Tag: costs

Home Repair Contractors

Allegheny County program covers home repair costs for families in need – WPXI

ALLEGHENY COUNTY, Pa. — A new program in Allegheny County is taking care of home repair costs for families.

“I can relax in my house and not worry that it’s going to fall down on me,” Kelly Scatena said.

Scatena and her husband bought their house in Mount Oliver more than a decade ago and have been raising eight children.

“My house was in really bad shape, and it needed more things than I could afford to do, and they needed done sooner rather than later,” said Scatena. “I was in a pretty bad spot. We were just going to

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Home Repair Contractors

Aging in Place Home Repairs Are One of the Biggest Costs to Seniors — 4 Ways To Save

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Housing costs might be an unexpected source of financial stress in retirement. An analysis by T. Rowe Price found that even though healthcare expenses often top retirees’ cost concerns, housing costs are both the top spending category and the top source of spending volatility.

Explore: 5 Places To Retire That Are Just Like Florida But Way Cheaper
Discover: The Simple, Effective Way To Fortify Your Retirement Mix

Within the housing expense category, home repairs and improvements could be a particularly tricky area to manage. It can be hard to know exactly when you’ll need

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Home Repair Contractors

Spending on home renovations slows, but high remodeling costs mean little relief

LOS ANGELES — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators.

The home improvement spree got particularly heated early in the pandemic, when Americans invested to make their homes better suited for remote work and learning. But the home improvement frenzy appears to be cooling.

Harvard University’s Joint Center for Housing Studies’ latest leading indicator of remodeling activity, or LIRA, suggests homeowner spending on renovations and repairs will fall to $449 billion this year. That would represent a roughly 7%

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Home Repair Contractors

Rising repair costs & natural disasters making US home insurance less affordable: IRC

A combination of both the growing frequency and severity of natural disasters, along with rising home repair costs and other economic factors, have contributed to less affordable homeowners insurance, according to a brief from the Insurance Research Council (IRC).

The IRC, an affiliate of The Institutes, a provider of risk management and insurance knowledge solutions, measures affordability with the ratio of average homeowners insurance expenditures to median household income.

In 2020, the most recent year for which this data was available, this ratio sat at 1.93 percent, which means that US households are said to have spent an average of

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Home Repair Contractors

Home Maintenance Costs Just Hit A Record High

The cost of everything is rising, and it appears that home maintenance expenses are no exception. In fact, according to a recent report, it now costs, on average, $6,548 a year to maintain a single family home.

In a previous article, we revealed that on average, homeowners can expect to pay $14,155 a year, or $1,180 a month in hidden costs related to owning a home. This estimate includes changes in property taxes and utilities — as well as maintenance costs.

However, new data from the Thumbtack Home Care Price

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