Month: May 2016

Avoiding Do It Yourself Disasters.

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MF DIY BlogYou might be the handyman of the house, but common mistakes can take down even veterans of DIY projects. Follow these four steps to avoid pitfalls on your projects.

  1. Plan. Plan. Plan.

You want to make sure you have a step-by-step plan to avoid future headaches. If you attempt to follow an online guide, make sure to read the entirety of the plans so you don’t end up making multiple trips to the hardware store. Think 10 steps ahead so you’re prepared for the end product. Small mistakes can add up and create more problems. Triple check plans, measurements and supplies before starting to avoid mistakes.

  1. Beware the Cheapest Option

It may seem like a deal if an appliance or materials are inexpensive, but most of the time you get what you pay for. Don’t throw good money after bad. Find a reliable product so you only have to do the job once. You’ll end up saving more time and money by avoiding subpar materials for your projects. If it’s worth doing, it’s worth doing right.

  1. Specialty Work May Require a Professional

It might be hard to admit you need help doing jobs around the house, but electric and plumbing work may end up costing you more if you don’t seek advice. You may not need someone to come to your house, but it is beneficial to consult a specialist about your project. They can warn you about potential risks, what won’t work and whether or not you need professional help. Most of the time specialists at local hardware stores will be able to tell you about the difficulty of your task. It helps to bounce ideas off of someone with experience.

  1. Acquire all Necessary Permits

DIY enthusiasts usually tackle larger projects based on success completing less complex projects. Be sure the work you’re doing can be certified because if you plan on selling your home, this will be a concern of potential buyers. Major projects like additions, heating, fencing, electrical, plumbing and window installation usually require permits. Check with a professional to find out if your project requires permits from your city.

 

Mel Foster Color the Quads Raises Over a Quarter of a Million Dollars in Four Years!

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Color the Quads Final Year
Color the Quads Final Year

Mel Foster Color the Quads is pleased to announce its 4th annual 5K Race raised over $70,000 and surpassed its four-year goal to raise a quarter of a million dollars for local charities.

Saturday’s race hit the cumulative four-year attendance mark of 10,000 participants, including adults and children.

Mel Foster Color the Quads had a four-year run in the Quad Cities and reached the following milestones:

2013 – $51,000 donated to two charities

2014 – $61,474 donated to three charities

2015 – $71,880 donated to three main charities and 13 other local charities

2016 – over $70,000 and three charities

Lynsey Engels, president of Mel Foster Co. Brokerage Division and Color the Quads committee chair, said, “We’d like to thank every runner, walker, volunteer and sponsor who helped make this event a huge success over the last four years. It’s remarkable what can be achieved when everybody works together. We know the funds raised this year and in the past help local families in many ways. Our goal was to top the $250,000 mark in our final year, so we’re really excited the community got behind this event and helped us achieve this fundraising milestone.”

Engels added, “Putting on a community event of this size takes a lot of hard work from volunteers. We could not prepare all of the swag bags, set up the kid’s race/5K race routes, color and water stations along the course without dedicated volunteers who generously give their time. Of course there is a large team of volunteers who help on race day to make sure everything goes smoothly for the racers. Mel Foster Co. agents and staff from residential real estate, commercial real estate, insurance and land development were involved in every aspect of this event over the last four years from choosing the charity recipients, obtaining sponsors, volunteering countless hours, promoting and participating in this event and it could not have been pulled off without them.”

During the race’s four-year run, 24 local charities received funds generated through sponsorships and race registration. “These numbers really show how compassionate our community is about backing charities that help children and families. Mel Foster Color the Quads has been a great way to make a significant impact and we appreciate everyone who has played some kind of a role in its success,” concludes Engels.

Charity Summary:

2013 – YMCA Camp Abe Lincoln, Youth Solutions, Children’s’ Therapy Center of the QC

2014 – Child Abuse Council, March of Dimes, Rick’s House of Hope

2015 – Bethany for Children & Families, Gigi’s Playhouse & Hand-in-Hand

13 other charities:

Bettendorf Library, Camp Genesis, Family Resources, Family Museum, Humility of Mary Housing, Kennedi’s Kisses, Living Lands & Waters, Project Renewal, Quad City Botanical Center, Student Hunger Drive, Toys for Tots, Tudi’s Tribe and YMCA.

2016 – Jordan’s Joy, NAMI Greater Mississippi Valley, YMCA Camp Abe Lincoln & Youth Solutions

“Our goal when we started this journey was to provide a unique experience for the Quad City area that was only available in larger cities while raising awareness and funds for charities in the areas we serve.  It speaks volumes for the Quad Cities as a whole that we were able to accomplish this together and serves as a great reminder about what a great place the Quad Cities is to live and work,” commented Engels.

Mel Foster Color the Quads This Saturday in Bettendorf

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Color the Quads is Saturday
Color the Quads is Saturday

Final preparations are underway as Mel Foster Co. prepares for the final Color the Quads charity 5K Run. The race will be held this Saturday, May 21. The 4:00 p.m. 5K starts and finishes near Cumberland Square at 2300 Spruce Hills Drive, Bettendorf. The American Bank & Trust Kids Color Dash, a 400-yard race, is at 11:00 a.m. at Veteran’s Memorial Park in Bettendorf and registration includes an after party sponsored by Tyson Fresh Meats.

Registration is still open at www.colorthequads.com. The 5K registration fee is $40 and all proceeds support local charities including Jordan’s Joy, NAMI (National Alliance for Mental Illness) of the Mississippi Valley, and YMCA for Camp Abe Lincoln and Youth Solutions Programs. The registration fee includes race entry, t-shirt, pre- and post-race parties and a swag bag.

It’s not too late to get the kids into the kids color dash. $20 registration fee includes race entry, t-shirt, pre-race festivities and activities prior to the 11:00am start, post-race party and a sway bag with lot of fun stuff for the kids.

Lynsey Engels, president of Mel Foster Co. Brokerage Division and Color the Quads committee chair, said, “Each year we are amazed at how great the community supports local events and raises money for local charities.  In the last three years, Color the Quad has supported over 24 local charities and we are looking forward to another record total amount raised in our final year.”

“The weather forecast is calling for sunny and warm temperatures, which is a welcome bonus after last year’s cooler than expected temperatures. Saturday is going to be a perfect day to be outside, whether you’re a serious runner or just want to walk with a friend for a little exercise. Every race participant is invited to attend the XPAC pre-race color explosion party where the color packets start to get opened and the racers gear up to start through a sea of orange foam. Participants will enjoy live music on the course as they get “colored” with foam, paint and corn starch. After the race, there’s a great outdoor party sponsored by Tri-City Electric Co. at Cumberland Square. Plenty of food and beverages will be available at no charge to race participants and it’s a fun way to wind down after the race. Tickets for non-participants to attend the after party are just $20 and can be purchased at www.colorthequads.com. It’s an easy way for non-race family and friends to join in without going through the race course,” continued Engels.

Packet pick-up starts Thursday, May 19 from 5-7 p.m.; Friday, May 20 from Noon-6 p.m. and on race day at 9-10 a.m. and 1-3 p.m. at Color the Quads race headquarters, 2304 Spruce Hills Drive, Bettendorf, next to Dollar General in Cumberland Square.

Street closures will start at 3:45 p.m. on Saturday. The route starts in front of the Mel Foster Co. office in Cumberland square, runs north on 18th Street; turn west on Crow Creek Road; turn south on Greenbrier Drive, turn east on Tam-O-Shanter; turn south on South Hampton; turn east on Spruce Hills Drive; last turn is north on 18th Street to finish line. The race map can be found at www.colorthequads.com.

Is Now the Time to Use Your Home’s Equity?

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Home Equity blogThe best way to describe home equity is the amount you have paid toward your mortgage. Every month you pay, you begin to build more equity in your home. It’s possible to then use this equity to acquire a loan from your bank. But how do you know what to use the money for, or even if you should take out the loan?

The number one rule is to use a home equity loan for things you suspect will appreciate in value or generate revenue. For example, training or education makes you more effective in the workplace, and may increase your salary in the long run. Buying rental real estate to become a landlord may increase your income. Smart home improvements can increase the value of your home. These long term investments could potentially make you more money than you spent.

Unwise purchases include clothing, most vehicles, or any frivolous purchases. These aren’t investments which will help your financial situation in the long run. If you use equity for purchases that do not increase in value, you may put yourself in a tight spot. It might be best to hold off on a loan against your equity if you don’t have breathing room to take a potential loss.


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