Online buying boosts ‘touch, feel’ business of home decor furnishings

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Online buying boosts 'touch, feel' business of home decor furnishings

PESO increases pilot projects for home delivery of diesel

Image result for PESO increases pilot projects for home delivery of dieselThe Petroleum and Explosives Safety Organisation (PESO) has increased pilot projects for home delivery of diesel.

In April 2017, oil minister Dharmendra Pradhan had said that the government is looking at options to deliver diesel at doorstep. More than a year later, three pilot projects are being run by the oil marketing companies (OMCs) such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) in cities like Pune, Rewadi and Navi Mumbai.

CNBC-TV18 learns that the PESO has doubled the license for doorstep delivery of diesel from 24 to 50. The government is not happy with the OMCs as they are yet to submit a proposal on a full rollout of these schemes.

The government is eager to expedite the full rollout of diesel home delivery, which will initially target high consuming diesel dependence like shopping malls, genset owners and transportation business.

[“source=gsmarena”]

Common errors made on home renovation projects


Overzealous homeowners may see a renovation project in a magazine or on television and immediately think they can do the work themselves. Unless you have the tools and the skills necessary to do the work, tackling too much can be problematic. - 123RF
Overzealous homeowners may see a renovation project in a magazine or on television and immediately think they can do the work themselves. Unless you have the tools and the skills necessary to do the work, tackling too much can be problematic. – 123RF

Home improvement projects can turn a house into a home. Homeowners plan scores of renovations to transform living spaces into rooms that reflect their personal tastes and comforts.

But homeowners going it alone may find things do not always go as planned. In fact, a Harris Interactive study found that 85 per cent of homeowners say remodelling is a more stressful undertaking than buying a home.

But homeowners about to embark on home improvement projects can make the process go more smoothly by avoiding these common pitfalls.

Failing to understand the scope of the project

Some homeowners don’t realize just how big a commitment they have made until they get their hands dirty. But understanding the scope of the project, including how much demolition and reconstruction is involved, and how much time a project will take can help homeowners avoid some of the stress that comes with renovation projects.

For example, a bathroom renovation may require the removal of drywall, reinforcement of flooring to accommodate a new bathtub or shower enclosure and the installation of new plumbing and wiring behind walls. So such a renovation is far more detailed than simply replacing faucets.

Not establishing a budget

Homeowners must develop a project budget to ensure their projects do not drain their finances. If your budget is so inflexible that you can’t afford the materials you prefer, you may want to postpone the project and save more money so you can eventually afford to do it right.

Without a budget in place, it is easy to overspend, and that can put you in financial peril down the line. Worrying about coming up with money to pay for materials and labour also can induce stress. Avoid the anxiety by setting a firm budget.

Making trendy or personal improvements

Homeowners who plan to stay in their homes for the long run have more free rein when it comes to renovating their homes. Such homeowners can create a billiards room or paint a room hot pink if they so prefer.

However, if the goal is to make improvements in order to sell a property, overly personal touches may make a property less appealing to prospective buyers. Trends come and go, and improvements can be expensive.

If your ultimate goal is to sell your home, opt for renovations that will look beautiful through the ages and avoid bold choices that may only appeal to a select few buyers.

Forgetting to properly vet all workers

It is important to vet your contractor, but don’t forget to vet potential subcontractors as well. Failing to do so can prove a costly mistake. Contractors often look to subcontractors to perform certain parts of a job, and it is the responsibility of homeowners to vet these workers.

Expecting everything to go as planned

Optimism is great, but you also should be a realist. Knowing what potentially could go wrong puts you in a better position to handle any problems should they arise. The project might go off without a hitch, but plan for a few hiccups along the way.

Overestimating DIY abilities

Overzealous homeowners may see a renovation project in a magazine or on television and immediately think they can do the work themselves. Unless you have the tools and the skills necessary to do the work, tackling too much can be problematic. In the long run, leaving the work to a professional may save you money.

Home improvements can be stressful, but homeowners can lessen that stress by avoiding common renovation mistakes.

[“source=forbes]

Chase and Pinterest Uncover What Home Renovation Projects & Trends Consumers Care about Most

Image result for https://www.businesswire.com/news/home/20181109005509/en/Chase-Pinterest-Uncover-Home-Renovation-Projects-Trends

“For the second year in a row, Millennials make up the largest group of homebuyers, seeing the value of this smart investment,” said Amy Bonitatibus, Chief Marketing and Communications Officer for Chase Home Lending. “And many are jumping into plans to take their fixer-uppers and turn them into their dream homes. Nearly 95 percent of the Millennials said they planned some kind of renovation in the next three years. We meet with this generation of homebuyers every day to provide expert advice on purchasing and financing improvements.”

Jon Kaplan, Global Head of Partnerships, Pinterest, said, “Chase and Pinterest have similar missions in helping people make their dreams a reality. The partnership between our companies on the Chase Dream Boards visual interactive experience demonstrates the way in which we’re able to offer personalized recommendations that deliver unique value and guidance to potential home renovators. We’re excited to continue growing our partnership with Chase and look forward to bridging the gap between inspiration and action for Chase customers.”

“Whether starting a long-awaited bathroom remodel, or revamping your outdoor space just in time for the summer, collaborating with a trusted advisor throughout the home renovation process is so important,” said Drew Scott.

“By working side-by-side with homeowners, Chase is making it easier for customers to understand how to build home equity and create the home of their dreams,” said Jonathan Scott.

According to the National Association of Realtors, in 2017, 89 percent of Millennial buyers bought a previously-owned home, which are often more affordable in the initial purchase, but also require improvements. Buyers are turning to Pinterest for inspiration surrounding projects big and small, with budget-conscious DIY projects—rooted in practicality—up as much as 300 percent from just one year ago. And projects like a closet overhaul are increasing over 7,000 percent in year-over-year search results.

The data shows that those homeowners looking to remodel are regularly searching Pinterest for creative inspiration and action, but are also actively considering important factors such as financial planning. These Pinterest users are more than 1.5 times as likely to search for topics on budgeting.

[“source=TimeOFIndia”]

Senior living societies a home away from home for elderly

Kiran Gupta, 62, lived in an old-age home for 5 years before moving to a senior living society, and finds the facilities much better here. Photo: Pradeep Gaur/Mint

Kiran Gupta, 62, lived in an old-age home for 5 years before moving to a senior living society, and finds the facilities much better here. Photo: Pradeep Gaur/Mint

In 2013, Kiran Gupta wound up her business and shifted to an old-age home in Jaipur after her two children got settled. While initially things were okay at the old-age home, over the years the quality of services deteriorated and she found it difficult to stay there. Gupta, now 62, discussed the problem with her daughter, who did some research and zeroed in on a senior living housing society, Utsav Senior Living, in Bhiwadi, Haryana. Gupta, whose husband died 25 years ago, shifted there in August 2018.

“Food quality deteriorated a lot at the old age home, maintenance was low, very little assistance was available and the behaviour of the staff and organisation head was unpleasant. Compared to the old-age home, things are much better here. The facilities, amenities and the overall environment is much healthier,” said Gupta.

Pawan Bagga, 73, shifted to Ashiana Housing’s senior living project Nirmay in Bhiwadi, Haryana in July 2018. “Someone told me about this place, and I discussed the option with my children and we came to check it out. I got very impressed with the friendly and comfortable environment here and decided to live here,” said Bagga. Her husband died eight years ago. She has a son living in Australia, another in Himachal Pradesh and a daughter in Delhi. Bagga doesn’t like to travel too far, but often visits her daughter in Delhi.

Like Gupta and Bagga, more and more Indians are considering staying in senior living societies after retirement.

Read: Monetise physical assets to raise cash in your old age

The demand

Indian families are getting smaller, with children exploring job options in other cities and countries.

Moreover, there is an increase in number of elderly population in India. According to a recent report, Indian Senior Care Industry 2018, by the Confederation of Indian Industry (CII), “In about 30 years from now, the elderly population in India is expected to triple from 104 million in 2011 to 300 million in 2050, accounting for 18% of the total population in 2050.”

Pawan Bagga, 73, liked the friendly and comfortable environment of the senior living community she went to check out and decided to shift. Photo: Pradeep Gaur/Mint

Pawan Bagga, 73, liked the friendly and comfortable environment of the senior living community she went to check out and decided to shift. Photo: Pradeep Gaur/Mint

In this scenario, the senior living real estate industry in India is witnessing a huge demand, which is going to only increase over the years. This points to a significant growth prospect for the industry. “If we look at the present scenario, there are only 20,000 units of senior living available, while the current demand is of around 230,000 units,” said Mohit Nirula, chief executive officer, Columbia Pacific Communities, a developer of retirement communities with close to 1,600 residential units under management in five cities in southern India.

The supply

With demand on the rise, real estate developers are gradually foraying into this mostly untapped segment. The ongoing slowdown in the overall housing market is also leading developers to focus on end-user products, including senior living societies.

Real estate developers such as Tata Housing, Paranjape Schemes, Ashiana Housing, Adani Realty, Silverglades and Brigade already have residential societies targeting seniors. Currently, there are 37 firms into senior living housing, according to the CII report. Apart from established developers, other business groups are also getting into this segment. For instance, Antara Senior Living, Dehradun, is a senior living community by Max India Ltd. “Considering the success of our senior living project in Dehradun and demand in the segment, we are going to launch another senior living housing project in Noida in a couple of months,” said Renuka Dudeja, head of marketing and communications, Antara Senior Living.

[“source=TimeOFIndia”]

DIY home improvements can save cash, but they’re not without risks

Smiling woman drinking coffee on paint drop cloth

Hero Images | Hero Images | Getty Images

Going the do-it-yourself route on your next home repair or remodeling project could cut costs substantially — that is, provided you’re really as handy as you think.

Consumers have DIY-ed some 113 million home improvement projects in recent years, according to a new NerdWallet analysis of Census Bureau data.

NerdWallet looked at data from the Census Bureau’s biennial American Housing Survey, which last polled consumers in 2017 on home projects completed “in the last two years.” NerdWallet and The Harris Poll also surveyed 2,001 U.S. adults, including 1,353 homeowners, earlier this fall.

Younger homeowners were more likely to tackle projects on their own, with those ages 25 to 29 DIY-ing 59 percent of the time. That could be because student-debt-laden millennials are more apt to find the homes in their price range need work, or because they can’t afford to hire out those improvements, said Holden Lewis, a home expert with NerdWallet.

“The younger you are, you tend to be making less money and have less savings, and so you’re doing a lot yourself,” he said.

[“source=TimeOFIndia”]

3 DMV entrepreneurs took home cash prizes at Lyft’s inaugural pitch competition

Lyft Pitch winners and judges.

(Photo by Daniel Swartz)

Lyft‘s first pitch competition drew more than 200 attendees to watch eight finalists pitch to a panel of judges for a chance to win $30,000 in cash prizes to help scale their businesses.

Lyft Pitch was hosted at the Blind Whino SW Arts Club in Washington, D.C., on Nov. 15 and featured cocktails, mingling, 12 vendors who are also entrepreneurial Lyft drivers and lots of donuts and food trucks from The Big Cheese, DC Slices, DC Empanada, and Astro Doughnuts & Fried Chicken.

Technical.ly DC previously reported on the eight entrepreneurial Lyft drivers who are working with the rideshare company to fuel their own separate businesses. The expert panel of judges included Woody Hartman, VP of global operations at Lyft, Steven Scebelo, VP of business development and licensing at the NFL Players Association, Stephanie Thomas, executive director at the Washington Area Community Investment Fund, Cullen Gilchrist, founder of Union Kitchen and Eileen Fagan, VP, solutions development and operations at Intuit.

Each entrepreneur had three minutes to pitch and three minutes of questioning from the judges.

Joe Himpelmann of Aspen Hill, Md., took home the grand prize of $15,000. His company, Assault Forward, sells pride of service accessories (lapel pins, cuff-links, tie-bars, etc) for veterans and patriotic Americans. Himpelmann said Assault Forward was just being conceptualized a year ago and now the company is taking home first place in its first pitch competition.

“Veterans are a valuable part of our community,” Himpelmann said. “We bring experience and skills that may be unique to the general civilian population. Hire veterans, that’s the best way to honor them.”

The reverse American lapel pin was Assault Forward’s first product when the company launched its site in March 2018. Himpelmann and Assault Forward are currently participating in WeWork‘s Veterans in Residence program in partnership with Bunker Labs, which provides space, services, business mentorship and community to help veterans and military family members starting a business, as previously reported by Technical.ly DC.

Himpelmann told Technical.ly that the funds will be put toward meeting more veterans face-to-face and online.

Ricky Organek of Fairfax Station, Va., whose company 2ndLyfe Waste Solutions ​​d​iverts and repurposes 75 percent of the garbage destined for the landfill and gives it a second life, won second place and a cash prize of $10,000. Organek said he spent about 10 years altogether building his company to what it is today.

“It’s a combination of persistence and not giving up. You’re balancing on the edge of a sword and it’s not whether or not you fall off, it’s about how much pain and how much rejection you can endure, and still stay on the course to fulfill your dreams,” Organek said. “You’re either building your dream or building someone else’s,”

Organek told Technical.ly that he will use the funds to buy a 28 acre lot of land so he can scale what he’s already doing with his business on a quarter of an acre of land.

Chris Cooke of Virginia Beach, Va., won over the crowd and received a cash prize of $5,000, sponsored by Intuit. He created Trucket, a mobile app offering users the ability to request a truck on demand for moving and hauling needs. It also provides a local marketplace to buy and sell furniture. Cooke told Technical.ly that this was Trucket’s first try at a pitch competition and that the winning funds will go toward marketing for the launch of the Trucket app at end of the year.

All of the winners said they will continue to drive for Lyft as they continue to grow their companies.

[“source=cnbc”]

Abington veteran receives home renovation as part of Operation Legacy Service Project

Abington veteran receives home renovation as part of Operation Legacy Service Project

The Travis Manion Foundation (TMF) and Entercom recently teamed up for an Operation Legacy Service Project to renovate Iraqi War veteran Matthew Renner’s home in Abington.

Each April and November, the Travis Manion Foundation organizes Operation Legacy Service Projects, which unite communities for a common cause through volunteer-led service opportunities. Under this umbrella, Entercom and TMF joined forces to unite home improvement partners to donate their services in renovating Renner’s home.

Volpe Enterprises, based out of North Wales, removed an old roof and installed a brand new CertainTeed Integrity Roof System.

All Seasons Comfort Control, in partnership with American Standard Heating & Air Conditioning and Ferguson HVAC, supplied the Renners with a brand new high-efficiency furnace and cooling unit, new ducting and a new digital thermostat.

Employing Bricklayers Association and Bricklayers Allied Craftworkers Local No. 1, in partnership with Dzwil Contracting and Haye Construction, with the help of EP Henry and its HeroScaping program, provided a brand new backyard, patio and retaining wall.

Renner is a third-generation military enlistee. In 2002, he enlisted, serving two tours in Iraq as a machine gun turret gunner. While serving in Ramadi during his second deployment, Renner’s placement atop his unit’s Humvee put in him in danger during an IED explosion. As a result of his injuries, Renner required eight surgeries and medically retired in 2008. He was awarded two Bronze Stars and a Purple Heart for his service.

[“source=cnbc”]

Does RERA empower home buyers to complete stuck projects themselves?

Setting a precedent, the Uttar Pradesh Real Estate Regulatory Authority (RERA) for the first time has decided to consider a proposal by defrauded homebuyers to take over and complete a project in Noida that has been delayed by several years. While this is a great move and may set the trend for other homebuyers in stuck projects, arranging funds to complete construction could still pose a challenge, say real estate experts.

UP RERA for the first time has asked over 700 home buyers of Subhkamna Tech Home to come up with a proposal to complete the project they had invested in and get the consent of at least 60 percent buyers within 10 days, Balwinder Kumar, Member of UP RERA bench told Moneycontrol.

The project was due for delivery in 2014. Almost 70 percent of the work on the towers is complete and buyers have claimed they have paid about 80 percent of the amount. The project is located in Sector 137, Noida.

“If the homebuyers are able to get about 60 percent members of their association to agree to the proposal, we will get it examined by the financial consultant of Noida Authority Currie & Browne. The consultant will then discuss it with the concerned stakeholders such as Noida Authority. Once the financial consultant gives its approval and agrees that the homebuyers have the capacity to complete the project and arrange for finances, then we will have no problem in giving them permission,” Kumar said.

[“source=cnbc”]

Does RERA empower home buyers to complete stuck projects themselves?

Setting a precedent, the Uttar Pradesh Real Estate Regulatory Authority (RERA) for the first time has decided to consider a proposal by defrauded homebuyers to take over and complete a project in Noida that has been delayed by several years. While this is a great move and may set the trend for other homebuyers in stuck projects, arranging funds to complete construction could still pose a challenge, say real estate experts.

UP RERA for the first time has asked over 700 home buyers of Subhkamna Tech Home to come up with a proposal to complete the project they had invested in and get the consent of at least 60 percent buyers within 10 days, Balwinder Kumar, Member of UP RERA bench told Moneycontrol.

The project was due for delivery in 2014. Almost 70 percent of the work on the towers is complete and buyers have claimed they have paid about 80 percent of the amount. The project is located in Sector 137, Noida.

“If the homebuyers are able to get about 60 percent members of their association to agree to the proposal, we will get it examined by the financial consultant of Noida Authority Currie & Browne. The consultant will then discuss it with the concerned stakeholders such as Noida Authority. Once the financial consultant gives its approval and agrees that the homebuyers have the capacity to complete the project and arrange for finances, then we will have no problem in giving them permission,” Kumar said.

[“source=cnbc”]