Alban Home Inspection Service

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Credit vs. Borrowing

Testing, One Two
...continued from page 2

test the outlet, push the reset
button, then plug an ordinary
night light into the GFCI and turn
the light on. The light should glow.
Then push the test button, which
should turn the night light off. It
should turn on again when reset is
pushed.
If the reset button pops out during
the test, but the light remains off,
the GFCI is not properly wired and
is not suitable protection. It could
also be damaged.
The homeowner should also take
note of the GFCI outlet in his
circuit breaker box. This should
shut off the electricity in case of a
ground fault, and should be
tripped if a circuit shorts or if there
is an electrical overload.

Since most homeowners pay for remodeling or repairs with credit cards, whose high rates aren't heavily affected by interest-rate increases, and cash rather than by taking out loans, higher borrowing costs actually may prompt more homeowners to stay in their residences longer, making it more likely they will do work on their homes. Encouraging more remodeling.
Source: Bottom Line

Note: This newsletter is for informational purposes only. When getting involved with a project, please work within your ability. If you need help with a contractor or with any other home-related issue, please contact Alban Home Inspection Service with any questions. Thank You.

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*Free Inspection Program If Sale Does Not Close
*
For Residential owner-occupied contracts under $400,000.00. Restrictions apply. Call for details.


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