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

Want an Energy-Efficient Home? Buy New

April 6, 2015 12:54 am

New homes increasingly offer the energy-efficient features today’s homebuyers are seeking, according to the National Association of Home Builders (NAHB). Recent studies by the organization indicate that home builders are more likely to include features like low-E windows, Energy Star-rated appliances and windows and programmable thermostats in new homes this year.

“Whether it’s improved insulation or sustainable building materials, today’s new homes can reach higher energy performance and greater durability than was possible even 20 years ago,” explains Tom Woods, NAHB chairman and home builder from Blue Springs, Mo. “And programs like the National Green Building Standard help consumers achieve their efficiency needs.”

One NAHB survey found that Energy Star-certified materials are a priority for Millennials new to the housing market. In fact, 84 percent of this group is willing to pay 2-3 percent more for an energy-efficient home as long as they can see a return on their power bills.

Some homebuyers are looking for even more sustainable features, prompting an increasing number of single-family and multifamily builders to deliver green homes. Green builders incorporate energy, water and resource efficiency; improved indoor environmental quality and sustainable and locally sourced products into their projects.

Another NAHB survey revealed that nearly 25 percent of builders installed alternative energy-producing equipment in new construction. This includes geothermal heat pumps and photovoltaic solar panels. The current 30-percent tax credit available for homeowners who install this equipment is set to expire at the end of 2016, which makes this a good time for interested buyers to consider purchases.

Source: NAHB

Published with permission from RISMedia.


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Is Your Home Insured for Tornado Damage?

April 6, 2015 12:54 am

When a tornado strikes, the economic and insurance repercussions can be costly. From 1994 to 2013, tornadoes accounted for 37.2 percent of insured catastrophe losses (Property Claim Services) – $10.3 billion in losses were reported in 2013 alone (Munich Re).

According to the Insurance Information Institute (I.I.I.), standard homeowners and business insurance policies cover wind damage, including that caused by tornadoes, to the structure of the building and its contents. Homeowner policies also provide for additional living expenses (ALE). ALE coverage pays the costs of living away from home if you cannot inhabit your house due to damage from an insured disaster.

If you own a business that has been damaged, business income (also known as business interruption) insurance covers the profits a business would have earned had the disaster not occurred. This includes additional operating expenses—such as operating out of a temporary location—incurred as a result of the disaster.

Damage to cars from a tornado is covered under the optional comprehensive portion of a standard auto insurance policy.

Source: I.I.I.

Published with permission from RISMedia.


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