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Archive for the ‘Helpful Tips’ Category

Where There’s Smoke…There Might be a Code Change

 

Where There is Smoke...There Might be a Code ChangeImagine this, your contractor has gone through your kitchen renovation project with a fine-toothed comb and has everything under control for your final inspection. Your building inspector says the plumbing looks great; the electrical connections are perfect; and the structure is sound. Unfortunately, he continues, you've failed your inspection because there's no smoke detector in your upstairs guest bedroom.

Believe it or not, that can and does happen in Mecklenburg County, thanks to a January 1, 2008, code change that is only recently being enforced. The North Carolina state code change states that an existing house will be subject to the same smoke alarm requirements that new homes must abide by whenever there's an "addition, alteration, [or] repair to any dwelling unit or when one or more sleeping rooms are added to an existing dwelling unit." The code goes on to say, "This includes but is not limited to kitchen and bath remodels, finishing a basement, adding a room, or garage addition."

What are those requirements? They include that a smoke alarm be installed in each bedroom, outside each sleeping area and on every additional story of the home (with some technical exemptions for split levels). Prior to this change, smoke detectors could be installed in the common hallway area outside of each bedroom, but now they must be installed in both locations. The code goes on to require that smoke alarms shall be hard wired and interconnected and that an electrical permit is required for their installation. However, in some cases, battery operated smoke detectors are acceptable. There are a few additional exemptions for essentially exterior work and interior renovations that don't involve the removal of interior wall or ceiling finishes, thus exposing the structure, but as you may imagine, it takes someone familiar with the code to properly apply it.

While the code change is designed to ensure the safety of residents, it's the type of regulation that also can cause headaches for do-it-yourselfers. While some homes built in the last few years already comply with these regulations, many homes do not. Thus, it's very important to check all of your bedrooms for functioning smoke alarms. Otherwise, your project may be delayed for a week or possibly longer as you install smoke detectors consistent with the code and then wait for a re-inspection. Remember, the county inspectors will not finalize your building permit until compliance is achieved.

It’s Summertime and the Living is Easy

 

It's Summertime and the Living is EasyIn years past, Charlotte's most elaborate outdoor living spaces were, if you'll pardon the pun, decked out. They featured elaborate architecture, expansive paved areas, and fixtures and finishes that rivaled the finest gourmet kitchens. As the economy and times have changed, the way homeowners view their outdoor living spaces has also been transformed. Homeowners are taking a conservative approach and undertaking projects that stretch their home improvement dollars. Fortunately, a well-planned outdoor living area remains a wise investment.

Why? Because pragmatic outdoor living spaces are money well spent. If your backyard is designed for entertaining, you'll be more likely to have friends over, instead of going out. You may opt for a staycation instead of that quick weekend getaway. Ultimately, you’ll make better use of the space you have, and since you're generally not adding traditional square footage (building a new foundation, walls, roof, etc. from scratch) the additional living space costs far less per square foot than any other addition.

Here’s a look at what we believe many of your neighbors will be doing this summer:

What's Hot: Some of the most popular projects we've seen involve creating a covered porch or transforming a deck into a screened-in porch, both of which keep you out of the sun. Some homeowners are taking it a step farther and converting porches into sunrooms that are heated and cooled for comfort but allow you to open the windows for fresh air, providing the best of both worlds.

What's Not: Extensive synthetic decks or patios crafted from stone choices that retain too much heat – particularly if they are exposed to full onslaught of the summer sun. These surfaces can become painfully hot, and thus won't get much use.

What's Hot: Intimate patios and eating areas designed for conversation are ideal, inexpensive gathering places for family and friends. Finish the space with a cooking area with a nice grill. Upgrades here that are hot right now include practical granite surfaces (they stand up so well to the elements that they are well worth the initial expense) and overhead exhaust hoods for grilling areas that take smoke and odors away from guests.

What's Not: Extensive (and expensive) stonework, overly elaborate outdoor fireplaces and showy fire features that are more form than function. Using the wrong type of stone can result in a very heated situation! Some stones are best suited for shaded patios as opposed to surfaces that receive full sun; otherwise they will absorb so much heat they can make using your patio intolerable.

What's Hot: Pools are beginning to come back around, with good reason. They are great entertainment for families and a healthy exercise option for older adults or those with physical limitations. Oftentimes, families question whether a pool is worth the initial investment, and we’ve personally found that it is. For us, the expense of joining a swim club and the hassle of packing all your stuff up to go there takes away the spontaneity, and limits the number of times you actually use a public or club pool.  Because you can enjoy it at a moment's notice, you simply use your own pool more often. Today's salt water pools are easier and less expensive to maintain than the chlorinated pools of the past.

What's Not: Cheaply made, vinyl-lined pools. We've heard of homeowners who have had walls collapse if they drained the pool too low, or whose liner has actually ripped when a torrent of rain from a summer storm got between the liner and the pool wall. If you’re going to invest in a pool, spend wisely and opt for a solid wall, gunite pool.

The Changing Face of Custom Homes

 

The Changing Face of Custom HomesLike many other things, custom homes have changed dramatically over the past few years. Not so very long ago, some Charlotte-area homeowners looked at custom homes as short-term investments – something to be built, enjoyed for a few years, and then flipped – typically at a considerable profit. A much tougher resale market and economic uncertainties have more people opting to stay in their homes longer these days. Yes, new custom homes are definitely being built in Charlotte, but in many cases, the people who are building them are taking a longer-term view. So how is that impacting the type of homes being built? Here’s a look at the top trends that we’ve seen in Charlotte’s most recently built custom homes.

Built to enjoy.

Since people are planning on staying in their new homes longer than they might have in the past, they are placing more emphasis on building in the things they really want – and worrying less about the impact those decisions might someday have on their resale value. That means rooms built for specific hobbies, a master bath that reflects the homeowners’ desires instead of the latest trends (with larger walk-in showers and often smaller or no bathtub), more vibrant colors and unique materials are showing up in designs. While everyone is conscious of cost, people are simultaneously more willing to splurge and less willing to wait “for the next house” to build in the features they truly want, because that “next” house may be years down the road, and they want to enjoy them now.

Right-sized.

At the same time, people don’t want to pay for “wasted” space. Unused formal living and dining rooms, single-purpose theater rooms, and soaring two-story spaces are becoming things of the past. Instead, functional spaces built around the way the homeowners actually live are gaining ground. Overall, home sizes are undoubtedly shrinking. Larger homes are simply more costly to operate and to maintain, and in today’s times, that’s an expense many just don’t want to assume.

Efficient.

Today, most people are taking a practical approach to being green. While consumers have reached the point where they almost expect the features and materials they choose to be environmentally responsible, they are also unwilling to invest heavily in features that don’t reap a substantial return. Because of that, today’s buyers are weighing the short-term costs vs. the long-term savings of every major purchase. The number one item that is making the cut is a more efficient HVAC system, which can reap a substantial return on your investment. Other options, like tankless water heaters, energy efficient appliances and more efficient windows and doors are also doing well. There are still tax credits available for certain windows, doors and appliances, but it is critical that consumers make certain that the models they select satisfy the eligibility criteria. While some may be energy saving, they may fall short of the standards established for each component, so make doubly certain before you invest.

Convenient.

Since homeowners are planning to remain in their homes longer, they are thinking ahead for a future when age or infirmity might make it difficult to fully utilize certain areas of their home if they don’t make accommodations on the front end. Simple changes that can be made behind the scenes, like putting extra blocking in bathroom walls to accommodate the need for future grab bars or other aging-in-place amenities cost virtually nothing extra when building and make future modifications a breeze. (Think about the hassle involved in installing a simple grab bar in the future if provisions aren’t made when building – it would entail breaking through a finished wall, installing the bracing, then repairing the wall and replacing the finish – in the case of wallpaper or a faux treatment, it might mean redoing the entire room. If you put a simple wood brace inside the wall now, future grab bar installation is as simple as drilling and turning a screw.) Making doors wider, installing right-height commodes, planning for a future elevator or placing main living spaces on an easily accessible portion of the main level are easy choices that can make all the difference in how long and how well you live in your home for years to come.

Desired Qualities

 

Desired QualitiesSo you're ready to take the plunge and build the custom home of your dreams? Before you dive in, it's essential to find the right builder to faithfully execute your plans. Unlike assembling a tract home, which entails building essentially the same structure over and over again, building a custom home requires a builder with a special slate of talents. Here are a few of the qualities you should look for when you are determining who you will entrust with your dreams:

Legitimacy. It goes without saying that anytime you hire a contractor, you need to verify his credentials. Check the Better Business Bureau and professional groups like NARI for any complaints, make sure that the builder has all necessary licenses and insurances in place, etc.

Longevity. Particularly in today's volatile climate, when so many people who have lost jobs in the construction industry are hanging out their own shingles, it’s essential to work with a builder who has done this before. Why? Because by their very nature, custom homes are unique, complex structures that require true professionals to successfully balance the construction process from conception to completion.

Vision. Since each custom home is a unique reflection of its owners, the ability to clearly understand and articulate your vision to all the various tradespeople, designers and other professionals who will be involved in your project is critical to achieving the results you desire.

A Good Manager. How your builder manages the process side of the construction business is just as critical as how he does on the actual building side. Managing a good team of "handpicked" tradespeople, scheduling out who needs to be where when, and planning the smooth progress of each step is crucial to finishing on time and on budget. Let’s face it, delays are inevitable on a construction project, generally due to weather, scheduling, and waiting on inspections and/or material availability, but minimizing them and effectively dealing with them can make the difference between finishing on time or not. If a project of this magnitude gets out of control, you as the owner can incur hefty interest charges, possibly lose your rate lock, or potentially pay two mortgages or mortgage and rent (your existing home or the apartment where you are residing while your new home is being built and the home under construction) for longer than you need to.

Creative Thinker. If you want your home to be unique, you need a builder who is willing to think outside the box. A custom home gives you the unprecedented opportunity to stand out from the crowd, so the builder you select must be able to help you do that; otherwise, why bother?

Passion. Ultimately, if your builder is passionate about what he does, his love of craftsmanship and detail will translate into your final project and give you much better results.

Why Custom?

 

Why Custom?As the weather warms and we begin to see some signs of economic improvement on the horizon, many people's thoughts are starting to turn toward a new home. Many clients have asked us if it makes sense to buy an existing home, opt for a deal on a new or foreclosed spec, or build a custom home. For a whole host of reasons, we believe that this might be the ideal time to consider building a custom home. Here are a few advantages of building custom now:

Get exactly what you want

If you truly want a home that really suits your lifestyle with a well-thought out layout and is designed around your tastes, nothing compares to custom. Oftentimes, people consider buying a home that’s a really good deal, but spend more money than they bargain for to modify it to their family’s needs.

Rightsize it

Many of the foreclosure properties now available on the market are – not surprisingly – larger homes. More square footage simply costs more to maintain, initially when it comes to decorating and then long-term when it comes to maintenance, landscaping, heating, cooling, the list goes on and on. We recently met a young professional couple, both with excellent, secure jobs, who are downsizing simply because they realize that their home is too costly to keep up. With a custom home, you can maximize the value of every square foot and customize it for the way your family lives, so you won’t pay for wasted space you never use.

Express your individuality

A custom home reflects your style in every detail, from the exterior design and colors to how the interior flows. If you buy a new home from a tract builder, they may have five or six different plans to choose from, so your house will look pretty much like several others in your neighborhood.

Set your site right

If you’ve ever walked into a friend’s house, looked out their window and stared straight into their neighbor’s living room, you’ve experienced poor home positioning up close and personal. When you build a custom home, you and your builder have a unique opportunity to make certain that it fits your lot. You can orient your home to get the perfect sun exposure, design it to take advantage of beautiful natural views and maintain privacy, angle the garage just so, and more.

Don’t be intimidated

While a custom build gives you an unprecedented opportunity to select every aspect of your home, some people don’t want that level of involvement. They may have constraints on their time or they simply don’t wish to be involved with that level of detail. Yet even a custom home doesn’t have to be designed entirely from scratch. You can buy a plan that’s close to what you need and refine it – add more windows to bring more light into the bonus room, take out a wall to open up the space, etc.

Improved energy efficiency

If an energy efficient home– and the utility savings that come with that – is important to you, a custom home may be a much better option than an existing residence. Building materials and methods have made amazing strides in a very short time. It’s simply not cost efficient to bring many older houses (built in the 50’s or earlier and depending on their upkeep over the years) up to code - with plaster, un-insulated walls, single pane windows, structural issues, and in some cases, stringent historical requirements that can hamper attempts to update.

Opportunity is knocking

Rates are fantastically low right now, land is plentiful and affordable, materials and labor costs have held steady but are beginning to creep back up.

Quite simply, when you build a custom home, everything works together beautifully to fit your family’s needs, tastes and lifestyle. And when you deal with a contractor who can help you think outside of the box, the results are certain to be as distinct as you are.

Are Short Sales and Foreclosures Always a Good Buy?

 

Are Short Sales and Foreclosures Always a Good Buy?There are so many bargains out there, but do you really know what you are getting into purchasing a short sale or foreclosure' If you don't, I would highly recommend hiring a Union County REALTOR® who is experienced in these types of transactions, to guide you through what could be a long and arduous process. I would never recommend a buyer to "go it alone," without expert help.

First of all price. The price that is often listed on short sales and foreclosures, mayor may NOT be the actual price the bank or lender will accept. Don't think you can go in and ask for 30-50% off the listing price, when that may actually be their starting bid price. Sure you can try for a little off, that's negotiating. But you also must understand you do run the risk of being outbid by someone who understands that short sale or foreclosure has already probably been heavily analyzed by agents and appraisers alike, and set at a price to move quick. And it's been the trend lately, for banks and lenders to set these prices quite low to generate activity and even bidding wars.

Yes, I said bidding wars, in a buyer's market. But consumers are lured in on these bargain basement prices, then get their emotional heartstrings attached to a home, and have a desire to "win." This can play against them in actually getting a good deal.

Doing your due diligence, including many inspections, possibly getting repair bids, and also conducting a very thorough title search up front, are keys to buying right. These types of homes are almost always sold "as is," so there won't be any negotiation on these items within the offer. Doing these things may reveal future costs, such as needed roof repair that costs more than $10k, replacing all those stolen appliances at $2500, or having to cure title by paying that tax or Homeowner's Association Lien for $5000, that when added to the price of the home, may not make it such a good deal anymore.

And there may even be difficulties after you close a home. Sometimes it takes a while for paperwork matters, such as liens or pending foreclosures to be dropped. I have recently heard of one short sale buyer suddenly being met at the door with a "team of processors" to trash-out and re-key their home! They have been in fear ever since that had they not been home, that they literally would have been evicted and their furnishings damaged or auctioned off, which there have been documented cases of around the country. Their agents have been advised by the bank, that it is a probable paperwork issue that may take weeks to get resolved.

I don't want to present the picture that all short sales or foreclosures are not worth the hassle. Many of them are excellent deals. But they can take months and lots of extra money that isn't in the "price" to get to closing. Be sure to also consider that resale or new home that is priced right, and always use your expert Union County REALTOR® to guide you through the buying process.