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

April 17, 2015 1:30 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.


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HUD Grants to Assist 1.5 Million Households

April 16, 2015 1:27 am

The U.S. Department of Housing and Urban Development (HUD) is helping individuals and families get smarter about homeownership with $36 million in counseling grants to hundreds of national, regional and local organizations to assist with housing needs. The counseling grants are expected to help over 1.5 million households locate housing or prevent future foreclosures and make more informed housing decisions.

The grants will help homebuyers:
  • Reevaluate their readiness for a home purchase
  • Understand their financing and down payment options
  • Locate affordable rental housing
  • Become financially literate, especially if struggling to repair credit issues
  • Seek reverse mortgages or HECM, especially if elderly
  • Review loan documentation
  • Avoid potential mortgage scams, unreasonably high interest rates, inflated appraisals or unaffordable repayment terms
  • Prevent foreclosure through expense reduction, negotiation with lenders and loan servicers and loss mitigation
Recent research from the Federal Reserve Bank of Philadelphia and the Urban Institute continues to find substantial benefits to housing counseling for families who purchase their first homes and those struggling to prevent foreclosure.

To locate a HUD-approved housing counseling agency, visit HUD.gov.

Source: HUD

Published with permission from RISMedia.


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