Tag: why did home improvement get cancelled

Middletown man faces 2 home improvement fraud charges

Posted on By Kartika
Home Improvement

Joseph Jenkins, 56, of Middletown was arrested last week following an investigation into home improvement fraud.

On October 17, 2022, an officer from the New Castle County Police Division was dispatched to a residence in the Village of Bayberry North community in the Middletown borough. A 41-year-old man reported that he paid Jenkins to complete renovations to his residence. He reported that Jenkins made an offer of $18,625.00 with an initial deposit of $8,000. The victim paid $8,000. However, no work was carried out, despite multiple investigations, police said.

After further investigation, Jenkins was arrested and charged. with one count of home improvement fraud crimes. Jenkins was also charged on a separate felony home improvement fraud warrant stemming from a 2019 investigation. Jenkins was charged, with bail set at $12,000. Jenkins was then taken to the Howard R Young Penitentiary, Wilmington.

Police are not ruling out additional victims. Any individual

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The most popular home projects are not the ones with the best returns

Posted on By Kartika
Home Improvement
Millennial homeowners shift toward renovating instead of selling, says BofA's Liz Suzuki

Most homeowners are planning to remodel at some point down the road, but not everyone will get their money’s worth in improving home value.

Of all home improvement projects, the most popular are sparkling bathroom overhauls, according to newly released data from the Contractor Growth Network, followed by big-ticket kitchen and basement renovations.

In some cases, homeowners may get that money back when it’s time to sell, but more often, these home renovations rarely bring a great return.

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Overall, homeowners are getting just a 60% return on their renovation investments, according to a separate Cost vs. Value report from Zonda Media, a housing market research and analytics firm.

The projects offering the greatest returns in resale value are not new kitchens and baths, but rather projects

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The Benefits Of Working With A Professional Home Improvement Contractor

Posted on By Kartika
Home Improvement

A home renovation project can be challenging for any home owner, especially if it’s their first time. While some homeowners try to tackle most of the do-it-yourself (DIY) work to cut down on costs, it may not always yield the best outcome.

Related Post: How To Choose The Best Flooring Contractor For Your Home in New York

Depending on the scale of the renovation or remodeling project, working with a professional contractor may be a practical move. Doing so ensures that the project is done right from the start. Even if you have some experience, employing the services of a professional company will provide you with peace of mind, knowing that a team of skilled and experienced professionals will oversee the project.

Understanding The Role Of A Professional Home Improvement Contractor

Hiring the services of a professional remodeling contractor brings several benefits. If you are still hesitant to hire one,

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Lowe’s annual cuts forecasts as home improvement demand falters

Posted on By Kartika
Home Improvement

By Deborah Mary Sophia

(Reuters) -Lowe’s Cos Inc cut its annual sales and profit forecasts on Tuesday, joining larger rival Home Depot in highlighting wanting demand for home improvement tools with sticky inflation forcing consumers to cut back on discretionary spending.

Still, the shares reversed premarket losses and were up 2% in morning trading. Analysts said the results were not as bad as feared after Home Depot’s gloomy outlook last week.

A shift in spending to services, falling lumber prices and a damp start to the Spring season also squeezed sales against the backdrop of inflation-wary consumers pausing larger projects and scouting for cheaper options even for small-scale renovations.

Some customers were ditching preferred brands for more affordable labels while others were picking substitutes of lower quality or moving to cheaper countertops, said Bill Darcy, CEO of trade group the National Kitchen & Bath Association.

Lowe’s forecast cut was smaller

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How to buy now/pay later renovating loan home improvement market | Payment Source

Posted on By Kartika
Home Improvement

Major renovations that cost thousands of dollars are usually not impulse purchases. But the home improvement industry still welcomes the speed and convenience that made buy now/pay later loans popular.

The US home improvement industry will reach $600 billion by 2025, according to Statista. Bigger fees come with bigger risks, which in turn adds friction to the financing application process. But as a BNPL loan gradually revolutionizing consumer financethe opportunities for BNPL specialists to bypass traditional private label credit card home improvement financing – including through wholesalers such as Home Depot and Lowe’s – are huge, according to observers.

While the credit card industry hasn’t taken a hit from BNPL loan growth, US consumer data shows that alternative financing vehicles are gaining momentum, said Jason Barro, partner at Bain & Co. and the founder of NPS Prism, a three-year-old. a benchmarking platform that uses extensive consumer data sets to

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Millions of dollars in grants announced for the Hawaiian Home Lands project

Posted on By Kartika
Home Improvement

The Hawaii Department of Homeland recently announced it will award 23 grants to 14 organizations. $8.5 million will help fund programs, services, projects, and facility improvements at Hawaiian Home Lands throughout the state.

It’s part of the department’s Native Hawaii Development Program Plan. The program’s goal is to enhance the well-being of Native Hawaiians through educational, economic, political, social, cultural and other services.

Grants to help upgrade existing facilities at Hawaiian Home Lands include $1 million for the public charter school Ka Waihona O Ka Naʻauao in Nānākuli for kitchen and cafeteria renovations. And another $1 million will be donated to the Molokaʻi Homestead Farmers Alliance for repairs to the toilets and sewer system at the Lanikeha Community Center.

Ke Kula Nui O Waimānalo is one of the recipients of grants given for programs and services in the guesthouse. The nonprofit plans to use $500,000 to support its aquaponics program

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Ontario Smart Energy and VaultPay Partner to Drive Innovation in Smart Energy Market.

Posted on By Kartika
Home Improvement

TORONTO, ON / ACCESSWIRE / May 8, 2023 / Ontario Smart Energy (OSE), a leading provider of sustainable energy solutions, has announced that it has secured lending from VaultPay, a leading financial lender for home improvement. The financing will enable OSE to accelerate its clean energy projects and expand its footprint in the renewable energy market.

Ontario Smart Energy, Monday, May 8, 2023, Press release picture

Ontario Smart Energy, Monday, May 8, 2023, Press release picture

OSE is committed to developing sustainable energy solutions that reduce carbon emissions and support the transition to a low-carbon economy. The company specializes in providing turnkey solutions for solar power, battery storage, and energy efficiency projects. OSE’s projects help residential communities reduce their energy costs, improve their energy efficiency, and contribute to a more sustainable future.

The partnership with VaultPay will allow Ontario Smart Energy to offer even more financing options to its customers. VaultPay is a leading financial lender for home improvement projects,

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