731 W Skippack Pike
June 30, 2011 2:27 pm
Q: Is a reverse mortgage good for elderly homeowners?
A: A reverse mortgage is an increasingly popular option for older Americans to convert home equity into cash. Money can then be used to cover home repairs, everyday living expenses, and medical bills.
Instead of making monthly payments to a lender, the lender makes payments to the homeowner, who continues to own the home and hold title to it.
According to the National Reverse Mortgage Lenders Association, the money given by the lender is tax-free and does not affect Social Security or Medicare benefits, although it may affect the homeowners’ eligibility for certain kinds of government assistance, including Medicaid.
Homeowners must be at least 62 and own their own homes to get a reverse mortgage. No income or medical requirements are necessary to qualify, and they may be eligible even if they still owe money on a first or second mortgage. In fact, many seniors get reverse mortgages to pay off the original loan.
A reverse mortgage is repaid when the property is sold or the owner moves. Should the owner die before the property is sold, the estate repays the loan, plus any interest that has accrued.
June 30, 2011 2:27 pm
Capital gain. Profit earned from the sale of an asset.
June 30, 2011 2:27 pm
Portfolio.com, a national business news site for small and mid-sized business (SMB) executives revealed its latest “U.S. Uncovered” study, ranking the most popular and desired cities for retirement. The study, which used a six-part formula to rank 157 metropolitan and micropolitan markets with at least 40,000 seniors, named Bradenton-Sarasota, Florida as the number one choice for seniors’ post-retirement plans.
“Beginning next year, an unprecedented three million Americans will turn 65. While most of these seniors are expected to stay in their current homes, a significant number will decide to seek new places to live in other parts of the country,” says J. Jennings Moss, editor of Portfolio.com. “In addition to warm cities, we’ve also noticed that seniors are attracted to communities that already have a significant population of retirees. This demonstrates that seniors will go to places that already have a comfortable infrastructure in place.”
Already thought to be the classic retirement destination, the state of Florida is home to eight of the top 10 cities in the survey, with Bradenton-Sarasota taking the top spot. Senior citizens represent 26.81 percent of the city’s population, which is more than double the national average of 12.9 percent. With a population of 688,126, Bradenton-Sarasota is the largest city among the top 10, while Homosassa Springs, Fla. (No. 7) is the smallest with a population of 140,357. More than 95 percent of seniors residing in Bradenton-Sarasota were born out of state compared to only 53 percent of the elderly residents of a typical U.S. market who were born out of state.
The 10 most popular retirement cities:
1. Bradenton-Sarasota, Fla.
2. Prescott, Ariz.
3. Lake Havasu City, Ariz.
4. Cape Coral-Fort Myers, Fla.
5. Naples, Fla.
6. Palm Bay-Melbourne, Fla.
7. Homosassa Springs, Fla.
8. Ocala, Fla.
9. Punta Gorda, Fla.
10. Port St. Lucie, Fla.
Two cities from Arizona earned a place in the top 10. Prescott, Ariz. ranked No. 2 in the study with 23.6 percent of its population comprised of seniors. Lake Havasu City, Ariz. followed directly behind taking the No. 3 spot. The rest of the top 10 are occupied by Florida cities including Cape Carol-Fort Myers, Naples, Palm Bay-Melbourne, Homosassa Springs, Ocala, Punta Gorda and Port St. Lucie.
“The study explores a wide variety of markets, both in terms of size and geography. The markets that ranked the highest in the study were areas where the population of seniors is already substantial and growing rapidly,” says G. Scott Thomas, a nationally-recognized demographer who created the analysis for Portfolio.com. “While not surprising that many cities in the top 30 were from the southeast and southwest, there are several cities that have broken the stereotype of beach retirement communities including Seaford, Del. ( No. 13), Barnstable, Mass. (No. 14) and Eugene, Ore. (No. 29) from the north.”
For more information, visit www.portfolio.com.
June 30, 2011 2:27 pm
Soon, summer will be on its way out and the rains may even slow. Still, it's more important than ever to conserve water. From checking the kitchen faucet to watching your laundry loads, there's plenty we can all do to save water.
Here are some tips from Pennsylvania American Water on how you can conserve water and reduce the environmental impact of water consumption both indoors and outside the home:
1. Water your lawn only when it needs it. An easy test to tell if your lawn needs water is to simply walk across the grass. If you leave footprints, it's time to water. (An added benefit of watering less often is that fewer, deep-soaking waterings encourage deep root growth and stronger turf.)
2. Water in the early morning. As much as 30 percent of water can be lost to evaporation by watering during midday.
3. Set your lawn mower one notch higher to make your lawn more drought-tolerant.
4. Use drip irrigation hoses to water plants, and water in the early morning or evening.
5. Use a broom instead of a hose to clean your sidewalk, driveway, or patio.
6. Forego the hose and wash your car with a bucket and sponge instead. According to EPA WaterSense, a hose left running can waste as much as six gallons per minute while a bucket and sponge uses only a few gallons to do the job.
7. Keep a bottle of cold tap water in the refrigerator. You'll avoid the cost and environmental impact of bottled water and you'll have cold water available in the summer without running the faucet.
8. Run dishwashers and clothes washers only when they are full. If you have a water-saver cycle, use it.
9. Adjust the water level of your clothes washer, so that it matches your load size.
10. Regularly check your toilet, faucets and pipes for leaks and have them fixed promptly. An easy test for toilet leaks from EPA WaterSense: Place a drop of food coloring in the tank. If the color tints the water in the bowl without flushing, there's a leak. Check your water meter before and after a two-hour period when no water is being used. If the meter changes at all, you probably have a leak.
June 30, 2011 2:27 pm
Gardens come in all shapes and sizes, and the landscaping design ideas that go into them are truly one-of-a-kind. Online landscaping design resource, landscapingNetwork.com, reveals today’s top six leading garden styles from across the country. Offering a multitude of design ideas, consumers can easily gain inspiration for new summer garden projects.
Gardens at home have long been a staple for homeowners who want to enjoy the outdoors by creating inviting and relaxing spaces perfect for reading the morning paper or enjoying a glass of wine with friends. They are often a representation of self, and take on a lot of character.
These are today’s most popular garden styles that seem to be popping up in yards across the country:
1. Modern gardens that include contemporary paving and furniture.
2. Japanese gardens designed for peaceful contemplation.
3. Mexican gardens that center around socialization and entertaining.
4. English cottage gardens providing a cozy, romantic atmosphere.
5. Desert gardens built for functionality and low maintenance.
6. Tropical gardens lush with tropical plants and bold colors.
Whatever the style may be, these gardens offer consumers a multitude of design ideas and options for creating the perfect garden at home. The rules of design are open for interpretation.
For more information on garden styles and design, please visit PacificHorticulture.org.
June 30, 2011 2:27 pm
Six Factors Can Determine Your Choice
Contrary to what many homeowners believe at the outset, there may be scant difference in the price of installing hardwood flooring versus carpeting.
“Carpeting—unless you choose the most expensive high-end product—will generally cost less than hardwood flooring,” says home store flooring consultant Leonard Rangle. “But wood floors can also vary widely in price, so if cost is your primary consideration, be sure to get estimates on installing hardwood and carpeting of equal quality.”
Other factors should be taken into consideration before making your final choice, notes Rangle, who suggests weighing these six factors before making your final choice:
• Noise – Carpet is quiet, while wood flooring absorbs no sound at all. If you have young children, or if TV and/or music is a constant in your home, carpeting may be the better choice.
• Warmth – Carpeting is warmer to walk on, especially in colder climates. If you live in a warm climate, you may appreciate the coolness of wood flooring under your feet.
• Liquid spills – Liquids may stain carpet, although today’s cleaning products do a good job of minimizing damage. But a build-up of dampness can lead to underlying mold or mildew. Wood is resistant to stains and absorption, although prolonged exposure to moisture can cause discoloration or warping.
• Cleaning – Carpeting needs to be regularly vacuumed and shampooed, and even then, dust particles can penetrate under the weave. Hardwood floors are easily cleaned with vacuuming and a damp mop.
• Lifecycle – Carpeting can be expected to last 10 to 15 years depending upon wear and maintenance. Wood flooring, barring water damage, can be expected to last a lifetime.
• Health factors – Hardwood flooring is a better option if there are allergies in your family. Carpets, in addition to trapping dust particles, emit gases—like the ones you smell when you enter a carpet store—for much of the life of the carpet.
June 29, 2011 5:27 pm
Q: Are fees and assessments owed a homeowner’s association deductible?
A: Generally not because they are considered personal living expenses. But if an association has a special assessment to make capital improvements, condo owners may be able to add the expense to their cost basis when the property is sold. Another exception may apply if you rent your condo – the monthly condo fee is deductible every year as a rental expense.
June 29, 2011 5:27 pm
Buyer’s market. Describes an excess supply of homes for sale, in which there are few buyers and many sellers. In such a market, the buyer can typically negotiate more favorable prices and terms.
June 29, 2011 5:27 pm
Most people have one: that room in the house that they wish was just a little larger. What many don't realize is that with a little work and some TLC, they could have exactly what they're looking for.
Here, Lowe's offers 10 designer tricks to help you make any room look larger:
1. For the illusion of a larger room, use a color scheme that is light rather than bright or dark. Pastels, neutrals and white are all color possibilities.
2. Use a monochromatic color scheme on the furniture, rugs and walls. Select different shades and textures of your single color.
3. Lighting is a key element in opening up a space. Recessed spot lighting is visually appealing and is perfect for a small space. A torchiere light is great for bouncing light off of the ceiling and back down on the room. Skylights and solar tubes are natural alternatives for adding light to a room.
4. Limit the number of accessories to avoid the cluttered feeling.
5. The floor and the ceiling are the fifth and sixth walls of every room. A light-colored flooring such as light oak or a light-colored carpet will make the room appear brighter and more open. The same applies to the ceiling—use a light color or white to "open up" the space above.
6. Increase the appearance of the size of the room by adding wall mirrors. They not only reflect images, they reflect light and color. Be a little daring! Use mirror tiles to mirror an entire wall. Your room will appear to double in size.
7. Don't place too many pieces of furniture in a small space. A love seat may work better than a full-size sofa depending on the size and shape of the room. Add two medium-sized chairs or two small wood chairs. Place the chairs closer to the wall and then pull them into the area when additional seating is needed.
8. Add paintings or prints to the walls. One large painting works better than a group of small paintings.
9. The visual balance of a room is also important. A large, brightly colored element can overwhelm a room and decrease the appearance of space.
10. A glass table, whether it is a dining, coffee or end table, will keep the appearance of an open and free space.
For more how-to project ideas, visit Lowe's How-To Library at http://www.lowes.com/cd_How+To+Library_615580068_.
June 29, 2011 5:27 pm
The Better Hearing Institute (BHI) is urging people to pack earplugs when heading out to this year’s 4th of July celebrations and is urging them to exercise safety whenever around fireworks. The single bang of a firecracker at close range can permanently damage hearing in an instant. But by following some simple precautions, people can enjoy the 4th of July festivities and still protect their hearing.
"The best advice I can offer is to leave the fireworks to the professionals and sit at a comfortable distance from the display, where you can enjoy the colors and lights, but not expose yourself and your family to loud noises," says Sergei Kochkin, PhD, BHI’s executive director. "To protect your hearing, make sure you’re wearing ear plugs and that they’re securely in place before the show begins. And be sure to keep them in for the entire show."
Disposable ear plugs, made of foam or silicone, are typically available at local pharmacies. They’re practical because you still can hear music and the conversation of those around you when you have them in your ears. But when they fit snuggly, they’re effective in adequately blocking out dangerously loud sounds.
Noise is one of the most common causes of hearing loss. Ten million Americans have already suffered irreversible hearing damage from noise; and 30 million are exposed to dangerous noise levels each day.
According to the American Pyrotechnics Association, consumption of fireworks in the United States has risen dramatically over the past decade, from 152.2 million pounds in 2000 to 213.9 million pounds in 2009. As more and more Americans come into contact with fireworks, it becomes increasingly important that people follow sound safety measures, including the use of ear protection.
The Dangers and Signs of Loud Noise
Loudness is measured in decibels, with silence measuring at 0 dB. Any noise above 85 dB is considered unsafe. Most firecrackers produce sounds starting at 125 dB–presenting the risk of irreversible ear damage. Repeated exposure to loud noise, over an extended period of time, presents serious risks to hearing health as well. If you have to shout over the noise to be heard by someone within arm's length, the noise is probably in the dangerous range. Here are other warning signs:
• You have pain in your ears after leaving a noisy area.
• You hear ringing or buzzing (tinnitus) in your ears immediately after exposure to noise.
• You suddenly have difficulty understanding speech after exposure to noise; you can hear people talking but can't understand them.
Anyone can take the first step to addressing hearing loss by taking a simple, interactive screening test in the privacy of their own home by going to http://www.hearingcheck.org.
"Prevention is so critical to preserving our hearing, especially for children who are at highest risk for noise-induced hearing loss," adds Kochkin. "So make sure your family and friends fully enjoy the holiday festivities and celebrate smart. Leave the fireworks to the professionals. Stay a safe distance away. And pack the earplugs. Remember: close to 40 percent of hearing loss is preventable with proper protection."
Founded in 1973, the BHI conducts research and engages in hearing health education with the goal of helping people with hearing loss benefit from proper treatment. For more information on hearing loss, visit http://www.betterhearing.org.
|Each RE/MAX office is independently owned and operated |
RE/MAX 440, PA
If you are a home owner in the Blue Bell area and are thinking of placing it on the market, this site contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation. This site features houses and condos for sale in Montgomery County, Pennsylvania. Looking for property in and around Blue Bell, Pennsylvania? Residential, Commercial, Land-Lot or Rental, we can help with all your real estate needs. On this Blue Bell real estate site find Blue Bell In Town and Suburban Properties, Land, Lots, Blue Bell Golf Homes for Sale, Luxury Estates, Town Homes, Blue Bell New Homes for Sale, Blue Bell Condos, Town Homes, Real Estate, Blue Bell Luxury Estates, Equestrian Estates and Blue Bell Executive Homes For Sale. Mary Mastroeni with RE/MAX Central is here to help home buyers and home sellers through the real estate process in Montgomery and Bucks County. Blue Bell Homes for Sale and Blue Bell Real Estate - Buying or Selling Blue Bell Real Estate.
Servicing: Skippack, Blue Bell, Bryn Mawr, Devon, Delaware County, Wyncote, King Of Prussia, Bucks County, West Point, Lafayette Hill, Norristown, Colmar, Montgomery County, Warrington, Worcester, Bala Cynwyd, Villanova, Fairview Village, Eagleville, Narberth, Gwynedd Valley, Horsham, Montgomeryville, Haverford, Gladwyne, Chester County, Conshohocken, Glenside, Lansdale, Line Lexington, Flourtown, Wayne, Plymouth Meeting, Harleysville, Ambler, Philadelphia County, Audubon, Bridgeport, Creamery, Kulpsville, Dresher, North Wales, Mainland, Philadelphia, Lederach, Gwynedd, Chalfont, Fort Washington, Oreland, Valley Forge, Spring House, Cedars, Souderton, Hatfield