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

Buyers Place Higher Value on Fire-Protected Homes

May 4, 2015 2:21 am

Homeowners are more likely to buy a home – and assign it more value – if it’s protected by fire sprinklers, according to a recent Harris Poll survey. Nearly eight in 10 respondents said fire sprinklers provide the ultimate protection for residents.

"It's certainly encouraging to see that 59 percent of homeowners say fire safety is very important to them and that the majority would rather buy a sprinklered home," says Home Fire Safety Coalition (HFSC) President Lorraine Carli. "But we are also reminded of how much awareness work there still is to do. For example, just half the homeowners recognize the increased fire hazards associated with lightweight residential construction to residents and firefighters, and only about a third understand how open design increases the danger of a home fire."

The common myth that all the fire sprinklers spray water at once when a fire breaks out remains a roadblock to homeowner interest. While homeowners often receive information about home safety features from their builder, 93 percent of them said that firefighters are a more trustworthy source for fire safety. Nearly half say they have more confidence in homebuilders who offer sprinklers than those who do not.

Source: HFSC

Published with permission from RISMedia.


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Sunny Skies Ahead for Retirees

May 1, 2015 12:12 am

Rebounding from record lows at the height of the recession, more Americans are now confident in their ability to afford retirement, according to a recent Employee Benefit Research Institute (EBRI) survey. This increasing optimism stems from the 67 percent of workers who either have, or have a spouse who has, a retirement plan such as a 401(k), pension or IRA.

The survey found that 35 percent of those with a retirement plan, either personally or through a spouse, have saved at least $100,000, though just 23 percent have calculated retirement needs.

Worker confidence in the affordability of retirement has inched upward in various areas, including basic expenses, medical expenses and long-term care expenses. Workers are also somewhat more confident that they are adequately preparing financially for retirement. Retiree confidence has increased substantially, as well.

Additionally, both workers and retirees are less likely to describe their level of debt as a problem. The types of debt most frequently reported are mortgages, credit card debt and car loans.

Many Americans, however, are not taking the necessary steps to afford retirement, the survey suggests. For workers without a retirement plan, savings remain low and only a minority appears to be taking basic steps needed to prepare for retirement. Sixty-four percent of those without a retirement plan say they have saved less than $1,000.

For half of workers, cost of living and day-to-day expenses are most detrimental to savings. Nevertheless, many workers say they could save a small amount more – 69 percent state they could save $25 a week more than they are currently saving for retirement.

Source: EBRI

Published with permission from RISMedia.


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