Tag: homeowner

Hispanic Homeownership is on the Rise

"His­pan­ics are expe­ri­enc­ing the largest home­own­er­ship gains of any eth­nic group in the U.S., a turn­around for the pop­u­la­tion hard­est hit by the hous­ing bust that could help buoy the mar­ket for years, reports The Wall Street Jour­nal."

Mortgage Brokers can Guide Homeowners Through Confusing Processes

"After climb­ing for much of 2018, mort­gage rates have been falling since the begin­ning of the year. The aver­age mort­gage APR (annu­al per­cent­age rate) was recent­ly at 4.28%, accord­ing to Fred­die Mac, com­pared to a high of 5% in 2018. But just because rates are down doesn't mean you're get­ting a good deal, says Con­sumer Reports."

Water-Related Property Damage Concerns 73% Of Homeowners

A new study from Chubb finds that while home­own­ers are near­ly unan­i­mous (90%) in say­ing they are "vig­i­lant" or do an "okay job" at home main­te­nance, their respons­es tell a dif­fer­ent sto­ry when it comes to water dam­age pre­ven­tion, the num­ber one cause of property-related claims.

Insurance Companies Can Attract New Client by Advertising Discounts to Homeowners Who Make These Improvements

"With home-improvement sea­son in full swing, this is the time of year when you might make upgrades that can pro­tect your home from bur­glar­ies, fires, and storms, such as hur­ri­canes and tor­na­does. Accord­ing to Con­sumer Reports, if you take steps to make your home safer, your home­own­ers insur­ance com­pa­ny could reward you with a pre­mi­um dis­count, depend­ing on what you've done."

81% of Homeowners Need Their Homes to be More Organized in Order to Relax

At a time when Amer­i­cans' lives are busier than ever and to-do lists feel nev­er end­ing, orga­niz­ing makes home­own­ers into mas­ters of their uni­verse; a stag­ger­ing 95% of home­own­ers say they feel when their home is orga­nized that their life is orga­nized, accord­ing to a new Mas­ter­Brand Cab­i­nets home orga­ni­za­tion sur­vey. The nation's lead­ing cab­i­netry man­u­fac­tur­er con­duct­ed a sur­vey of more than 1,000 U.S. adult home­own­ers ages 25–65, revealed today.

A 10% Landscaping Investment Increases Appraised Home Value

The Appraisal Insti­tute, the nation's largest pro­fes­sion­al asso­ci­a­tion of real estate apprais­ers, today encour­aged home­own­ers to pay close atten­tion to their property's land­scap­ing as it could have a major impact on val­ue. In fact, a well-landscaped home can add approx­i­mate­ly 6 to 13% in val­ue com­pared to a prop­er­ty with no land­scap­ing, accord­ing to one source.

Over 70% of Home and Auto Owners Don’t Have a Plan to Handle Surprise Maintenance Costs

Bud­get­ing for month­ly expens­es like gro­ceries and util­i­ty bills is a no-brainer, but accord­ing to a new study con­duct­ed by Lib­er­ty Mutu­al Insur­ance, Amer­i­cans aren't bud­get­ing for essen­tial home or car main­te­nance. The research found that the major­i­ty (80%) of home­own­ers and (74%) of auto own­ers don't have a plan or bud­get in place and tend to pro­cras­ti­nate or deal with home and car main­te­nance issues as they arise. In fact, almost half of Amer­i­cans (48%) have less than $1,000 saved for home main­te­nance issues or repairs and one in three have no mon­ey saved. When it comes to auto main­te­nance, the major­i­ty of Amer­i­cans (60%) are sav­ing less than $500 and more than one-fourth aren't set­ting aside any mon­ey at all.