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5 Times a Home Equity Loan Makes Sense

If you owe less on your home than it’s worth, you have equity. With a home equity loan, you borrow against that equity and pay the loan back in equal monthly installments for a preset number of years (typically, five to 30 years). The amount you can borrow is usually capped at 80% to 85% of available equity. For example, if your home is worth $300,000 and you owe $200,000, you have $100,000 in equity. That means you may be eligible to borrow $80,000 to $85,000 in a home equity loan.

When you take out a home equity loan, your home acts as collateral, meaning a lender can repossess your house if you fail to make payments. Home equity loans can be useful, but it is crucial to consider whether you can afford one before moving forward.

Also consider how you intend to use the home equity loan. Here are five times taking out a home equity loan makes sense.

1. You can recoup the majority of what you spend

If you take out a home equity loan to pay for a home renovation, it’s essential to understand that some upgrades are strictly for your pleasure. For example, high-end light fixtures, a house full of carpeting, or a swimming pool can add a spring to your step, but are unlikely to add much value to your property when it’s time to sell. In the case of a swimming pool, it can make your property harder to sell, particularly to buyers worried about liability or who don’t want the upkeep.

When a home equity loan is used to pay for upgrades that increase your property’s value, the loan can make sense. A minor kitchen remodel costs, on average, more than $23,000, but you’ll recoup about 78% of what you spend when

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Nearly three times more COVID deaths in Mississippi’s for-profit nursing homes, analysis shows | State Government

Twice as many residents caught COVID-19 at Mississippi’s for-profit nursing homes, and nearly three times more died there, an analysis of health data by the Mississippi Center for Investigative Reporting shows.

The average number of confirmed COVID-19 cases in these for-profit homes? Four in 10 residents.

One possible factor: 80% of Mississippi’s nursing homes had already been cited for infection-control problems before the pandemic hit.

Charlene Harrington, a professor emeritus at the University of California at San Francisco who discovered similar results in a just-released study of nursing homes in California, said the current pandemic is exposing problems that have persisted for decades. “We’ve just looked the other way for 30 years,” she said.

OSHA has been investigating three nursing homes in Mississippi, all of them for-profit, for workplace catastrophes or fatalities, including Lakeside Health & Rehabilitation Center in Quitman. One of the home’s nursing assistants, Carole Faye Doby of Stonewall, died of COVID May 15, and two residents also died of the disease.

A week or more before she contracted the coronavirus, Doby warned her family that “things were getting bad at the nursing home, and that we didn’t need to come around,” recalled her daughter, Shenika Jackson of Clinton.

She said her mother shared that a fellow worker and a resident (who later died) had both come down with the disease.

On May 6, Doby was tested for COVID. Days later, they saw her on Mother’s Day, Jackson said. “We did see her on Sunday, Mother’s Day. We sat outside the porch and ate lunch. She was inside the window.”

By May 11, her mother still didn’t have results and continued to get sicker so she saw a doctor, who had her rushed to the hospital by ambulance, Jackson said.

Because of COVID, she couldn’t visit with her

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Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India



a tall building in a city: Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India


© Vandana Ramnani
Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India

Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.

Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.

Lower home loan interest rate also supported pick-up in residential sales. The acute labour crunch experienced in the earlier part of the lockdown also started to ease out, as workers began to return to main cities seeking employment.

Even while there is a considerable distance from normality, the residential sector has started to show signs of improvement in the third quarter of 2020, the report titled India Real Estate Update (July – September 2020) that analysed the residential and office market performances across eight major cities for the Q3 2020 period, said.

The total residential sales of the top eight markets under review during Q3 2020, reached 54 percent of 2019 quarterly average. Similarly, residential launches in Q3 2020, improved to 56 percent of the 2019 quarterly average. Mumbai, Bengaluru and NCR accounted for 56 percent of the quarterly sales volume during Q3 2020 compared to 62 percent in 2019, primarily due to a fall in Bengaluru’s share in total sales for

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Handyman Connection Recognized As A Franchise Times 2020 Top 200+ Franchise

BLUE ASH, Ohio, Oct. 5, 2020 /PRNewswire/ — Handyman Connection, a home repair company with over 25 years of experience, announced today it was recognized as a Franchise Times Top 200+ franchise. The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global system wide sales, based on the previous year’s performance.

“We are thrilled to be named a Top 200+ franchise by Franchise Times once again,” said Jeff Wall, CEO of Handyman Connection. “This recognition is a true testament to our accomplishments as a brand over the past year and we look forward to continued growth and success in the year ahead.”

Handyman Connection operates more than 60 locations throughout 25 states and Canada. For more than 25 years, the brand has offered homeowners across North America a complete resource for professional craftsmanship and exemplary customer service. Handyman Connection offers a variety of services ranging from traditional home repairs to painting, remodeling and more.

Additional information on the Top 200 can be found in the October issue of Franchise Times and the full list at http://www.franchisetimes.com/2020-Top-200/.

About Handyman Connection
Since 1991, homeowners across North America have been calling on Handyman Connection for our professional craftsmanship and exemplary customer service. Each Handyman Connection franchise is locally owned and operated, backed by the company that helped launch the industry. Our values are steeped in a long-standing dedication to the people we serve, and truly differentiate Handyman Connection as a home repair company.

Contact:
Julia Block
Fish Consulting
[email protected]
954-893-9150

SOURCE Handyman Connection

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6 Times You Should Not DIY a Home Improvement Project

HGTV makes everyone feel as if they’re only a couple of power tools away from being home renovation masters. But don’t be fooled. There’s a reason building and construction trades are considered skilled jobs.



a woman wearing a blue dress


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Tackling a home renovation project requires more than an eye for design and the ability to match colors. You also need to understand how the various parts of a structure fit together, and you may even have to (gasp) do some math.

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What’s more, a home improvement project done wrong can be expensive to fix, or even dangerous. Before you end up with a DIY disaster, here are six times when you should probably call in a pro.

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1. You don’t understand what you’re doing

Yes, this seems so obvious, doesn’t it? And yet, some people try to do projects when they don’t understand the mechanics. Perhaps they mistakenly think it will all simply fall into place once they get a bit further into the project.

Don’t assume project instructions will make sense later. Know what you’re doing right from the start. Otherwise, you won’t be able to identify potential problems as they arise. Or worse, you could get halfway through and find you can’t finish.

The same thing goes for tools, especially power tools. If you don’t know how to use something, maybe you shouldn’t be using it.

Failing to heed this advice could result in shoddy work or personal injury. Neither is a good outcome for a DIY project.

2. Someone knowledgeable advises you to get a pro

Maybe you go to the hardware store, explain the project, and the workers raise their eyebrows and say, “Really?”

When someone familiar with

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