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

5 Reasons to Buy a Prefab Home

August 6, 2015 12:00 am

Prefabricated by skilled craftspeople in an efficient, controlled setting, systems-built homes can offer numerous benefits to homeowners. According to the National Association of Home Builders (NAHB), systems-built homes include modular, panelized, concrete, log and timber homes, and can save homeowners a significant amount of time and money on construction.

Not convinced? Here, the NAHB outlines five reasons to buy prefab.

1. Building homes in a factory setting allows for more consistent quality due to uniform construction processes, training techniques and inspections. Homes are built in a controlled factory environment, making weather delays an all but eliminated thing of the past, which saves the owner both time and money. In fact, custom modular homes are often move-in ready in about two-thirds the time needed for a comparable custom site-built home.

2. Prefab houses are extremely strong. Because they have to withstand the rigors of transporting the home from the factory to the onsite location, they are often built with materials above and beyond what's mandated for site construction. This added strength translates into a solid structure once assembled and a home that's more likely to withstand a natural disaster.

3. Systems-built homes are often more tightly built and thus more energy-efficient, which can result in lower heating and cooling costs for the home owner.

4. Systems-built homes score high on the green-building scale because material waste is significantly reduced both in the factory and the job site. Assembly in an enclosed indoor environment allows them to fulfill some key components of green building certifications, including the ICC 700 National Green Building Standard.

5. While most manufacturers have a portfolio of home plans to choose from, computer-assisted design (CAD) allows limitless design and customization possibilities when planning your new systems-built home.

Source: NAHB

Published with permission from RISMedia.


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Think Twice about Vacation Spending

August 5, 2015 1:57 am

Credit cards are taking a backseat to other preferable forms of payment this summer, especially when it comes to financing a vacation. According to a recent National Foundation for Credit Counseling® (NFCC®) poll, more people prefer to enjoy a vacation with their own cash or debit cards – not credit.

“It is natural to be concerned about overspending when planning a vacation,” says NFCC Vice President of Public Relations and External Affairs Bruce McClary. “While using cash or a debit card is a great way to avoid going into debt, there are some additional considerations that should be made before making them the only options for travel.”



While many banks and credit unions have improved security options for debit cards, the fact remains that lost or stolen cards can give thieves access to drain checking and savings accounts quickly. Liability for charges depends on when the card is reported lost or stolen, and can vary depending on the card issuer. For example, maximum cardholder liability for reporting three days after learning about a card loss or theft can be $500.

There is also the matter of how long it takes the financial institution to replace the money that was used for unauthorized charges. If vacationing with a debit card, it is best to have fast access to the card issuer’s fraud center and a very secure place to store the card.

Traveling with cash is an even riskier proposition, since the stakes get higher as the amount carried increased. Most would have better luck winning the lottery than recovering stolen cash while far from home. If having cash in hand is necessary, avoid withdrawing large sums at a single time and be conservative about the amount carried when out on the town.



Using a debit card to withdraw cash from an ATM can come at a high premium when traveling. Transactions that are conducted outside of the issuer’s network can be expensive. Although the average transaction fee is over $4, these can be higher or lower depending on the location. The best way to avoid these extra charges is to check with the card issuer to see if there are any low or no cost options for withdrawing cash at your destination. They may have an arrangement with other teller machine networks for free and convenient withdrawals. If there are no ways around the ATM fees, cut costs by limiting the number of withdrawals.



If using a debit card to reserve hotel rooms or refuel the camper van, be aware that there could be a hold placed on the card beyond the amount of the purchase. If the balance of the debit card is not enough to accommodate the hold, it could result in overdraft fees or possible point of sale rejection.



There are also problems that may arise when using a debit card to book a rental car, since many companies will only accept credit as a form of payment. Those that do accept a debit card may require customers to authorize a credit check and may also place a hold on the debit card being used.



With these points in mind, it may be worth taking a credit card along for the ride in case there are times when it would be a better payment option. The key to staying out of the red is to pay all charges as soon as possible, preferably before the end of the current billing cycle.



Responsible use of a credit card while traveling can reward users in many ways, with redeemable points for purchases and possibly a few points toward a better credit rating.



Source: NFCC

Published with permission from RISMedia.


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