Reading Eagle, Monday, February 8, 2016
A new club to help people better understand the ins and outs of owning a home has formed in Pottstown and is looking for members.
The Tri-County Home Buyers Club is a means for Pottstown-area residents to learn more about home ownership. The club meets monthly to discuss topics such as how to finance a home, debt management, closing a deal and more. Meetings will feature speakers with tips on key aspects of owning a home.
“One month we might have a home-improvement professional come in and talk about what projects you can do yourself or what you might want to get done professionally,” said Matthew Green, a real estate professional involved with the club.
The club’s first meetings were held Jan. 20. The next meetings will be Feb. 17 from 12:30 to 2:30 p.m. at Ricketts Community Center, 640 Beech St., and from 6:30 to 8:30 p.m. at Victory Christian Outreach Center, 28-30 N. Washington St.
About 58 percent of Pottstown’s housing stock is rental properties, Green said, noting that many people don’t realize that buying a home is easier than they might think.
“So, over half the people in Pottstown are renting, and the rents are high,” he said. “We are showing people that a $60,000 property can be bought for $700 (per month) when that same house can be rented for between $1,100 and $1,400.”
Currently, club meetings are free, but organizers expect to eventually charge a $25 annual membership fee to offset costs of refreshments, copies of handouts and other expenses.
“They can come to this club a few times for free, but those who decide to stay and get ongoing support would get a membership card,” Green said. “The card will actually get them deals at various places downtown.”
At the meetings, organizers will work with club members on ways to improve credit scores and to save and invest money. The meetings also serve as forums for homeowners to socialize and share experiences with one another.
Laura Mabery, club executive director, said the first 20 minutes of each session will be allotted for professionals to speak, followed by about a half-hour for questions. Club members also can meet one-on-one with the professionals.
Contact Gabbie O’Grady: 610-371-5021 or via email.