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Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts

CNN Money Reports Home Building Spikes Higher

CNN reports this morning that home building has spiked to its strongest level in almost two years.  Contributing factors are record-low mortgage rates and a surge in construction of apartments and condominiums.


Housing starts shot up to an annual rate of 685,000 in the month, up 9.3% from October and 24.3% higher than a year earlier. Building activity easily topped predictions of 627,000 starts economists surveyed by Briefing.com were expecting.

Building permits, a closely-watched reading that is less affected by weather than actual starts, also shot up, rising 5.7% from October and 20.7% from the year before to 681,000 homes annually.

"By historical standards, homebuilding activity is still very depressed, but at least it appears to be on an established upward trend," said Paul Diggle, property economist at Capital Economics.

Read the full article here.

New Hampshire home building activity has increased, too, as Bonin Architects & Associates have noticed in the Lake Sunapee area.  Many homeowners are getting a head start on the spring building season by starting the home design of their cottage remodel and cabins with Bonin Architects over the winter months. 
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Design Your Home Before You Find Property?

Once you decide to build a home, it’s hard not to think about it.  There are many design elements to consider, and your architect will guide you through the decision-making process.  Some of these you can decide on before you find the perfect piece of property; however, there are some decisions that will be influenced by the characteristics of your land.


Design elements to think about before you find property:
  • Specialty rooms for hobbies or activities;
  • The number of bedrooms and bathrooms you will need;
  • Storage space requirements;
  • Design details such as a gas fireplace vs. wood;
  • The theme of your interior design (colors, light, textures)

Wait until you find your land to determine these design fundamentals:
  • The home’s size and number of stories:  site or local restrictions may limit the size, height, or even the placement of the home on your property;
  • Type of foundation:  the type of foundation system you choose may be dependent upon local or state codes, the lot size, slope, and soil type;
  • Walkout basement:  a sloping lot can allow for a walk-out basement, providing more usable square footage for recreation areas or additional guest bedrooms.

If you’re excited to get started on planning your home design, we suggest you create a binder of clippings and samples you are collecting.  Include design elements and details you do not like: sometimes these are more valuable to your architect than features that you do like.

Ready to get started?  Call or stop by to schedule a free site visit!

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Remodeling Vs. Moving

Remodeling your current home may be a better option for you than finding a new home that fits your needs.  Yes, there are plenty of homes on the market, but consider these reasons why many are improving your existing home rather than thinking of packing up and relocating (according to the National Home Builders Association):

  • Remodeling allows you to customize your home to meet your needs and desires. The only similar, but much more costly alternative, is to design a new custom home and have it built to your specifications.
  • Remodeling means that you don't have to give up a familiar neighborhood and schools.
  • Remodeling is a more efficient use of your financial resources. According to the American Homeowner Foundation, selling your home and moving typically costs about 8-10% of the value of your current home. And much of this goes into moving expenses, closing costs, and broker commissions - items that have no direct impact on your home's quality.
  • Remodeling can be stressful, but few experiences are more stressful than moving.

While your home may have fit your living requirements over the years, remodeling it will make your home a more enjoyable place to live while adding resale value.  While remodeling may improve the resale value, though, remodeling projects vary greatly as far as investment vs. value.  According to the NAHB, “the general rule of thumb is that any remodeling project that brings your home up to the level of your neighbors' is a worthy investment. But it doesn't pay to be the most expensive house on the block - real estate experts recommend that a remodeling investment should not raise the value of your house to more than 10-15% above the median sales price in your neighborhood.”

Remodeling can all you to live comfortably for several more years in your home while you wait for the market to recover fully in your area.  Remember, though, that when you do sell, potential buyers will be comparing your home to newer homes.  The solution?  If possible, says the NAHB, you should look at the current design trends for new homes and incorporate popular features like “great rooms (open kitchen/family room arrangements), master bed and bath suites, and higher ceilings”.

Also, suggests the NAHB, read Remodeling magazine’s “Cost vs. Value” annual report, which assesses which projects give homeowners the greatest return on investment.  You can’t go wrong updating your kitchen and bathrooms, as these are the first things potential buyers consider in buying a new home.

Our tip?  Hire an architect for your home renovation project.  Read another blog on why it's beneficial at http://timberframeblog.blogspot.com/2010/03/home-renovations-hire-architect.html.
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NAHB: Ten Tips to Sell Your Home


Photo courtesy of NAHB
Are you building a new home but need to wait until you sell your current home?  If so, you’re not alone.  Here are ten tips to selling your home, provided by the National Association of Home Builders:

You may think your house is perfect just the way it is, but a prospective buyer may not see it that way. To give your home "curb appeal" and make it more attractive to buyers, there are some tasks you should see to before you place that "For Sale" sign in your front yard.

Many of these suggestions are simple, common-sense items; others will require some time and investment. But you'll reap the rewards when a buyer walks into your house and exclaims, "This is the home I've been waiting for!"

1.   If your home needs to be painted, this is the time to do it. The interior paint job should be fresh and clean and in a single, neutral color throughout. This is not the time to experiment with lilac walls in the bedroom. The same goes for the exterior. Don't forget shutters and windows. If your home has vinyl or aluminum siding, be sure it's clean. Moldy, dirty siding will tell a buyer that your home has not been taken care of properly.

2.   The green shag carpeting still gracing your floors should be replaced. Old, matted carpeting will be a detriment to your home selling. Real estate agents all have a dozen stories of a home that sat and sat on the market until the old carpeting was replaced. Then, it sold immediately. If you have hardwood floors under old carpet, tear up the carpet to expose them; today's buyers love hardwood floors.

3.   Make a list of all those little repairs you've let go. Then fix each one. The hole in the screen, the loose doorknob, the doorbell that doesn't work and the leaky faucet must all be repaired before buyers start looking at your home.

4.   If your home's appliances, like the dishwasher, oven, refrigerator and washer and dryer, are old and outdated, it could pay to replace them. Buyers do not want to be faced with the possibility of having to replace appliances upon moving in to a new house. Shiny, new appliances already in place will be a big selling point.

5.   Clear your house of clutter and debris. Get rid of piles of old newspapers and magazines, the old clothes that don't fit, the closet full of small appliances that don't work, dust-filled collections of knickknacks, etc.  Clean, open spaces make your home look bigger to prospective buyers.


When you are ready to start thinking about building your new home, the first step is to hire an architectBonin Architects is licensed in New Hampshire, Vermont, Maine, Massachusetts, Rhode Island, Connecticut, Pennsylvania and New York (inquire as to other states).  We're happy to talk to you about budgeting and costs, green building materials, and sustainable home design!

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Feeling Tipsy

Hello, all! I had to share this video of an unbelievable house that is now on the market. It is space-age fabulous!!! Designed by Richard T. Foster in 1968, the Rotating House is ingenious. Once inside, you can rotate the house to face any view of the beautiful property it sits on. Love it! 
P.S.  Monday's post didn't appear here because of problems with Blogger. I did post a link on my Twitter and Facebook sites. Be sure and check out another amazing home there. As for the explanation of where I've been...still to come, I promise.
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Lake Sunape Area Open House

Our next event will be held at a spectacular custom home near Lake Sunapee, NH. If you are looking for land in the Sunapee / New London area, or already have property and are planning to build a new home, this event is for you!

Open House at a Lake Sunapee Custom Home
~ Talk with the Green Building Experts ~

Green Architect Jeremy Bonin, Bonin Architects
Green Builder Everett Pollard, Northcape Design Build
Lake Sunapee Realtor Dan O'Halloran, Colby Real Estate


Here's your opportunity to get your questions answered about building a new home or addition or remodeling your existing home. Q&A based on audience discussion! Ask about Comprehensive Shoreland Protection Act guidelines (CSPA), budgeting and costs, green home design, working with an architect, custom home costs, green building materials, and more!

Saturday, May 1, 2010
4:00 PM - 6:00 PM

Registration is required. Directions will be given to registrants only.
To register call Bonin Architects & Associates, New London, NH
603-504-6009

Relaxing atmosphere - Refreshments
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A Woman's Home Is Her Castle

Now THIS is real estate shopping! Last week Remodelista mentioned this home only in passing but I had to investigate it further. Wow! As it turns out there is a CASTLE for sale here in Texas. I can say I've never heard of a Texas castle, but now I know there is one in where else but Austin

The living room/lodge blows me away. I guess this is enough space for dining parties, no?





Finally, I could rule over my own little kingdom...even if I'm the only person who believes in it:)
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What Would You Do?

Hypothetical situation...Lets say one day someone walked up to you and said, "Hello, I'm going to give you your dream home. Just tell me what you want." Would you know what to say? I mean we often think we know what we want, but do we really know? (Yes, I do believe this might happen to me someday; so I think about it a lot). Well, I think I found a very good blueprint for what I would like to have. Check out this gorgeous Dallas home!
They say a kitchen is the most important room in a house, but I find its usually my least favorite. For one, I'm not much of a cook but also because kitchens are usually too fussy or too frumpy. This kitchen on the other hand...nice! Its so chic and clean.


Perhaps, I would not want my house to be this White! I like more color. So, do you know what you want. Another question, can we really get what we want if we're not even clear what that is?! Hmmm, sorry to be so philosophical the day after the Super Bowl:)
P.S. Some of you long time readers may remember my "Dream Home" series, but newer readers may not. Click here for some more inspiration.
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Construction of New Homes Rebounds in November

New building permits rise more than expected -- a hopeful sign for industry

WASHINGTON - Associated Press, 12/16/09 - Construction of new homes, helped by better weather, rebounded in November following a setback in the previous month.

The gain is a hopeful sign that the housing recovery is continuing, a development viewed as critical to lifting the overall economy out of recession.

Read the whole article here.
Source: MSNBC.com


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