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

Building a Deck? A Comparison of Materials

July 27, 2015 1:30 am

(BPT) – Looking for a way to enhance your outdoor space? A deck may be the answer. According to the experts at Fiberon Decking (www.fiberondecking.com), the materials you decide to use, whether wood or composite, can affect the project from initial investment to maintenance years from now.

Building a deck with composite materials will cost more than virgin wood initially, but not as much as most homeowners think. The substructure is the same cost for either option and the remainder of the project could cost about 25 percent more for composite. However, most wood lumber is pressure-treated with different chemicals to boost its integrity and make it last longer.

That cost is often recouped over time because there is little maintenance required with composites – maintaining a wood deck can cost hundreds of dollars each year. Nail pops and splinters are common safety hazards with wood decks, as are cracked, warped and rotted boards that need to be replaced. And refinishing a wood deck can cost up to $850!

Composites are also environmentally-friendly – the material not only saves trees, but is created from recycled materials, keeping waste out of landfills.

Want to see how the numbers compare? Visit www.epa.gov and check out the EPA's GreenScapes Tools Excel Decking Cost Calculator.

Published with permission from RISMedia.


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4 Things Property Investors Should Know

July 27, 2015 1:30 am

Real estate has long been considered one of the best long-term investments, and with good reason. But before buying up properties like a game of Monopoly, investors should be aware of several factors that can make or break an investment, says Eleanor Blayney, CFP®, Certified Financial Planner Board consumer advocate.

Blayney recommends investors ensure they have enough to put money down upfront when purchasing a property, and factor recurring costs into their budgets (i.e., interest, taxes, insurance, maintenance and repairs). Real estate investors planning to act as their own property manager must consider the time, attention and availability needed for tenants, as well.

And keep in mind investing in real estate is equivalent to starting a business, says Blayney. From weighing the benefits of a rent increase to doing a cost-benefit analysis on property improvements, properties require significant amounts of strategy and management. Like any business, investors also need to consider an exit strategy.

Real estate investors should not neglect other opportunities for investment, particularly stocks. These offer the diversification most real estate investors do not have, unless they plan to acquire commercial, rental and industrial properties across a range of markets, Blayney adds.

Source: CFP Board

Published with permission from RISMedia.


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