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

Why Now May Be a Good Time to Buy

June 3, 2015 1:18 am

According to a recent National Association of Home Builders (NAHB) report, lower interest rates and home prices are significantly boosting housing affordability.

“Now is a great time for consumers to buy homes,” says NAHB Chairman Tom Woods, a home builder from Blue Springs, Mo. “Both first-time and move-up buyers can take advantage of these favorable market conditions and start building their American Dream.”

First-time homebuyers can find help qualifying for a mortgage with low down payment programs offered by Fannie Mae and Freddie Mac that are geared primarily toward the first-time homebuyer market. These lenders now offer mortgages with 3 percent down payments, allowing more creditworthy borrowers who lack the funds for a large down payment to obtain a home mortgage.

As housing affordability continues to improve, more consumers will discover the benefits of homeownership, including the fact that it is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term.

The financial benefits of homeownership begin in the first year for most homeowners, through the ability to deduct mortgage interest and property taxes paid off their taxable income. This can result in savings of thousands of dollars every year, especially in the early years of the mortgage when interest makes up the largest portion of the monthly payment.

In addition to the financial benefits to families, homeownership also strengthens communities. Home building increases the property tax base that supports local schools and communities.

“Homeownership builds stronger communities, provides a solid foundation for family and personal achievement and improves the quality of life for millions of people,” adds Woods.

Source: NAHB.org

Published with permission from RISMedia.


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The Secret to a Healthy Home Garden

June 2, 2015 1:09 am

What's the key to a garden full of healthy plants? The secret is in the soil, says Melinda Myers, author and host of Melinda’s Garden Moment.

"Most homeowners don't have great garden soil in their yards," says Myers. ”The soil in most suburban yards has been damaged during the construction process. Typically it was scraped away and sold, or it was compacted during building."

Healthy plants require the right growing conditions and healthy, fertile soil. One way to improve the condition of your soil is through peat moss, which naturally absorbs water and slowly releases it to plants. In addition to helping to balance the soil's water retention and drainage, peat moss also improves soil aeration that improves plant health.

"The best way to improve soil is to add amendments such as compost and peat moss," says Myers. "Peat moss improves water drainage in clay soil, and peat moss helps lean, sandy soil retain water.”

Myers recommends adding 2-3 inches of organic matter to the top 12 inches of soil, which is the “basic zone” for most plantings.

Source: PeatMoss.com

Published with permission from RISMedia.


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