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

Survey: Financing Hard to Come by for Remodels

December 11, 2014 12:12 am

How difficult is it for homeowners to get financing for a remodeling project?

Recent research from the National Association of the Remodeling Industry (NARI) concludes that the majority of professional contractors place obtaining financing in a ‘neutral’ to ‘difficult’ range. NARI’s Remodeling Business Pulse, which monitors the health of the remodeling industry, indicates that just 30 percent of contractors believe it is either ‘easy’ or ‘very easy’ for clientele to secure funds.

An overly cautious financing company creates the biggest barrier for homeowners, according to 38 percent of professional contractors surveyed. High-cost projects relative to the home’s value were also a factor, with 27 percent of professional contractors reporting that cost vs. value concerns also resulted in obstacles for homeowners.

Poor credit history followed, but only for a few – just 11 percent of professional contractors believe it to be an impediment to a remodel.

The research also reveals:
  • If cash or checks were not used, banks or credit unions were the dominant source of financing (72 percent). Credit card usage for renovations accounted for only 20 percent of responses.
  • Very few professional contractors arranged financing for their client (6 percent).
  • Ninety-six percent of professional contractors accepted checks as a form of payment; one-quarter accepted credit cards, home equity loans, bank home improvement loans or cash.
Source: NARI

Published with permission from RISMedia.


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Five Ideas to Wrap up Holiday Decorating

December 10, 2014 2:12 am

With the holidays (and a house full of guests) fast approaching, lighten your load and wow visitors this year with these last-minute finishing touches to your décor.

Few things make a home feel more like the holidays than a spectacular display of lights. Provide a warm welcome to friends and family by using 100 lights for every foot and a half of tree or shrub you want to cover.

Line the staircase with potted poinsettias, which start as low as $6 each and come in a variety of sizes and colors.

Deck out the foyer by grouping scented candles or votives on a side table for some instant cheer as guests arrive.

Fill glass vases or jars with ornaments or pinecones, and string holiday cards or ornaments around a mirror or tuck cards into a frame for a classic twist on a festive favorite.

In the living room, single out one focal point to decorate. For fireplaces, frame your hearth with pre-lit, artificial or live Christmas trees, or hang a wreath above the mantle. If you choose live trees, water them daily and make sure the trunk is always submerged in water.

Source: Lowe’s

Published with permission from RISMedia.


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