Homeownership & Daycare

homeownership & daycare
Home Ownership & Daycare

Homeownership & Daycare

For most, owning a home is more than just having a place to sleep or having a roof over their head. It’s much more, Homeownership for some symbolizes that you have “made it” in life and have achieved the huge feat of making the American Dream come true.

Yes, owning a home today is an essential part of the American dream and it conveys several economic benefits, like having access to credit, the ability to accumulate wealth, building home equity, the ability to reduce your taxable income with the mortgage interest deduction, and finally the ability to start gaining long-term savings vice the cost of renting your residence. 

Homeownership is much more than the American dream… or is it?

Having a Home residence can indeed be an asset for family’s today and can lead one to a path of greater financial future. Yes, homeownership has many perks, however, there are some extra and unexpected expenses you much watch out for.

Novice buyers find out quickly and are shocked by the real costs of homeownership and by how much they really take out of our wallets. In addition to their mortgage payments, the true cost of owning a home and property involves a multitude of hidden expenses.

The first three homeowner costs are purely financial; the others only will add to your money woes and can cause extra stress to homeowners who are now responsible for the many repair and maintenance costs for the home. Now let’s take a look at the most common homeowner costs and how you can deal with them.

#1 Property Taxes              

property taxes
Property Taxes

Once a homeowner, you’ll need to pay property taxes for the lifetime of owning your home.  Property taxes are basically a guaranteed payment made in perpetuity at the homeowner’s expense. Although, you don’t have much say in how much your taxes are as with any tax, but you should know there are some strategies that exist so you can possibly lower them.

So be careful where you decide to live because it is not the bank that determines your property tax, it is the township, city, or county where your home is located. These taxes are considered ad valorem, which means they are assessed according to the value of your property and can easily total $500 to $1,000 or more a month.

#2 Homeowners’ Insurance

Homeowners Insurance

Homeowners insurance is not an unexpected expense for a homeowner.  Mortgage companies and banks require the insurance before they approve your loan, and the premiums are normally included in your monthly mortgage payment. Most often, homeowner’s insurance premiums like your property taxes are paid from your escrow account. Note: Bear in mind that insurance premiums can and often do, rise annually—or if you increase your coverage to reflect the rising value of your property or home possessions.

#3 HOA / Condo Fees         

HOA Fees
HOA Fees

If you buy a home residence within a homeowners’ association (HOA) or a condominium association, you will be required to pay a monthly, quarterly, or annual fees. These fees often include costs for things that benefit the entire neighborhood, like community pools, garbage collection, or snow plowing services, if your association has contracted with a private company to perform these services.

Note:  HOA fees can rise, or the association may need to charge a special assessment for projects, such as repaving the parking lot, installing a new security system, or revamping common areas or buildings in your community. 

Hidden Home Expenses – Repairs & Maintenance

The Roof

Unexpected Roof Repairs
Unexpected Roof Repairs

Water is your home’s #1 enemy, and your home’s roof primary job is to keep the water out. Homeowners must always on the lookout for a leaky roof which can cause damage to the inside of a home and, depending on how severe the leak is, can destroy your belongings inside, cause health problems from mold, or other costly structural issues.

It’s important to know, that most roof damage usually results when shingles, soffits, and fascia become loose, cracked, damaged, or are blown off by high winds. However, Mother Nature and a huge hailstorm can severely damage your roof and require repair.  Note: The home average roof asphalt shingle will need to be replaced every 15–20 years.

HVAC Systems        

HVAC system maintenance
HVAC Maintenance

Your Home’s HVAC system which controls the heat, cooling, and the circulation of air throughout the residence is not something you’ll be able to inspect, repair or replace yourself as a homeowner in most cases.

Homeowners should have their HVAC systems inspected at least once annually and budget for it as a reoccurring maintenance expense. Many companies offer service contracts and maintenance plans, that reduce the cost of an annual inspection, offer semi-annual inspection plans, and provide reduced prices on parts/service visits.

Bottom line… HVAC systems are complex and expensive, so homeowners need to perform replacing the furnace/air conditioning filters frequently to help keep the system running efficiently. 

Electrical System       

Electrical System
Electrical System

Electrical Arc faults, faulty wiring, and electrical shorts in the home MUST be corrected as soon as they are detected in the home. 

  • Fact:  Home electrical fires account for an estimated 51,000 fires each year, over 500 deaths, more than 1,400 injuries, and over $1.3 billion in property damage annually.
  • The Electrical distribution system in the home is the third leading cause of all home structure fires.
  • In the United States each year, arcing electrical faults in the home are responsible for starting more than 28,000 home fires, causing over $700 million in property damages and killing/injuring hundreds of people.
  • The U.S. Consumer Product Safety Commission (CPSC) reports that electrical receptacles in homes are involved in over 5,300 fires every year, causing over forty deaths and more than 100 consumer injuries annually.
  • Note: Sixty-five percent of home fire deaths result from fires in homes with no working smoke detectors.

Knowing these facts, its recommended that all homeowners should have a basic understanding of how your electrical system works, to always keep their home and families safe, and to understand their own limitations when electrical problems are present. Home safety should be the #1 goal of any homeowner. 

Bottom line: If the home has an electrical problem, or if you are going to do any remodeling within the home, its recommended to call the pros—who are trusted, trained, and licensed electricians to ensure your home electrical grid is installed properly and in accordance with current electrical codes and safety standards.

Other Unexpected Home Costs

Some costs are truly unknown, uncontrollable, are not covered by your insurance policy and most of the time, will come out-of-the blue as a new costly nasty surprise. Fact: Most homeowner insurance policies do not cover home damage costs that are caused by “Acts of God,” meaning you as the owner, need to purchase extra home coverage to cover the expense of your large oak tree that falls through the roof, or against natural disasters like floods, hurricanes, forest fires, and earthquakes. Additionally, water damages from huge thunderstorms and inclement weather caused by “Mother-Nature” are not covered in a basic homeowner’s insurance policy.

National Flood Insurance Program
National Flood Insurance Program

Unfortunately, this extra insurance is awfully expensive, especially if you live in a flood zone plain. Homeowners can access flood insurance coverage from the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). According to FEMA, the average cost of flood insurance is $707.  However, Flood insurance rates can range between $600-$1500 and vary from home to home based on several factors, including the home:

  • Coverage amounts and type of coverage (federal government or private)
  • Age and build of Home
  • Location and flood zone

Takeaways:

  • Some costs are strictly financial and beyond your control to a large extent: property taxes and homeowners association (HOA) fees.
  • Homeowners insurance can cost more than you expect if you live in a natural disaster-prone area.
  • The costliest part of being a homeowner is the costs of home maintenance, the upkeep and repairs of the roof; the HVAC, plumbing, and electrical systems.

WOW!  Homeownership is expensive…How can I afford homeownership & daycare for my children?

Homeownership & Daycare
Homeownership & Daycare Costs

Childcare costs in many cases are a main reason why some people cannot afford to buy a house.  Daycare today is ridiculously expensive.

This fact, leaves all homebuyers with less money to buy or rent a home due to the rising costs of childcare, according to new insight from Freddie Mac.

The real price of daycare has increased by 49% over the last 25 years, yet the cost of housing has only increased 14% in 25 years.

One of the major challenges, when it comes to affording a home, is the high cost of childcare. Freddie Mac analysis finds that families paying for childcare generally are left with less money for housing, says Sam Khater, Freddie Mac’s chief economist. “Specifically, we find families, on average, pay about half of the median mortgage payment and nearly eighty percent of the median rent.”

On average, a family spends $715 a month and more on daycare, which rises to over $758 when the main parent needing daycare is employed. When families have younger children, the average cost is at $948, and more a month.

In 2011, the average care expenditure for families with children under 5-years-old was 10.5% of their average income.

Families that made less than $1,500 a month who had children under the age of 15 spent an average of 40% of their income on daycare, Freddie Mac reported.

Today, Daycare is less affordable for families than it was a year ago, according to a recent Care.com survey, which showed the cost of care increased last year for two-thirds of families. According to Care.com data, the average weekly daycare cost for one infant child is $199 for a family care center, $211 for a day care center and $596 or more for a nanny.

In conjunction, the average hourly fee for a provider is $8.95 per child, so if you are looking at the medium for five days of care, family daycare services cost approximately $48.44 per day.

According to Childcare Aware of America they state that the 2020 national average cost of childcare in the United States ranges between $9,100 and $9,600 per year across all states and age categories.  At these costs that’s $758.33 – $800 per month.

Childcare Aware of America
Childcare Aware of America

Additionally, according to the Department of Health and Human Services (HHS), childcare is considered affordable if it costs no more than 10 percent of a family’s gross income. Of course, rates vary across the nation and you can see, median family income varies substantially by state – but there are ZERO states where childcare affordability meets the threshold defined by the HHS.  Click here to see the average costs where you live.

Department of Health and Human Services
Department of Health and Human Services

So based on these facts, can families really afford Daycare?  The answer by the majority is NO, but it’s a cost family’s having to bear.  The bigger question is where should you enroll your children for care?

Depending on where you live and the regulations in your state, you may see daycare facilities called any of the following names:

  • Licensed childcare home
  • Licensed group family childcare home
  • Legally exempt or license-exempt home
  • Certified childcare home
  • Registered childcare home
  • Family, friend, and neighbor care

Additionally, the rules in your state for childcare may or may not require the daycare site to be licensed. Licensed providers are required to follow a set of basic health and safety requirements. At these sites licensing agency staff visit these providers regularly to make sure they are meeting required health and safety requirements.

Pooh Bears Daycare in Manassas Park, VA recommends checking your State’s Resources website to find the licensing agency information and a provider inspection reports for your state on childcare. Additionally, when selecting a daycare provider for services, Pooh Bears Daycare professionals offer these tips.

pooh bears daycare
Pooh Bears Daycare – Manassas Park, VA

Tips for Choosing Care

Choosing Childcare
Choosing Childcare
  • When visiting a family childcare provider, ask to see a copy of the program’s license, registration or certification, and inspection history.
  • Confirm if every adult living, working, or volunteering in the family childcare home has had a comprehensive background check.
  • Ask the provider about the number of adults present while your child is there, and make sure that each staff person has received training on health and safety topics i.e., first aid, CPR, safe sleep, administering medication, and child development.
  • Ask about information and activities provided for children and parents.
  • Many family childcare centers offer rich learning environments. Ask your childcare provider to explain the types of activities they have planned and how those activities support your child’s learning.
  • Inquire about the provider’s policies and opinions on discipline, supervision, safe sleep, nutrition, child development, and age-appropriate learning for your child and what learning you may want for your children.
  • Ask for a copy of the provider’s policies and contract. These documents should cover important topics, including hours of operation, rates, fees, field trip permission slips, transportation agreements, vacations, and absence policies.
  • Consider making a list of questions and things to look for that you can take with you when visiting a potential childcare provider.
Homeownership & Daycare
Family Childcare Homes

Many families choose family childcare homes because they like the family environment and the smaller number of children. Home-based programs provide a consistent caregiver for your child, more one-on-one care, and may offer flexible hours if you need care in the evenings or on weekends. Most families with multiple children also like that siblings are cared for together rather than separated into different age groups like large daycare centers. Most importantly, family childcare homes are often less expensive than center-based childcare programs, but rates within your community will vary.

In the end, when choosing the right daycare for your children it is totally up to you. All parents want to find a program that’s convenient, open when you need it, and within their budget. But most importantly, you need a childcare program that makes sure your child is safe, healthy, and excelling at learning.

Pooh Bears Daycare providers know finding childcare can be a difficult task, but offers these tips to help:

1. Start Looking Early

Start looking for childcare as far in advance as you can. No matter what type of care you are considering—a childcare center or care in someone else’s home—finding the right childcare option can take some time.

2. Get Informed & Call

After narrowing down your childcare options in your search for daycare call the provider.  Use resources like ChildCare.gov to find any resources and assistance you may qualify for.  Consider calling local experts—that can give you the additional facts about childcare in your area and a list of childcare options that may meet your needs.

3. Visit & Ask Questions

Visit the childcare programs you are considering, and don’t be afraid to ask questions!

4. Make the Choice

Think about what you saw at each visit and make the best choice for your child and family based on your needs, values, and budget.

5. Always Stay Involved

After finding care the work isn’t over when you find good care for your child. Building a strong relationship with your provider will help your child’s learning and development. Always look for ways to exchange information about your child and have conversations about the providers caregiving and about your child’s learning.

Budget for Childcare Costs

Budgeting for Daycare
Budgeting for Daycare

So how do you find the money? Most must find ways to reduce their costs by looking for everyday ways to save, like cutting the cable at your house. That can usually free up $150–200.  You can scale back on going to restaurants and the local drive-thru convenience. Consider limiting the family to eating out once a week or even twice a month and see how much you can save. Things like subscription services can be cut i.e., the gym membership, food magazine subscriptions, and the wine of the month club.  These budget cutting examples can save hundreds of dollars a month but may be necessary when having children and needing daycare.

Cutting the Cable Bill
Cutting the Cable Bill

It goes without saying, but your budget really needs to support whatever childcare option you pick and can afford.  Having a family and children today is costly.  Most family’s have a budget but when children are born additional budget cuts are necessary to help free up extra cash. But remember, these will have to be permanent budget cuts for them to work. And by permanent, it means the cuts are necessary if you have kids who need childcare.

How do you pay for daycare if you can’t afford it?  Seek Government Assistance Programs. There are federal and state childcare subsidies, also called vouchers or fee assistance, that may help families who can’t afford childcare. You can find more state resources here

Government Assistance Programs
Government Assistance Programs

Facts are that one year of childcare costs more than the average price of in-state college tuition.  So, if you feel like daycare prices are out of this world expensive, you’re not going crazy—you’re right!  Today everything costs and with more families having both parents in the workforce than ever before, the need for childcare and its cost will continue to grow. According to a 2016 study by the Bureau of Labor Statistics, both parents work in 61% of married couples who have children.

Don’t Feel Guilty

You don’t need to feel guilty for being a working parent.  Most parents today need to work outside of the home, and that is okay!  It’s important to remember to don’t look at what you’re leaving behind. Focus on the importance of what you’re doing while at work.  It’s OK to clear your mind and focus on your job tasks for the day. However, when you’re at home after work, it’s time to soak up that valuable time with your family and be fully present in the moment with your child(ren).

Remember It’s Only a Season

Childcare is one of the biggest costs for families in the United States today outside of homeownership and its hidden costs. It’s important to know what resources are available to help with childcare costs no matter where you live.  There are lots of financial assistance programs that offer help in paying for childcare. Due your diligence and check out any options your family may qualify for. 

At the end of the day, remember that you won’t pay high daycare prices for the rest of your life. Unlike Homeownership costs with 30 year mortgages, property taxes, and expensive maintenance costs, childcare costs eventually will end.

1st Day of Kindergarten
1st Day of Kindergarten

It’s been said to consider childcare costs like a season, and it will soon pass. But, before you know it, your children will be in all day school.  And, at that time, you might even feel like you just got a huge raise when you don’t have to shell out money for costly childcare every month!

Do you still want homeownership and think you can’t afford childcare? Think again. You may believe it’s too expensive for your family, but once you explore your options and establish a good budget plan you might be surprised. 

Homeownership & Daycare
Home Ownership & Childcare

Tips to Help Kids on Moving

Tips to Help Kids on Moving
Tips to Help Kids on Moving

Tips to Help Kids on Moving

Moving is stressful for anyone, even when it is a positive change. For kids however, it can be stressful because it is rarely their suggestion or idea to move and they feel powerless.

Here are a few Tips to Help Kids on Moving and to consider preparing children to move that can help minimize their stress. You may not need all of them, but they will help stock your toolbox. For more moving tips, check out this recent post by Julia Weaver. REDFIN BLOG

1. Honor grief

Leaving a house is a loss for everyone. It is important to understand that most kids will be grieving, and parents must let them deal with the stages of grief without trying to force them to be cheerful about the move.

•           Denial – The first stage and you may be surprised to hear your child talk and act like the move is not really going to happening. Don’t worry kids will move to the next stage of grief.

•           Anger – If or when the anger stage hits, your kids may become mad at the very people they love the most, including you… so try not to take it personally.

•           Bargaining – If your child is old enough, you will definitely get this stage: Like You move. I’ll stay here.  That may work for some, but not if your child under the age of 10 or younger. 

•           Depression – This is a delicate stage that comes near the moving date and parents may be low on energy now and make it hard to deal with a lethargic child who may be in tears about moving.  However, when moving acceptance finally comes to will eventually make it easier to handle.

•           Acceptance – Parents must note acceptance and happiness are not the same, so it does not mean everything will be sunshine and smiles. It means there may be a slow transition day by day to deal with some good days to eventually get to better days.

2. Prepare Kids ahead of time

As soon as you know you are considering a move, let the kids know.

Sharing the reasons and process for the moving decision can help build children’s own ability to make difficult decisions, and learn how to evaluate the pros and cons.

Once the decision is made, prepare them for the move, have a printed timeline on the refrigerator, when the house will be listed for sale, when you will visit the new home or location, things will be packed up, where the family will stay during the transition, when they start their new school, and any other information you can add.

Be honest with your kids and talk these things out ahead of time and before the planned move.

3. Read books about moving

There are some great books about moving written for young readers, both fiction and non-fiction.  Stir the Wonder is a good source for learning and books for preschoolers and toddlers.  Great Schools has a great list of books and articles about moving. 

Get advice from military friends.  No one knows about moving and its impact on families like the military family, and they can share lots of great resources. 

4. Let the Children make as many choices as possible

Because when kids feel powerless in the situation, letting them make choices helps.

•           Let them choose which toys to keep out while the house is being sold.

•           Let them choose their new bedroom and new paint color at the new home.

•           Let them choose a name for the new house.

•           Let them participate in meeting the realtors.

•           Allow them to contribute to the list of “new things needed” at the new house. 

5. Try to Make Connections in Advance

Don’t wait until the move to make connections. You may not know the school yet, but you may be able to get tapped in to other types of things similar to organizations in your current location like Boy Scouts, Girl Scouts, martial arts, music lessons, religious communities, dance classes, etc.

6. Make positive memories

It is important to help kids create positive memories they can take with them to the new location. Pictures and videos can help. Have the kids create a photo album of their favorite places, in and out of the home.  Have them make a video for the next family moving in about all the wonders and secrets of their current home and neighborhood.

7. Create a Journal

Creating a Journal is great way to help your children to record their feelings, both positive and negative.  There are great articles online about the benefits of journaling for kids.  Allow the kids journals to be private and it is their secret.  What’s needed?  Not much, buy a cheap spiral or composition book at the Dollar store and let them start writing about moving and their feelings.  Let kids decorate their new journal a cover image with a picture they take or draw of the current home.

8. Prep the continuation of friendships

One of the most wonderful things about today’s internet age is the way it can help us stay in touch with faraway friends.  There are so many ways to keep in touch with friends.  Zoom, Facetime, Skype, Instant Messenger, Facebook, Parlar, Google hangouts, text messaging, and video phone calls all combine make it easy to maintain friendships across the nation and abroad.  Parents should allow their kids to stay connected with old friends while they make new friends.  Friendships can last forever.

9. Let the Kids in on helping to organize

Often kids love organizing projects and allowing them search online for moving tips can be a great way to channel their energy towards making the move. When allowed to be part of the actual organizing of the move can help them make moving more palatable.

Take their ideas seriously and try to incorporate their ideas or tips on moving.

10. Plan the Moving Day

Parents must make an important decision about whether the kids should be there when the moving trucks (or helpers) arrive or not. There is no one right answer.  However, being there can be incredibly exciting.  It can also be helpful for the children to see their house empty and realize that their home is now a shell and the family is taking everything they have to their new home.  Note: It is important to remember that if they are helping on moving day that the kids have a responsibility to do…it can be as simple as overlooking the checklist or to help cleaning up.  Just allowing them to be a part can help a lot with them making the move.

11. Get counseling if needed

Parents there is no need to wait until a huge crisis occurs until you seek some sort of outside intervention.  A session or two with a counselor during the process of the move can be a great preventative measure and help make the move a little easier for the kids and even yourself to make the transition if there are issues before or after the move.

________

care.com

Pooh Bear’s Daycare hopes you find these Tips to Help Kids on Moving helpful to prepare children to move to a new home. Parents it is important to remember that if you and the family are going to move, to be sure to take time for yourself, too. You may have the same challenges as your children in many ways, so be patient with everyone including yourself. Best wishes to you and your family in your new home!

Pooh Bear's Daycare

Back to School

back to school

Back to School

Manassas Park and Manassas Schools are now back to school today 27 August 2018.  Parents is your head hurting already?  We understand… Every year Parents have to manage the unique balancing act during the new school year.  Your Kids might not yet be excited to going back to school but, these schedule changes often leave you as parents struggling to find full day daycare and even after-school child care. The hours between 3 p.m. and 6 p.m. each day are even more challenging for parents, as they try to fill the gap between the end of the school day, the end of their work day and the daily commute to work and back home each day.

school bus

The problem is “There is no ‘one size fits all’ child care program,” but Pooh Bear’s Daycare in Manassas Park, VA can help solve some of these problems.  Give us a call today @ (571) 217-8694, our spaces available are limited but we still do have some room for you.  We’re open Monday – Friday, 6:00 am – 6:30 pm, Our rates are affordable, and we have just what you need for your daycare, child care, fix to your school year problem.

 

 

 

Top Rated Day Care Near You!

Top Rated Daycare Near You

Top Rated Daycare Near You – Manassas Park, VA

2018/2019 Limited Spaces Available, Secure Your Child’s Spot Today – Full Time / Part Time Affordable Day Care Rates Starting as low as $7.50 hr.

Conveniently Located near the VRE Manassas Park Railroad Station and Generals Golf Course.  Our Family Home Daycare is open Mon – Fri, 6:00 am – 6:30 pm and open year-round, offering a nurturing and loving environment where your children will meet new friends, learn quickly and have lots of fun.

Schedule a Visit Now to Learn More!
9408 Jack Dr., Manassas Park, VA 20111.  Ph: 571.217.8694


Pooh Bear's DAYCARE

Senior Home Care Manassas Park

Senior Home Care Manassas Park

Senior Home Care Manassas Park

Pooh Bear’s Daycare offers in Home Senior Care Services in Manassas Park, VA and the surrounding Manassas area.  Our Senior Home Care services offer many different types of in-home health care service that can be individualized to meet the needs of your family members. Call us at (571) 217-8694 for a free consultation to learn how senior home care can benefit your family today.

Our Senior Home Care Manassas Park services are new to the local area but our professional staff has been delivering in-home care for more than 30+ years. All of our highly trained CAREGivers have comprehensive training and experience to deliver individualized care with compassion.

Serving Manassas Park and the Manassas, VA surrounding area with dependable caregivers and warmhearted private duty home health care services for your family’s loved ones.

Pooh Bear's Daycare  pooh bears daycare facebook

 

Services Offered:

  • ​Personal Care​
  • Companionship Care
  • Resp​​ite Care
  • Meals & Nutrition Preparation
  • House​hold Duties
  • Transportation Service
  • Hos​pice Care Support Services

 Call (571) 217-8694 now for more details.