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

Breaking Down Spring Home Project Costs

March 21, 2016 1:39 am

(Family Features)—Before you grab your toolkit or enlist the help of a professional for spring projects this season, do your wallet a favor and conduct some research.

HomeAdvisor’s most recent True Cost Report found that 38 percent of homeowners don't know how much it will cost to hire a professional for home projects, and nearly 70 percent are concerned about overpaying as a consequence of not having reliable cost information.

If you’ve got any of these projects on the agenda this spring, keep in mind these tips.

Repairing the roof: Maintaining the roof protects a home from the elements and can raise property values. Small repairs keep a roof in good shape for several years and help avoid costly damages. Most homeowners assume repairing a roof can be costly. In fact, the average roof fix only costs $550, according to the True Cost Report.

Remodeling a kitchen: Kitchen remodels boost a home's resale value and add functionality to the most utilized space in a home. Many factors go into remodeling a kitchen, including flooring, plumbing, appliances and electrical, so bear in mind these additional costs when budgeting.

Remodeling a bathroom: Homeowners can choose from different types of bathroom remodels, depending on style preferences and budget. The average cost of remodeling a bathroom is $9,000, says HomeAdvisor.

Painting the home's exterior: Painting the home's exterior not only boosts its curb appeal, but it also acts as a home's primary defense against weather, insects, and other damage. Consider your region’s climate before selecting a color and/or finish.

Installing landscaping: Landscaping can dramatically change the look of a house and property. Adding landscaping such as an outdoor patio, flowers or shrubs can increase the value of a home. The True Cost Report points to an average cost of $2,938 for landscaping.

Source: HomeAdvisor

Published with permission from RISMedia.


Tags:

Student Loan Borrowers: 4 Tips to Avoid Scams

March 18, 2016 1:36 am

To date, there are over 43 million student loan borrowers in the United States, owing a total of nearly $1.3 trillion dollars of debt. Many of them, who are already at risk financially, could become targets of debt relief scammers.

“It’s hard enough to finance school, get through it and then manage your debt load once you leave,” says Bruce McClary, spokesperson for the National Foundation for Credit Counseling® (NFCC®). “Unfortunately, being targeted for student loan-related scams is one more thing graduates may have to deal with.”

To fend off these types of scams, McClary and the NFCC advise the following guidelines:

1. Remember looks can be deceiving. Official-looking emails or websites are intended to lead people into thinking they are legitimate. One way to verify that correspondence is from a reputable organization is by checking their Web addresses and looking for reviews or complaints online.

It’s also worth noting that the Department of Education’s Web pages end in .gov, not .com. Bear in mind, also, that the government doesn’t send out email or use advertising to encourage students to take out loans or borrowers to consolidate debt.

2. Verify before trusting. The same rules for protecting personal information in all other aspects of life also apply to student loans. Don’t provide information, especially a Federal Student Aid PIN, to someone who calls or writes. Instead, ask for a case number, then call the creditor, bank, credit union, credit card company or lender using their published number. This verifies that they are actually trying to reach out regarding a problem with an account.

3. Urgency is a red flag. Whenever pressed to make a quick decision involving a “special offer,” step away and take a hard look at the deal and who is presenting it. Scammers use urgency the same way magicians use distractions—to focus attention away from what they don’t want others to see.

4. Don’t buy into “instant” solutions. While there are many programs that offer debt forgiveness or cancellation, borrowers need to apply to them directly. There aren’t any middlemen who can negotiate special deals.

However, there are certified counselors, like those who work with nonprofit NFCC member agencies, who can help identify opportunities for debt relief and provide guidance toward the right option based on an individual’s unique financial situation. Anyone seeking assistance with student loan debt is encouraged to reach out for counseling by contacting the NFCC at 877-406-6322 or online at studentloanhelp.org

If you suspect that your student loan information has been compromised, call the Department of Education’s Office of Inspector General Hotline 1-800-MIS-USED.

Source: NFCC

Published with permission from RISMedia.


Tags: