Making the Quality Connection: Update

Industry experts from around the country convened a roundtable to address the insurance crisis a few years ago and now is a good time to reflect on our progress in response to their innovative proposals.  One objective of particular interest to our business was “To educate consumers about t heir responsibilities for maintaining quality housing”. This action plan was recommended:

• "Develop a homeowner guide that sets forth obligations and practical advice for maintaining their homes."
• "Provide an easy and efficient way for homeowners to report regular maintenance to their builder as a part of keeping their warranty (or their extended warranty) current."
• “Identify sponsors to work with the industry to develop a guide that includes necessary maintenance actions and is credible with the new home buying public.”
• “Link new homes and their maintenance history to the builder’s warranty records for the same new home.”

Partly in response to these recommendations several companies have launched the programs to the increase homeowner’s accountability for maintaining quality housing.  The industry continues to make progress by adding new features such as email reminders, web services, and maintenance tracking tools to help our clients keep homebuyer’s accountable for their maintenance activities. View Report from HUD. PATH and the NAHB Resource Center

Comments

[rehab]

What affects how quickly your home sells more: number of photos in the multiple listing service (MLS) or price? I recently did a regression analysis to find out. Surprisingly, the strongest correlation is between how long it takes to sell your house and the number of photographs you have in the MLS (email me and I’ ll send you the MS Excel data).