-Range Wood Deck Addition (75 percent)
3. Mid-Range Vinyl Siding Replacement (73.2 percent)
4. Upscale Fiberglass Grand Entrance (69.6 percent)
5. Mid-Range Back-Up Power Generator (59.4 percent) 

$25,000 - $100,000
1. Mid-Range Basement Remodel (70.4 percent)
2. Mid-Range Major Kitchen Remodel (64.9 percent)
3. Upscale Composite Deck Addition (57.7 percent)
4. Upscale Bathroom Remodel (57.5 percent)
5. Mid-Range Bathroom Addition (56.2 percent)

$100,000+
1. Mid-Range Two-Story Addition (69.3 percent)
2. Mid-Range Family Room (67.9 percent)
3. Mid-Range Master Suite Addition (64.1 percent)
4. Upscale Major Kitchen Remodel (61.5 percent)
5. Upscale Master Suite Addition (57.2 percent)

Keep in mind inexpensive projects tend to reap the highest returns—in fact, four of the five projects that cost less than $5,000 for a professional to do were ranked in the top five overall for cost recouped.

Source: Hanley Wood

Published with permission from RISMedia.


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