Many homeowners may be one leaky or burst pipe away from a financial crisis.Nearly 20 percent of homeowners admit they have no money put aside for an emergency home repair, according to a survey of more than 1,400 homeowners by HomeServe USA. Yet more than half of the respondents say they’ve had a home repair emergency in the last 12 months.“Part of that can be attributed to the fact that the median age of a home is about 40 years, so th
DIY home improvement jobs can end in disaster. And even when they don’t, projects can become time-consuming and costly. Botched DIY home improvement jobs can also lead to quarreling among loved ones, shows a new survey from Porch.com, a home improvement website. Porch.com surveyed more than 1,000 homeowners to discover the biggest sources of tension and mistakes during home improvement projects.A third of homeowners say they tackle house projec
Homeowners are sprucing up their homes more this year, tackling several home improvement projects. Eighty-eight percent of homeowners recently surveyed say they performed a major home repair in the last year, and more than half said they managed multiple major repairs or home improvement projects, according to a new analysis by Porch.com, a home improvement website.Homeowners spent an average of $4,958 on home repairs and improvements in the past
Businesses are reportedly receiving letters and faxes from an entity called “First National Bank” that is offering lines of credit and secured or long-term loans. But federal authorities are warning that First National Bank is “not a licensed or chartered bank.”The Office of the Comptroller of the Currency sent a notice to banks and other officials across the country Thursday warning that “First National Bank,” which cl
High rents don’t just hurt Americans’ pocketbooks—they could be affecting people’s health too. A new study shows that more than half of renters say they delayed health care because they couldn’t afford it. Medical professionals surveyed said they’ve dealt with patients who have expressed concerns and anxiety about affordable housing, according to the survey of 1,000 U.S. renters commissioned by Enterprise Community Partners
Seventy-nine percent of consumers say that a lawn is an important feature when renting or buying home. Many consumers are even ranking a nicely sized yard as the second most important home feature, only behind a renovated kitchen, according to a new survey released by the National Association of Landscape Professionals.Sizable lawns trumped other popular features like updated bathrooms, storage, and hardwood floors, according to the survey.Younge
Seventy-eight percent of home buyers say a linen closet in the master bathroom is “desirable” or an “essential/must-have feature,” according to the National Association of Home Builders’ 2019 What Home Buyers Really Want Survey. The report is based on responses from recent and prospective home buyers who plan to purchase within the next three years.Buyers were asked to rate a list of features they most wanted in a bathroom. A shower sta
More homeowners plan to spruce up their homes this year, but a lot of things can go wrong—particularly financially—when setting out to do a home remodel. More than a quarter of home renovation projects go over budget.Some of the biggest budget breakers for owners completing a home renovation project, according to a new infographic from Job Site Image, a company that offers construction photo documentation, are:Choosing more expensive pro
Beloved household animals can leave behind smells that could turn off potential buyers when a home is for sale. Homeowners—who may have become “nose blind” to the smells—may want to take a few steps to remove any lingering smells prior to their first showing. Here are a few tips from HouseLogic.com, a home improvement resource:Start scrubbing.Scrub the bare floors and walls where pets have left their mark with vinegar, wood floor cleaner,
Homeowners are spending more to spruce up their homes. They spent an average of $12,361 in discretionary funds on remodeling in 2017—the highest since 2006, according to the latest report by the Harvard University’s Joint Center for Housing Studies.But which household projects can actually better their chances of selling their home one day?“Any time a buyer can walk into a house and see it already has the features they want, that’s a
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