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

Tips to Improve Your Landscape, Boost Home Value

December 17, 2015 2:00 am

A home’s landscape can have a significant impact on its salability—in fact, over 60 percent of homeowners recently surveyed by Briggs & Stratton Corporation say the landscape, and the lawn in particular, influenced their decision to buy their home. Homeowners included in the survey also believe the condition of their lawn can add or detract from their home’s overall value, though many are unsure which improvements will boost that value.

"In our experience, the discrepancy is a combination of being intimidated by where to begin and the assumption it will be time-consuming," says Carissa Gingras of Briggs & Stratton. "But it doesn't have to be either."

According to Gingras, there are a number of small changes homeowners can make throughout all seasons that can have a big impact.

"Pops of colors from potted plants or evergreens and outdoor lighting are affordable ways to brighten up a yard or monotone exterior in any season," says Gringas. "Maintaining a tidy outdoor space with a clean-cut lawn and clearing away leaves, branches and snow can also vastly improve curb appeal."

Source: Briggs & Stratton

Published with permission from RISMedia.


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Housing Set to Expand in 2016

December 17, 2015 2:00 am

Economic headwinds will be offset in the coming year by a tightening labor market and a renewed decline in gasoline prices, according to Fannie Mae’s Economic & Strategic Research Group—a heartening forecast that could bode well for the housing market. The ESR Group expects the economy to grow 2.4 percent in 2016.

“After a year of modest improvement, we continue to believe economic growth will close out 2015 at 2.2 percent before gaining momentum early in 2016,” says Fannie Mae Chief Economist Doug Duncan. “Although consumers have been more cautious in recent months, preferring to save rather than spend, we believe they will pick up their spending pace next year amid solid job gains and resulting growth in incomes. The unsustainable third-quarter inventory investment will likely subtract significantly from economic growth in the current quarter as that stockpile unwinds, but the inventory correction should wrap up early in the year. The trade deficit also continues to weigh on growth, driven by a strong dollar and lackluster overseas growth, but recent housing data support our view that residential investment will help fill the void.

“Home sales will likely remain subdued in the near term, but private residential construction spending started the fourth quarter on a strong note and housing demand is looking up as we head into next year,” continues Duncan. “The rebound in purchase applications suggests that sales will gain momentum in the first quarter after retreating slightly in the current quarter. For all of 2016, total home sales are projected to rise 3.9 percent. We believe that further easing of mortgage lending standards will combine with a positive household formation outlook to help the housing sector expand.”

Source: Fannie Mae

Published with permission from RISMedia.


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