RE/MAX 440
Tim Lugara

Tim Lugara
423 North Main Street  Doylestown  PA 18901
Phone:  215-348-7100 1632
Office:  215-348-7100
Toll Free:  800-360-7100
Cell:  215-917-8673
Fax:  267-354-6961

Tim's Blog

Protect Your Home Financially From Disasters

August 1, 2014 2:18 am

The Insurance Information Institute recommends that homeowners take time to review their insurance policies to ensure they have the right amount and type of coverage before disasters wreak havoc. Properly insure your home with these five tips:

1. Review Insurance Before You Experience a Loss
Read the Declarations (“Dec” or front) page of your policy, as it provides a useful summary. Review all policy documents and contact your insurance professional with any questions.

2. Understand Which Disasters Are Covered
Hurricanes, windstorms and tornadoes are covered by standard homeowners and renters policies. Floods and earthquakes are not covered—you must buy separate policies for these disasters. Coverage for flooding and storm surge is available from the National Flood Insurance Program and from a few private insurance companies. There is a 30-day waiting period for flood insurance to go into effect, so buy it now if you need it.

3. Have Enough Insurance

Get enough insurance to rebuild your home and replace your personal possessions. Know the difference between replacement cost and actual cash value coverage; understand your additional living expense coverage; and consider getting law and ordinance insurance so you can rebuild to current building codes.

It is equally important to have an up-to-date home inventory to ensure your personal belongings are properly covered and to help file a claim. If you are a renter and don’t have an insurance policy, now is the time to get one.

4. Understand Your Deductibles
A deductible is the amount you pay out of pocket for a loss before the insurance coverage kicks in. Know the difference between a standard dollar deductible and wind or hurricane deductibles, and when they would be applied. This information is available on the Dec page.

5. Consider Special Coverages
You may want to get coverage for sewer backup if you live in an area with an aging infrastructure. Consider a floater or endorsement for expensive jewelry, artwork, musical instruments or collectibles.

Source: Insurance Information Institute

Published with permission from RISMedia.


Residents Give High Marks to Community Associations

August 1, 2014 2:18 am

The more than 65 million Americans who are part of homeowners associations or living in condominiums are overwhelmingly satisfied with their communities, according to a national survey released by the Community Associations Institute.

Almost two-thirds of community association residents rate their overall association experience as positive, while 26 percent are neutral on the question. Only 10 percent express some level of dissatisfaction.

The survey also revealed that:
  • 90 percent of residents say association board members serve the best interests of their communities
  • 83 percent say they get along well with immediate neighbors
  • 92 percent say they are on friendly terms with their association board members (the homeowners who are elected by their neighbors to govern the community)
  • 83 percent say their community managers provide value and support to residents and their associations
  • 70 percent of residents say their association rules protect and enhance property values
The typical community association is governed by homeowner volunteers who are elected by their fellow owners to set policy for the community. Smaller associations with limited budgets may rely on resident volunteers for various management responsibilities, such as accounting functions and assessment collection, while larger associations contract for the services of a professional community manager or association management company.

More than two million Americans serve as volunteers on community association boards and committees.

Source: Community Associations Institute

Published with permission from RISMedia.


Five Tips for Air Conditioner Maintenance

July 31, 2014 2:06 am

The season’s warm weather means homeowners will be increasingly reliant on air conditioning to make the long, hot days more tolerable. Keep in mind these five maintenance tips to keep air conditioners running smoothly through the summer months.

Combat moisture - Air conditioning systems should not have moisture within the refrigeration system. Most systems have moisture indicators located on the high or low-pressure lines. Once the system is running and the compressor has started, a color indicator on the pressure line will show if moisture is present. If moisture is in the refrigeration system, a trained air conditioning technician will have to vacuum the line and make any necessary repairs.

Clean air conditioning condenser coils - At a minimum, air conditioning condenser coils should be cleaned at least twice a year. It is best to clean the condenser coils before starting the system for the season and again when the weather starts to get hot for prolonged periods of time. Typically the second cleaning will be done in July or early August. If the system is located near trees, it may require additional cleanings to keep debris from entering the system and blocking the coils.

Maintain the evaporator coil - The evaporator coil is an important part of an air conditioning system. Air conditioning evaporator coils are used to transfer heat. The heat transfer surfaces should be kept clean so airflow is not obstructed. Homeowners should ensure filters are present, clean and changed out regularly.

Inspect for leaks - Air conditioning units should be checked for any leaks that may have occurred when it is not in operation. Air conditioning systems should also be checked during operation and after the system has been shut down. Preventative maintenance can keep repairs and costs down. Checking for leaks will prevent air conditioning systems from sustaining more damage, and it is also good for the environment.

Understand normal air conditioning operation - The best way homeowners can tell if something is wrong is by understanding how the air-conditioning system should sound and appear. If the system is vibrating loudly, making abnormal sounds or not performing the way it was, you will want to have it checked by a licensed technician.

Source: Aire Serv

Published with permission from RISMedia.


How to Evaluate Long-Term Care Insurance Costs

July 31, 2014 2:06 am

Why would a 60-year-old New York couple pay $3,250 yearly for long-term care insurance when virtually identical coverage costs $1,800, some 57 percent less?

According to a policy cost comparison recently conducted by the American Association for Long Term Care Insurance, it is because prices vary depending on state, marital status, and pre-existing medical conditions. The addition of new policies on a regular basis also creates challenges for insurance agents, financial advisors and policy holders.

Comparison shopping on your own is virtually impossible for consumers, experts advise. Health sweet spots exist in all three categories, but plans must be evaluated individually to ensure the policy holder saves the most money.

When deciding who will evaluate and cover you or a loved one’s long-term care, consider these questions:

How long has the insurance agent been selling long term care insurance?
"A minimum of three years is suggested, though five or more is going to be better," Jesse Slome, executive director of AALTCI, notes.

How many policies have they sold?
"A long term care insurance specialist will have helped at least 100 individuals get coverage, though many will have helped 500 plus," he adds.

Is the financial advisor or insurance agent appointed with multiple insurance companies?
"‘Appointed’ is insurance industry jargon that means they can actually sell that company's policy. At the end of the day, an agent is only going to recommend and tell you about policies they can actually sell," he shares.

Source: American Association for Long Term Care Insurance

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Three-Quarters of American Homeowners Have Used a Real Estate Agent

July 31, 2014 2:06 am

According to the results of a housing survey recently released by BMO Harris Bank, three-quarters of homeowners have used a real estate agent.

"While a notable number of Americans feel they could buy or sell a home without a real estate agent, our survey tells us that when the time came, the majority of homeowners did seek the added professional help and enlisted an agent," said Kevin Christopher, Head of Mortgage Sales.

Word-of-mouth is the top way that home buyers select an agent (41 percent), followed by:

• Past experience (22 percent)
• Reference from bank (9 percent)
• Advertising or a flyer (9 percent)
• Came to the door (2 percent)

The survey also asked Americans about where they felt real estate agents had the most value-add. The top three benefits for having an agent when buying are:

• Handling paperwork (67 percent)
• Having someone who understands market value (59 percent)
• Access to market information (53 percent)

The top three benefits when selling are:

• Handling paperwork (64 percent)
• Advertising the home to bring in offers (58 percent)
• Having someone to price the home appropriately (57 percent)

Source: BMO Harris Bank

Published with permission from RISMedia.


Cleaning Your Hardscapes

July 30, 2014 1:54 am

In our last report, I began examining the value and enhancement homeowners can bring to their hardscapes - driveways, patios, pool decks, walkways and many other applications - through proper protection and sealing.

But before you seal, homeowners must be sure their hardscapes are properly cleaned and prepped. The folks at Illinois based Surebond, a manufacturer of joint stabilizers, sealers, cleaners and adhesives for most hardscape installations, offer the following advice before you clean:

ALWAYS TEST FIRST - Choose an inconspicuous spot to test before carrying out a full cleaning.

ACT QUICKLY - Attacking a stain as soon as possible reduces the likelihood of it setting into the surface.

WORK UP THE SLOPE - Starting at the bottom of a sloped pavement allows cleaning fluids to drain down.

Now it's time to get down to business:
  • For fresh stains with un-absorbed oil on the surface, Surebond recommends you put down kitty litter or sawdust to soak up the stain. Then clean up after a few days.
  • Older oil stains can be complicated to remove completely but boiling water can help lift the stain. Blot area with absorbent cloth and repeat as needed.
  • For food, grease from your grill, or beverages, apply liquid dish detergent at full strength and allow it to penetrate for 20 to 30 minutes. Then scrub and rinse with hot water.
  • For stubborn stains, use a professional cleaner and stain remover, and for gum, scrape off any excess and scrub with naptha or mineral spirits. Then, rinse area thoroughly with hot water.
  • If you spill fresh paint, blot immediately with a rag or towel; do not wipe as this may spread paint. Soak the area and scrub with hot water and a stiff brush.
  • For dried paint, Surebond says to scrape any excess paint off of the surface. Apply a commercial paint remover and do not rub the loosened paint into the surface.
  • For mortar, let material harden and carefully remove spots with a trowel, putty knife or chisel.
  • Finally, there is efflorescence - the whitening that occurs naturally as water evaporates bringing salts to the surface. To remove efflorescence as well as other mineral deposits like rust and hard water stains, use a professional efflorescence and rust remover and follow all instructions on cleaner label.

Published with permission from RISMedia.


Five Tips to Remove Outdoor Stains

July 30, 2014 1:54 am

Engaging in outdoor activities is a great way for families to stay active and spend quality time together, but between tree-climbing, nature hikes, and backyard barbecues, outdoor adventures can lead to piles of dirty, dingy and stained clothing.

Unwanted stains from dripping ice cream cones to grass and dirt can easily ruin clothing, especially white or light-colored apparel. Maintaining bright, spotless clothing doesn't have to be complicated. Use these tips to combat stains:
  • Act quickly: If possible, begin treating the stain immediately. For stains on the go, try applying club soda with a clean white cloth napkin. If none is available, just try and keep the spot wet with an ice cube until you can get home and wash.
  • Don't let laundry sit: As a general rule of thumb, the longer the stain sits, the harder it will be to remove. Ensure stained clothing makes its way to the laundry room, rather than sitting in your child's bedroom or hamper for several days.
  • Soak clothes: Remove tough stains with little effort by pre-soaking colorfast clothing overnight in a solution of stain remover and warm water.
  • Evaluate clothes before drying: The dry cycle can permanently set stains, so scan clothes to make sure the items are completely stain-free before putting them in the dryer. If any spots remain, pre-treat and run it through the wash cycle again.
  • Keep your washer and dryer clean: Make sure to periodically clean your appliances to get rid of any built-up residue to keep your clothes as clean as possible. Run an empty wash cycle with hot water and two cups of white vinegar to thoroughly clean the washer. Then, vacuum the lint trap and vent on the dryer to keep it running in tip-top shape.
Source: OxiClean

Published with permission from RISMedia.


How to Hang a Hammock

July 30, 2014 1:54 am

Whether you’re spending your summer curled up with a favorite book, listening to music or just enjoying the view, hammocks are the perfect spot for outdoor lounging. They require almost no maintenance once they’re hung up, but hanging one is no easy task. String your hammock up quickly by following these steps:

1. Weigh your options before purchasing. There are two common types of hammocks: traditional, which are designed to hang loosely, and ones with spreader bars, which keep the hammock taut. Spreader bar hammocks keep the hammock open, so no one gets wrapped up in the material.

2. Select your support. Choose two, sturdy trees that show no signs of rot. Maple, oak or beech varieties work best. Traditional hammocks must be hung 6 to 8 feet above the ground, to accommodate the material dipping. Spreader bar hammocks can be hung 4 to 5 feet from the ground.

3. Measure the distance. Whether you have a traditional or spreader bar hammock, try to use trees that are distanced enough so that your hammock is stretched out completely. In most cases, trees are not placed ideally and homeowners will have to extend the hammock with a chain. Make sure the chain isn’t more than 18 inches on either side to avoid tearing.

4. Hang it up. Secure the hammock with tree-fastening straps, which sometimes come with the hammock. If you’re buying separately, look for straps that have a loop and a metal ring. Attach the straps with S-hooks to the hammock, and enjoy your new backyard retreat.

Source: Zillow Blog

Published with permission from RISMedia.


Wood or Composite: Which Deck Material Is Right for You?

July 29, 2014 1:42 am

(BPT) - Adding a deck or replacing an old one is a popular project in warmer months – one that provides outdoor entertaining space and enhances home value. If you’re considering a deck project this season, will you choose to build with wood or composite?

Decks built from either material have a high return on investment at the time of resale. Both can provide your family with a great space in which to enjoy warm weather. Before you decide which material is right for your deck, learn the truth behind these common myths.

Myth: Wood is “greener” than composite decking.

Truth: In many ways, composite decking is more eco-friendly than wood. When you consider the life cycle of both products, composite products emerge as materials with minimal environmental impact. Your final, finished deck requires no harsh chemical treatments to make it resist rot and stain, and it will last for decades. That durability means less energy consumption, fewer resources needed to replace it and less discarded material in landfills.

Myth: Composite decking is too expensive.

Truth: While the initial outlay for materials may be the same as exotic woods or more than pressure treated wood, the durability, longevity and low-maintenance requirements of composite mean it will actually cost less over its lifetime than wood. Composite eliminates the cost of re-staining a deck every year, and its rot-resistant qualities greatly curtail repair costs.

Myth: Wood is a better material for do-it-yourself decks.

Truth: If your DIY skills are up to working with wood, you can definitely build your own deck using composite materials. In fact, composite products are easier to work with than wood in many ways. Unlike wood, composite planks won’t splinter or fracture. Finally, when your deck is done, you can start enjoying it right away, without the need to stain or seal the deck before you can use it.

Myth: Composite fades, looks fake and does not have the same beauty as wood.

Truth: Wood is undeniably beautiful, but many composite decking options now mimic the natural grain and beauty of wood. Whether your taste runs to classic or contemporary, you’ll find composite selections that deliver the look of traditional wood grains and even exotic hardwoods. Advances in composite technology have yielded products that so closely resemble wood, you may not be able to tell the difference until you step on one barefoot – you’ll find the composite smooth and splinter-free!

Published with permission from RISMedia.


EMV Credit Cards to Secure Shopping in 2015

July 29, 2014 1:42 am

Following several high-profile security breaches in recent years, consumers have more reason than ever to be concerned about their privacy when using debit and credit cards. Fortunately, an effort is underway to implement new technology across the United States that will better protect shoppers and their private information.

The Europay, Mastercard and Visa (EMV) card is widely used overseas and can be found in the United States. You may have an EMV card in your wallet without knowing it. In fact, according to EMVCo, 45 percent of the total payment cards in circulation globally include EMV chip technology. New guidelines being rolled out in the United States will hold banks or retailers that have not implemented this new security liable for fraud, so by late 2015, consumers can expect to see these changes closer to home.

What is EMV?
The Smart Card Alliance describes EMV as a set of specifications for smart card payments and acceptance devices that provide strong transaction security features and capabilities not possible with traditional magnetic stripe cards. The EMV chip in the payment card is an embedded microprocessor that keeps your money and financial information from falling into the wrong hands.

What makes EMV more secure?
EMV offers greater security than the traditional magnetic stripe debit or credit cards. An important distinction is that data is stored on a chip rather than the familiar magnetic stripe, making it nearly impossible to counterfeit an EMV card. EMV boosts security through a smart card chip, a unique code and advanced cryptography.

How will EMV change my shopping experience?
Instead of swiping your card, now you'll "dip" your card into the payment terminal, holding it in place to allow the transfer of data. Shoppers should expect that this process will take slightly longer than the traditional quick swipe of a magnetic card. EMV technology also enables contactless payments, so shoppers may instead "tap" their contactless EMV cards, which are just as secure and speed up the check-out experience.

Card issuers (your bank or credit company) will determine whether you are required to enter a pin or sign to verify your purchase.

Initially, cards will include both EMV and magnetic stripe technology, so you can be assured your card will work whether the retailer has adopted the new system or not.

Source: Gemalto

Published with permission from RISMedia.